Memorandum of Understanding for combined cycle power plant with a capacity of 660 megawatts
Total investment volume of more than US$500million
Siemens and Rotan Power have signed a memorandum of understanding (MoU) to develop and build a combined cycle power plant with a capacity of 660 megawatts (MW) at...
The removal of import duties on spare-parts and other items will begin in 2018, the Ghana Revenue Authority (GRA) has said.
This due to completion of the processes and legal framework necessary for implementation of the decision announced by government in its 2017 budget.
It also follows the expected operationisation of...
First National Bank Ghana, a subsidiary of the FirstRand group of South Africa, has introduced its merchant-acquiring solution into Ghana. Commonly known as a Point of Sale (PoS) device, this will be available to all qualifying businesses such as retail outlets, fuel stations, restaurants, churches etc.
As one of the...
The maiden edition of the Barclays Africa Group Financial Markets Index has ranked the capacity of local investors in the country among the lowest of 17 financial markets on the continent.
The survey, conducted in collaboration with Official Monetary and Financial Institutions Forum (OMFIF) and launched in Accra last week,...
The Central Bank has placed a freeze on licensing of new banks and other financial institutions as part of its aim to strengthen supervision, which will come as a blow to investors seeking to enter the financial space without recourse to existing institutions.
“To rationalise the banking sector to ensure...
Africa World Airlines (AWA) has submitted a proposal and held discussions with the Aviation Ministry to be designated as the country’s flag-carrier, Togbe Afede XIV - Co-Chairman of AWA and Chief of Asogli State - has said.
When designated as the national flag-carrier, AWA will be able to operate flights...
Nordea Income Growth Fund Limited, the eight best company in Ghana, according the business ranking by the Ghana Investments Promotion Council’s (GIPC) Club 100, has once again posted impressive performance in 2016 financial year with a 20.46 percent income growth compared to the negative 15.33 percent recorded by the...
Mr. Eli Hini, the General Manager for Mobile Financial Services, MTN Ghana, has said their outfit is working with the police to thoroughly screen personnel who apply to become agents of mobile money.
Mr. Hini said the agents would be thoroughly scrutinized and well observed to ensure the safety of...
Meridian Port Services (MPS) has taken delivery of the first unit out of two Mobile Harbour Cranes (MHC).
The Crane arrived on 8th December 2017 and it is currently being commissioned by the manufacturers’ engineers expected to be put into operations after completing the training in the coming two weeks....
Ghana's largest and most innovative sports betting company, Betway Ghana, has donated a set of hospital equipment to the Tanoso Health Clinic in the Brong Ahafo region as part of its drive to support community development across the country.
The items donated by Betway Ghana to the health facility included...