Business

GOIL embarks on tour to thank drivers

Ghana Oil Company, GOIL, has begun a nationwide promotional campaign to show appreciation to commercial drivers for their continued patronage of its products. In Accra, the ‘thank you’ visit was led by a team of Zonal office staff and GOIL Brand Ambassador, Barima Azumah Nelson, who visited Lorry parks and Tro-Tro stations to interact with drivers and promote the sale ...

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Ghana’s oil and gas future extolled

Chief Director of the Petroleum Ministry, Professor Thomas Akabzaa, has given an upbeat assessment of the nation’s oil and gas industry, saying, its future is promising. He said with the start of oil drilling at the second oil field – Tweneboa Enyenra and Ntonme (TEN fields), and the Sankofa Gye Nyame expected to come on-stream next year, there certainly were ...

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Tanker Drivers kick against ‘Door-to-Door’ LPG delivery

The Ghana National Petroleum Drivers Union has told Citi Business News it will resist any attempt by the National Petroleum Authority (NPA) to ban domestic gas users from filling their cylinders at the pumps. According to the union, the move by the NPA to ban Ghanaians from filling their Liquefied Petroleum Gas (LPG) cylinders is not well thought out since ...

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Tanker drivers resist ban on ‘10-year old’ vehicles

Gas tanker operators in the country have vowed to resist any move by the National Petroleum Authority (NPA), to ban the use of gas tanker vehicles that are over ten years old. The NPA recently announced that gas tankers which are above ten years will not be allowed to operate by next year. Speaking to Citi Business News, the Chairman ...

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Ghana is a haven for investors – French Ambassador

Mr Francois Pujolas, the French Ambassador to Ghana says the political and socio economic stability in Ghana has made it a haven for investors the world over. He said business organisations in France were highly interested in the Ghanaian market adding “we in France have great confidence in the Ghanaian market, and this is buttressed by the political stability that ...

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Court to rule on ECG interlocutory injunction case

An Accra High Court is expected to today rule on an interlocutory injunction case file against the government on its plans to cede part of the operations of Electricity Company of Ghana (ECG) to a private entity. A group known as the Coalition Against the Concession of ECG contends that the proposed plan by government is not in the best ...

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High price, timing, force Access bank to extend IPO offer

Stock market analysts have cited inappropriate timing and pricing as some reasons leading to the extension of the offer period for Access bank’s Initial Public Offer. “The extension was given to investors who were not able to purchase within the stipulated period. As expected for some us we were not considering the deal to be flying; also, we think the ...

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Recent power cuts due to planned maintenance- ECG

The Electricity Company of Ghana(ECG) has attributed recent power cuts in some parts of the country to maintenance works it is undertaking to boost power supply. Some Ghanaians have recently complained of intermittent power cuts, blaming the situation on load shedding. But speaking to Business.com.gh News after a tour of some of the project sites in the Dodowa District, the ...

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Access bank extends IPO period by fourteen days

Access bank has extended its Initial Public Offer (IPO) period by two weeks. The bank has extended the closing period for the offer from November 11, 2016 to November 25, 2016. A statement from the bank on the extension said, “The Securities and Exchange Commission has granted the Bank an extension to its Initial Public Offer (IPO) period.” The offer ...

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Prez Mahama once more defends MiDA, ECG partnership

President Mahama has stressed that private sector participation in Ghana’s power sector is inevitable if the sector is to perform satisfactorily. According to him, the long term benefits over reduced losses outweigh the immediate concerns militating against such move. The decision to allow the Millennium Challenge Corporation (MCC) to take part in the management of Ghana’s power sector has been ...

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