Browsing all posts in Business.
Govt Plans Sea Port, Railways to Aid Oil Industry
Ghana will build a deep sea port and rehabilitate its railways as the West African nation prepares for production in its oil sector, President John Atta Mills told lawmakers. Oil revenue will “change the country’s economic paradigm” as it develops infrastructure and other industries, Mills said today in his State of the Nation speech to [...]
Ghana blocks Kosmos-ExxonMobil deal
Minister of Energy Joe Oteng-Adjei denied Ghana would take by force Kosmos Energy LLC’s interest in Jubilee oil field, but the company will not be allowed to sell its stake to ExxonMobil Corp. Speaking in Port of Spain at an energy conference, Oteng-Adjei said Ghana National Petroleum Corp. (GNPC) is interested in purchasing Kosmos’ stake [...]
Use oil resources to promote a diversified Ghanaian economy
Dr Richard Darko Osei, a Senior Research Fellow, has called for judicious use of the country’s oil resources to promote a diversified economy where the revenue collected would benefit both the present and future generations. He said the lack of information often left the citizenry in the dark about how the government is managing the [...]
Information Technology Services to provide 45,000 jobs by 2011
Government is to harness the economic potential of Information Technology Enabled Services (ITES) to create 45,000 jobs to reduce the unemployment situation in the country by 2011, Mr. Haruna Iddrisu, Minister of Communication said on Saturday. He said that the growth of ITES has the potential to rake in additional 750 million dollars, by the [...]
Majority Leader Chastises Operators In Hospitality Industry – Rejoinder
The Canadian Parliamentary Centre from 20th to 23rd November, 2009 organized a Healthy Lifestyle Conferencing Retreat at the Holy Trinity SPA & Health Farm, Sogakofe. Their business theme was “Review Workshop for Ghanaian Parliamentarians on the Government of Ghana Budget and Economic Policy Statement for the 2010 fiscal year”. In all 125 delegates including Parliamentarians, [...]
IRS TO SIMPLIFY TAX PAYMENT
By Moses Dotsey Aklorbortu, Takoradi The Internal Revenue Service (IRS) has declared its intention to make tax paying easy and attractive to the taxpayers across all sectors of the country’s economy. This follows the introduction new software to enhance calculation, use of accurate tax rate, casting of total and help reduce delays in filing of [...]
Ghana International Airlines to Continue Operations
The management of Ghana International Airlines (GIA) writes in reference to the various media reports on Thursday, 22nd October 2009. The Cabinet decision referred to in the media reports has given Ghana International Airlines the lifeline to become self-sustaining from January 2010. We are thankful to the Government for such a positive decision. This lifeline [...]
Importation is not best for Ghanaian economy- says business consultant
A Business and financial consultant Boachi Kusi Yiadom has challenged players in the Ghanaian economy to strengthen and empower local industry to produce goods and services that can sustain the Ghanaian economy in a long run. He said the emerging “buy and sell” economy in the country is not sustainable and does not provide industry [...]
Monetary Policy Committee press briefing
Ladies and Gentlemen, you are all welcome to this Monetary Policy Committee press briefing. One year after the collapse of Lehman Brothers which signaled what became one of the worst global economic crisis, all the uncertainties seem to be dissipating. Initial signs on the global front point to recovery, particularly, in the US, Europe and [...]
Highlights of the supplementary budget
The following are the highlights of the supplementary budget presented to Parliament on Tuesday by the Minister of Finance and Economic Planning, Dr Kwabena Duffuor. The budget review covered January to June 2009. – Government seeking approval for supplementary appropriation of GH¢252.8 million. – Government maintains budget deficit at 4.5 per cent of the projected [...]
