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ECG bidding consortium rejects 51% local content policy

French electricity conglomerate EDF, French transnational company Veolia and their local partner CH Group – who have put in a joint bid for the ECG Concession – have rejected the government policy that allocates 51 percent mandatory ownership of the concession to Ghanaian companies.

Multinational Hotel Group Shangri-La to expand into Ghana

Chinese Multinational Hotel Group, Shangri-La has begun preparations to expand into the Ghanaian market.

UT, Capital banks’ assets on sale

PricewaterhouseCoopers is seeking buyers for landed properties of the UT and the Capital banks to help mobilise funds to pay off their creditors.

Latest Stories From Business
Auditor-General to block salaries of public institutions for failing to respond to audit queries

Heads of Institutions who fail to respond to "audit observations" by the Auditor General after 30 days will have their salaries blocked, the Auditor General, Daniel Domelevo has said.

Posted: 11 hours ago   Views: 1701
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Ghana could be using ‘the ECO’ by 2020 - Ken Ofori-Atta

Ghana could start using the single common ECOWAS currency, the ECO, from 2020, the Finance Minister, Ken Ofori-Atta has said.

Posted: 16 hours ago   Views: 7279
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Export competitiveness vital to Ghana’s growth – Barclays

Ghana’s overall market share remains small, at 0.02 percent globally.

Posted: 21 hours ago   Views: 1559
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VRA to ‘sell’ non-core businesses

The country’s largest power producer, the Volta River Authority (VRA), is seeking to privatize most of its non-core businesses, as the Authority strategises to become one of the leading power producers in the sub-region.

Posted: 1 day ago   Views: 2801
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Customs cause confusion over sale of confiscated cars

Failure by officials of the Customs Division of the GRA to do due diligence in the allocation of confiscated vehicles nearly created chaos at the Tema Ports.

Posted: 1 day ago   Views: 9367
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APR for January drops marginally to 25.6%

The Annual Percentage Rates of interest charged on loans and credit advances and the Average Interest paid on deposits by banks for January stands at 25.6%.

Posted: 1 day ago   Views: 1914
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Karpowership engages stakeholders ahead of Sekondi-Takoradi relocation

Karpowership Ghana Company Limited has held a series of stakeholder engagements with various community groups within the Sekondi and Takoradi municipality.

Posted: 4 days ago   Views: 3523
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Fuel prices to drop further; as Gov’t hints of ‘bailout’ plan for BDCs

There could be a further reduction in the prices of petroleum products as the government has hinted of plans to support BDCs to help them secure good deals.

Posted: 4 days ago   Views: 7358
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NPA directs OMCs to begin charging reduced prices for petroleum products today

The NPA has directed Oil Marketing Companies to implement the amended Special Petroleum Tax Act which reduces the tax by 2%.

Posted: 4 days ago   Views: 5797
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Guinness Ghana commended for Drink Driving education programme

Commercial drivers and stakeholders in the road safety space have commended Guinness Ghana Breweries Limited (GGBL) for its drink driving education programme.

Posted: 4 days ago   Views: 2310
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