Business

‘Ghana is the future of Africa’: Why Google built an AI lab in Accra

Ama Serwaa July 16, 2018 7 0

“Google is just a giant scientific research company that happens to make money,” this was my first impression when I visited their offices in Mountain View for the first time. I was not wrong, a lot of what Google does is to push the boundaries of human knowledge through research Read More

Business

Fuel prices to go up by 3 percent

Steve Darko July 16, 2018 32 0

The Institute of Energy Security (IES) is predicting a 3 percent increase in fuel prices for the second half of July. According to the institute, prices will go up by about three percent barring an intervention from the National Petroleum Authority (NPA). In an interview with Citi FM, Research Analyst at the IES Mikdad Mohammed […]Read More

Business

World Bank pumps $60m into Ghana’s energy, tourism sectors

Steve Darko July 16, 2018 10 0

The World Bank has approved a $60 million credit facility for the Ghana Energy Sector Transformation Initiative Project and the Ghana Tourism Development Project. Specifically, the Ghana Energy Sector Transformation Initiative Project received $20 million to strengthen the capacity of the energy sector, implement sector reforms, and improve energy sector planning and Read More

Business

GCB commits GH¢1bn to support 1D1F; 270 proposals received

Kwabena Nyame July 16, 2018 11 0

The Ghana commercial bank, GCB has committed GH¢1 billion towards the ‘One District One Factory’ initiative by the government. About 270 clients have already put in their applications awaiting review for support under the programme. Head of SME and One District One factory of GCB, George Fuachie said the bank has signed an agreement with […]Read More

Business

Rolls Royce develops propulsion system for flying taxi

Kwabena Nyame July 16, 2018 10 0

Engine maker Rolls-Royce has designed a propulsion system for a flying taxi which it says could take to the skies as soon as early next decade. The British firm said it had drawn up plans for an “electric vertical take-off and landing” (EVTOL) vehicle, which could carry four to five people. The vehicle could travel […]Read More

Business

Leasafric Ghana launches new ‘Switch Car Rental’

Steve Darko July 14, 2018 11 0

Leasafric, a non-bank financial institution, has rolled out its new service, the ‘Switch Car Rental’ service to bring convenience to customers for in-country and cross boarder movement. The new brand provides distinctive services starting with a short term car rental ranging from a day to a year, giving the customer absolute comfort, security, peace of […]Read More

Business

Ghana reviewing sulphur content in Marine Gas Oil – NPA

Steve Darko July 14, 2018 9 0

Tampuli, the Chief Executive Officer of the National Petroleum Authority, Friday said Ghana is in the process of reviewing the sulphur contents in Marine Gas Oil (MGO) to safeguard its environment. Speaking on his behalf, Ms Alpha Welbeck Director of Pricing, Planning and Research, NPA, said the Ghana Standard Authority was reviewing the sulphur standard […]Read More

Business

Ban on fishing to start on August 7 – MOFAD

Steve Darko July 14, 2018 10 0

Government has imposed a one month ban on all fishing activities in the country. The ban takes effect from August 7 to September 4, this year. Elizabeth Naa Afoley Quaye, Minister of Fisheries and Aquaculture Development announced this at a press conference in Accra, on Friday. The Minister explained that the closed season is meant […]Read More

Business

AngloGold Ashanti Iduapriem Gold Mines trains communities in piggery

Ama Serwaa July 13, 2018 11 0

The AngloGold Ashanti Iduapriem Community Trust Fund has partnered the Animal Sciences Department of the University of Cape Coast to train twenty (20) host community members on the premises of the Mine in establishing and managing piggeries as businesses. This is part of the initiatives of the Trust Fund to drive local economic interventions and […]Read More

Business

Newmont generated $536m of economic value in 2017

Ama Serwaa July 13, 2018 12 0

Newmont Ghana generated $536 million of economic value distributed throughout the Ghanaian economy last year. Out of the amount, $89.7 million was paid in employee wages and benefits, $62.3 million in taxes, $35.1 million in government royalties, and five million dollars in voluntary community investments. This was contained in the company’s 2017 Sustainability report, Read More

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