NEWS

UN Security Council unanimously adopts Ghana-Norway resolution on Maritime Security in Gulf of Guinea

June 1, 2022

The Ministry of Foreign Affairs and Regional Integration has announced that the United Nations Security Council unanimously adopted a Ghana-Norway resolution on Maritime Security in the Gulf of Guinea on Tuesday, 31st May, 2022. As co-leader and drafter with Norway of the resolution, Ghana welcomes the adoption of the resolution, the Ministry said in a statement on Continue Reading

Business

NPA boss adjudged outstanding public sector leader of the year

June 1, 2022

The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid continued in his streak of silverware collection as he emerged as the ‘Outstanding Public Sector Leader’ for the year 2021 at the Ghana CEO Excellence Awards held at the plush Kempinski Hotel in Accra. He was awarded for his Sterling Leadership, Achievement, Business […]Continue Reading

Business

IATA says post-pandemic airport chaos will get fixed

June 1, 2022

A top airline industry official called on Tuesday for calm surrounding recent travel chaos at some airports as people resume flying after the pandemic, blaming the gridlock on temporary delays in getting clearances for new staff. A snapback in air travel has triggered long queues at some British airports, as well as Amsterdam, Dublin and […]Continue Reading

Business

Oil firms on EU’s Russian oil ban and end of Shanghai lockdown

June 1, 2022

Oil prices firmed on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai. Brent crude was up US$1.71, or 1.5%, at US$117.31 a barrel by 0817 GMT. U.S. West Texas Intermediate (WTI) crude rose US$1.67, or 1.5%, to US$116.34. Both benchmarks registered […]Continue Reading

Business

Tullow Oil to buy Capricorn Energy for US$827 million in Africa play

June 1, 2022

West Africa-focused Tullow Oil will acquire Capricorn Energy  in an all-stock deal valued at 656.9 million pounds (US $826.7 million), the London-listed energy groups said on Wednesday, as they focus on the reserve-rich African region. Investors in Capricorn, formerly known as Cairn Energy, will receive 3.8068 Tullow shares for each share they hold, and will own 47% […]Continue Reading

Business

Gold Fields to become fourth biggest gold miner with Yamana deal

June 1, 2022

South Africa’s Gold Fields Ltd’s is set to become one of the four biggest gold miners in the world after agreeing to acquire Canada-based Yamana Gold in a US$6.7 billion all-share deal, the biggest in the region in years. Shares in the South Africa-listed mining company fell 20%, though, and investors voiced concern about dilution on a call with […]Continue Reading

Business

Telcos lose 300,000 mobile money subscribers in April

June 1, 2022

The telecommunication companies (Telcos) registered an over-300,000 loss of mobile money subscribers in the month of April prior to implementation of the Electronic Transactions Levy (E-Levy), Bank of Ghana (BoG) data have shown. According to the Summary of Economic and Financial data (May 2022), just ahead of implementing the E-Levy in May, active mobile money subscribers Continue Reading

NEWS

Police to 4 June demo organisers: We’ll not allow you to protest with weapons

June 1, 2022

The Ghana Police Service has served notice to organisers of an intended demonstration on 4 June that it will not allow them to carry weapons on the street as part of their plans. According to the police, the group wants to demonstrate for three days with its own private security. Members of the group include broadcasters Captain Smart and […]Continue Reading

Foreign

Ukraine war: US to send longer-range rockets in latest aid package

June 1, 2022

The US will send Ukraine more advanced rocket systems to help it defend itself, President Biden has announced. The weapons, long requested by Ukraine, are to help it strike enemy forces more precisely from a longer distance. Until now, the US had refused the request out of fear the weapons could be used against targets […]Continue Reading

NEWS

Government not starving Parliament of funds – Majority insists

June 1, 2022

The Majority in Parliament has reiterated its position that government is not deliberately frustrating the business of the house through the non-release of monies due it. Majority Chief Whip, Frank Annoh-Dompreh insists some funds have been made available to the house for parliamentary work. This follows the outburst of the Speaker of the House, Alban […]Continue Reading