Business & Finance

Phoenix Opens East Legon Branch

Friday, December 19, 2014 Insurance Commissioner Lydia Lariba Bawa being assisted by Adu-Sarkodee to cut the tape for the opening of the branchOne of the leading insurance companies in the country, Phoenix Insurance yesterday opened a new branch at East Legon, Accra.The opening of the new office, located on the premi ...

Peace Hyde Spearheads Mara Mentor

Friday, December 19, 2014 Peace HydePeace Hyde, a TV presenter and MC who is supposed to solely focus on issues relating to the showbiz industry in Ghana, has shown that she has passion for assisting young entrepreneurs to fulfill their dreams in life.Ms Hyde was recently introduced as the brand ambassador for Mara Me ...

Indomie Rallies Support For Sanitation Day

Friday, December 19, 2014 Officials with the dustbinsMulti Pro Private Limited, the local representatives of Indomie Noodles, has urged organizations in Ghana to support the National Sanitation Day instituted by the current Mahama administration.The National Sanitation Day, which has been set aside to undertake cleanin ...

Supply Hitches Worry Ghana Gas

Friday, December 19, 2014 Dr Kwesi BotchweyThe Ghana National Gas Company GNGC has expressed concern over the absence of enough functioning generating units at the VRA enclave in Aboadze and also compressor trippings on the offshore facility, FPSO Kwame Nkrumah.The company, in a statement issued in Accra and signed b ...

DANNEX takes over Starwin Ghana Limited

Friday, December 19, 2014 Pharmaceutical giant, DANNEX has taken controlling interest of Starwin Ghana Limited.This was after DANNEX increased its shareholding in Starwin to 71 percent during the recent right issues carried out by the company.Starwin was able to raise some 5 million Ghana Cedis out of the 10 million ...

Ghana's mobile market grows 6.8% in 10 months -- NCA

Friday, December 19, 2014 Mobile voice subscription figures recorded a 6.81 cumulative growth for the first 10 months of this year to reach nearly 30 million, National Communication Authority data has shown.Between January and October this year, mobile network operators added a little above 1.57 million new voice lines ...

Atuabo could save Ghana US$300m on fuel costs

Friday, December 19, 2014 Ghana has begun processing gas from its offshore Jubilee oil field through a pipeline project that could save the government US300 million a year on fuel costs even with the current steep drop in oil prices, state-owned Ghana Gas said on Wednesday.The Atuabo gas plant is supplying 50 million cu ...

ACEP demands clarification on Kosmos fine for toxic spillage in 2010

Friday, December 19, 2014 Africa Centre for Energy Policy ACEP has asked government to clarify the exact amount paid by Kosmos Energy to government over the spillage of toxic mud off the Jubilee fields in 2010.Kosmos was also fined by government for disclosing data on the Jubilee oil field without the governments cons ...

'Stop GNPC From Awarding Contracts To Foreigners'

Friday, December 19, 2014 Alex Mould, GNPC bossThe Centre for Democratic Governance CDD is pushingfor a law that will bar the Ghana National Petroleum Corporation GNPC from awarding oil contracts to international oil companies.According to the CDD, the open door tendering system, which the GNPC currently uses to ...

ECOBANK Chief Executive urges banks to partner with telcos

Thursday, December 18, 2014 ECOBANK Chief Executive Albert Essien has pointed to mobile telephony as the way to go if banks in Ghana are to remain competitive.He is urging local banks to partner telecommunication companies as a way of bringing services closer to their customers.Mr. Essien was speaking at the 14 th edit ...

Reinstated MODEC workers to start work on Monday

Thursday, December 18, 2014 The 27 MODEC workers who were sacked for embarking on a strike are to start work on Monday as management officially confirms their reinstatement.This was after the workers signed an undertaking to maintain industrial harmony.The workers were sacked on November 10 for partaking in a sit down ...

Scanad Ghana scoops 22 out of 51 awards at Gong Gong awards

Thursday, December 18, 2014 At the recently-held Gong Gong awards, an advertising agency, Scanad Ghana scooped 22 out of 51 awards.The advertising agency has been in existence for the past three years and handles advertising for companies such as Woodin, Vodafone, Coca Cola, and Kasapreko.The company got 19 gold award ...

Sahara Energy Breaks Silence....Over Transfer Pricing, Fraud Charges

Thursday, December 18, 2014 Sahara Energy Group has broken its long silence over various allegations on tax evasion, fraud and forging of sham companies in its operations. The Nigerian-owned oil company has been under fire for some time now for allegations of fraud, transfer pricing and dubious deals in Nigeria, Switzerland ...
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