BUSINESS

The coronavirus has led to the cancellation of some petroleum contracts, the Chief Executive Officer of the National Petroleum Commission, Egbert Faibille Jnr., has disclosed. Egbert Faibille also indicated that the impact of the COVID-19 induced contract cancellation affected local jobs in the oil and gas sector. “The consequential effect of the …

President Nana Akufo-Addo has launched “For Better Business Together (4BBT)” programme to help the country in achieving the Sustainable Development Goals (SDGs) and ensure COVID-19 economic recovery. The initiative, under the auspices of the Ministry of Business Development of Ghana, the International Chamber of Commerce (ICC), United Nations Development Programme (UNDP) and …

Ninety-eight upstream oil and gas contracts valued at $389 million, have been cancelled due to the outbreak of the coronavirus disease (COVID-19). Contracts awarded by Aker Energy, AGM, Eni, GOSCO and Springfield between the fourth quarter of last year and the first quarter of this year were affected. As a …

In 2019 Ghana National Famers Day Awards, Lotte Company Limited was adjudged as deserving recognition for promoting Ghana Cocoa. However, Lotte was unable to attend the 35th National Farmer’s Day Celebration held in the Volta Regional Capital, Ho, on 6th December, 2019.    During this year’s National Farmers’ Day celebration, …

Police are reportedly investigating a burglary at Cristiano Ronaldo’s home in Madeira, Portugal.   The thief is said to have got into the property in the island capital Funchal through an open garage door.   A signed Juventus shirt is said to have been among items taken. A relative of …

The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 951,000 barrels for the week ending October 2. Analysts had predicted an inventory build of 400,000 barrels. In the previous week, the API reported a draw in crude oil inventories of 831,000 barrels, after analysts …

Days after staff and union leaders of the Ghana Airport Company Limited hoisted red flags and banners at the company in demand for removal of their Managing Director for the company Yaw Kwakwa, their colleagues from the Ghana Civil Aviation Authority are also embarking on a protest over encroachment of …

A group calling itself the Tricycle Operators Association in the North East Region has described former President John Mahama’s promise to legalise okadas as an attempt to put them out of business. Addressing a press conference at Nalerigu on Monday, Makom Binjensheim Abu, the interim president of the association, said …

The world is advancing in terms of car technology. In the same fashion, Ghana’s own car making company, Kantanka Automobile Limited is also bringing in the latest technological advancement in the vehicles they produce. Recently, Kantanka Automobile produced its own electronic vehicle which is yet to hit the market. Now, …

Premier League clubs have spent £1.218bn on signings during the transfer window. But who will be the happiest with their business? You can also have your say at the bottom of this page. Big winners Ollie Watkins started to repay his £28m transfer with a hat-trick in the 7-2 thrashing …