BUSINESS

  Exclusive documents secured by Joy News reveal that Power Distribution Services (PDS) paid the required $12.2 million premium to secure guarantee to finalise the takeover the Electricity Company of Ghana (ECG). However, the documents again reveal that the money never got to the reinsurers in Qatar. In the letter …

Transport operators in the country are scheduled to meet on Friday, August 2 to deliberate on whether to increase transport fares following the announced increment in the Energy Sector Levy effective today. Finance Minister Ken Ofori-Atta while presenting the 2019 mid-year budget review to parliament on Monday announced increment in …

The Supreme Court yesterday ruled that the grant of three mining leases in favour of Exton Cubic, the company belonging to Ibrahim Mahama, younger brother of former President John Mahama, is null, void and of no effect. It has, therefore, cancelled the mining lease granted Ibrahim to mine bauxite in …

Kwame Nkrumah led Ghana to independence in 1957 – the first country in sub-Saharan Africa to achieve this feat. He’s still remembered for his unrepentant anti-colonial stance and strident Pan-Africanism. Above all, he is regarded as one of Africa’s ablest statesmen of the 20th century. Nkrumah has been ranked among leaders such as Vladimir …

Dr Mathew Opoku Prempeh, the Minister of Education, has announced that Cabinet has approved proposals for a review of academic user fees of students. He said this was done last month and have been forwarded to Parliament for ratification. Dr Prempeh said this in a speech read on his behalf …

A pioneering app in South Africa lets investors, eager to benefit from rising global beef demand, buy shares in a cow from their mobile phone for as little as 576 rand ($41). Self-styled “crowd-farming” company Livestock Wealth connects investors with small-scale farmers via its “MyFarmbook” app, where they can buy …

The Minister of Energy, Peter Amewu fears cancellation of the concession agreement with Power Distribution Services Ghana (PDS) could come with some consequential loss. In an exclusive interview with TV3 on Wednesday, the minister said Ghana may not be able to access part of the second Millennium Challenge Corporation Compact …

There was drama at the Sekondi High Court 2 in the Western Region Wednesday, when a mother of one of the kidnapped girls slapped the suspect, Samuel Udoterk after he pleaded not guilty to the crime. Comfort Arhin, mother of Ruthlove Quayson, distressed by the suspect’s refusal to disclose where …

The management of Power Distribution Services (PDS) has stated that the company has always acted in good faith with the contract it signed with the Government of Ghana.The government on Tuesday suspended the power deal it signed with PDS.The decision was communicated via a press release by Information Minister Kojo …

The Supreme Court has ruled that mining leases granted to Exton Cubic owned by Ibrahim Mahama is invalid, void and of no effect. The Court also held that the lease granted Exton Cubic did not comply with mandatory statutory provisions of the Minerals and Mining Act and article 268 of …