BUSINESS

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 …

Kumasi City Mall (KCM), the Ashanti Region’s pride in modern, one-stop retail shopping, picked up the Gold Award for Commerce and Retail business at the 16th edition of the Ashanti Business Excellence Awards held in Kumasi over the weekend. Some 25 companies, organisations and agencies operating in the Ashanti Region …

Speaker of the United States Congress, Nancy Pelosi is expected to deliver a historic address to Ghana’s Parliament today, Wednesday, 31 July 2019.The address is expected to touch on policy issues and bilateral agreements between the two countries.Also expected in the chamber will be members of the Congressional delegation who …

Government of Ghana in the late hours of Tuesday, July 30 announced the abrogation of the contract with Power Distribution Services barely six months after the company took over from the Electricity Company of Ghana. In a statement signed by Information Minister Kojo Oppong Nkrumah, it disclosed that “the decision …

Government has suspended its concession agreement with the Power Distribution Services (PDS) bringing back the Electricity Company of Ghana (ECG) in full control. More soon…. Source: Ghana| Myjoyonline.com

Former Deputy Minister for Finance, Cassiel Ato Forson has predicted that with the current fiscal challenges the country Ghana will seek a “bailout” from IMF less than two years after the exit. Speaking at a press conference in response to the mid-year budget review, the minority spokesperson on Finance expressed …

About six million rosewood trees have been cut down in Ghana for illegal export to China since 2012, an environmental group says. The rare species, which takes 100 years to grow, is mostly used to make imperial-style furniture in China. The report blames corrupt officials in Ghana for forging documents …