Business

Ghana can produce enough rice to feed itself – Minister

The government cannot continue to spend its earnings on importing rice whilst it has the capacity to produce enough to feed the population, Mr Kwesi Ahwoi, the Minister of Food and Agriculture, has said. He said this on Wednesday November 24, 2010 at Sandema when he launched a "Farmers Business Book", developed by the Ministry of Food and Agriculture

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Ghana needs a larger tax base – Paa Kwasi Ndoum

Dr. Paa Kwasi Nduom, former presidential candidate for the Convention People’s Party (CPP) said the solution for more internal revenue is to broaden the tax net and lower tax rates. Speaking on GTV’s Talking Point on Sunday night, Mr. Ndoum acknowledged that taxation was very crucial to the growth of the country but insisted that it should not be done to the detriment of the citizenry

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Local Real Estate Companies To Play Role In STX Project

Local real estate companies will play a lead role in delivering housing units under the 1.5 billion dollar STX project Alban Bagbin, Minister of Water Resources, Works and Housing has said. Speaking at the inauguration of the 22 million- dollar Manet Twin Towers at the the Airport City in Accra at the weekend

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Businesses asked to position themselves when oil drilling starts

Ms Betty Bosomtwi-Sam, the Deputy Western Regional Minister, has called on businesses and individuals in the region to adopt proper measures to ensure maximum benefits as the oil fields start operating. "I wish to remind you that in a few weeks time the country will be producing oil and gas in commercial quantities, and the Western Region will be at the centre of the operation

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Ghana is Sweden’s third largest trade partner – Swedish Trade Minister

Ghana is currently considered Sweden's third largest trade partner in Sub-Saharan Africa, Dr Ewa Bjorling, Swedish Minister of Trade, announced on Tuesday at a press conference in Accra. She noted that trade relations between the two countries had steadily increased over the years, indicating increased interest among Swedish companies to strengthen business relations with Ghana

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Mahama woos Czech investors to Ghana

Vice President John Dramani Mahama on Tuesday stated that Ghana's democratic credentials, coupled with the massive improvement of the economy could serve as security and safety net for potential investors in the country. " I can also assure you that Ghana has the necessary raw materials and potentials in cocoa, timber, gold, electricity and recently oil and gas, and any investor seeking to invest in Ghana will definitely reap returns in a matter of months."

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Govt to set up regulatory body for oil and gas

The government is to establish a new body to regulate the oil and gas sector as the country begins offshore commercial production of oil from the Jubilee Field Cape Three Points in the Western Region, before the end of the year. Some core staff of the Ghana National Petroleum Corporation is expected to form the nucleus of the regulatory body

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Mining Firms Abuse Land, Communities in Ghana: report

A new report accuses mining companies of major abuses in Ghana, including land seizures, pollution, and violence against protesters. The report comes from the Human Rights Clinic at the University of Texas School of Law . It says Ghana’s government rewards foreign companies mining gold, bauxite, and manganese, but does little to protect affected communities

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Russia to release Ghana oil and gas reserves documents

The Russian government has indicated it's preparedness to make available to Ghana, classified documents on oil and gas reserves in the Voltaian Basin, if the government officially applies for them. The documents containing geological findings of the basin, were prepared by geologists of the then Soviet union in the 1960’s during the Presidency of Dr. Kwame Nkrumah

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UK supports Ghana’s Financial Management System with £12m

The United Kingdom, on Thursday, signed a memorandum with Ghana to provide the nation's public financial management system with a £12 million support towards better revenue utilisation and accountability. The Ghana Integrated Financial Management Information System (GIFMIS) is a project that aims to improve the effectiveness of expenditure

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Ghana hospitality firms win major prizes

Nine Ghanaian hospitality firms were adjudged the best out of 13 award categories at the just ended West African Tourism and Hospitality Awards in Accra. The maiden ceremony is intended to encourage improved standards in the hospitality industry in the West African sub-region

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