The government of Ghana on Tuesday, January 27 signed an oil and gas agreement with Eni and Vitol to produce an additional 1,100 megawatts of power for the country.

Barely a month into the year, the Ghana cedi has started showing early signs of losing its value to major currencies, particularly the United States dollar, a scare that is forcing the Bank of Ghana to almost double its weekly dollar float into the market.

State Housing Company gets new MD

Monday, 26 January 2015 13:52

State Housing Company's Manager in charge of Finance and Administration, Isaac Nai, has been asked to act as Managing Director following the interdiction of Mark Nii Akwei Ankrah.

The Ghana Chamber of Commerce and Industry (GCCI) and e-Crime Bureau will train corporate executives in smartphone security as part of the two organisations’ collective resolve to secure the information and communications technology needs of the business community in Ghana.

Gov’t vs labour case adjourned to Jan 26

Tuesday, 20 January 2015 20:23

The case between the 12 labour unions and government has been adjourned to January 26 following the absence of council for the bank of Ghana.

The lawyers failed to appear to defend a counter claim filed by the 12 labour unions. Government dragged 12 labour unions to court when their declared a sit down strike over their tier two pensions scheme. 

The court registrar said the Bank of Ghana was not served with the writ of hearing to appear before the court on January 20, 2015.

The case has been adjourned to Monday, January, 26.

The 12 labour unions filed a counter claim compelling the bank of Ghana to explain how much had been accrued on the second tier pension scheme..

The judge, Justice Saeed Gyan asked the court registrar to serve the Bank of Ghana before the close of this week. Counsel for the defendants was worried such delays could affect the hearing of the substantive case.

Already, the judge has directed both parties not to introduce surprise documents.

By Martin Asiedu-Dartey/

Minimum wage in Ghana up from GHC 6 to GHC 7

Tuesday, 20 January 2015 16:23

The Minister Employment and Labour Relations, Haruna Iddrissu has announced a one cedi increment in the daily minimum wage, effective January 1.

This was announced after a meeting with the National Tripartite Committee. They met to negotiate how much should be added to the GHC 6 from last year.

The percentile increment is 16.7%, an adjustment of GHC 1. The agreement had been ongoing for almost a week. Last year, the minimum wage was increased by 14.5% moving the figure from GHC 5.25p to GHC 6.

In attendance was the leadership of labour unions, institutional employers and other statkeholders in the labour sector. This means the least amount a worker should be paid is GHC 7.

By Martin Asiedu-Dartey/

New load shedding timetable soon

Tuesday, 20 January 2015 12:34

Discussions are ongoing for a new load shedding timetable to be made available in order to address the current energy shortfall, TV3 has gathered.

Ghanaian-owned international beverage company, Kasapreko Company Limited (KCL) has officially launched its new alcoholic drink called the Alomo Silver Bitters in Kumasi over the weekend.

IMF downgrades global growth forecast

Tuesday, 20 January 2015 08:29

The International Monetary Fund (IMF) has lowered its forecast for global economic growth for this year and next.

I’ll transform MMT – Acting MD

Monday, 19 January 2015 13:11

Acting Managing Director (MD) of the Metro Mass Transit Limited Brigadier General (retired) Ishmael Ben Quartey says though he does not know how long he will stay in his new position, he is committed to transforming the operations of the transport company.

Despite calls for a further reduction in prices of petroleum products to match those on the global market, the National Petroleum Authority (NPA) has maintained in its bi-weekly review on Friday, January 16.

Fidelity Bank Ghana Ltd., together with the newest member of its family, ProCredit, this past week, feted the children of New Life Orphanage in Nungua and the Home for Women and Children (HOMWAC) in the Mallam Atta market .