IMF fingered in amendments to Pensions Act

Friday, 19 December 2014 06:01

Executive Secretary of the Industrial and Commercial Workers Union (ICU) Solomon Kotei says the recent amendments sought by the Ministry of Employment and Labour Relations as regards the National Pensions Act of 2008, Act 766, is one of the prescriptions of the International Monetary Fund (IMF).

President John Dramani Mahama has inaugurated a nine-member board for the Public Utilities Regulatory Commission (PURC), charging it to prosecute the agenda to make Ghana a power hub in West Africa.

The Vetting and Appointments Committee of Parliament has approved Pru East Constituency Member of Parliament (MP) Dr Kwabena Donkor as head of the recently created Ministry of Power.

The Electricity Company of Ghana (ECG) has begun consultations with stakeholders regarding options available in the wake of reports of privatization under the Second Millennium Challenge Compact.

The Ghana Gas Company says it is “currently supplying the Volta River Authority (VRA) with gas at 50-53 million standard cubic feet per day (50-53MMSCFD), which is generating between 150-200 MW of power at Aboadze.

Vodafone Ghana has marked the first anniversary of its premium product Vodafone Red with a reward campaign dubbed ‘Red X’mas’ for both existing and new subscribers.


Kumasi airport opens to night flights

Tuesday, 16 December 2014 16:42

The Kumasi airport has now been opened to night flights after the rehabilitation of its runway and installation of aeronautical ground lighting system. President Mahama who commissioned the project was optimistic this would open the Ashanti region to international flights, enhance accessibility and boost trade.

Felix Dela Klutse, the Managing Editor of Business Day Newspaper was adjudged the 2014 Best Business and Financial Journalist during the first edition of the prestigious IFEJ-Flamingo Awards for business and financial journalism held at World Bank’s offices in Accra last Friday.

Reduce fuel prices now – Gov’t told

Monday, 15 December 2014 14:58

The New Patriotic Party (NPP) has called for the immediate reduction of fuel prices by government as it claims the cost of living “has been unbearable for the vast majority of Ghanaians”.

The Executive Board of the International Monetary Fund (IMF) is yet to consider an economic programme for the country as it is yet to receive proposals from staff working on that.

The Volta River Authority (VRA) has hinted that it will drag the Electricity Company of Ghana to court next year, to retrieve a one billion cedi debt owed by the latter.

Chief Executive Officer of Bui Power Authority Jabesh Amissah-Arthur says the complexity of Ghana’s energy challenges cannot be solved by a single plant.