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Ghana to use US$1 billion to restructure power deals

Ghana plans to use as much as $1 billion of the Eurobonds it sold last week to help restructure the country’s obligations to independent power producers, said Finance Minister Ken Ofori-Atta. The West African country is in talks to re-negotiate supply deals with the power companies known as IPPs. The …

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Bawumia to catalogue NPP’s achievements at town hall meeting today

The Akufo-Addo government will today, outline its achievements at a town hall meeting in Kumasi. The meeting will be led by Vice, President Dr. Mahammadu Bawumia will be followed by a Result Fair, where government’s major gains will be displayed in the form of pictures and videos. Information Minister, Kojo …

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GH¢6m spent on ‘Year of Return’ campaign –Ghana Tourism Authority

The Ghana Tourism Authority says it spent about GH¢ 6 million in promotion of the ‘Year of Return’ campaign in and out of the country. The Chief Executive Officer of the Authority, Akwesi Agyemang said the expenditure did not include spending on media documentaries. “We spent somewhere in the region …

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Uber acquires Egypt’s ride-hailing service Careem at $3.1 billion.

Egyptian regulators have approved Uber’s $3.1 billion acquisition of regional rival Careem, after agreeing to a set of commitments proposed by the U.S.-based ride-hailing service meant to reduce harm to competitors. The Careem acquisition was announced in March after more than nine months of stop-start talks between the two companies, handing …

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Ghana joins African States on new currency.

Ghanaian government has joined eight other African states on the decision to abandon the CFA Franc, in favour of the proposed, new common currency of ECOWAS, the ECO, beginning in 2020.  A statement by the government of Ghana stated that “We, in Ghana, are determined to do whatever we can …

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Government to soon publish investigations into banks’ collapse – President Akufo-Addo

President Akufo-Addo has said the government will soon make public, investigations into the circumstances that led to the collapse of some indigenous banks in the country. According to the President, preliminary investigations reveal that huge assets of the collapsed banks were diverted. In his Christmas message to Ghanaians, President Akufo-Addo …

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GROUP Nduom send Christmas message to Ghanaians

On behalf of the shareholders, directors, management and staff of Groupe Nduom, I want to thank each and every one of our customers for the relationship we have built over more than 30 years and particularly for the business you have done with us this year, 2019. This has been …

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No date yet for border reopening – Nigerian government

The Federal Government of Nigeria has stated that it is yet to decide a terminal date when the country’s border would be reopened to neighboring countries. The Federal Government had in August closed its borders to neighboring countries in an exercise code-named operation Exercise Swift Response. The action which had …

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