Category: Business

Crude Oil production declined in 2016

Ghana’s crude oil production recorded a decline of 13 per cent in 2016 despite the fact that the country’s second major oil production field, the Tweneboa-Enyenra-Ntomme (TEN) Field came on stream. The TEN Field came on stream in August 2016 and actually contributed 16 per cent to the annual production, but it dropped from 37.41 million barrels (mmbbls) in 2015 […]

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Africa must invest in technology for development – Minister

Africa must invest in technology for development – Minister

Africa’s development depends on its ability to understand, select, adapt, produce and commercialised scientific and technological knowledge in ways appropriate to its culture Professor Frimpong Boateng, Minister of Environment Science, Technology and Innovation has said. “For far too long, African leaders have concentrated on providing infrastructure such as roads, schools and hospitals for their people. This is not bad in […]

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‘GSCDP committed to growing SMEs’

‘GSCDP committed to growing SMEs’

Mrs Barbara Gbologah, Country Director of the Pyxera Global implementing the Ghana Supply Chain Development Programme (GSCDP) says the programme is committed to growing Small Medium Enterprises (SMEs) to perform favourably in the extractive sector. She said, “Our quest to develop and support SMEs to grow within their various supply chains is a passion dating back to our very first […]

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Capital Bank builds capacity of clients

Capital Bank has organised a training programme aimed at building the capacity of over 100 of its trade clients on the regulatory framework governing trade transactions. The event was also used to reward trade clients who have distinguished themselves over the past year, a release issued by the Head of Marketing and Communications, Nana Yaw Kesse, copied to Times Business […]

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AfDB funded projects to benefit 20 million Africans

Information and Communication Technology (ICT) and Transport projects financed by the African Development Bank (AfDB) in 2016 will have a positive impact on the living conditions of close to 20 million Africans over the next few years. The AfDB made this forecast in the Annual Report of the Infrastructure, Cities and Sustainable Development Department of the AfDB, published on June […]

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Gov’t urged to support manufacturing companies

Gov’t urged to support manufacturing companies

The Managing Director of GHACEM, Mr Morten Gade has called on the government to take stringent measures to protect local manufacturing companies from unfair trade practices. He observed that manufacturing companies play significant role in supporting government’s developmental agenda through employment generation and the payment of duties and taxes as such needs to be protected by frowning on players who […]

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NIB donates medical equipment to the Southern Command

NIB donates medical equipment to the Southern Command

The National Investment Bank (NIB) has presented medical equipment to the medical facility of the Southern Command of the Ghana Armed Forces at Kpeshie. The equipment valued at about GH¢87, 000.00 included, an Urit 300 Haematology and Mind Ray Chemistry Analyser. These analysers were donated together with a computer and accompanying UPS. Presenting the equipment on behalf of NIB, the […]

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Ghana’s gold production records marginal drop

Ghana’s gold production records marginal drop

Ghana gold production last year dropped from 95.1 tonnes in 2015 to 95 tonnes, the President of the Ghana Chamber of Mines (GCM), Kwame Addo-Kufuor has said. Mr Addo Kufuor who disclosed this at the 89th annual general meeting of the GCM in Accra attributed the drop to inadequate investment in the sector. It was on the theme, ‘Sustaining business […]

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ABL commemorates World Environment Day

ABL commemorates World Environment Day

Accra Brewery Limited has commemorated World Environment Day, with a call on Ghanaians to desist from practices that degrade and pollute the environment. The high point of the commemoration was a donation of GHȻ10,000.00 worth of sanitation equipment to the Adabraka community, prior to joining some residents to clean up portions of the Graphic Road in Accra. The Country Director […]

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Ghacem pays 8m dividend to government

Ghacem pays 8m dividend to government

Ghacem Limited has presented a cheque for GH¢3.5million to government representing a final dividend payment on its 2016 accounts The company had earlier presented GH¢4.5million as interim dividend bringing to a total of GH¢8 million as final dividend payment by Ghacem for the 2016 financial year. The dividend represents government’s 400,000 shares held in the company. Mr. Morten Gade, the […]

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