Major economic highlights in 2015

•   Mr. Emmanuel Armah Kofi Buah, Minister of Petroleum

• Mr. Emmanuel Armah Kofi Buah, Minister of Petroleum

PURC announces increases in electricity, water tariffs

The Public Utilities Regulatory Commission (PURC) reviewed electricity and water tariffs with an increase of 51.73% for electricity and 15% for water for the third quarter of 2015, effective 1st July, 2015.


Parliament okays Petroleum Revenue Management Bill

Parliament passed the Petroleum Revenue Management (Amendment) Bill, 2015 into law.


KIA CEPS exceeds revenue target

The Kotoka International Airport (KIA) collection of the Customs Excise and Preventive Service (CEPS) exceeded its revenue target for the first two quarters of this year.


Germany signs two financial agreements with Ghana

The German government signed two financial cooperation agreements with the Ministry of Finance to support the implementation of the national budget and provide long term finance for agricultural activities.


SEND-Ghana disburses GH¢121, 750.00 credits to farmers

The Chamba Community Cooperative Credit Union Limited with the support of SEND-Ghana, a non-governmental organisation disbursed a total of GH¢121,750.00 credit to some small scale farmers in the Chamba community in the Nanumba North District of the Northern Region.


African Union applauds Ghana’s inclusive approach to long-term planning

A delegation from the African Union (AU) applauded Ghana’s National Development Planning Commission (NDPC) for its inclusive approach to preparing a long-term national development for Ghana.


President Mahama calls for patronage of Ghanaian products

President John Dramani Mahama called on Ghanaians to change their mindset and attitudes on consumption of Ghanaian goods and services.


Producer price inflation falls to 2.8 per cent in October

The year-on-year inflation from the Producer Price Index (PPI) for all industry was 2.8 per cent in October 2015, representing a 2.0 percentage points decline from the 4.8 percentage points recorded in September, 2015.


GcNet presents dividends payment to government

Dr. Nortey Omaboe, Executive Chairman of the Ghana Community Network Systems (GcNet), presented a cheque of GH¢ 12 million to the Ministry of Finance as its 2015 interim dividend payment due to government.


Ghana Employers Association advocates for stakeholder dialogue on energy

The Ghana Employers Association (GEA), declared its intention to spearhead a sustained dialogue with government to consider private sector investment in the power distribution network as a way of solving the energy crisis.


Broll Ghana hosts West Africa Property Investment Summit 2015

Mr Kofi Ampong, Chief Executive Officer of Broll Ghana Limited, property managers, has described the inaugural West Africa Property Investment Summit 2015, as the milestone in the development of business in Ghana and Nigeria.


Parliament sharply divided on merits of 2016 budget

Parliament began debate on the 2016 budget statement and economic policy of government, with a markedly sharp division between both sides of the house on the merits of the fiscal plan.


Financial inclusion is critical for young people

— World Bank

Financial inclusion is critical for young people in Ghana, Ms Kathleen Beegle, the Programme Leader of the World Bank Country Office in Ghana has said.


NIC unveils new logo

The National Insurance Commission has unveiled its new logo to reposition itself and offer quality service to its clients in an effective and efficient manner.


Ireland seeks lasting business partnership with Ghana

Ireland announced the building of lasting business partnership with Ghanaian companies to be part of the country’s future growth, the Minister of Agriculture, Food and the Marine, Mr Simon Coveney said.


PURC announces major tariff increment for domestic consumers

The Public Utilities Regulatory Commission (PURC) reviewed upwards electricity and water tariffs, with hikes of 59.2 per cent for electricity and 67.2 per cent for water for domestic consumers across board.


Parliament approves

2016 budget

Parliament approved the proposed 2016 budget and financial statement of government, with emphasis to establish more Exim banks to support the nation’s export drive.


Finance Minister launches Citizens’ Budget

The Ministry of Finance launched the third edition of the citizens’ budget, which translates the 2016 national budget into seven local languages to aid easy understanding by citizens.


Government drafts new Public Financial Management Bill

A new Public Financial Management and Accountability (PFM) Bill is being drafted to replace the existing financial administration Act and its regulations of 2013.


Parliament ratifies USD One billion Eurobond

Parliament approved a request by government to raise an amount of One Billion dollars from the European Bond Market to support the 2016 budget and to finance the country’s recurrent expenditure.


Petroleum Minister receives Greater Jubilee Full Field development plan

Tullow Ghana, operators of Jubilee Field, and Kosmos, operators of Mahogany and Teak presented a Plan of Development (PoD) for the Greater Jubilee Full Field to government ahead of schedule.

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