Wed, May

The New Patriotic Party government’s “One District One Factory” programme, which is scheduled to be launched next month, has received tremendous response from various investors across the globe, the National Coordinator of the policy, Gifty Ohene-Konadu, has revealed.

The decision by former President John Dramani Mahama, in 2015, to circumvent the procurement laws of the country to award a contract to his obviously favoured West Blue Ghana Ltd, for the implementation of the Single Window Project, at the ports is now causing serious problems for Freight Forwarders in the country, and also negatively affecting revenue mobilization.

The Monetary Policy Committee of the Bank of Ghana yesterday announced another reduction the policy rate by 100 basis points to 22.5 percent.

The Ghana Revenue Authority has served notice to two companies owned by embattled businessman Ibrahim Mahma to pay all their outstanding debts, amounting to GHC 12,394,803.08, with interest and penalty within two weeks, from Wednesday, April 22, 2017.

The often criticised Petroleum Commission was back under the spotlight yesterday, as sources within Tullow Oil, operator of Ghana’s only producing fields, revealed that management of the Commission were forcing them to sole source a $350m drilling contract to a company associated with the previous government.

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