Although Ghana’s economy is going through tough times, it remains conducive for foreign investment, Seth Adjei-Baah President of the Ghana Chamber of Commerce and Industry (GCCI), has said. Speaking at the second International Building and General Trade Exhibition in Accra, he implored Turkish exhibitors and investors not to be discouraged by the current economic challenges that the country is facing but rather take advantage of the huge opportunities that exist in some key sectors of the economy

Joyce Awuah, an Employment Services Manager of MTN, has said data from theWorld Bank indicate that only 2 percent of the 250,000 youth in the country’s labour force succeed in landing jobs in the formal sector. She said the fact that some youth have ventured into fraud and other social vices mirrors the scarcity of formal jobs in the country. MTN Ghana has therefore taken the initiative to help and inspire young unemployed citizens and graduates to find jobs or create their own jobs amid the ailing

Asanko Gold Inc. has announced a settlement agreement with a private Ghanaian company, Goknet Mining to eliminate Goknet's claim for a 2% net smelter return ("NSR") royalty on Phase 1 of the Company's flagship Asanko Gold Mine Project. The only material royalty now applicable to Phase 1 of the Project is the Government of Ghana's 5% NSR royalty. The financial terms of the Agreement are confidential; however they are not considered material to Asanko. The settlement involves

The Ghana Ports and Harbours Authority (GPHA) could handle a combined container capacity of one million Twenty-Equivalent Units (TEUs) by close of the year at the Tema and Takoradi ports, with best estimates showing the figure could double by 2028, Marketing and Corporate Affairs Manager Paul Ansah-Asare has disclosed to the B&FT. The bright prospects, he said, are due to the consistent surge in container traffic to the two ports over the last four years and ongoing expansion projects which are

The Environmental Protection Agency (EPA) has raised red-flag over the increasing death of whales along the coast, saying Ghana risks oil sanctions if adequate measures are not instituted to curb the trend. It said there has been a remarkable increase in the incidence of the beaching of whales and dolphins on the coast of Ghana from 2009 and 2014 -- recording 24 deaths with 20 occurring in the Western Region, three in Greater Accra and one in the Central Region. Professor P.K. Ofori Danso, Chairman

The Volta River Authority (VRA) is close to signing a gas-purchasing agreement with three other gas producers in Nigeria, outside the NGas consortium, for a supply of the commodity to power its thermal plants. The deal forms part of measures taken by the Authority to increase the volume of gas supplied from Nigeria in the wake of erratic supply by NGas. NGas, made up of Chevron, Shell and the Nigerian National Petroleum Corporation (NNPC), has a gas supplier agreement with Ghana to supply 120 million

Erratic power supply from Nigeria via the West Africa Gas Pipeline, the delay in bringing on stream the country’s own gas, and the huge cost involved in running thermal plants on light crude oil have necessitated the need for alternative sources of fuel. Power supply from Nigeria fell to as low as 50 million standard cubic feet last week -- 70 million standard cubic feet short of the contractual volume of 120 million standard cubic feet of gas. The insistence on the contractual volume is hindered

The power sector has been dissected by many as experts attempt to diagnose the main challenges plaguing the sector and find the appropriate remedy. The sector faces enormous operational challenges, below-par tariff, and significant system losses, have come under intense scrutiny in recent times. While the public is dissatisfied with the perennial power outages, Independent Power Producers (IPPs) and the Volta River Authority (VRA) are unhappy about one member in the power production, supply and