African American preacher, author and radio talk show host David Anderson talks to Leslie Dwight MENSAH about reconciliation and why Ghana should fan the flames of unity. The sun is setting in Accra as I enter the foyer of one of the city’s prime hotels to meet with Dr. David Anderson, a man who teaches the art and principles of reconciliation from the pulpit, on radio, in books, and through interacting with people in different nations across the world. A man of many parts, David pastors a church
Government is seeking to own at least 51 percent of the proposed new national airline as it begins the search for a private partner following the appointment of PwC as a transactional advisor on Wednesday. The Ministry of Transport, after a competitive tender process, selected PwC -- an international consulting firm -- to among other issues advise on a private partner, to manage operations of the national airline in line with government’s Public-Private Partnership (PPP) agenda. PwC is expected
ZEN Petroleum, an indigenous oil marketing company in the country, has asked the National Petroleum Authority (NPA) and the Ministry of Energy and Petroleum (MoEP) to intervene with policies to help grow indigenous businesses in the downstream oil sector to ensure profit retention as against the capital flight by the multinationals companies. The Oil Marketing Companies (OMC) business in the country is valued at some US$40million a year and it is currently dominated by multinationals -- with Shell
The US-Africa Summit reflected the progress we have made toward establishing Africa as an attractive destination for investment on the world stage and that was certainly encouraging. But it also illustrated how much remains to be done. The summit, convened by President Obama, was a major undertaking. It brought together the leaders of nearly African nation and the continent’s business leaders, and enabled them to engage in meaningful dialogue with U.S. policymakers and business leaders. What
President of the Pharmaceutical Society of Ghana (PSGH) James Ohemeng Kyei says the local pharmaceutical industry is seriously threatened by the influx of fake drugs, which is gradually affecting the business of genuine drug manufacturers in the country. “It is very threatening the situation that we find ourselves in currently; we have drugs on the Ghanaian market today that are either counterfeit or sub-standard, and the industry is very worried about this trend. “The situation is invariably
In an age of real-time investment funds management, the Bank of Ghana (BoG) has been executing trades from the Heritage and Stabilisation Funds manually -- all for the want of US$200,000 software, the B&FT has learned. “Our greatest challenge is with the systems. We do not really have systems we use in trading and in generating reports. So these are done manually,†Richard Assan of the Petroleum Funds Secretariat at BoG told the B&FT on the sidelines of a forum on accountability reports
The World Bank Group says it stands ready to provide the financial support and requisite expertise to build the capacity of the local private sector to enable it actively engage in the provision of public infrastructure. Though the country adopted a PPP policy in 2011 as a means to leverage private sector funds to address its infrastructure needs, the full participation of the local private sector has been hindered by its inability to mobilise the huge funds required for these big-ticket transactions. Yusupha
Commercialisation of agriculture-related businesses is the surest way to attract investment into the sector, create jobs and reduce youth unemployment in the country, Stephen Gyasi-Kwaw, founder of Ghana Institute of Entrepreneurship Development has said. Mr. Gyasi-Kwaw, who was speaking at a three-day Agribusiness Entrepreneurship Boot-camp in Accra said: “Agric is one of the surest ways to create reliable employment and drive economic growth, but over the years we have failed to value-chain and
The Ghana Immigration Service (GIS) has arrested 43 foreign nationals engaged in illegal mining activities, also known as “galamseyâ€Â, in restricted forest reserves of the country’s Northern Region. The mainly ECOWAS nationals were among 45 illegal miners busted earlier this week by the GIS Intelligence group in a swoop at the Bole district in the Northern Region. According to GIS officials, 43 out of the miners were identified as foreign ECOWAS nationals who had entered the country through
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