The Volta River Authority (VRA) and four companies -- outside the NGas consortium -- based in Nigeria are close to signing a gas sales agreement for the supply of gas via the West African Gas Pipeline to power its thermal plants. The four companies are: ND Western, which bought Shell’s asset in Nigeria Gas; Network Oil; Constant Capital; and Sahara Oil. The authority has also agreed a long-term deal with Gasol LNG Import Limited for supply of gas to the largest power generator for electricity
Entomologists working on the Global Pollination Project (GPP) in the country have cautioned farmers to desist from destroying pollinators -- especially bees and flies -- in order to boost farm yields. They argued that bees, flies and other pollinators in the farm need to be protected during spraying exercises -- as using “unnecessary†mass-spraying methods to destroy the insects that help crops to blossom affects agricultural output. “Increasing the presence of pollinators can definitely increase
The Special Assistant on Export at the Ministry of Trade and Industry, Gerald Nyarko Mensah has encouraged agriculturalists and entrepreneurs in the country to take advantage of the huge potential that exist in the horticultural and floricultural sectors. Speaking at a conference organised as part of the events marking this year’s Ghana Garden and Flower Show in Accra, he said several business opportunities exist in the two sectors across the various supply chainâ€â€from planting materials to shipmentâ€â€and
Manufacturers have been raising their prices at the fastest pace in years in the wake of soaring utility bills, rising transport costs, and higher prices of raw materials. According to data on producer price trends issued by the Ghana Statistical Service on Wednesday, July prices of manufactured goods stood at 40.3 percent more than a year ago, showing how multiple economic challenges – including high taxes, expensive cost of credit, and rising input costs due to the cedi’s depreciation – threaten
Mobile telecommunication companies have spent more than GH¢80million over the last three years to repair fibre-optic cables that were damaged through various activities, the Ghana Telecoms Chamber has reported. The number of fibre-cuts in the industry has seen an exponential increase -- from 480 cuts in 2011 to 2,110 in 2013 -- and the situation for the first half of 2014 does not look any better as operators have already suffered 1,304 cuts. In the first half of the year, MTN, the largest mobile
SGL Royal Kapita, an investment advisory firm, has formally commenced operations with a promise to transform the investment banking industry with carefully-thought out strategies. Addressing journalists at the launch, the firm’s Chief Executive Officer Dr. Bernard Tetteh-Dumanya, said the company is “not coming to add to the numbers in the investment advisory industry, but rather, to be a trendsetter in new and groundbreaking ways of conducting the investment banking business in Ghana, Africa
The number of people who have ported their mobile phone lines since Mobile Number Portability (MNP) was introduced in the country will reach two million in the next four months as interest in the service continues to surge. As at the first week of July this year, more than 1.65 million porting requests – representing 6 percent of the country’s 29.2 million mobile phone subscriptions – had been completed. According to the NCA, which released a report on Wednesday to mark three years of Mobile
The second edition of the Western Business and Investment Fair (WEBIF) has kicked-off in the Oil City, Sekondi-Takoradi, on the theme ‘‘Promoting Trade and Investments through Effective Business Networking.’’ Over 35 exhibitors made up of businesses in trade, insurance, manufacturing, finance, agriculture, food and beverages, as well as educational institutions are participating. The four-day event seeks to draw trade and investment into the region and promote effective networking between
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