Government freezes payments to independent power producers

Government has placed a temporary freeze on payments to independent power producers as it bids to renegotiate power purchasing agreements signed with the previous administration. A statement by the Finance Ministry on 20th September 2019, announced this development further reiterating the establishment of a steering committee under the Energy Sector …

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How a businessman was duped right inside the Jubilee House

A Kumasi-based businessman has recounted how one Nana Fredua Agyemang of the Confiscated Assets Committee operating at the Tema Harbour duped him of GH¢ 20,000 right inside the Jubilee House, MyNewsGh.com reports. He says the said Fredua, who claimed to be one of the aides of the Executive Secretary to …

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Government abrogates Akwatia mine contract

The government has abrogated the contract awarded to Great Consolidated Diamonds Ghana Limited (GCDGL) in 2011 to mine diamonds at Akwatia for breach of contract. The company failed to fulfil its core mandate of paying $17 million to the Divestiture Implementation Committee (DIC), as well as rehabilitating and refurbishing facilities …

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Newmont Goldcorp ranked top gold miner on DJSI

Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) has been ranked as the top global gold mining company on the Dow Jones Sustainability World Index (DJSI World) for its leading environmental, social and governance (ESG) performance. This represents the 12th consecutive year the company has been named to the list. Newmont was the first …

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August inflation 7.8%

The inflation rate for August 2019 was 7.8 per cent, the Ghana Statistical Service (GSS) has announced. Acting Government Statistician, Professor Samuel Kobina Annim, said at a press conference on Wednesday, 18 September 2019 that the food and non-alcoholic beverages group recorded a year-on-year inflation rate of (8.2) per cent; …

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