BUSINESS 

Review contract with Meridian Port Services – TUC

The Trades Union Congress (TUC) has appealed to the government to review the contract between Ghana and Meridian Port Services (MPS) which was signed in 2015 because its execution can lead to massive job losses in the maritime industry. “Our understanding is that the Ghana government signed a 35-year contract with MPS in 2015 which allows MPS to effectively monopolise… Read More
BUSINESS 

Cedi falls to record low as foreign investors shun Ghana bonds

Ghana’s currency slumped to a record against the dollar after a dovish tilt by the nation’s central bank reduced the appeal of fixed-income assets, sapping foreign-investor demand for the country’s bonds. The cedi has weakened 11 percent this year, the most among more than 140 currencies tracked by Bloomberg after the central bank unexpectedly cut its benchmark rate in January… Read More
BUSINESS 

Be agents of economic independence – UK Commissioner

Papa Owusu Ankomah, Ghana’s High Commissioner to the UK, has charged Ghanaians studying in UK universities to be agents of Ghana’s economic independence. Mr. Ankomah challenged the students to put the skills, habits and experience they have acquired in UK’s educational institutions at the disposal of Ghana developmental agenda since that would be key to realising the “Ghana Beyond Aid”… Read More
BUSINESS 

Any investment scheme promising over 20% return is exhibiting fraudulent traits – SEC

The Securities and Exchange Commission Ghana (SEC) is reiterating its caution to the general public to be guarded against investment entities which promise mouth mothering returns too good to be true. Deputy Director of SEC, Paul Ababio noted with any investment scheme which promises twenty percent interest when the inflation rate is nine percent is unsustainable. He stated any potential… Read More
BUSINESS 

Tema Shipyard ready to be West Africa’s leading ship repairs company

The new life at the Tema Shipyard Limited, among other things, has put the facility in pole position in the sub-region to become the number one heavy steel and aluminum fabrication and dry docking and repair works yard. What is more, the Tema Shipyard Limited has received an International Organisation for Standardisation (ISO). Like 2017, a total of 34 ocean-going… Read More
BUSINESS 

14 oil companies invited to submit bids for five oil blocks

The Ministry of Energy has given greenlight for fourteen (14) companies to submit their bids for the five oil blocks government has offered for competitive bidding. The companies were selected after they satisfied the pre-qualification requirements This was contained in a statement signed by the Head of Communications and Public Affairs at the Ministry of Energy, Nana Kofi Damoah. The… Read More
BUSINESS 

ECG rakes in over GH¢21.5m from illegal power connections

The Electricity Company of Ghana (ECG) retrieved more than GH¢21.5 million from individuals and companies which had illegally connected electricity to their premises in the Ashanti Region in 2018. The amount covered 17.75 million KWh of power stolen. Apart from the money recovered, about GH¢7 million was yet to be paid to the ECG by others who were also caught… Read More
BUSINESS LOCAL NEWS 

Govt to help pay back Menzgold customers by selling off seized assets of NAM 1

Whereas government is firm in its decision not to use a single dime of Ghanaian tax payers’ money to pay aggrieved customers of Menzgold, MyNewsGh.com is reliably informed that government has taken a decision to track down all assets and personal investments of Nana Appiah Mensah to reimburse the customers some percentage of their investment. EOCO in the coming days… Read More