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Showing posts from October, 2013

Tullow Ghana hand over two projects to Legon Hall

Bank of Africa Group celebrates 30th Anniversary

GCB and MD win Africa Investor Capital Market Award

Tema Development Corporation for sale

The government is taking steps to convert the status of the Tema Development Corporation (TDC) to a limited liability company to empower it to operate anywhere in the country to help bring sanity in the country’s development schemes.

The Minister of Water Resources, Works and Housing, Alhaji Collins Dauda, made this disclosure at the corporation’s third Annual General and Stakeholders Meeting (AGM) at Tema.

He commended the corporation for its effort in meeting the economic challenges in the industry and added that: “you need to be commended for your foresight.”

The TDC declared a profit of GH¢10.6 million as at the end of December 2012, as against GH¢4.3 million profit in 2011. The corporation also generated gross income of Gh¢28.9 million in 2012, representing an increase of 82.9 per cent above GH¢15.8 million in 2011.

Alhaji Dauda urged the Tema TDC to use all legal means available to ensure that people comply with the payment of fees associated with plot regularis…

Tariffs can’t go below 60% - Technical group

The Technical Working Group (TWG) on Utility Tariffs has stated that a 50 per cent increase in the price of electricity is not sustainable.

This is because the revenue that will accrue from that increase will not be able to cover the production and transmission cost.

The analysis made by the TWG indicated that in order to cover at a minimum the cost of generation and transmission, tariff adjustments above 60 per cent might be necessary, taking into consideration the need to minimise the negative budget implication.

The recommendations were contained in an interim report that the TWG presented to the government yesterday.

The Chairman of the TWG, Dr Joe Abbey, presented the report to the Chief of Staff, Mr Prosper Douglas Bani, at the Flagstaff House.

Present at the presentation was the Minister of Finance, Mr Seth Terkper.

The TWG was constituted by the Vice-President, Mr Kwesi Bekoe Amissah-Arthur, following the increases in utility tariffs by the Public Utilities Regul…

Government needs US$4 billion to solve energy crisis

Ghana's energy crisis will be over if government can fund it with US$4 billion, the Technical Working Group set up by government has said.

The astronomical figure will permanently erase the cyclical crisis that has plagued the country for decades, the group said, adding that a bonus benefit of solving the power crisis was that it will naturally help solve another perennial utility problem - water.

A technical committee was set up by President John Dramani Mahama in reaction to strong public opposition to "steep" increase in electricity and water tariffs by 78% and 52% respectively.

The Committee was composed of representatives from Ghana Employers Association, Association of Ghana Industries and Private Enterprise Federation as well as the Utility Companies including Volta River Authority, Electricity Company of Ghana, Ghana Grid Company Limited and Bui Power Authority, Public Utilities Regulatory Commission among others.

It was to examine "possible …

Poultry farmers want business from feeding programme

The Ghana Poultry Farmers Association has appealed to the government to expedite action on a proposal which seeks to introduce eggs to the daily meals of school children under the School Feeding Programme.

Mr. Stephen Owusu, Brong Ahafo regional chairman of the association, repeated the call at a durbar of chiefs and people of Asunsu No.1 in the Dormaa Municipality of the Brong Ahafo Region. The gathering was part of a nationwide advocacy campaign to highlight the potential of adding eggs to the feeding programme.

Government in collaboration with the Dutch government in 2005 initiated the Ghana School Feeding Programme (GSFP). Its stated long-term goal is to contribute to reducing poverty and enhancing food security in Ghana.

It also seeks to achieve the objectives of boosting domestic food production, increasing school enrolment, attendance and retention among kindergarten and primary school children, and reducing hunger and malnutrition, thus contributing to the achie…

Samsung Ghana sponsors Ghana Journalists Association awards with Galaxy S4 Zoom