‘Business & Finance’ Category

TUC cautions against bogus oil training institutions

Nov 7th, 2009 | Business & Finance

The Ghana Trades Union Congress (TUC) on Friday cautioned the citizenry to guard against the proliferation of institutions claiming to be providing skills training in the oil industry.Mr. Kwabena Nyarko Otoo, Acting Head of the Labour Research and Policy Institute of the TUC, asked the public to report any unaccredited organisation operating in the industry [...]



BP to battle ExxonMobil for Ghana oil

Oct 23rd, 2009 | Business & Finance

BP, the oil group, is considering a bid for one of Africa’s biggest offshore oilfields in a move that could pitch it into a direct battle for control with ExxonMobil, its arch US rival.
BP has held talks with Ghana National Petroleum Corporation (GNPC) about a possible joint bid for a stake in the Jubilee deepwater [...]



Every Ghanaian will benefit from oil find – Mills

Oct 17th, 2009 | Business & Finance

Mills Kente portraitPresident John Evans Atta Mills has re-echoed government’s position to ensure that the country’s oil find benefits all Ghanaians.

He said the benefits would be spr



Ghana’s Vodafone deal ‘illegal’

Oct 13th, 2009 | Business & Finance

ghana vodafon deal bbcThe sale of Ghana’s state-owned telecoms firm to UK’s Vodafone was “unconstitutional and illegal”, a leaked Ghanaian government report says.

The UK-based mobile company bought a 70% stake in Ghana Telecom (GT) and its assets for $900m (£570m) last year.

The report, seen by the BBC, said GT was undervalued and ultimately the price paid for GT was less than $267m.

President John Atta Mills had promised to investigate the controversial



Nigeria’s Oando to develop Ghana’s natgas sector

Oct 5th, 2009 | Business & Finance

Nigerian energy firm Oando said on Sunday it was selected as a partner to develop Ghana’s natural gas infrastructure from its offshore Jubilee oilfields, a project worth $1 billion.
Oando said it was among three foreign energy companies selected to work with the Ghana National Petroleum Corporation (GNPC) to build gas pipelines, processing facilities and [...]



Nigeria’s manufacturing sector and the activities of political entrepreneurs

Sep 5th, 2009 | Business & Finance

Despite the potentials of the manufacturing sector as the engine of growth, an antidote of unemployment, a creator of wealth and the threshold for sustainable development, it has suffered severe decline in its contribution to national output.
The performance of the sector in a recent report from members of the Manufacturers Association of Nigeria (MAN), the [...]



Future of Ecobank is bright – Ekpe

Jun 17th, 2009 | Business & Finance

The management of Ecobank Transnational Incorporated (ETI), parent company of the leading independent regional banking group Ecobank, on Tuesday said the future looks bright for shareholders after massive investment in infrastructure across the region.
ETI Group Chief Executive Officer, Mr Arnold Ekpe, told brokers and journalists that the company had tremendous prospects as it would begin [...]



Bank Staff Under Pressure?

Jun 16th, 2009 | Business & Finance

-‘Unrealistic’ targets affect morale
The Graphic Business research team looks at the effects of the high expectations from management on new and existing staff of some of the banks in the country YOUNG and enthusiastic employees, mostly graduates from some of the nation’s numerous universities have found it tough coping with life working as a banker [...]



Rural Banks advised to form co-operative mergers

Jun 14th, 2009 | Business & Finance

The Managing Director of ARB APEX Bank Limited, Mr Eric Osei-Bonsu, has advised Rural and Community Banks (RCBs) to form co-operative mergers to enable them survive the competitive landscape in the country.
Mr Osei-Bonsu observed that the banking sector had not only become very competitive but also risky and therefore urged RCBs to initiate policies to [...]



Aveyime rice to hit local market in a month

Jun 12th, 2009 | Business & Finance

Aveyime, June 12, GNA – Good quality local rice from the reactivated Aveyime Rice Project is to be on the Ghanaian market within a month.
Harvesting of the first 80 acres started on Wednesday and is expected to yield 200 tonnes of paddy rice or 140 tonnes of milled rice.
Tim Rasta and John Paul Barre, American [...]