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Trafigura petitions Finance Minister over $134m judgement debt; threatens to seize Ghana’s assets in South Africa

Trafigura’s Ghana Power Generation Company (GPGC) has petitioned Ghana's Finance Minister, Dr. Mohammed Amin Adam, over an judgment debt by the government, threatening to seize Ghana's assets in South Africa if the debt remains unsettled.The company has already taken control of one of Ghana's...

Cedi records gains against dollar, others last week; one dollar going for GH¢16.41

Following weeks of persistent devaluation, the Ghana cedi saw some gains last week against the US dollar and other major foreign currencies. An improvement in market liquidity helped this. Due in large part to seasonal demand prior to the weekends, corporate demand pressure was beginning to...

2 lucrative cocoa road projects were awarded to Bawumia’s brother in 2020 – Sammy Gyamfi hints

The National Communications Officer of the National Democratic Congress (NDC), Sammy Gyamfi, has claimed that the government awarded two profitable cocoa road projects to Resource Access Limited, a company owned by the Vice President’s brother, in 2020. According to Mr Gyamfi, these projects were awarded...

Nzema Kotoko Traditional Council Rejects Gov’t $60 Billion Petroleum Hub Project, Citing Land Ownership and Environmental Concerns

The Nzema Kotoko Traditional Area has vehemently opposed the government of Ghana’s proposed Petroleum Hub project in their region, citing concerns over land ownership, compensation, and environmental risks. Recall that, the Ministry of Energy at Half Assini in the Jomoro Municipality under the auspices of...

Google’s online search monopoly is illegal, US judge rules

A US judge has ruled Google acted illegally to crush its competition and maintain a monopoly on online search and related advertising. The landmark decision on Monday is a major blow to Alphabet, Google's parent company, and could reshape how technology giants do business. Google was...

Ghana Gas shutdown it’s Gas Processing Plant and offshore Gas Export Facilities for maintenance Work

The Ghana National Gas Limited Company (Ghana Gas) has announced that it's Gas Processing Plant (GPP) and offshore Gas Export Facilities will be shut down from 1st to 17th August 2024. The shutdown is to enable critical safety and essential maintenance works to enhance the...