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Tag Archives: Government of Ghana

Fresh Judgement Debt Looming As Previous NDC Government Created A Debt Of $279 Million With Santa Baron Company Limited In A Questionable Contract

Government is under pressure to pay $279.4 million for a contract signed by the previous government or face judgement debt. Messrs Santa Baron, the company awarded the contract, which is demanding payment, says the previous government awarded a contract to purchase equipment and upgrade the security infrastructure for Ghana. A …

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Disbursement of $1 million, 1 constituency policy to begin next week

The minister for Special Development Initiatives Hawa Koomson has hinted government will next week start releasing monies for the various projects under the one million per constituency policy. The policy will temporarily be implemented through a ten member committee until the bill for the creation of the development of authorities …

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Six companies shortlisted for railway dev’t

Ghana Railway

Government has begun processes to commission feasibility studies to construct railway lines to connect to the various agricultural producing areas. According to government, six companies have been shortlisted for the contract. President Akufo-Addo upon assumption of office, identified the railways as an important economic infrastructure hence the creation of a …

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NDC government overspent budget by GH¢4.2 billion in 2016 – Auditor General’s report

Last year, the government overspent its budget by a little over GH¢4.2 billion, although its revenue fell by almost GH¢9.5 billion. The over expenditure and the shortfall in public revenue have been captured by the Auditor-General in its 2016 Report. Blaming the development on the government’s weakness in budgetary management, …

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Bank of Ghana withdraws licenses of UT Bank, Capital Bank

Bank of Ghana (BoG) has revoked the license of UT and Capital Bank. The action has been triggered by the inability of the two banks to turn around their negative capital adequacy position which has lingered on for some time now. In simple language terms, the action has been taken …

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President to lay foundation stone for cement factory in Tema

President Nana Addo Dankwa Akufo-Addo on Tuesday, August 15, will lay the foundation stone for the construction of a technologically advanced cement factory for CBI Ghana at the Tema Free Zones Enclave. When complete, the CBI Ghana plant would produce premium cement under the brand name; Supacem. A statement signed …

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Iran to construct chocolate factory as part of ‘1-district, 1-factory’

Government has signed an MOU with the Republic of Iran towards the construction of a 30,000 metric tonnes-capacity chocolate factory in Ghana. The project will be executed and managed by Shirin Arsal Food Industrial Group, a major food processing factory in Iran. The Minister for Food and Agriculture, Dr Owusu …

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