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Wednesday 19 June 2013

2013-06-13

[B] World Bank approves $155 million for Ghana

2013-06-12

[B] Ghanaian Investment Co. acquires Liberian Finance Co.
[B] AfDB Governors announce Bank’s return to its headquarters in Abidjan

2013-06-11

[B] Bank of Ghana assures public of adequate supply of dollars for banks
[B] Republic Bank rules out an immediate takeover of HFC bank

2013-05-28

[B] COCOBOD to raise $1.25 billion through 5 international lenders

2013-05-19

[B] Fiaseman Rural bank declares 1,828,387.00 cedis as net profit
[B] EDAIF can boost agricultural productivity to GDP- Board Member

2013-05-13

[B] Gov't pins hopes on capital market

2013-05-10

[B] NIC to get tough on uninsured commercial property owners

2013-05-08

[B] MTN commands 65% of data market in Ghana

2013-05-06

[B] Effutu To Get Oil Refinery

2013-05-01

[B] Prestea Comes Alive…As Underground Mines Open

2013-04-20

[B] UT Bank launches Bank on Wheels

2013-04-15

[B] Remove fuel subsidies now - IMF tells Gov't  

2013-04-12

[B] Market premium not negotiable - White Paper

2013-04-09

[B] Offshore oil discovery affecting maritime security dynamics - Navy

2013-04-08

[B] Inflation will return to single digit by June – BoG
[B] Local airlines resume full capacity operations to Kumasi

2013-04-07

[B] Mining sector gives Ghana US$2 billion annually

2013-04-05

[B] Ghana to mine diamond in Zimbabwe

2013-04-04

[B] PEF now Private Enterprise Federation
[B] Tullow Oil downplays worries over possible damages to wells   

2013-03-28

[B] World Bank provides support for developmental gov’t programmes
[B] Sea water to be purified for Takoradi residents   

2013-03-22

[B] Tullow Oil apologizes to Ugandan President over false allegations
[B] GNAT bank can compete – Banking Consultant  
[B] Improving energy capacity is a must - Hannah Tetteh   

2013-03-21

[B] Barclays Bank Ghana MD resigns
[B] Tullow signs 5-year deal with FMC Technologies

2013-03-12

[B] 9% deficit reduction is not ambitious – Dr. Kwakye
[B] Access Bank temporarily closes Ring Road

2013-02-28

[B] 2013 Budget to be presented to parliament on March 5
[B] Employers Association decries high cost and access to credit
[B] Statement: GGBL launches new true Ghanaian beer, Ruut Extra

2013-02-27

[B] Gov’t is scheming to sell TOR - Minority  

2013-02-26

[B] Credit Union Bill anticipated to be passed this year
[B] British Airways is very committed to Ghana - James Wooldridge
[B] Lufthansa awarded 5-Star rating for its First Class product
[B] TOR boss, Energy Minister, make contradictory statements on TOR debt
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Business

[ 2012-05-17 ]

Ghana's oil revenue goes public today
Government’s management of revenue generated from
the country’s oil and gas resources will today
come under intense scrutiny when the Public
Interest and Accountability Committee makes public
its first detailed report.

The 13 member statutory committee was inaugurated
last year following the passage of the Petroleum
Revenue Management Act to monitor and evaluate how
the government manages and uses petroleum
revenues.

Chairman of the communications sub-committee, Yaw
Owusu Addo told Joy News today’s report will
comprehensively highlight government’s failures
and successes in the management of oil and gas
revenue.

“The laws just want to avoid situation that we
have had in other countries where oil has been
found and in our case we just want to be sure that
we dispel all notions of stealing or whatever. We
want to be transparent.

“So it is opened, everything about is there where
we got it wrong, where we got it right is all
there, and all the advice.”

Meanwhile, the Ministry of Finance has endorsed a
report released Wednesday by the Institute of
Economic Affairs that gives a perfect score of a
hundred percent for the transparent way the sector
minister has handled oil and gas revenue.

Deputy Finance Minister, Seth Tekper told Joy News
the sector Minister has done enough to deserve the
perfect score.

“We did our best to meet the stringent requirement
of the Petroleum Management Act, and yes we are
glad the report is positive on our performance in
the initial year of accounting for the oil
revenue. We will be improving as far as the
Ministry of Finance is concerned, but part of the
improvement will also come when other agencies
begin to do their work.”

Meanwhile, the Extractive Industry Transparency
Initiative has supported the finance ministry’s
commitment to further improve its transparency in
dealing with oil and gas revenues despite the
perfect score awarded the finance minister.




Source - MyjoyOnline


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