Category Archives: Ghana News
The trade of contaminated oil by Ghana’s Bulk Oil Storage and Transportation Limited (BOST) has gone through several proceedings by the general public and formal investigation units in Ghana to help clarify and deduce any illegal or crime associated with the sale of 5 million litres of contaminated fuel to Movenpiina Company Limited. The state’s Bureau of National Investigations (BNI), after investigation, has cleared the case and concluded that there was no offense in the trade. Despite this announcement, the minority in parliament has described the decision as a seed of corruption on the path of the BNI.
According to the BNI, A lab test of the contaminated fuel from the Tema Oil Refinery indicated that out of the options available, selling the product for industrial purposes such as asphalt processing, texture and cement manufacturing was the best. This option was recommended to the MD because TOR is not refining currently and the laboratory result clearly stated that treating it would not give the required quality of AGO (Diesel).
An advocacy group has also released a paper as a response to the BNI in a quest to seek a more just response on the BOST contaminated fuel trade and also calling on the current government to act on the issue.
The study details how official and unofficial fees and charges associated with trade impact Ghana’s trade volume, government revenues, and private sector viability
South Africa’s hospitality sector is poised for further growth in the next five years bolstered by inbound travelers amid a difficult and volatile economic climate.
The African Innovation Foundation (AIF) announced the top 10 nominees who will be contending for the 2017Innovation Prize for Africa (IPA), to be awarded in Accra, Ghana on 18th July 2017. Innovators from nine African countries including Democratic Republic of Congo, Egypt, Kenya, Liberia, Morocco, Nigeria, South Africa, Uganda and Zimbabwe have been shortlisted for the prestigious Prize.
Ghana will be witnessing the development an industrial business center officially unveiled as The WestPark which will be a center for industries to manufacture products locally and also engage in business comfortably to aid in the development of West Africa’s growing market. The WestPark was officially announced during the G20 Africa Partnership Conference in Berlin by the developers, BlackIvy – company that build and grows logistics and infrastructure solutions for emerging economies and businesses that serve the needs of the growing middle class. The project is estimated to cover an area of 405 acres and situated in Takoradi, along with the coast of Ghana. Germany’s Robert Bosch GmbH and Kärcher GmbH & Co. KG, America’s sports apparel manufacturer DTRT Apparel Ltd. and Ghana’s Quantum Group are strategic partners of the WestPark project. The partners are positive that this project will increase employment opportunities and ease trade growth within the West African region.
ENGIE (www.ENGIE-Africa.com) and eleQtra (www.eleQtra.com), a developer of power and transportation projects in sub-Saharan Africa, signed a Joint Development Agreement that defines the terms and the schedule for the development and construction of the 50 MW Ada Wind power project in the Greater Accra Region in Ghana. The project is expected to require an investment of approximately $120 million and to start operations early 2019. ENGIE will enter as a 40% partner in the project.
Three African renewable energy projects announced as winners of the US$7million Access Co-Development Facility competition
The three winning projects, hailing from Tanzania, Rwanda and Ghana, were selected from a technologically and geographically diverse pool of 82 entrants from 23 countries after having presented to a live panel of industry expert judges. The panel based their final selection on the commercial, technical and environmental merits of the projects presented, as well as the local regulatory environment and capability of the project teams. The winners will share the US$7 million pot provided by the Access Co-Development Facility as well as technical support and expertise.
2016 saw a boom of property and real estate development in many African cities with Mauritius capitalizing on property ownership and expanding the countries per capita wealth. These developments are happening on the fast rise and thus, a need for a sustainable strategy for managing the sector in Africa for a prolonged benefit. On August 24th and 25th 2017, API Events (www.APIevents.com) will be holding the 8th annual API Summit & Expo (www.APIsummit.co.za) in Johannesburg. The 2017 API Summit and Expo promises to delve in-depth into each of these topics, and more, with participation from over 35 countries, 600 delegates and 250 companies, providing insights, thought-leadership and solution-focused tools.
Alumni of Australian funded mining course studies in West Africa have met in Accra to share knowledge and understanding of current challenges and opportunities in the region on attracting responsible mining investment and sustainable development. Ghana’s Minister of Lands and Natural Resources was present as a speaker and also Mr Henry Antwi, Head of Mining and Metals at Oman Oil Company, and Dr Kojo Busia Coordinator African Minerals Development Centre. During the minister’s speech, he mentioned that “Investing in West African mining for sustainable regional development.” Mr Andrew Barnes, Australian High Commissioner also mentioned at the forum that, “Australia is pleased to support development of the necessary skills in Ghana through our various scholarship programs and exchanges. Through their studies and experiences in Australia, Australian alumni bring cutting edge knowledge and skills to their jobs in the mining industry to the huge benefit of their countries.” The session focused on areas such as investment promotion, regulatory frameworks and incentives, political risks, social license to operate, local content, and transparency of information.
Upon completion, GE’S Bridge Power Plant will be Africa’s first LPG fired power plant and the world’s largest plant of its kind. 400 megawatt (MW) greenfield project will be Africa’s first liquefied petroleum gas (LPG) fired power plant and world’s largest plant of its kind. The project will produce enough to supply about 17%of Ghana’s energy demand while providing solutions to some of the country’s long-term energy requirements. The system will operate on a fuel-flexible plant which is capable of running on LPG, natural gas and diesel. The first phase will generate 200 MW of power and an additional 200 MW of power will be deployed in stage two of the project.
SWIFT Innotribe which launched in 2009 as an innovation hub to connect people, ideas, and networks, has 10 startups to compete in the 3rd edition of the Startup Challenge for Africa.
President Nana Addo Dankwa Akufo-Addo has revealed that his government is putting in place measures to ensure that small-scale mining is conducted in a sustainable manner.
The International Organization for Migration (IOM) is sounding the alarm today after its staff in Niger and Libya documented over the past weekend shocking testimonies of trafficking victims from several African nations, including Nigeria, Ghana and the Gambia
Among the 21 reports presented, four are from West Africa: Cabo Verde, the Gambia, Ghana and Nigeria