HopIn Academy, a pioneering innovation hub, orchestrated a spectacular event that promises to redefine the economic landscape of Northern Ghana. The “Northern Social Enterprise Network Trade Fair” held at the…

Dr. Arnold Mashud Abukari, the Executive Director of the Africa Research Center for Information Security (ARCIS) and a Senior Lecturer at Tamale Technical University (TaTU), has raised a red flag…

Dr. Owusu Afriyie Akoto, a flagbearer candidate for the New Patriotic Party (NPP), declared that if elected president of Ghana, he would form an agriculture management committee. He clarified that…

As the watchdog for the responsible handling and application of petroleum earnings, members of the Public Interest and Accountability Committee (PIAC) have chosen Emerita Professor Elizabeth Ardayfio-Schandorf, who represents the…

The Sorugu Asheba Shea Butter Cooperative held its 2023 Annual General Meeting (AGM) at the heart of Kumbungu district. A spirited gathering that brought together stakeholders, dignitaries, and members of…

According to information obtained by Ghana360news, the administration and the West African Gas Pipeline Company (WAPCo) have worked out a provisional payment plan to pay off the State’s $20 million debt. WAPCO cut off the gas supply needed for electricity generation, causing widespread darkness as the Ghana Grid Company (GRIDCo) reported a 550MW supply shortfall during peak hours. Ghana360news sources report that while a deal has been struck, there is still a possibility of some interruptions because the agreement does not ensure that gas will flow from Takoradi to Tema immediately. The administration has been pushed to pay down its debt by the Minority in Parliament in order to prevent the nation from entering an energy catastrophe. Edward Bawa, a parliamentarian who serves on the Mines and Energy Committee, has proposed that the government work out a solution with WAPCo. “The government needs to work out a plan with WAPCo on how to pay for that. I think it will work if WAPCO starts to feel somewhat reassured that the government has been in contact to handle the payment. “We are going to have problems if the government doesn’t find a way to allow WAPCo to feel secure enough to carry on transferring gas from Obuasi to Tema. Simply put, the absence of gas indicates that the plants, which depend on fuel, are unable to operate. “And you’d have that ‘dumsor’ if they couldn’t flee,” he said. He claims that since January 2023, WAPCo has not received payment, which has caused costs to mount. “You might then wonder, Whose liability is it? It is true, that GNPC acted as a guarantee for ECG because the latter does not always have a healthy access to or guarantee that it will be able to enter into agreements with gas or electricity utilities. He clarified, “So ECG has to pay WAPCo, but regrettably, ECG is unable to pay the liability because the cash waterfall mechanism, which is where all the money that ECG collects after selling power is put for it to be distributed among the utility mechanism, has not been working for almost 13 months.” source: Ghana360news.com

Dr. Ernest Addison, the Governor of the Bank of Ghana (BoG) says the introduction of the e-Cedi will serve as a tool for financial inclusion, promoting the potential to extend…

MTN Ghana, the leading telecommunications giant, is set to revolutionize the digital landscape in the country with a monumental investment of approximately $25 million. This substantial commitment will give birth…

In a bold move to bolster the digital transformation of Small and Medium Scale Enterprises (SMEs) in Ghana, the country’s leading telecommunications giant, MTN, has announced a groundbreaking initiative aimed…

The rating agency, Fitch, has declared that the Paris Club and the Ghanaian government will agree on the debt treatment guidelines by the end of 2023. On the other hand,…