Category: Business

Springfield Secures Rig to Appraise Afina Well

Springfield E and P has announced the contracting of the Deepsea Bollsta rig from Northern Ocean Limited (NOL) to lead the appraisal of the Afina-1x well on its deep offshore block, WCTP-2, in Ghana.

In partnership with GNPC and GNPC Explorco, the s…

UN Ghana enhances food security in Upper East and West Regions

The United Nations in Ghana has initiated a programme aimed at improving food security among the most vulnerable host communities and asylum seekers in the Upper East and Upper West regions.

Launched under the theme ‘Enhancing Food Security, Nutritio…

Ghanaian businesses urged not to downgrade for grant access

Mr. Bright Evans Darko, Head of Small Medium Enterprises (SME) Banking at GEXIM Bank, has advised Ghanaian enterprises to avoid downgrading their businesses to qualify for micro grants.

He noted that that could undermine the trustworthiness of busin…

Bank of Ghana lowers monetary policy rate to 27 per cent

The Monetary Policy Committee (MPC) of the Bank of Ghana has lowered the policy rate by 200 basis points to 27 per cent, citing improved macroeconomic conditions.

In the assessment of the Committee, preliminary data since the last MPC meeting held i…

Electrochem’s Outgrower Scheme to generate $200m annually

Mr. Abdul Razak Adam, Chief Executive Officer, Electrochem Ghana, says the Outgrower Scheme launched by his outfit for local miners within Ada and its environs would generate $200m every year.

Mr. Adam disclosed this to the Ghana News Agency (GNA) i…

Simba Apparel EPZ projects to offer over 20,000 job opportunities

Simba Apparel Exporting Processing Zone (EPZ) in collaboration with the United States Agency Development is projecting to employ over 20,000 youth and women by the end of 2025 as it expands its production to meet the increasing demand for garments.

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