The Ghana Power Compact, also referred to as Compact II, has now entered into force despite a law suit against the Millennium Development Authority (MiDA) over the concession of the Electricity Company of Ghana (ECG).
Government has approved the construction of a 24-inch-diameter 290-kilometre Onshore Pipeline estimated to cost about $500 million from Aboadze in the Western Region to Tema in the Greater Accra Region to help evacuate larger volumes of gas in the near future.
Referring to the United Nation Human Development Index report, president Mahama stated Ghana is positioned second only to Cape Verde in relation to access to portable water, and other human indicators used to rate progress in the West African sub-region.
The European Commission has ruled that Apple owes Ireland €13 billion ($14.5 billion) in back taxes covering a 10-year period. It says the tax deals Ireland granted Apple count as illegal “state aid,” and calculates that it brought the company’s effective corporate tax rate down to just 0.005% in 2014.
Airtel Money, a subsidiary brand of Airtel Ghana has announced its readiness to engage partner banks in paying interests earned by customers on their Airtel Money wallets effective 11th September 2016.
Head of University of Professional Studies Centre for Public Accountability, Albert Kan-Dapaah, has raised concerns over poor revenue collection practice by authorities, culminating in government losing millions of income to entities every year.