The African Export Import (AFREXIM) Bank has signed a $1billion memorandum of understanding (MoU) with the Dangote Group of Companies at the 24th Annual General Meeting of the bank holding in Kigali, Rwanda.
Before the spread of ideals or culture, history has repeatedly shown that great or powerful nations in a bid to lead the world always resort primarily to economic route: it is perhaps a sure strategy for global leadership and the People’s Republic of China is certainly not ignorant of that.
The Member of Parliament for Bongo and a member of the Energy Committee of Parliament, Edward Bawa, says the continues presence of the Managing Director of Bulk Oil Storage and Transportation Company (BOST), Alfred Obeng Boateng, will undermine the integrity of the findings of the eight-member committee.
Vice President Dr. Mahamudu Bawumia has charged the new board of the National Health Insurance Authority to turn around the fortunes of the scheme which is currently struggling to pay service providers.
While the country’s central bank exchange rate has been comparatively lower, there have been increasing interest in the naira rate against the US dollar at the parallel market.
The last one or more years has been for Africa, one of its most economically challenging times particularly with regards to businesses of various companies even among its top 250 across the continent.
Unionised workers of the Bulk Oil Storage and Transportation Company Limited (BOST) have vigorously defended their Managing Director, Alfred Obeng Boateng over allegations he acted in his selfish interest in the contaminated oil sale saga.
The workers say calls for the interdiction of the MD are baseless and a plot to discredit and tarnish his hard-earned reputation.
The Chamber of Petroleum Consumers Ghana (COPEC-GH) has accused the MD of BOST of selling contaminated fuel, know as off-spec, to two unlicensed companies, Movenpiina and Zup oil. The Chamber claims the oil was sold at prices well below market value and that it has found its way onto the market to be sold as petrol. COPEC is consequently calling for the suspension of the MD for investigations into the issue
Preliminary investigations by the National Petroleum Authority revealed the two companies that lifted the oil did not have the license to do so. However it said there is no evidence that the product is on the market because the companies had the products still stored in their storage facilities.
The Ministry of Energy has constituted an 8-member committee to conduct further investigations into the sale.
Addressing the media in Accra on Thursday 29 June, the secretary of the unionised workers, Godfred Newton Amo, said the price per litre of the fuel sold is one of the best in the pricing history of the company.
The group added that the sale of off-spec products is not new to the operations of BOST. There have been previous sales in 2014, 2015, and 2016 in the same manner without any problem, and wondered why this particular one is receiving so much unwarranted attention and unsubstantiated claims.
They are also calling on the Energy ministry to dissolve the committee setup to probe the saga.
Embattled businessman Alfred Agbesi Woyome has filed a new writ at the Supreme Court seeking to reverse a ruling by a justice of the apex court, Justice A.A Benin who granted an application by the Attorney General to orally cross-examine the businessman in connection with attempts by the state to retrieve GHS51.2million from him.
Three Ministers are to appear before Parliament to address the house on measures being taken to protect sensitive  data of the state, businesses and citizens.
Retrieve all taxes and revenues due the state from all companies involved in transactions on the sale of contaminated fuel by the Bulk Oil Storage and Transportation Company (BOST).
Few corporate brands across the globe has come under intense criticism and attention, or its app so widely in use at least in the last one year as the ride-sharing service, Uber.
