The Chamber of Petroleum Consumers (COPEC) will this week meet with the government to request a review of the increase in the Energy Sector Levies (ESLA).
Economist and Professor of Finance at the University of Ghana, Godfred Bokpin has described the breaches detected in the PDS concession agreement as an embarrassment to Ghana.
The Financial Intelligence Center in Ghana has written to all Rural Banks and Savings and Loans companies to immediately freeze all accounts belonging to Power Distribution Services (PDS).
A new cocoa pricing mechanism announced by top growers Ivory Coast and Ghana earlier this month is causing cocoa costs to rise, a Mondelez International Inc (MDLZ.O) executive said on an earnings call with analysts on Tuesday.
Minister for Information Kojo Oppong Nkrumah has said the government is yet to establish who exactly perpetrated the alleged fraud in the PDS concession agreement.
South African department chain Woolworths has pulled the plug on its Ghanaian business after closing its two stores there, in a second retreat from West Africa.
Securities and Exchange Commission (SEC) is investigating money managers for locking up as much as 5 billion cedis ($921 million) in risky investments they’re struggling to retrieve for clients.
Executive Director of ACEP, Ben Boakye has attributed the suspension of government’s concession agreement with the Power Distribution Services to sheer negligence on some persons who were expected to monitor the process before finalising the concession agreement.
MP for Adansi Asokwa constituency, K.T Hammond says he is quite certain that Power Distribution Service (PDS) will not be cleared to manage the country’s power distribution service again.
The Energy Commission released a statement announcing that the Electricity Company of Ghana (ECG) is taking over the operations of Ghana’s power distribution from the Power Distribution Service (PDS) on a temporary basis.
Minister for Energy John Peter Amewu has said investigations conducted by the government has established that a document that was presented by Power Distribution Service (PDS) as a guarantee for the takeover of Electricity Company of Ghana (ECG) was forged.
