Live Breaking News & Updates on சிட்டி வணிக செய்தி
Stay updated with breaking news from சிட்டி வணிக செய்தி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Tenure of BoG Governor renewed LISTEN FEB 2, 2021 The tenure of the Governor of the Bank of Ghana (BoG), Dr. Ernest Addison has been renewed by President Nana Akufo-Addo for another four years. His current tenure which begun on 1 st April 2017 will end at the end of March 2021. But according to Citi Business News sources at the Central Bank, President Akufo-Addo has given his approval for Dr. Addison to continue for another four years, pending the approval of the yet-to-be constituted Council of State, from April 1, 2021. The President back in 2017, forwarded Mr. Addison s name to the Council of State for consideration and approval as the Governor of the central bank. ....
Energy Consultant, Dr Yussif Sulemana has predicted that oil prices on the global market are likely to hit US$60 per barrel in the first quarter of 2021. Currently, Brent crude oil is selling for about US$55.78 dollars per barrel increasing by a little over four dollars since the start of the year. Dr Sulemana in an interview with Citi Business News elaborated on the likely causes of a potential increase in the price of crude on the global oil market. âThe OPEC plus member, Russia and OPEC de facto leader, Saudi Arabia seemly are now in agreement and this agreement started in the first quarter of 2020 that they are going to reduce up to 9.7 million barrels taken out from the global basket and that was significant. So that amount is still in place. OPEC reduction holding, vaccines in the horizon and the vibrancy of the Asian economies are the three things accountable for these bullish sentiments in the oil prices,â he said. ....
Dumsor’ to return if gov t refuses to take over Ameri plant IES warns LISTEN FEB 2, 2021 The Institute of Energy Security (IES) has predicted a complete shutdown in power supply in Ghana following the lack of preparedness by government to take over the Ameri Power deal. The Ameri deal was signed by the government in 2015 at a total cost $510 million to provide 230 megawatts of power for five years. This was done to assist in resolving the power crisis at the time. Although Ameri Energy wrote in September 2020 to inform the government of its intention to hand over the plant by the date stated in the contract, the government of Ghana has not yet carried the necessary steps to ensure a smooth handing over. ....
Global oil prices to hit 60 dollars a barrel – Analyst ghanaiantimes.com.gh - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanaiantimes.com.gh Daily Mail and Mail on Sunday newspapers.
Cocoa production in Ghana is expected to reach 800,000 tonnes this season, COCOBOD has said Some cocoa farmers in the Western North Region have raised concerns on the need for the government to make available monies to Local Buying Companies (LBCs) to enable them to buy their produce. Inadequate funds at cocoa buying companies have brought an adverse effect on the livelihoods of farmers. Cocoa farmers in the country have over the years relied solely on LBCs for their income but most LBCs in the region have not been able to meet demands of their farmers in terms of payment for the sale of cocoa produce. ....