Kofi Ahovi

The Public Interest Accountability Committee, PIAC, has reiterated its call on Parliament to put some restrictions on the Ghana National Petroleum Corporation’s budget allocated to Corporate Social Investments. At the launch of the 2019 annual PIAC report, Chairman of PIAC, Nobel Wadzah, among other things said GNPC has for the past ten years not raked in substantive profits to afford it the luxury of embarking on many CSR projects. The Annual Budget Funding Amount (ABFA) made available for GNPC in 2019 was pegged at GHC2.7 billion, out of which only GHC1.2 billion was utilized, leaving a balance of GHC1.5 billion unutilized. According to PIAC’s report, for the third consecutive year, not only has a substantial proportion of the ABFA not been fully utilized, but GNPC has been unable to account for it.   By some of its actions, PIAC says GNPC is in violation of the Petroleum Revenue Management Act, and the Ghana Infrastructure Investment Fund Act among others. “In 2019, 45.14 percen...

A total of 71,439,585 barrels of oil were obtained from the three producing fields – Jubilee, Sankofa Gye Nyame (SGN) and Tweneboa Enyera Ntomme (TEN) in 2019. This figure is 15 percent more than what was produced in 2018, which was 62,135,435.07) barrels. A statement issued in Accra by the Public Interest and Accountability Committee (PIAC) the high recorded volume was on account of increased production on Jubilee and SGN fields. The Jubilee Field produced 31.9 million (31,915,377) barrels; the TEN field produced 22.3 million (22,319,137) barrels and the SGN Field produced 17.2 million (17,205,070.85) barrels. In the area of gas production, PIAC said it witnessed its greatest boost since the commercialisation of natural gas in Ghana in 2019. A total of 169,508.61 Million Standard Cubic Feet (MMSCF) of Associated Gas (AG) and Non-Associated Gas (NAG) was produced in 2019; an 85 percent increase over the 2018 volume of 91,459.30 MMSCF. The statement said while the Jubilee Field has alwa...

  The “new normal” has taken a further step towards entrenching itself as companies are now resorting to digital platforms to hold Annual General Meetings (AGM).   Databank Group and Total Petroleum Ghana Limited have both issued notices to their respective shareholders about their impending virtual AGMs.   According to a release from Total copied to Busineweekghana.com “the 44th Annual General Meeting of the Shareholders of Total Petroleum Ghana Limited will be held VIRTUALLY and streamed live by video link from the Head office of Total Petroleum Ghana Limited on Wednesday,15 th July, 2020 at 11:00am”   It further added that “In compliance with the current restrictions on public gatherings in force pursuant to the imposition of Restrictions Act, 2020 (Act 1012) and consequent Regulatory Directives, attendance and participation by all members and/or their proxies in this year’s Annual General Meeting of the Company shall be strictly virtual (i.e. by online ...

  The Receiver, for the purposes of winding down the affairs of 347 insolvent Microfinance Companies and 23 Savings and Loans and Finance House Companies who had their operating licenses revoked on 31 May 2019 and 16 August 2019, has cautioned borrowers to repay their debt or risk seeing the names in the dailies.  According to the Receiver, it will “pursue all recalcitrant defaulters through all available means as permitted by the Act including, but not limited to, legal actions and publishing names of recalcitrant defaulters in national and international newspapers. In this regard, the Receiver will soon publish the first list of recalcitrant defaulters and their respective addresses in the national dailies.” A statement issued and copied to Businessweekghana.com on Tuesday 23rd June 2020, read, "the Receiver wishes to notify the general public especially person/persons/institutions who took loan facilities from these defunct companies to visit any of the maintained branches...

The disinfecting of basic schools in the Savannah Region would help assuage fears in both the pupils and the teachers in the region as a result of the coronavirus disease (Covid-19). The Deputy Director, Supervision of Education, West-Gonja District in the Savannah Region, Katribi Dramani, made the observation during the disinfection of Yipala Junior High School (JHS) in the West-Gonja District. Read also :  https://businessweekghana.com/2020/05/12/lawyer-by-day-nurse-by-night/ With the disinfection exercise in the Savannah Region underway, both the final-year JHS pupils and teachers would be motivated and have confidence to report to school on June 29, to prepare for this year’s Basic Education Certificate Examinations (BECE), he said. In this regard, he commended Zoomlion Ghana Limited for partnering the central government to have all basic schools in the country disinfected. According to Mr Dramani, many of the teachers and pupils became even more excited when they got wind of t...

  Heads of basic schools (public and private) in the Northern Region have been praised for their cooperation in the ongoing disinfection exercise in their schools by Zoomlion Ghana Limited (ZGL). The General Manager, ZGL, Northern Region, Peter Dawuni, made the commendation while addressing journalists during the disinfection of Gurugu R/C School in Tamale in the Northern Region on Tuesday. “I am happy with how the schools’ authorities were cooperating with us on the whole disinfection exercise in the Northern Region,” he gleefully expressed. He revealed that his outfit was disinfecting about 5,000 basic schools in the Northern Region, assuring that by Thursday, June 25, 2020, they will be done with all the schools. The exercise, which started last week, formed part of the President’s directives for all basic schools in the country to be disinfected against the coronavirus disease (Covid-19). And more so to ensure that basic schools’ facilities and open spaces were safe from the co...

The Accra Techinical University (ATU) has confirmed a case of the Coronavirus disease (Covid-19). The patient, a National Service Personnel with the academic department, is said to have tested positive for the disease on Sunday, June 21, after showing symptoms of fever, headache and runny nose. A press statement dated Tuesday, June 23 and signed by the Acting Director of Public Relations, said six colleagues who came into contact with the affected person have had their samples taken for testing. “The personnel reported to a medical facility in her neighbourhood after experiencing symptoms of fever, headache and runny nose. After Covid-19 tests were conducted, the result was communicated to the service personnel on Sunday, 21st June 2020. “The said person is currently in isolation at a medical facility and responding well to treatment. Six colleagues who came into contact with the confirmed Covid-19 patient, have been counselled, re-assured and their samples taken for laboratory testing...