COMAC CEO Rejects Calls to Scrap BOST

Els: MBN360 Extractives/Energy Dr. Riverson Oppong, the Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), has signaled a major policy shift by rejecting calls to scrap the Bulk Oil Storage and Transportation (BOST) Company Limited. Dr. Oppong emphasized that BOST remains a vital pillar for national energy security and the successful implementation […]

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Fuel Prices To Reduce By Next Week

Els: MBN360 Government, Politics Government is to reduce fuel prices  by suspending some taxes on petroleum products by the next pricing window. The government announced a set of measures aimed at reducing fuel prices and stabilising transport fares following the effects the war in Iran is having on global oil prices and supply concerns. The measures […]

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12% Sliding-Scale Royalty Rate Places Ghana as Highest Rate in Africa

Els: MBN360 Extractives/Energy Ghana Gold Minerals The newly implemented sliding-scale royalty regime by the Government of Ghana which pegs royalties between 5%-12% rates, immediately distinguishes the nation as having the highest fiscal burden for extractive operators in Africa particularly at the 12% highest rate. Transitioning from a long-standing flat rate of 5%, this price-indexed model […]

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Damang Mine Takeover: Lands Minister Directs Minerals Commission to Adopt Tender Committee’s Report

Els: MBN360 Extractives/Energy inister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah, has officially instructed the Minerals Commission to execute the necessary regulatory transitions to hand over the Damang Mining Lease to Engineers and Planners Ltd (E&P). This directive follows the formal submission and government upholds of the Tender Committee’s report, which identified E&P as the successful bidder […]

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Breaking the 51% Gap: CARP Ghana’s Rice Strategy

Els: MBN360 Agribusiness The perennial challenge of Ghana’s rice self-sufficiency has moved from a matter of agricultural policy to a high-stakes economic emergency as the Competitive African Rice Platform (CARP) Ghana launched a decisive three-year project aimed at dismantling the structural barriers that keep local rice from competing with cheaper, often lower-quality imports Funded by […]

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Kaneshie footbridge: No trading after repairs – AMA

Els: MBN360 News The Accra Metropolitan Assembly (AMA) has announced that no trading activities will be permitted on the Kaneshie footbridge once planned rehabilitation works are completed. Speaking on Breakfast Daily on Channel One TV on April 6, Gilbert Nii Ankrah, Head of Public Affairs at AMA, confirmed the Assembly’s plans to permanently remove traders […]

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