Business News

Why government suspended PDS

Government of Ghana in the late hours of Tuesday, July 30 announced the abrogation of the contract with Power Distribution Services barely six months after the company took over from the Electricity Company of Ghana. In a statement signed by…

Revealing: Fraudster secured ECG deal for PDS

3news.com has gathered that government suspended the concession agreement with Power Distribution Services (PDS) after discovering that the person it had been dealing with was a fraudster. It is now emerging that the officer who executed the Demand Guarantees (Lease…

GHANA TELECOM RIGGERS CRY FOUL OVER HUAWEI MONOPOLY- DEMAND GOV’T INTERVENTION

The Ghana local network installers have expressed a strong dissatisfaction over their inability to get contracts as result of the takeover by Huawei Technologies Company to fixing networks in the country. “Huawei is enjoying monopoly in the network business ever…

Why gov’t must include private schools in free SHS policy

The former South African President, Nelson Mandela said: “Education is the most powerful weapon which you can use to change the world”. On 1st September 2017, the NPP government led by President Nana Addo Danquah Akufo-Addo rolled out a policy…

The continuous rise of Ghana’s energy sector debt and its implications

Benjamin Boakye, Executive Director of African Centre for Energy Policy (ACEP) has assigned reasons for the mounting debt stock in the energy sector despite the institutionalisation of several taxes and levies to address the issue. Ghana’s energy sector has a…

Over GHC3 million Duase warehousing projects defective

A four-warehouse project, rehabilitated at the cost of a little over GH?3 million at Duase in the Manhyia North district of the Ashanti Region and just handed over to the state, has been classified as having several defects less than…

Dangote refinery to end imports of petroleum products to Africa

Nigeria and other sub-Saharan African countries would soon heave a sigh of relief from the importation of petroleum products, with the imminent completion of the 650,000 barrels-per-day (bpd) Dangote Refinery at Ibeju-Lekki area of Lagos. Group Executive Director, Strategy, Capital…

Fire safety drill at CalBank headoffice

CalBank today conducted a fire safety drill at its Head Office, at Ridge, Accra in association with the Ghana Fire Service. The drill was conducted as part of the Bank’s Business Continuity Program (BCP) and also in fulfilment of regulatory…

Good businesses are safe in Ghana – President courts the French

President Akufo-Addo has said Ghana is a haven of peace, security and stability, indeed, the safest country in the West Africa sub-region. According to him, Ghana is a country where legitimate investments are protected.  “We are a country where the…

Ibrahim Mahama: The artist building a parliament from recycled train seats

Dozens of worn plastic train seats and dilapidated wooden lockers that were destined for the dump in Ghana have ended up in a Manchester art gallery, in a work by one of Africa’s most exciting young artists. When hundreds of…