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Finance Minister Dr Cassiel Ato Forson has announced plans by the government to construct a 1,200-megawatt (MW) state-owned gas-fired power plant as part of efforts to secure reliable and affordable electricity for Ghana’s industrial development. The facility, when completed, is expected to become the country’s largest power-generating plant, overtaking the 1,020MW Akosombo Hydroelectric Power Station. Speaking at the Future of …

Credit: Channel One TV The Moderator of the Presbyterian Church of Ghana, Rt. Rev. Dr Abraham Nana Opare Kwakye, has called on the government to demonstrate the political will necessary to decisively tackle illegal mining, popularly known as galamsey. According to him, the government has both the authority and capacity to deal with the menace, which he said continues to …

The Institute of Economic Affairs (IEA) has disputed claims that the Ghana Gold Board (GoldBod) suffered a GH¢1.7 billion loss through the Bank of Ghana’s Domestic Gold Purchase Programme.According to the IEA, a significant portion of the amount being described as a loss is instead linked to accounting and foreign-exchange valuation differences arising from gold transactions between the Bank of …