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Michael Blackson Is Deeply Concerned About The Significant Impact Of Ghana's Debt Restructuring Plan On His Varied Business Ventures.

The ORC Plans To Remove Over Half A Million Business Names By The Close Of December. Ghana Business News.

The Office of the Registrar of Companies (ORC) is poised to embark on a major initiative by the conclusion of December, as they prepare to expunge more than 500,000 business names from their official records. This substantial undertaking appears to be a component of a larger strategy aimed at optimizing their database and ensuring that only those enterprises which are actively engaged and meet regulatory compliance remain listed. The reasons behind such a vast removal could be multifaceted, encompassing companies that have ceased operations, failed to adhere to statutory obligations, or overlooked the renewal of their registration status.

This decisive action by the ORC highlights the importance for entrepreneurs and business proprietors to meticulously verify their business status, guaranteeing that all essential filings and renewals are current. It's a compelling reminder that maintaining compliance is a critical aspect of business operations, which can help prevent potential administrative issues or penalties. For instance, businesses that fail to submit annual returns or financial statements on time may find themselves at risk of being deregistered. According to some reports, non-compliance with such requirements can lead to a variety of consequences, including the loss of legal protection for the business name or potential fines.

For those affected, staying informed about the intricacies of this initiative is imperative. Business owners are encouraged to take proactive steps, such as consulting with legal or financial advisors, to ensure they meet all necessary criteria. This resource provides valuable insights for business stakeholders looking to navigate the regulatory landscape effectively and safeguard their business interests. #FrizeMedia #ghanaBusiness

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Stay updated on the latest news and popular stories in Ghana by visiting FrizeMedia, a comprehensive online platform that offers a plethora of information about Ghana's vibrant culture and attractions. FrizeMedia provides a wide array of news articles and narratives that showcase the diverse and lively culture of Ghana, ranging from human interest stories to in-depth analysis of current events. Whether you are a local resident, an expatriate residing in Ghana, or simply someone interested in learning more about this captivating country, FrizeMedia is an invaluable resource to stay informed and engaged.

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Aside from news articles, FrizeMedia also presents a variety of multimedia content to enrich your understanding of Ghana. Delve into captivating photo galleries that exhibit the beauty of the Ghanaian landscape, or indulge in engaging videos that provide an immersive experience of the country's culture and attractions. Our platform caters to different preferences and interests, ensuring there is something for everyone.

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To ensure you never miss out on the latest trends and developments in Ghana, FrizeMedia consistently updates its content. Our team of seasoned journalists and writers work tirelessly to bring you the most relevant and up-to-date information. Whether it's breaking news, cultural festivals, or emerging industries, you can rely on FrizeMedia to keep you informed and connected to the pulse of Ghana.

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Join us at FrizeMedia and embark on a journey of discovery through Ghana's rich cultural heritage and dynamic landscape. Immerse yourself in the stories, traditions, and attractions that make this country truly exceptional. With FrizeMedia as your guide, you'll cultivate a deeper appreciation for Ghana's history, culture, and people. Start exploring today and experience the wonders of Ghana from the comfort of your own home.

NDP's Presidential Hopeful, Alhaji Mohammed Frimpong, Was Assaulted in The Bono Region But Managed To Evade Injury.

NDP Presidential Candidate

Alhaji Mohammed Frimpong, the presidential candidate for the National Democratic Party (NDP), narrowly escaped an attack in the Bono Region. The purported incident occurred on November 26, 2024, along the path between Nsakaw and Wenchi as he was heading back from a campaign event. The NDP campaign team praised the Ghana Police Service for their prompt and efficient action in thwarting the attempted assault on the nominee.

The incident in question took place late on Tuesday, November 26, 2024, at approximately 11 p.m., along the roadway connecting Nsakaw and Wenchi. The NDP delegation was on their way back from a campaign trip in Namasa, located within the Tain Constituency. Evans Ofori, who serves as the Bono Regional Chairman of the NDP, informed Channel One News that the team initially confused the roadblock set up by the armed individuals for a legitimate police checkpoint.

We encountered masked gunmen who opened fire on us, forcing us to back up. Our displays were struck and sustained damage. A police patrol unit promptly responded to the situation, arriving soon after to accompany the NDP delegation to Wenchi. Fortunately, no injuries occurred during the event.

This marks the fourth occasion that the NDP, established by Nana Konadu Agyeman-Rawlings, is participating in an election. Following the allocation of ballot positions, Frimpong's party will appear as the sixth option on the voting list. The NDP, which split from the National Democratic Congress, secured 0.4% of the votes in the 2020 elections, as reported by Peace FM.

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Top ECOWAS leaders in Ghana over political crisis in Mali

Volta Region can become a cycling haven- British High Commissioner

Volta Region can become a cycling haven- British High Commissioner #FrizeMedia

The British High Commissioner to Ghana, lain Walker, has said that the Volta Region has the potential to become a haven for competitive cycling and serves as a pull factor for local and foreign enthusiasts, due to its unique landscape. He said the Region’s “astonishing” wealth of landscapes could make it popular for professional cyclists and tourists. The High Commissioner made the observation when he paid a courtesy call on Togbe Afede XIV, Agbogbomefia of Asogli State and his elders in Ho on Friday, May 28. “If this were to be France, it would have been a haven for cycling,” he said. Mr Walker commended Togbe Afede for his commitment to sports development, which helped to revive competitive football in the country and opportunities for the youth and children. He said the two nations had sustained rigid bonds over the decades and added that the culture and spectacular landscape of the Volta Region were areas to be considered for long-term collaboration. Read more...

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John Mahama withdraws acceptance as African Union Envoy to Somalia

Vodafone CEO, Director of Digital Transformation make list of 50 most influential corporate women in Africa

The Ghanaian economy is simply not doing well – Haruna Iddrisu

Twene Jonas has been trending on social media over comments he made about Otumfuo Osei Tutu

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Sunon Asogli to enter Liberia power Industry

Sunon Asogli, an Independent Power Producer is set to enter the Liberia power industry. This follows a visit by Togbe Afede XIV, the Agbogbomefia of the Asogli State, founder and a Director of Sunon Asogli Power (Gh) Ltd and a 4-member investment and technical team to Monrovia, the Liberian capital, to negotiate a deal in the power generation sector in the West African country. Explaining his offering to the government of Liberia, he said t the  first of the three-pronged offering seeks to acquire an interest in the existing 88 megwatts Mt Coffee Hydro Power Plant in Liberia. Secondly, the investment is to expand the existing Mt Coffee Hydro Power Plant by 60-80MW in a ‘BOO or BOOT’ mode in the medium term. The third offering, according to him, in the long term is to develop a new hydro power plant on the St. Paul River to add to the generation capacity of Liberia.

Touching on the expected benefits of the investment to the country, he revealed that the acquired interest in the existing Mt. Coffee Hydro Power Plant is to provide capital that will help government fix the challenged power distribution sector of the electricity supply value chain. Read more...

All 46 Colleges of Education Threaten to Shut down by End of May over Lack of Funds

All 46 Colleges of Education Threaten to Shut down by End of May over Lack of Funds #FrizeMedia

Principals of Colleges of Education across Ghana have threatened to shut down the schools by the end of May if the government does not release funds for the maintenance of students’ stay on campus. All 46 Colleges of Education in Ghana could be affected as the authorities say they have not been paid feeding grants since the start of the academic year in January. President of the Conference of Principals of Colleges of Education, Emmanuel Nyamekye in an exclusive interview with JoyNews’ Fred Smith said the only option available to them is for the students to go home. “If nothing is done in the next couple of weeks, we may be compelled to ask our students to go home,” he said. Lamenting their difficulties, he said food suppliers for the schools have ceased due to arrears owed from as far back as the first term.

He, therefore, called on the government to take immediate actions, “because once the suppliers fail to supply, there’s very little we can do under the circumstance.” “We cannot go to the open market and buy so our suppliers have the trump card and until we get some money to at least appease them, they would not give us any food items and when that happens, we can’t feed our students,” he apprised. Read more...

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ECG Publishes another ‘dumsor’ timetable, Effective May 27 to June 11

The Electricity Company of Ghana (ECG) has published a schedule for the disruption in power supply in parts of the Greater Accra Region. In a press statement dated May 20, the company indicated that the power interruption is to enable ongoing system improvement at the Kasoa Bulk Supply Point (BSP). “As part of projects to improve power supply reliability and system voltage, the  Electricity Campany of Ghana in collaboration with the Ghana Grid Company (GRIDCo) will undertake interruption in power supply to facilitate to work of contractors at various stages and times.” 

It further pointed out that the Kasoa BSP requires the re-construction of a section of GRIDCo’s 161kv Winneba to Mallam transmission lines tie-in works, hence the need to shut down the transmission line, which will affect power supplies to many households. According to the ECG, the improvement works will last for a period of sixteen days starting from Thursday, May 27 to June 11, 2021. Read more...

Technical Universities urged to go Beyond Academic Publications

Ghana Technical Universities urged to go Beyond Academic Publications #FrizeMedia

Technical Universities across the country are being urged to be more innovative by going beyond publishing academic papers for promotion but rather direct their focus on commercializing research output. Coordinator of the Industry and Innovation Unit of the Directorate of Research, Innovation and Consultancy at the University of Cape Coast, Mr. Isaac Nketsiah indicated that this was the only way the technical universities can remain relevant and be more agile and responsive to the challenges in 21st-century universities. Speaking on the management of Intellectual Property (IP) in Contemporary Research at Green Building Research Conference hosted by the Cape Coast Technical University, Mr. Nketsiah underscored the need for the Technical Universities to develop the intellectual property framework to guide their research and scholarly works and enable them to generate income from the commercialization of their works.

He further expressed concern about how most universities in Africa still engage in teaching and basic research activities whilst missing out on opportunities for breakthroughs in groundbreaking discoveries and solutions for most of the continent’s challenges. Read more...

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Ghana overtakes Nigeria and Tanzania with 4th largest travelers from USA

Ghana has overtaken Nigeria and Tanzania as the 4th largest African destination from the USA, in terms of travelers, ForwardKeys travel industry trends, an aviation tracker, has revealed. This follows the re-launch of passenger flight operations from Washington to Accra by United Airlines over the weekend. Ghana increased the year-on-year growth by 44.5%. “Ghana, Cape Verde, and Togo are standout performers currently. This is mainly due to the strong interest from VFR/Expat passengers,” ForwardKeys said. However, South Africa and Morocco are set to be the most popular destinations in terms of US traveler volumes this summer.

Morocco was recently excluded from the USA ‘Do Not Travel’ Advisory, so this may encourage more people to travel to the destination, it explained. South Africa, Morocco and Kenya were ranked 1st, 2nd and 3rd respectively.  Nigeria, Tanzania and Cape Verde were 4th, 5th and 6th in that order. It said USA travelers are booking to fly from the Caribbean to Iceland and now the air ticketing data shows that they are also keen to travel to long-haul destinations in Africa and the Middle East. Despite USA CDC warnings, ForwardKeys said Africa and the Middle East are proving to be standout performers, ahead of the summer.

The US Ambassador to Ghana, Stephanie S. Sullivan recently said the United States  of America will further deepen its bilateral relationship with Ghana. Read more...

Ghana will Enforce Covid-19 Restrictions until Herd immunity is Achieved – Akufo-Addo

President Akufo-Addo, on Sunday, said until the country vaccinated the requisite number of Ghanaians and achieve herd immunity, the Imposition of Restrictions Act, 2020 (Act 1012), will remain in force. He said enforcing restrictions as the mandatory and safety protocols, would help return life to normalcy, and the security agencies would not relent in their efforts to enforce it. President Akufo-Addo, in his 25th televised address to the nation on measures taken against the spread of the COVID-19 pandemic, encouraged the public to continue to adhere to the safety protocols since the reward for compliance had led to favorable scenarios in the fight against the pandemic, and resulted in the easing of some earlier restrictions. He indicated that the country had seen a marked reduction in active cases (persons who currently have the virus), from 5,444 persons as at February 26, 2021 to 1,314 as at May 11, 2021. Again, the rate of infection had dropped significantly from 400 a day since his last address to the nation, to less than 100 now, and the number of persons who had recovered from the virus had also increased from 77,972 to 91,146 within the same period, he said. Read more...

Ghana saved $1.4bn from deferring 3 Power Purchasing Agreements – Energy Minister

Ghana saved $1.4bn from deferring 3 Power Purchasing Agreements – Energy Minister #FrizeMedia

Energy Minister, Dr. Mathew Opoku Prempeh, has described all 40 Power Purchasing Agreements (PPAs) signed under former President John Mahama’s administration amid the power crisis between 2013 and 2016, as desperate and costly.  According to him, these “costly” PPAs subsequently shot up power tariffs by over 200%. In dealing with this, Dr. Opoku Prempeh told the media three of these PPAs have been deferred under a renegotiated Take and Pay arrangement. This according to him saves Ghana US$1.4 billion dollars each year. “Some of the things that killed us were PPAs done desperately. We have learnt our lessons, going forward, it can’t be business as usual. There’s a moratorium on any further PPAs. We won’t sign, take or pay business again. Now we have moved on to the second phase to signing new take and pay PPAs. We will only pay for the electricity we use.” please read more...

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Fuel Prices to Increase from Monday, May 17 - COPEC states new Prices

- The Chamber of Petroleum Consumers – Ghana (COPEC) has announced the increment in fuel prices by May 17, 2021 - The Executive Sectary of COPEC, Duncan Amoah, has said the increment has necessary because the commodity has increased in the international market - In a signed statement, COPEC has released the new prices. The Chamber of Petroleum Consumers – Ghana (COPEC), has revealed that fuel prices will witness an increase in the next few hours. The Executive Secretary of the chamber, Duncan Amoah, in a signed statement, said this has become necessary due to the increase of petroleum prices on the international market. He said the commodity was sold at $520 per metric tonne has now been pegged at about $545 per metric tonne. This, the statement says, translates to about 8 cedis per litre at the pump for both petrol and diesel, or about 5% on the international price index. The above-mentioned figures make about a 1.25% increase in the current pump prices. Meanwhile, the new increase is coming just 10 days after fuel prices were increased so that it sparked the social media trend #fixthecountry. The National Petroleum Authority (NPA), in response to the public outcry, reduced fuel prices by 8 pesewas per litre at the pump. This took effect on Wednesday, May 5, 2021, according to a communique issued on Tuesday, May 4, 2021. The reduction meant that the recent 17 pesewas increase per litre announced by the NPA has been reduced by 9 pesewas per litre. Read more...

United Airlines Inaugurates Flights between Washington and Ghana

Last night, United Airlines launched the first flight of its new service to Accra, Ghana, from Washington DC, United States, operated by Boeing 787-8 registered N27901. The carrier will now operate a three-weekly service to Accra from Dulles International, Symply Flying reported. Flight UA996 will depart Dulles International Airport at 18:15 every Sunday, Wednesday and Friday and land at Kotoka International Airport at 08:40 the next morning. On return, UA997 is expected to depart Accra at 23:45 on Monday, Thursday and Saturday and arrive in the Washington area at 06:30 the next day. There is a large Ghanaian diaspora, with around four million people with ties to the country across the world. Notably, the United States has over 116,000 Ghanaians living in the country. This figure gives the United States the third largest Ghanaian population in the world. So, many people will want to fly to and from Ghana as a result of the challenges of the pandemic. Metropolitan Washington Airports Authority Chairman and CEO Jack Potter explained how valuable this service is to the Ghanaian capital. This operation is one of several direct flights to cities around the world from Dulles. The Chicago-based carrier followed Delta Air Lines with its earlier arrival in Accra from New York the day before. Read more...

Accra: Eight days of Dumsor ends Today

 The load shedding exercise in some parts of the Greater Accra Region is expected to end today, Monday, May 17, 2021. The intermittent supply of electricity exercise began on Monday, May 10, 2021. The Electricity Company of Ghana said the power outages have become necessary to allow for maintenance works, particularly at the Pokuase Bulk Supply Point. ECG explained that the maintenance works at the Pokuase Bulk Supply Point will require that the station's 330kv line is shut down completely. The shutdown will also affect power supply reliability to the Mallam Bulk Supply Point (BSP). The outages will rotate between day and night from 6 am to 6 pm and 6 pm to 6 am for eight days. While some of the areas will sleep in darkness for two nights and have their power off for two days during the day in May, others will sleep in darkness for three nights and have their power off for just one day. Others will also sleep in darkness for three nights and have powered off for just one day. Read more...








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