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January 2015

SUPPLY CONTRACT NOTICE, Equipment for water weed harvest and large scale composting plant

The objective of the project is to improve the competitiveness of the Ghana's banana export industry through the provision of composting equipment for organic conversion. The composting plant will roughly use two hectares of stabilized land to transform yearly 25,000 cubic metres of raw vegetable material into compost. It will also contribute to remove reeds, alluvium, and other aquatic weeds invading the neighbouring lake. Equipment supplies will have to be provided Delivered Duty Paid (DDP) at the Volta River Estate Ltd banana plantation which is located 60 kilometres North of the port of Tema, on the Tema-Akosombo main road.

Producer Price Inflation Falls

The Producer Price Inflation (PPI) rate for December 2014 fell to 34.2 per cent, down from a revised 37.6 per cent recorded in November 2014, the Deputy Government Statistician Mr Baah Wadieh said on Wednesday.
 

Ghana signs $7bn contract with Eni to produce oil, gas at Cape Three Points

Ghana took another major step towards the attainment of energy and power security with the signing of an agreement for the development of the Offshore Cape Three Points ( OCTP) integrated oil and gas project. The $7 billion project, being undertaken by Italy's largest oil company, Eni Spa, in collaboration with Vitol Energy

Petroleum Receipts and Distribution Report for the 4th Quarter of 2014

Petroleum Revenue Management Act, 2011 (Act 815) Section 8: Transparency and Accountability of Petroleum Receipts
Pursuant to Section 8 of the Petroleum Revenue Management Act, 2011 (Act 815), the Ministry of Finance, hereby, publishes petroleum receipts (defined in section 6 of the Act), namely, total output lifted and reference price, among others, for the fourth quarter of 2014.

Press Briefing by the Hon. Minister of Finance - 16th January, 2015

Update on Global Growth - It is important to note that, the global economy is still struggling to gain momentum as many high-income countries continue to contend with the aftermath of the global financial crisis and emerging economies are less dynamic now than in the past.

GRA targets GH¢21.98 billion tax revenue for 2015

The Ghana Revenue Authority (GRA) last year collected a total tax revenue of GH¢17.07 billion, representing a three per cent short fall of the targeted GH¢17.61 billion. Despite the shortfall the 2014 figure, registered a growth rate of 29.7 per cent collection over the 2013 figure of GH¢13.16 billion and 18.5 per cent over that of 2012.

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