<< Back             Poser >> ECG commissions 37 new transformers in Ashanti Region The Electricity Company of Ghana (ECG) says it has commissioned 37 new transformers in parts of the Ashanti Region to enhance electricity supply and tackle persistent low-voltage challenges. According to the company, the commissioning forms part of a broader operational initiative by the Ashanti West Operational Zone, under a wider capital investment programme supported by the Ministry of Energy. Communities including Abuakwa, Adum Ahinsan, Danyame, Ahinsan, Bibiani Kokoben, Suame and some sections of Offinso are set to benefit from the upgrade. The ECG said the expansion was intended to relieve pressure on existing transformers, many of which had been operating close to or above capacity due to rising demand in fast-growing communities. Mr. George Amoah, the Regional General Manager for ECG Ashanti West, speaking to the GNA, said the upgrades were necessary to stabilise local supply and curtail outages linked to transformer overloading. He noted that each transformer had a defined capacity and a maximum load it could safely carry and that if the ECG detects transformers nearing full capacity or operating above 70 per cent, the units are upgraded from 100kVA to 200kVA, 200kVA to 315kVA, and to higher ratings where applicable. The ECG added that the upgrades also align with the extension of high-tension and low-voltage lines, at a cost of GH¢10.94 million. The company stated that the interventions were expected to reduce system losses, improve voltage stability, and strengthen the reliability of electricity supply in the affected areas. In a related development, Mr. Emmanuel Osei Amoako, the Regional Engineer, said the investments were critical to meeting rising demand driven by urban growth. He further indicated that the ECG had installed 36 additional transformers to replace faulty units in locations such as Twedie, Patasi Police Depot, Afia Kobi S SHS and Denkyemuoso. The ECG also disclosed that it has approved further installations as part of ongoing efforts to strengthen distribution networks and enhance service delivery. The company cautioned the public against vandalism and illegal interference with its infrastructure, urging residents to report any suspicious activities that may affect network performance. Source: GNA Ghana Business News	Nigeria’s economic recalibration good for business — Jumia CEO By Etop Ekanem  Chief Executive Officer of Jumia Group, Francis Dufay, has offered a perspective that placed Nigeria not at the margins of risk, but at the centre of reform, growth and stability. Speaking during a panel on emerging markets, at the Sohn Conference in New York, Dufay described the period between 2021 and 2024 as […] Dangote Refinery reduces petrol price to N1,250/litre Dangote Refinery has reduced the gantry price of petrol, to N1,250 per litre from N1,275 per litre, representing a two per cent decrease. Over 100 imported vegetable oil brands dominating local market despite ban — Ikoro ….Accuses Customs, NAFDAC, SON of enforcement failure By Cynthia Alo Despite the retention of vegetable oil on the Federal Government’s prohibition list under the 2026 fiscal policy measures, the National Chairman of the Vegetable/Edible Oil Producers Association of Nigeria (VEOPAN), Okey Ikoro, said the local market is still dominated by more than 100 imported oil brands, […] India turns to Nigeria, other African countries for Soybeans By Cynthia Alo, with Agency report India has turned to Nigeria and other African countries for soybean imports after soaring domestic prices forced Indian traders to cancel soymeal export contracts for the first time since 2021. According to a Reuters report, Indian traders cancelled about 25,000 metric tons of soymeal export contracts and secured about 80,000 […]  ITAS implementation will not introduce new taxes – GRA assures businesses  Mr Anthony Kwasi Sarpong The Commissioner-General of the Ghana Revenue Authority (GRA), has assured the business community that the introduction of the Integrated Tax Administration System (ITAS) will not lead to the imposition of new taxes. CBN unveils new FX guidelines, approves cash movement of $50,000 By Emma Ujah,  Abuja Bureau Chief The Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange Guidelines which provides that an individual can move cash of up to $50,000, but must be declared at the point of exit. The bank also retained the earlier provision for the movement or import of cash of up to […]