Dr Kwabena Duffour, Acting Finance and Economic Planning Minister, has given a more positive outlook of the economy, saying the indications point towards sustained growth.
This, he said, was based on the solid foundation laid by the…
Jean-Claude Juncker has never been one to mincemwords - and so the Luxembourg prime minister gave it straight when asked Thursday to take stock of economic developments as the long-time president of the influential Eurogroup.
Certain d…
The Ministry of Finance and Economic Planning says December 2012 inflation of 8.8 per cent, announced on Wednesday shows a drop in three consecutive months.
It also marks 31 consecutive months of single digit inflation.
The Min…
Italian households got poorer over the course of last year while state institutions reduced their levels of indebtedness, official figures released Wednesday showed.
The outgoing government of prime minister Mario Monti has introduced tou…
A Regional Commander of the Motto Traffic and Transport Unit (MTTU), has expressed worry that political interference has been a major challenge to road safety campaign in the country.
Assistant Superintendent of Police (ASP) Teddy D…
The rate of inflation fell to 8.8 per cent in December from 9.3 per cent recorded in November, the Ghana Statistical Service (GSS) announced on Wednesday.
Speaking at a press conference, Dr Philomena Nyarko, Acting Government Statistician…
Europe's telecommunication giants are considering sharing their infrastructure across borders in a bid to remain competitive, the Financial Times reported Wednesday - a move that
could spell out savings for consumers.
The daily said t…
International food prices fell by 7 per cent over the course of last year, reducing the risk of food shortages in developing countries, the United Nations' Food and Agriculture Organization (FAO) said Thursday.
Global food prices had soar…
China saw a surprising 14.1-per-cent year-on-year jump in exports in December after a seven-month slowdown, the government said Thursday.
November's increase had been 2.9 per cent. Imports in December rose 6 per cent from December 2011…
North Korea risks trailing economically if it does not allow access to the internet, Google Inc executive chairman Eric Schmidt said Thursday.
He told journalists in Beijing that he travelled to Pyongyang to exchange opinions about the…
Global sales of the world's leading luxury car brand, BMW, raced ahead by 11.6 per cent last year amid soaring demand for premium autos in the US and China, the company said Thursday.
This brought total sales for the BMW brand in the year…
Some banks in Accra say high electricity bills, rent, water bills and salaries of workers are impacting negatively on their businesses and ability to lend more.
This was made known to the Ghana News Agency on Tuesday, when it visited…
Chinese stocks closed mixed on Tuesday, dragged down by shares of banks and insurance companies.
The benchmark Shanghai Composite Index fell 0.41 percent, or 9.29 points, to end at 2,276.07. The Shenzhen Component Index added 0.02 percent…
The European Union (EU) in Ghana has disbursed close to 16 million Euros to the Government of Ghana, under Ghana's Multi- Donor Budget Support framework.
This is made up of 10 million Euro sector Budget Support for the Ministry of…
A tanker carrying fuel belonging to Union Oil arrived in Wa on Tuesday after a week of acute fuel shortage that stalled the operations of commercial transport and other motorists in the Upper West Region.
Fuel station operators in the…
Youth unemployment in Italy rose to 37.1 per cent in November, the highest level since records started in 1992, national statistics office Istat said Tuesday.
The number of 15- to 24-year-olds unable to find a job rose by 0.7 percentag…
German trade contracted sharply in November, data released Tuesday showed, adding to signs that growth slowed in Europe's biggest economy as 2012 came to an end.
The Federal Statistics Office said month-on-month exports dropped by 3.4 …
Entrepreneurs Foundation of Ghana (EFG), has opened nominations for UT Ghana Entrepreneur Awards Gala 2012, third edition.
The deadline for the entries to be nominated for the Ghana most prestigious awards for entrepreneurs is Februa…
It's stock may no longer be on a relentless rocket trajectory, but among consumers Apple remains as popular as ever.
The maker of the iPhone and iPad said Monday that its App Store had now passed the milestone of 40 billion apps downl…
Unemployment in the crisis-plagued eurozone continued on its relentless path upward in November, reaching a record 11.8 per cent as 113,000 more people joined the jobless ranks, new data showed Tuesday.
The unemployment rate has steadi…
Greek Prime Minister Antonis Samaras voiced optimism about his debt-strapped country's future during a Germany visit Tuesday, saying he sees "the glass half-full."
Greece is "delivering and Europe is helping," he said about Athens' tou…
Flight operations at Dhaka’s main airport resumed Tuesday after employees of Bangladesh's state-run airline ended an eight-hour strike for improved working conditions, officials said.
"Now we are going back to work as the minister assur…
South Korea's Samsung Electronics Co on Tuesday estimated its operating profit for the fourth quarter at a record 8.8 trillion won (8.3 billion dollars).
The estimated operating profit for the electronics manufacturer would represent a…
China continues to be a top investment destination for multinational companies. This is according to an annual survey by the Economist Corporate Network released earlier today. The report warns, however companies operating in the world's s…
The opening of Berlin's new airport has been delayed for a fourth time, until at least 2014, triggering a protest storm Monday and raising pressure on the German capital's mayor.
In the planning since 1996, the airport meant to become Ger…
Apostle Derek Sarpong, member of the Apostolic Council of the Great Commission Church International, has urged the Savanna Accelerated Development Authority (SADA) to promote mushroom farming in the three northern regions.
Apostle Sarpong…
Countries that take simple measures to prevent road traffic collisions not only save countless lives but also make substantial savings that translate into major economic benefits for society as a whole.
This is according to a study …
Nearly three years after a massive oil spill in the Gulf of Mexico, the company that operated the oil rig has agreed to pay a 1.4-billion-dollar settlement, according to a court filing Thursday.
Transocean, owner and operator of the De…
A Venezuelan minister on Wednesday said cancer-stricken President Hugo Chavez was in a "delicate" but stable condition following a fourth operation in Cuba.
"The medical team explains to us that the condition of President Chavez remain…
Vietnam shipped 462,00 tons of rice in December, raising the year's total to a record 7,6 million tons, authorities said Thursday.
Exports for the year were up 10 per cent over 2011, Vietnam Food Association (VFA) said in a report. Howeve…
The number of registered job seekers in crisis-hit Spain went down in December, after rising for four consecutive months, the Labour Ministry said Thursday.
Spain has an unemployment rate of 25 per cent.
However, the number of regi…
German unemployment rose less than expected in December, despite the eurozone debt crisis undercutting growth in Europe's biggest economy, data released Thursday by the labour office showed.
The labour office said the seasonally-adjusted …
The unemployment rate in the United States was unchanged in December at 7.8 per cent, the US Bureau of Labour Statistics said Friday, based on its monthly household survey.
A separate survey of employers found that payrolls grew by 155…
Entrepreneurs Foundation of Ghana (EFG), has opened nominations for UT Ghana Entrepreneur Awards Gala 2012, third edition.
The dead line for the entries to be nominated for the Ghana most prestigious awards for entrepreneurs is Febru…
Iceland and Norway Friday signed an agreement allowing a Norwegian state-owned firm to take part in the search for oil and gas on the Icelandic continental shelf.
Iceland in October awarded two licenses for exploration of the seabed no…
Vodafone Ghana has explained the rationale for capping its fixed broadband internet service at GH¢65.00, saying the hitherto lower price and unlimited data service was not economically viable and does not give value for money.
Vodaf…
Activities at the various banks on the Accra High Street on Wednesday started slowly after the New Year break as few customers trooped in to conduct business, the Ghana News Agency (GNA) observed.
Some of the banks the GNA visited on…
Three Chinese airlines formed a regional alliance with a Taiwan carrier Thursday in a further sign of thawing relations between the two sides on the Taiwan Strait.
The agreement was signed between the Chinese carriers China Eastern, Ch…
A businessman in the petroleum industry, Mr Isaac Brewu, has advised drivers and vehicle owners to patronize high quality petroleum lubricants produced in the country to enhance the performance of their vehicles.
He explained that p…
Ireland promised to be "in the business of solutions" Tuesday as it took over the European Union's rotating six-month presidency.
Prime Minister Enda Kenny, speaking at a ceremony at Dublin Castle while the Irish and EU flags were hoisted…
Britain pledged Wednesday to "seize the opportunity" to revive global economic growth during its presidency of the Group of Eight (G8) leading industrial nations this year.
In a letter marking the start of Britain's presidency, Prime Mini…
The US House of Representatives followed the Senate in approving a bipartisan bill late Tuesday to avoid tax hikes and postpone spending cuts that some analysts had warned could tip the economy back into recession.
The House voted 257-…
World financial markets began the new trading year on a positive note Wednesday after the hard-won deal over the so-called US fiscal cliff resulted in a relief rally in leading bourses.
Europe's benchmark Stoxx 600 index climbed 1 per cen…
The International Committee of the Red Cross (ICRC) is having to help more people in Europe where the economic crisis has driven many into poverty, its chief said in remarks published Wednesday.
"We see that people in most of the world…
The number of people with jobs in Germany hit a record high in 2012, with the nation's workforce swelling by 416,000, data released Wednesday showed.
The statistics office said employment in Europe's biggest economy rose by 1 per cent to …
The eurozone's manufacturing sector ended 2012 in recession, with a key index released Wednesday falling in December amid slumping production and lower export orders.
The London-based research group Markit said its purchasing managers' in…
US President Barack Obama said he would sign into law a congressional compromise to avert the so-called fiscal cliff of automatic tax hikes and spending cuts while calling it a first battle in a wider war on the deficit.
While a hit th…
The death of Italian scientist and physician Rita Levi Montalcini, 103, has claimed a tireless advocate for a hunger-free world, Food Agriculture Organization (FAO) Director-General, Jose Graziano da Silva said.
Montalcini, an FAO go…
Ireland took over the European Union's rotating six-month presidency on Tuesday, promising to focus on stability, growth and jobs amid the bloc's ongoing economic crisis.
Ireland - the first country under an international bailout progr…
The Ghana club 100 rankings are opened to all companies and are based on size, profits, and growth. The Ghana Club 100 has also come to be recognized as a listing of the 100 most prestigious companies in Ghana.
At our very first entry i…