The Ministry of Finance and Economic Planning has approved GHc10 million for the expansion and rehabilitation of the runway at the Kumasi and Sunyani airports, to accommodate more and larger aircrafts.
Contracts on the projects, inclu…
The International Food Policy Research Institute (IFPRI) has identified Unsustainable use of land, water, and energy as challenges threatening food security of the poorest and most vulnerable around the world.
In its 2012 Global Hunger I…
Mr George Pentsil, the Eastern Regional Officer of the Food and Drugs Board (FDB), has expressed concern that many sachet water producers were flouting operating standards, prescribed by the Board.
He advised owners and supervisors of…
Trade Ministers in the Economic Community of West Africa States (ECOWAS) have been advised to authorise the West African Monetary Institute (WAMI) to develop Terms of Reference and Governance Structure to operationalise the concept of Trad…
Vocational Skills for Women (VTF), a Christian institution, has presented 51 rural young women with assorted equipment to start up their own business as a means of empowering them to cater for their families.
The items estimated at GH¢ 3…
Alhaji Collins Dauda, Minister of Transport, on Wednesday said a Memorandum Of Understanding had been signed with China Airports Construction Corporation (CACC) to undertake feasibility study for a conceptual design for a new airport in th…
The Bank of Ghana (BOG) has stepped up efforts at helping to deepen public understanding of the Borrowers and Lenders Act 2008 (Act 773) to promote transparency in the credit delivery system.
As part of this, an outreach programme…
Standard Chartered Bank (SCB) in partnership with Enterprise Life Assurance Company on Tuesday introduced Care4Ladies Insurance Plan, the first ladies-only insurance product in the market.
The care4ladies insurance plan is a life assuranc…
The Controller and Accountant-General's Department is to introduce new scheme of service for its' staff, in order to meet challenges in service delivery, Mr. Andrews K.K.Kufe, the Deputy Controller and Accountant-General, said on Tuesday.
…
Introduction and Background In recent times the Ghana Statistical Service (GSS) has been processing
and publishing more data on the economy than it was doing previously.
More generally, rapid technological advancements, changes in data g…
The School of Money, a 700-page book on entrepreneurship was launched in Accra over the weekend to serve as a guide for wealth creation to transform the lives of people.
Mr Emmanuel Olumide, Author of the Book and a leading Motivational S…
Mr Fifi Kwetey, a Deputy Minister of Finance and Economic Planning, is leading a Government delegation to the International Monetary Fund and the World Bank Annual Meetings in Tokyo, Japan, scheduled from October 9 - 14, 2012.
Other membe…
Mr Franklin Belnye, Head of Banking Supervision of the Bank of Ghana, has appealed to the government to consider channeling funds meant for district assemblies through rural and community banks.
He said this would amount to some sort of "…
Enterprise Life has officially launched its Gambian subsidiary, Enterprise Life Gambia, at a colourful ceremony at the Coco Ocean Resort and Spa, Hotel in the Gambia, recently.
Enterprise Life, the second-largest life insurance underw…
The ARB Apex Bank Limited has solicited funds from the Danish Development Agency to support the merger process of Rural Community Banks (RCBs).
Board Chairman of the Apex Bank, Nathaniel Arthur who announced this said the merger woul…
The high growth rate in agricultural production in the country has caused a radical decline in poverty and hunger from 52 per cent during the early 1990’s to about 20 per cent in 2011.
This makes Ghana, one of the few African countri…
Mr Peter Ochere Addai, Manager of the West Africa Office of Air Namibia on Thursday said Ghana’s transport sector could only improve with the required infrastructure and the employment of professionals to effectively manage the systems.
…
Thirty small-scale farmers drawn from the Ga East and Pru in the Greater Accra and Brong-Ahafo Regions respectively on Thursday ended a three-day capacity workshop on agricultural policies.
The workshop was organized by the Ecumenic…
This first-of-its-kind product will improve access to hedging instruments to shield consumers and producers of agricultural commodities from price volatility. It will also protect buyers from price rises in food-related commodities such a…
The African Evaluation Association (AFREA), a professional monitoring body, was on Wednesday introduced into the Institute of African Studies, University of Ghana to develop and improve a strong and connected African evaluation community.
…
Speakers at the “Jubilee First Oil Exhibition” in Ho on Wednesday, asked students to take their studies seriously because Ghana’s emerging oil industry offers them a future of unlimited opportunities.
Mr Kennedy Noonoo, a representat…
Members of the Teachers and Education Workers Union (TEWU) of GTUC would “soon smile” because the Union and the social partners are about resolving problems associated with the Single Spine Salary Structure (SSSS).
Madam Johanna Hamm…
The Ghana Statistical Service (GSS) on Wednesday announced a fall in the Producer Price Inflation (PPI) for May 2011 to 23.8 per cent, compared to 24.29 per cent in April.
On a month-on month basis, producer prices rose 0.74 per cent …
Sales of smartphones running Google Inc.'s Android software surpassed the 10 million mark in South Korea this week, according to data from the country's mobile carriers Wednesday.
The country's largest mobile carrier, SK Telecom Co., h…
China's worst floods in decades will likely add upward pressure to rising food prices, further fueling already high inflation in the world's No. 2 economy, government officials said Wednesday.
China's consumer prices rose 5.5 percent i…
South Korea's top central banker said Wednesday that high sovereign debt poses a threat to economic and financial stability, adding that monetary tightening needs to be backed by efforts for fiscal consolidation.
"There is a little dou…
South Korea will use a total of 910 billion won (US$843 million), including private investment, in a package of projects to support residents on five western border islands for the next 10 years since they live under constant threats from …
The United State is facing tougher challenge as the world largest economy grows at slow pace and the unemployment hovers at high level, according to John Bryson, nominator to be Secretary of the Department of Commerce.
"We all know that t…
South Korea should focus on boosting domestic demand and stabilizing the livelihood of ordinary people in its economic polices during the second half, the nation's top economic policymaker said Wednesday.
The remarks by Finance Ministe…
The International Monetary Fund has urged Spain to press ahead with more job-market reforms aimed at cutting its unemployment rate of 20.7 percent.
The IMF also released its review of Spain's economy on Tuesday, which says the policy resp…
Staying with Japan, and the Kyodo News agency is reporting that Japanese Prime Minister Naoto Kan will step down before mid-August.
The reports say Kan will resign after securing the passage of a second budget for the 2011 fiscal year. Ka…
Recent uprisings in the Middle East and North Africa have raised questions about the capacity of financial centres to stop the flow of resources generated by corruption.
Barriers to Asset Recovery released today by the World Bank Gr…
The following is the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi, as issued by the Ghana Association of Bankers on Thursday, June 23, 2011.
GHANA CEDI EQUIVALENT OF …
The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, inches down for the second straight session, losing 0.82 points to close at 1,185.75 points on Thursday from 1,186.57 points.
The yea…
The following is the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi, as issued by the Ghana Association of Bankers on Wednesday, June 22, 2011.
GHANA CEDI EQUIVALENT OF…
The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, fell by 1.66 points to close at 1,186.57 points from 1,188.23 points.
The year-to-date now stands at 18.66 per cent.
The GSE-Fi…
Dr Kwabena Duffuor, Minister of Finance and Economic Planning, on Monday said Ghana had made significant strides towards reducing poverty over the last two decade from 51.7 per cent in 1992 to 28.5 per cent in 2006.
He said the trend…
In an effort to strengthen trade ties between the two countries, Australia has invited Indian investors to invest in sectors such as coal mining, infrastructure, information technology parks and wineries there.
Australian Trade Comm…
Amidst panic in the stock market over double tax avoidance treaty with Mauritius, Indian government on Monday said India "cannot impose arbitrarily" capital gains tax on investment routed through the island nation.
"How can you do t…
The World Bank has estimated that about US$1 trillion is lost through bribery and corruption worldwide.
These is contained in results of surveys of enterprises by the World Bank to ascertain the amount of bribes paid for the operatio…
Officials from South Korea and the European Union (EU) on Monday gave high marks to a free trade accord between the two sides and said the trade pact will serve as a model for similar subsequent deals.
Seoul and Brussels are set to imp…
North Korea has dramatically cut its goal of building 100,000 houses by next year, a government source said Monday, amid the North being economically squeezed by the international community for its nuclear and missile programs for
years.
…
The Seoul city government is considering expanding the current free lunch program to cover about
half of students from households with lower-than-average income by 2014, city officials said Monday.
The city government had originally p…
South Korea's leading automaker Hyundai Motor Group continued to be the best-selling Asian brand in Europe last month despite a slight drop in its market share there, an European industry group said Monday.
The group sold 58,585 vehicl…
President Lee Myung-bak said Monday that South Korea will establish an international research center charged with developing environment-friendly "green" technologies in cooperation with leading research institutes from home and abroad.
…
A renowned Hong Kong food critic is visiting South Korea this week to help the country better attract Chinese tourists and further promote local cuisine, the culture ministry here said Monday.
Chua Lam, a movie-producer-turned-food cri…
Online cosmetic advertisements containing false claims or misleading information have increased
sharply in the first quarter of this year, the Seoul municipal government said Monday.
The city government said it has discovered 191 case…
The International Monetary Fund on Friday urged the United States to raise its federal debt ceiling to
avert a default.
"Should Congress prove unwilling to raise the debt ceiling, there would be a risk of a major adverse market reaction,…
European aircraft manufacturer Airbus announced Sunday to enhance the thrust of its long range A350-1000 passenger planes with Rolls-Royce's more powerful Trent XWB engines, but the entry into service of A350-1000 is thus delayed to mid 20…
Commercial Aircraft Corporation of China Ltd. (Comac) on Sunday set up its European office in Paris, the second overseas branch after its U.S. office, marking a new step for China's aviation industry in opening-up and international exchang…
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