WATS Limited Ghana, a Rana Motors Group Company, is expanding the network of the world acclaimed vehicle servicing concept, VULCO, in efforts to promote safety and prevent accidents on the roads.
Ghana is the first of 13 countries in…
Nandimobile Limited, a technology start-up company, co-founded by three graduates of Meltwater Entrepreneurial School of Technology (MEST), in Accra, has been granted the “Best Business” award at the LAUNCH Conference in San Francisco.
…
China's fast population aging will likely work to reduce price competitiveness of South Korean firms and lead to a buildup in inflationary pressure here, a report said Tuesday.
According to the report by the Samsung Economic Research I…
South Korea deferred a decision on whether to ban its citizens from visiting Libya due to concern that the move overly restricts people's right to travel freely and could hurt the country's business interests in the North African nation, a…
The 20 biggest university libraries in South Korea are dwarfed by their Western counterparts in terms of book possession at libraries, a study showed Tuesday.
According to the Korea Education and Research Information Service (KERIS), l…
A parliamentary committee on Tuesday decided to put off its discussions on a ratification motion for South Korea's free trade agreement (FTA) with the European Union until April, chief committee members said, as opposition members called f…
All neon signs and outdoor lights were turned off in Seoul's major business and entertainment districts in the early hours of Tuesday as government restrictions on nighttime lighting were enforced nationwide to cope with rising oil prices.…
The U.N. children's fund, UNICEF, said this week it received as of October last year only a fifth of the funding it had needed in 2010 to feed children and women in North Korea.
In its 2010 "Humanitarian Action Report," UNICEF had said…
China is seeking to create an additional 45 million jobs over the next five years in a bid to reduce the country's growing income gap, a government report said Tuesday.
According to the draft of China's new five-year economic plan, the…
The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, continued its good run, going up by 1.08 points to close at 1,059.89 points from 1,058.81 points on Monday.
The year-to-date now stan…
Mr Alhassan Azong, Minister of State in-charge of Public Sector Reforms, has bemoaned the falling standards of customer care delivery that had permeated Ministries, Departments and Agencies (MDAs) in the country.
“It is sad to note t…
An architectural design for the proposed ultra modern market complex for Kotokuraba, the main market in the Cape Coast Metropolis, was on Tuesday, presented to the Mayor of Cape Coast by Mr Ekow Sam, Architect of the project.
The pro…
The management of Main One Cable Company (MOCC), a private submarine network cable, is poised to launch superfast Internet connectivity and data download promotion in Accra.
It is expected to impact positively on businesses in the We…
The National Communications Authority (NMC) says all is set for the Mobile Number Portability (MNP) to take-off from 1st July, this year indicating that test run for personnel of mobile operators have begun.
MNP is a system that enab…
Small scale miners have been advised to adopt modern techniques and technology to improve their operations and minimize environmental degradation.
Nana Abena Apea, Tufuhene of Prestea-Himan said this at the election of new national e…
The Mpohor Wassa East District Chief Executive (DCE), Mr Anthony Bassaw, has admonished artisans to eschew lies and deceit, and make honesty their trademark.
He said there was a growing perception that tailors, dressmakers, carpenters…
A day’s workshop has been held in Bolgatanga to empower stakeholders, especially farmers, to grow sorghum and millet on large scale under the Food Facility Project funded by the European Union and International Fund for Agriculture Develop…
A new airline that will operate passenger and cargo services within Ghana and West Africa has been presented with its Air Carrier Licence (ACL) by the Ghana Civil Aviation Authority (GCAA).
Togbe Afede XIV, Chief Executive of SAS Fi…
The following are 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 Tuesday, March 8, 2011.
GHANA CEDI EQUIVALENT OF CURRENCY
…
Vice President John Dramani Mahama on Monday announced that the government, in collaboration with the World Bank and the African Development Bank, have put in measures to revive the cotton industry in Ghana.
He said the government w…
The Mpohor Wassa East, District Assembly has presented a gari processing machine worth GH¢1,800 to gari producers in the district at Nyame-Bekyere,
The donation was made after they were taken through a week-long management training w…
The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, on Monday, rose by 4.7 points to close at 1,058.81 points from 1,054.11 points.
The year-to-date now stands at 5.88 per cent.
T…
The head of South Korea's largest trade organization urged the country's National Assembly Monday to quickly ratify the free trade agreement (FTA) with the European Union (EU).
Sakong Il, chairman of the Korea International Trade Assoc…
Hyundai Motor Co., South Korea's largest automaker, on Monday unveiled the 2012 version of its luxury passenger sedan, the Genesis, with a new, powerful engine that outperforms its previous version in every aspect.
The 2012 Genesis com…
China will allow more imports from the United States and European Union (EU) this year in an effort to ease its trade imbalances with them, the head of China's trade promotion organization said Monday.
Wan Jifei, chairman of the China …
Output of five automakers in South Korea rose 6.4 percent on-year in February with strong demand at home and abroad also keeping their sales humming, an industry group said Monday.
Led by industry leader Hyundai Motor Co. and its affil…
The British economy suffered more than most in the global financial crisis but enjoyed a healthy return to growth in 2010. However, 2011 looks to present challenges including rising inflation.
The economy was the last of the G20 nati…
The management of uniBank Ghana has re-launched its mobile banking service with enhanced security features as a part of a broad strategy to broadening access to financial services.
Mr Ammishaddai Owusu-Amoah, uniBank Managing Direct…
North Korea's trade volume with China jumped 2.3-fold compared to the previous year in January, the Voice of America (VOA) reported Saturday, further indicating that the isolated communist country is becoming more economically dependent on…
Indian Finance Minister Pranab Mukherjee Saturday apprehended rising oil prices following political turmoil in the Middle-East will have serious policy implications but expressed optimism of dealing with the situation.
For a nation …
The Ghana Trades Union Congress (TUC), has advised local unions to demand periodic review of their salary structures from their employers.
This, he said, would ensure that distortions in their salaries were dealt with.
Mr…
The World Bank has outdoored “Africa’s Future And The World Bank’s Support To It, February 2011, Africa Regional Strategy” that aims at facilitating the transformation of African economies to improve the lives of the people.
The new …
The United Nations World Food Programme (WFP) on Thursday said it has purchased 1,000 metric tonnes of maize, worth $360,000, from smallholder Ghanaian farmers.
Most of the farmers were trained by the Millennium Development Authority…
Mrs Betty Mould-Iddrisu, Minister of Education on Thursday reminded public sector workers that basic objective of the new pay policy was to correct distortions, anomalies and inequalities in salaries.
In addition, it was to streamlin…
Government is in dialogue with various stakeholders to ensure that education and training are made responsive to the country’s development needs.
Mr Enoch Teye Mensah, Minister of Employment and Social Welfare, who announced this, sa…
Tullow Oil plc (Tullow) announced on Thursday that its Enyenra-2A appraisal well in the offshore Deepwater Tano licence has successfully encountered oil in “excellent quality sandstone reservoirs”.
In a statement signed by Mr Gayhear…
South Korea is pushing to help its construction firms in Libya as they are faced with worsening business conditions due to the protracted turmoil there, the land and transport ministry said Friday.
There are 21 Korean builders engaged …
India faces an increasing inflow of counterfeit currency, produced primarily in Pakistan, and terrorist and criminal networks use this money to finance their activities in the country, an official US report has said.
"India faces an i…
Rapid growth of emerging economies like India, China and Brazil is boosting the American exports, US Treasury Secretary Timothy Geithner has said.
"Emerging economies like China, Brazil and India are growing very rapidly. That growth …
One year after the China-ASEAN Free Trade Agreement was established to benefit a market of 1.9 billion people, East Asian officials and scholars have begun to ponder the ways to integrate the economy of an even larger market.
The East Asi…
The number of Americans initially applying for unemployment aid last week plunged below 375,000, a threshold to signal a sustained drop in the unemployment rate, the U.S. Labor Department reported Thursday.
The Labor Department said that …
Brazil's economy increased 7.5 percent in 2010, a record high since 1986, authorities announced Thursday.
Gross domestic product (GDP) of the Latin America's biggest economy reached 3.67 trillion reais (2.21 trillion U.S. dollars) in 2010…
Despite continuing trade disputes, the United States and China share an unprecedented opportunity to boost the domestic economy and create jobs if they maintain close dialogue and
cooperation, former U.S. trade representatives (USTR) told…
European energy giants would be forced to abandon their transmission networks under new European Union (EU) rules which became applicable on Thursday.
"Today, a full set of new rules for the liberalization of Europe's energy markets turns…
Global food prices increased for the eighth consecutive month in February, the Food and Agriculture Organization said Thursday.
World cereal prices have advanced radically with export prices of major grains up at least 70 percent from Feb…
Mrs Hannah Owusu-Koranteng, Deputy Executive Director of WACAM, , says “citizens have the right to know not only how much their country earns from the sale of its natural resources but also whether this amounts to a fair deal”.
The D…
Vice President John Mahama on Wednesday opened the first-ever online trade fair that will enable local registered businesses to transact business across the computer, the phone and other Internet enabled devices.
In a speech read for …
Ghana and Japan on Wednesday signed two agreements in respect of Budget Support for Ghana’s Health Sector and Food Aid for the 2010 flood victims.
Under the agreements, Japan would provide budget support of about 200 million Japanese…
Aqua Vitens Rand Limited, acting for and on behalf of the Ghana Water Company Limited as the Operator, on Tuesday began installing 40,000 domestic water meters nationwide in the premises of consumers.
A statement issued by AVRL said …