The Association of Independent Mobile Phone and Credit Dealers (ASIMODE) has expressed concern about the increasing frequency by which mobile phones are being used for criminal activities.
The existence of ready market for stolen and …
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 Monday, October 4, 2010.
GHANA CEDI EQUIVALENT OF …
President John Atta Mills has directed the Ghana Cocoa Board to process the arrears of the 2009/2010 bonuses of cocoa farmers for the Ministry of Finance to pay in two instalments before December.
"The government is poised in pay rele…
The Asante Akim South District Assembly is to roll out a programme to monitor activities of cocoa purchasing companies without depots in the district as the new cocoa season approaches.
The move is to check the transportation of cocoa…
Fisher folks in the Ellembelle District and environs have expressed worry over the presence of algae which have taken over the sea for the past 8 months.
The situation has stagnated economic activities of fishermen in the area as they…
The World Bank Group President Robert B. Zoellick on Wednesday urged a rethink of development economics to make it more useful to policy makers and announced a reorientation of World Bank research so it taps more effectively the experience…
Mr Abraham Koomson, General Secretary of the Textile Workers Union, announced on Thursday that the textiles companies in collaboration with the security agencies have stepped up the network to arrest and destroy all pirated fabrics.
"…
Communique: western region development forum - Takoradi on 24th to 25th September 2010
We, the representatives of Traditional Rulers, Civil Society and Community Based Organizations of the Western Region, gathered and having
participated…
President John Evans Atta Mills has assured Japan of Ghana's readiness for a new partnership that would engender growth and promote increased prosperity for their peoples.
He praised Japan for its highly skilled manpower and techno…
Government has released to the Ghana International Airlines Limited (GIAL) funds for the payment of laid-off workers of the struggling airline.
The release of the money follows a plea by the Airline's Board to enable Management settle…
Ghana is to collaborate with Egypt in the fields of research, private sector investment, seed and textile production, marketing, and transfer of knowledge and skills towards the revival of the cotton industry in Ghana.
This agreement …
Japan is to come out with an assistance package to enable Ghana to construct the Eastern Corridor roads as well as a major improvement of the Adansi-Praso-Bekwai Junction roads.
Under the Adansi-Praso-Bekwai Junction stretch, the r…
Deputy Trade Minister, Mahama Ayariga on Wednesday said a West African-wide Economic Partnership Agreement (EPA) with the European Union would be implemented sooner than later.
EPAs are a reciprocal trade arrangement under which the E…
Coca-Cola Company would provide jobs for five million women entrepreneurs throughout Coca-Cola's global business system by 2020, Muhtar Kent, Chairman and Chief Executive Officer, has pledged at a plenary session of Clinton Global Initiati…
Shareholders of Produce Buying Company Limited (PBC), on Wednesday passed a resolution to borrow on behalf of investors in excess of the company's stated capital, to the limit of the value of annual cocoa purchases.
Dr John Abu, Chair…
The Mponua Rural Bank at Amuana Praso in the Birim North District made a net profit of GHC 60,104 last year after plunging into a loss of GHC 20,118 two years ago.
The Chairman of the Board of Directors of the bank, Mr George Osei Ame…
Foreign Minister Alhaji Muhammad Mumuni has urged industrialised countries to deliver their funding pledges, saying the numerous pledges must be honoured to assist developing countries.
These should include $30 billion in fast-track f…
Development Economics Needs to Better Help
Policymakers, Zoellick Says World Bank to Shift Development Research Approach to Draw on Developing World Experience WASHINGTON, September 29, 2010 World Bank Group President
Robert B. Zo…
Government and Development partners rose from their consultations on Monday, agreeing that the country must focus on retaining budget deficit to contain inflation and provide the basis for a strong private sector despite the strong progres…
South Korea welcomes a recent proposal to establish a secretariat for the Group of 20, a ranking Seoul official said Tuesday, saying the countries must seriously consider institutionalizing the economic forum.
Sakong Il, head of the or…
Small scale businesses and petty trading in the Suhum Kraboa Coaltar District are collapsing as a result of increases in revenue and tolls by the district assembly.
Mr Ernest Agorh, Secretary to the Suhum Traders Union, made this kno…
The Government of Japan is to renew a number of grants to Ghana which were removed in previous years following Ghana's adoption of the Heavily Indebted Poor Countries (HIPC) initiative.
With Japan's renewed confidence in the Gh…
The AKyempem Rural Bank, would soon introduce an Automated Teller Machines (ATM) as part of its 18-month corporate strategy to better serve the needs of clients and up its profits.
Colonel (Rtd) K. K. Nyame, Chairman of the board of …
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, September 28, 2010.
GHANA CEDI EQUIVALEN…
China allowed its currency to strengthen against the U.S. dollar on Tuesday amid Washington's escalating demands that Beijing speed up the appreciation of the yuan.
According to the central People's Bank of China, the yuan's central pa…
Rounds made by the Ghana News Agency (GNA) to some of the lorry parks in Accra showed that, squatters at those places were not aware of the Census Night programme.
According to some of the squatters, the publicity for the night had be…
The three-week long 2010 Yam Festival of the Asogli Traditional Area, which ended on Sunday with a thanksgiving church service, represents the single most important business stimulating event in Ho and its environs for years.
The cele…
Government would ensure that sectors such as agriculture and mining do not play second fiddle to oil and gas in the development of the Ghanaian economy, Finance Minister Dr Kwabena Duffuor reiterated on Monday.
Speaking at the opening…
The Export Development and Investment Fund (EDIF) has donated farm inputs worth GH¢99,952.50 to a pineapple farmers' association in Mfantseman.
The association called Blue Skies Organic Collective (BSOC), is made up of pineapple farm…
The Head of Private and Executive Banking at Fidelity Bank, Karl Andah says the key to attracting and retaining customers in any successful banking relationship is that of a win-win relationship with the client. According to him, every cus…
Ghana Embassy in China is poised to effectively play its liaison role between the Governments of Ghana and China to facilitate the realization of development packages agreed upon for Ghana following President Atta Mills' recent visit.
…
The Managing Director of Barclays Ghana, Mr Benjamin Dabrah, has assured customers and potential customers of the bank that Barclays will continue its "Double Your Salo" promotion next year.
The promotion, which started in April this y…
South Korean stocks are expected to extend their upward momentum next week helped by positive economic indicators at home and abroad, analysts said Saturday.
The benchmark Korea Composite Stock Price Index (KOSPI) finished at 1,846.60 …
President John Evans Atta Mills, on the third-day of his state visit to China, has appealed to his host to increase her investment in Ghana for mutual benefits and to accelerate the country's socio-economic development.
He paid tri…
Indian industrialists would take up the outsourcing issue during the Indo-US Private Sector Advisory Group (PSAG) meeting here on Tuesday, Federation of Indian Chamber of Commerce and Industry president Rajan Bharati Mittal said.
"T…
The Chief Executive of Ghana Interbank Payment and Settlement System (GhIPSS), Mr Fred France has noted that the Cheque Codeline Clearing (CCC) introduced in September last year has enhanced customer service delivery.
Speaking in an …
China Exim Bank and Government of Ghana signed a $10.4 billion concessionary loan for the development of a railway system from Kumasi to Paga, Ghana's Eastern Corridor roads network and other sectors of the economy.
Four billion dol…
Stanbic Bank Ghana, a member of the Standard Bank Group, has confirmed that the Ghana Cocoa Board's 17th annual pre-export finance facility (COCOBOD) has secured a record number of commitments.
Standard Bank was one of the joint manda…
The Lands Commission is reviewing the implementation of the redevelopment schemes in Accra taking into account "legality, morality and ethical considerations".
It said in pursuance of the current government policy to return some of t…
Government is to establish a fisheries college at Anomabo in the Central Region as part of its Fisheries Development Plans, Mr Kwesi Ahwoi, Minister of Food and Agriculture has announced.
In addition, he said, government would also pro…
Wrong fermentation of cocoa beans causes low grading and sub-standard produce, the Central Regional Chief Cocoa Farmer, Nana Kwesi Offori, has advised colleague farmers in the sub-sector.
He said cocoa farmers must always strive to ad…
Research Scientists have called for the urgent development of programmes on how to adapt certain agricultural practices for farmers to cope with the effects of climate change.
There is also the need to develop innovations to improve f…
Vice President John Dramani Mahama has once again stressed the need for more relevant and applied energy research that would make concrete impact on the lives of the citizenry, especially in the area of electric power supply and utilizatio…
The Ghana Grid Company Limited (GRIDCo) has started transmitting electricity through the West Africa Power Pool (WAPP) sponsored transmission line.
The Project is designed to fit into the proposed West African Transmission Grid, and …
The Ghana Stock Exchange (GSE) has been adjudged the "Most Innovative African Stock Exchange for 2010".
This was at the Africa investor (Ai) Index Series Awards held at the New York Stock Exchange (NYSE) last Friday, according to a s…
Students of the Wa Campus of the University of Development Studies, (UDS) on Sunday, encouraged Ghanaians to whip-up their support for the government towards the attainment of the Millennium Development Goals (MDGs) by 2015.
The made th…
The West African Media Network for Millennium Development Goals (MDGs), has expressed concern at the low growth rate being recorded by member countries of the Economic Community of West African States (ECOWAS).
The Group said the curr…
Mr. Kofi Kutsoati, Central Regional Manager of the Produce Buying Company (PBC), has warned that marketing clerks, who would perform poorly as a result of their selfish interest, would not be spared.
He called on PBC District Managers…
Vodafone Ghana and Research In Motion (RIM), on Saturday outdoor one of the world's smart-mobile-phone "BlackBerry" brand to the Ghanaian telecommunication market.
Features of the Vodafone Blackberry solution include smartphone softw…