Dr Kwabena Duffuor, Minister of Finance and Economic Planning, said on Wednesday that government would increase the salary contribution of employees from 12.5 per cent to 13 per cent to
increase their pension benefits.
He said the …
The West African offshore gas pipeline from Nigeria to Ghana has been completed but there are few difficulties, Mr Jack Derickson, Managing Director of West African Gas Pipeline Company (WAPCo) on Wednesday announced.
In an address re…
Dr Kwabena Duffuor, Minister of Finance and Economic Planning on Wednesday, said government would focus on key areas for economic growth.
These are the oil and gas industry, modernisation of agriculture, private sector development, provi…
The Minister of Finance and Economic Planning, Dr
Kwabena Duffuor said on Wednesday that the 2010 budget gave effect to the Government's commitment to create a "Better Ghana" for growth equity and
sustainable development for all.
H…
Dr Kwabena Duffuor, Minister for Finance and Economic Planning, on Wednesday said government would expand and complete key infrastructure in the country, including power, transport and
information and communications.
He said this w…
The Bolivian government on Wednesday approved a supreme decree authorizing a contract with the People's Bank of China, China's central bank for a 60 million-U.S.-dollar loan, which will be used to improve Bolivia's hydrocarbons sector.
…
Panama and Spain signed the "Program of the Enterprise Opportunities for Poor Families" on Wednesday to reduce the poverty rates in Panama's rural zones.
According to the program, a fund of 8 million U.S. dollars will be given to Pan…
Eximguaranty is to strengthen its position as a development finance institution uniquely established to be the credit guarantee institution for exporters and small and medium enterprises (SMEs) in the productive and services sector.
T…
Mr Frank Osei-Kwaku, a teacher at the Kaasi M/A Primary School in Kumasi, has donated 60 school uniforms valued at GH¢480 to some needy pupils in the school.
He said he was touched by the plight of the children, who were always seen …
The emerging markets like India and China will play a bigger role than earlier in the global economy and there would be continuous development in Asian urban centres when the recession ends, a leading investment expert said here.
"I…
India focused equity fund, UTI International India IT has become the best performing equity fund for sale in the Gulf Cooperation Council (GCC), gaining almost 46 per cent over the quarter.
A Fund Market Insight report by Lipper sai…
The North Eastern Chapter of Association of Rural Banks has called on the government and the Bank of Ghana (BOG) to protect rural banks from poaching of their staff by the traditional banks.
The Chapter, which comprises rural banks i…
Participants from Ahanta West District in the Western Region attending a workshop in Accra on Ghana's oil production, have called on government to come out with a clear policy on the acquisition and usage of lands in the area.
They …
The VAT Service on Tuesday closed down Quality Shop in Okaishie in the Central Business District of Accra for not registering with the Service.
Mr Dela Helloo, Head of Okaishie VAT Office, told newsmen that the shop, which belongs to…
Tomato growers in the Brong-Ahafo Region and some parts of the Ashanti Region have decried challenges including unfair trade regulations and unfair prices that militate against the industry and called on the government to help them to solv…
The Internal Revenue Service (IRS) on Tuesday organized a day's workshop in Cape Coast to educate tax-payers in the informal sector on a new "Tax Helper Software" it has developed to facilitate the early submission of tax returns and subse…
President John Evans Atta Mills has urged financial institutions to abide by the banking laws and render quality service to Ghanaians.
He said until recently some financial institutions had no or little regard for the country's banki…
Mr Victor-Herman Condubrey, Hohoe Municipal Chief Executive (MCE), said his administration had declared war on cocoa smuggling across Hohoe's eastern frontier with Togo.
"These smugglers and their collaborators must be cut to size," …
MTN Uganda, the sister company of MTN Ghana has won the Best Solution for Rural Services award at the second AfricaCom Awards held in Cape Town, South Africa during the 2009 AfricaCom conference.
A statement issued in Accra by Mrs Ge…
MTN Ghana subscribers in the Central and Western region have the opportunity to access MTN 3.5G technology, a statement issued in Accra on Tuesday said.
The statement signed by Ms Mawuena Dumor, Corporate Service Executive of MTN Gha…
Mr George Aboagye, Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC) on Tuesday urged people from the Volta Region to invest back home.
Speaking at a seminar as part of the Volta Trade and Investment Fair,…
Indonesian Industry Minister MS Hidayat has expressed the hope for enhanced trade and industrial ties with Malaysia and Singapore, detikcom online news reported on Tuesday.
The minister asked Malaysian investors to develop industry o…
The Philippine agriculture department has lifted the temporary ban on meat and bone meal imports from the U.S. as global health authorities has certified that incidence of mad cow disease in this country has been controlled.
Philippin…
The total number of Bangladesh's mobile phone subscribers reached 51.4 million at the end of October with addition of 6.76 million new users in the first 10 months of this year, statistics of the country's telecom regulator showed on Tuesd…
The Central Bank of Nigeria (CBN) has traced about 60 shops in Dubai belonging to one of the sacked bank chief executive officers.
Sanusi disclosed this in his presentation at the ninth meeting of the Honorary International Investor …
The cabinet of Prime Minister Yukio Hatoyama has laid out guidelines for an extra budget to be implemented during fiscal 2009, Finance Minister Hirohisa Fujii said on Tuesday.
The ruling Democratic Party of Japan (DPJ) also says it w…
Ghana is to host the 49th Annual General Assembly (AGA) of the International African Coffee Organisation (IACO) from November 23 to 27 2009, Chief Executive Officer of Cocoa Board (COCOBOD), Mr Tony Fofie announced in Accra on Tuesday.
…
Ecobank Ghana has launched an ultra-modern contact
centre to address customer needs and bring convenience to its clients as well as to enable it receive feedback to improve on total service delivery.
The centre, the first in the bank…
Five directors of Mauritanian primary banks were questioned on Sunday following the arrest of former Central Bank governor Sid'El Moctar Ould Nagi, local press reported.
Ould Nagi, who served as a minister under the regime of Maouiya…
Six of the member countries of the Association of Southeast Asian Nations (ASEAN) would bring their tariff to zero for all merchandises on Jan. 1 2010, a statement from the ASEAN Secretariat said on Monday.
The six countries were Bru…
Governor of the Bank of Japan Masaaki Shirakawa said Monday the U.S. Federal Reserve should be careful to make sure that reduced interest rates do not lead to a devaluation of the dollar or lead to a rise in long term interest rates.
…
Producers' output and input prices fell in the September quarter in New Zealand, both influenced by falling dairy prices, data from Statistics New Zealand showed.
Statistics New Zealand (SNZ) said on Monday the producers price index …
A Chinese trade delegation and representatives from Algerian companies met here Sunday seeking further cooperation in areas such as infrastructure construction, machine building, finance, service and agriculture.
Wan Jifei, president…
Remittance from overseas Filipino workers (OFWs) coursed through banks rose 8.6 percent on year to 1. 4 billion U.S. dollars in September on continued global demand for Philippine labor, the Philippine central bank reported Monday.
T…
Dr. Nii Moi Thompson, International Project Expert of the Local Economic Development (LED) of the International Labour Organization ((ILO), expressed concern on Monday the slow pace with which problems associated with the informal sector w…
A huge expo to market the economic potentials of the Volta Region and create a 'business highway' for investors into the various areas is underway in Ho.
The "Volta Trade and Investment Fair" coordinated by the Netherlands Developmen…
Newmont Gold Ghana Limited (NGGL) has set up a community development fund (CDF) and deposited an initial sum of $3.98 million into it solely for development activities in 10 communities in the Ahafo area.
Fact sheets made available t…
Mr John Alexander Kobina Ackon, the Obuasi Municipal Chief Executive, has appealed to micro and small enterprises (MSEs) to avail themselves of business training programmes that will make their businesses to grow.
He was speaking to …
The Auditor-General's (AG's) Department and its overseas collaborators has initiated moves to make auditing in the public sector more comprehensive.
Mr. Yaw Sipa, Acting Assistant Auditor-General, told journalists at the opening of a…
The First Pan-Africa Trade Fair and Investment Conference opened in Accra on Monday, with a call on the business community in Africa to see the event as the link to partner Africa with the rest of the world.
This is because Africa ha…
Credit rating agency ICRA Monday signed an agreement with Nepalese private equity firm
Himalayan Infrastructure Fund Ltd to float a joint venture to enter the neighbouring market.
The company in a statement to the Bombay Stock Exch…
TEK Cooperative Credit Union of the Kwame Nkrumah
University of Science and Technology (KNUST), on Monday inaugurated a new four-storey hostel and refurbished office complex at total cost of at
GH¢1,752,000 on the university campus.
T…
China's robust economic growth has fueled a number of mergers and acquisitions that, however, are facing new challenges and opportunities during the ongoing economic downturn, a legal expert in said Monday.
Zhang Xiaomeng, a foreign …
U.S. automaker General Motors Co. is expected to announce that it will begin repaying its 6.7 billion dollars in government loans ahead of schedule, official sources said on Monday.
The repayment is a sure sign that the Detroit autom…
U.S. automaker General Motors Co. said on Monday that it has lost 1.15 billion dollars since emerging from bankruptcy on July 10.
By announcing third-quarter results, GM gave the public its first comprehensive peek at the automaker's…
Russia and Slovakia plan to establish a joint venture which will distribute Russian gas in Slovak, news agencies quoted Prime Minister Vladimir Putin as saying on Monday.
"We have discussed the possibility of setting up a joint ventu…
Brazil's oil giants Petrobras and OGX announced on Monday their separate new oil discoveries in the Campos Basin off the country's southeastern coast.
The state-controlled Petrobras said it found light oil with estimated recoverable …
The U.S. Federal Reserve Chairman Ben S. Bernanke said on Monday that the country's economy will continue its recovery next year, but warning more challenges ahead.
The flow of credit remains constrained, economic activity weak, and …
Jacques Diouf, director-general of the UN Food and Agriculture Organization (FAO), expressed regret on Monday over a lack of concrete commitment in the global fight against hunger.
Speaking at a press conference concluding the first …
Brazil registered a total of 1.16 million new formal jobs in the first 10 months of 2009, according to the National Registry of Employed and Unemployed CAGED)'s monthly report, released on Monday by the Labor Ministry.
According to t…
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