The World Bank has approved two projects worth USD 1.05 billion (over Rs 4,800 crore) for India, aimed at expanding the reach of primary schools and the quality of engineering education in the country.
"The World Bank today approved…
Ms Bertha Ansah-Djan, Chief Executive Officer of Micro Finance and Small Loans Centre (MASLOC), says the corporate entity is creating business opportunities to link producers with buyers to sustain the support given to entrepreneurs.
…
The successful conclusion of the Doha round of trade negotiations would substantially augment global trade, Indian Minister of Commerce and Industry Anand Sharma said here.
"It is clear and there is no disputing the fact that the su…
Indian auto components manufacturer Sakthi Automotive has sold its insolvent German business to the US-based MAT Holdings for an undisclosed amount.
MAT Holdings has already set up a German subsidiary which will take charge of the o…
India will add six per cent more oil refining capacity than planned by 2011-12 to take the installed capacity to 256 million tonnes per annum, Planning Commission said in its mid-term appraisal of the 11th Plan.
The total refining ca…
The head of Microfinance and Small Loans Centre, (MASLOC) Ms Bertha Ansah-Djan, has said that accelerating access to credit for the vulnerable who are productive would alleviate poverty.
She said: "Microfinance as a tool is one of th…
Qatar has agreed to supply 4 million tonnes of additional liquefied natural gas (LNG) to India, but at more than double the rate of Reliance Industries' KG-D6 gas.
The world's largest LNG exporter, which currently sells 7.5 million …
The recent natural catastrophes have worsened the already critical economic situation of some Caribbean nations, a senior UN official said Thursday. Alicia Barcena, executive secretary of the UN Economic Commission for Latin America and th…
Ministers from the European Union (EU) and African, Caribbean and Pacific (ACP) nations reached consensus here on the second revision of the ACP-EU partnership agreement, the so-called Cotonou Agreement which was concluded in 2000.
The ag…
Urging the US to reform its visa policies, India's Commerce Minister Anand Sharma said here Sunday that the paranoia of the Americans about Indians taking away their jobs, especially in the IT and services sectors, is a myth.
There…
The Accra bourse index gained on Friday with
financial stocks, adding the most points to the index.
The benchmark, GSE All-Share Index, went up 15.66 points at 5,841.71 points from 5,826.05 points.
The year to date change now…
The recent natural catastrophes have worsened the already critical economic situation of some Caribbean nations, a senior UN official said Thursday. Alicia Barcena, executive secretary of the UN Economic Commission for Latin America and th…
Ministers from the European Union (EU) and African, Caribbean and Pacific (ACP) nations reached consensus here on the second revision of the ACP-EU partnership agreement, the so-called Cotonou Agreement which was concluded in 2000.
The ag…
Urging the US to reform its visa policies, India's Commerce Minister Anand Sharma said here Sunday that the paranoia of the Americans about Indians taking away their jobs, especially in the IT and services sectors, is a myth.
There…
The Accra bourse index gained on Friday with
financial stocks, adding the most points to the index.
The benchmark, GSE All-Share Index, went up 15.66 points at 5,841.71 points from 5,826.05 points.
The year to date change now…
The recent natural catastrophes have worsened the already critical economic situation of some Caribbean nations, a senior UN official said Thursday. Alicia Barcena, executive secretary of the UN Economic Commission for Latin America and th…
Ministers from the European Union (EU) and African, Caribbean and Pacific (ACP) nations reached consensus here on the second revision of the ACP-EU partnership agreement, the so-called Cotonou Agreement which was concluded in 2000.
The ag…
Urging the US to reform its visa policies, India's Commerce Minister Anand Sharma said here Sunday that the paranoia of the Americans about Indians taking away their jobs, especially in the IT and services sectors, is a myth.
There…
The Accra bourse index gained on Friday with
financial stocks, adding the most points to the index.
The benchmark, GSE All-Share Index, went up 15.66 points at 5,841.71 points from 5,826.05 points.
The year to date change now…
Pakistani-American David Coleman Headley, charged with conspiring in the Mumbai terror attacks, is set to plead guilty before a US court in an apparent bid to bargain for a lighter sentence and escape death penalty.
49-year-old Headle…
Vice President John Dramani Mahama on Wednesday entered into an agreement with Kirloskar Brothers Limited, a multi-Purpose Engineering Company to rehabilitate all existing irrigation facilities and consider building new ones to support far…
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 Thursday March 18, 2010.
GHANA CEDI EQUIVALENT OF…
Gas Authority India Limited (GAIL), a gas producing firm and its subsidiary Companies in India on Wednesday expressed their interest in establishing a ferilizer factory in Ghana
to serve farmers within and outside Ghana.
The factory w…
Alhaji Amadu Sorogho, Chairman of the Parliamentary Select Committee on Trade, Industry and Tourism, on Thursday commended the Ministry of Trade and Industry for sending a 50-member business delegation to participate in the Confederation o…
Government remains committed to creating the enabling environment for investors to have the maximum returns on their investment, President John Evans Atta Mills said on Thursday.
Government, the President said, would also partner pro…
The Ashanti Regional Chairman of the Association of Small-Scale Industries (ASSI), Mr Kwame Bour, has urged artisans to form partnerships, to make it easier for them to access bank credit.
He said through this, they would be able to …
A delegation of Russian businessmen and scientists is expected in the country on March 25, this year, for a 10-day visit, to explore business and investment opportunities.
The team to be led by Russian born Ghanaian, Professor Sergey…
Shortage of Liquefied Petroleum Gas (LPG) in Sunyani is having an adverse effect on the activities of commercial drivers, notably taxi operators, in the municipality.
The situation, which has persisted for more than a month, has forc…
ActionAid Ghana (AAG), has lauded Ghana as it pledged its support to the nation for not signing the Economic Partnership Agreement (EPA), a trade partnership agreement between EU and African/Caribbean countries.
"We are pleased to he…
India Tuesday told the US to further streamline its rigid export controls saying that barriers continue to hamper transfer of high-technology.
New Delhi identified the specific barriers which it said were coming in the way of high-t…
New Delhi is fully committed to take the Doha round of trade negotiations to a successful conclusion, Indian Commerce and Industry Minister Anand Sharma has said.
"We have a firm commitment to take it (Doha round) to a successful co…
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 Thursday
March 18, 2010.
GHANA CEDI EQUIVALENT…
Taking trade and business ties to an altogether new level, India and the US on Wednesday signed a framework for cooperation on trade and investment to strengthen bilateral cooperation and to further build on the recent rapid growth in bila…
Indian Commerce and Industry Minister Anand Sharma Thursday said Asia played a key role in the global economic recovery as many of the countries in the
region, including India, never went into a full-blown recession as witnessed by the we…
The Vodafone Group, the world’s leading mobile telecommunication company, has earmarked one million US dollars for the training of entrepreneurs in Africa to leverage the World Wide Web as a platform for delivering locally relevant content…
The MTN Group topped the list of 16 world leading telecom service providers in terms of revenue growth over the past three years, a service provider benchmarking research by TeleGeography has said.
Highlights of the report copied to G…
The Crops Research Institute (CRI) has introduced 12 newly developed improved rice, maize and cassava varieties to support government's efforts at achieving food security.
The improved varieties, which have higher yields, nutritional val…
Vice President John Dramani Mahama on Monday signed an agreement with Mihindra Company Limited to supply one thousand tractors to farmers during this year's farming season.
The Company which has the capacity of manufacturing 250 tract…
MTN subscribers in the country, surged to eight million, last year, a rise of 24 percent.
Mrs Mawuena Trebarh, Corporate Services Executive, said the rise gives MTN a market share of 55 per cent, despite fierce competition in the
te…
The Mass adoption of compact fluorescent lamps (CFLs) as the standard lighting device in Ghana has translated into an annual cash earning of 33 million dollars and carbon savings of 105,000 tons per annum, a report has disclosed.
Ele…
Zain Ghana, a mobile telecommunication provider in Middle East and Africa, has introduced Zap service to enable subscribers and corporate institutions to send and receive money nation-wide.
Zap is a mobile banking and payment platfor…
Cocoa Processing Company, a cocoa manufacturing firm, said on Tuesday that it processed 14,178.32 metric tonnes of cocoa in 2009 just about 24.4 per cent of the planned output of 58,050 metric tonnes.
The company’s confectionery fact…
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 Wednesday March 17, 2010.
GHANA CEDI EQUIVALENT O…
Mr Yaya Yedan, Country Representative of the Burkina Shippers' Council in Ghana, has said elimination of trade barriers in West Africa was the key to the economic growth of the sub-region.
Speaking at the launch of a Trade Show at t…
A Chief Economist of World Bank's Africa Region, on Monday said the passage of the Right to Information (RTI) Bill together with media support could help curb "quiet corruption" in the country.
Mr. Shantayanan Devarajan, Principal Ec…
Mr. Peter Azumah, Director-General of the Ghana Maritime Authority (GMA) said the institution will demand that all operators in Ghana's oil sector operate on internationally acceptable standards.
He said the sector was new in Ghana a…
Mr Kwame Ofosu-Ampofo, Eastern Regional Minister has advised mining companies to organize periodic training programmes for their unskilled workforce to help build their capacity to cope with work.
He said this would enable the youth …
Dr Kwame Ampofo, acting Managing Director of the Tema Oil Refinery (TOR), on Monday assured Ghanaians that everything possible was being done to get adequate supply of Liquefied Petroleum Gas (LPG) in the country.
Dr Ampofo who gave …
Vice President John Dramani Mahama on Monday advised African leaders participating in the Confederation of Indian Industry, EXIM Bank business conclave in New Delhi, India, to use the opportunity to fight hunger, poverty and diseases.
…
President John Evans Atta Mills, on Monday assured the Millennium Development Authority (MiDA) Board of Directors of Government's assistance, and asked them to be transparent and accountable for the renewal of the compact to Ghana.
T…