Leaders of the Economic Community of West African States (ECOWAS), on Monday agreed that La Cote d'Ivoire should organise the 3rd Business Forum and the sixth ECOWAS Trade Fair simultaneously in November 2010.
They directed that the t…
Spain has pledged 262 million Euros to strengthen regional integration in West Africa.
An amount of 240 million Euros would be allocated to the ECOWAS Agricultural Policy (ECOWAP) national and regional priority programmes to increase…
Nigerian President Omaru Musa Yar'Adua, on Monday called on member countries to redirect resources to building regional infrastructures that would enhance trade and drive economic development.
He said it was sad to note that 30 years…
A Multi- Million Ghana cedi Fruit Juice Factory inaugurated early last year in the Wa Municipality to produce fruit juice for both the domestic and external markets is yet to begin production.
The project which was a partnership betwee…
Mr Joseph Nketsiah, General Manager of Home Finance Company Investment Services Limited (HFC-ISL), a subsidiary of HFC Bank (Gh) Limited, on Tuesday said the company had recorded a significant improvement in performance during the 2008 fin…
The World Bank on Thursday approved the action plan of the Second Urban Environmental Sanitation Project (UESP II) in Ghana, a release from the Bank’s Office in Accra has said.
The UESP II aims to improve urban living conditions in f…
Mr Jean-Louis Ekra, President of the Cairo-based Africa Export-Import Bank at the weekend said the Bank was ready to help industries to add value to their raw materials and facilitate trade between the continent and rest of the world.
…
The Ministry of Trade and Industry (MOTI), on Thursday affirmed government's commitment to create a functioning domestic market for the development and distribution of products for local consumption and export.
Ms Hannah S. Tetteh, th…
The main index of the Ghana Stock Exchange (GSE) slumped again in trading on Thursday on the back of losses by Ecobank Transnational Incorporated and CAL Bank Limited.
The main benchmark GSE All-Share index lost 62.22 points at 5,961…
The Auditor-General's report on the accounts of the Ghana@50 Secretariat, indicated that payment vouchers and supporting documents were not properly arranged for easy cross-reference.
It said; "The Secretariat did not maintain comple…
Alhaji Collins Dauda, the Minister of Lands and Natural Resources, has reiterated government's commitment to ensuring the country's mineral resources are exploited for the benefit of Ghanaians and other stakeholders.
In a speech read…
Farmers in the Afram Plains have expressed concern about the 36 percent interest rate being charged by the Afram Rural Bank on loans dispersed to them on behalf of the Millennium Development Authority (MiDA).
They said they could not pay…
The Steering Committee of the African Tax Commissioners from seven countries, has begun its second meeting in Accra to deliberate on tax issues.
The two-day meeting will also discuss the final draft Constitution of the African Tax Ad…
The Volta Regional Coordinating Council would in November this year organise a one week trade and investment fair to market the region and its districts.
In preparation to the fair, key personalities from the various municipal and di…
The Minister of Water Resources, Works and Housing, Mr. Albert Abongo, on Wednesday launched the second edition of the Ghana Property Awards 2009 in Accra with a call on stakeholders, to commit resources into affordable housing, which stil…
The World Bank on Thursday approved the action plan of the Second Urban Environmental Sanitation Project (UESP II) in Ghana, a release from the Bank's Office in Accra has said.
The UESP II aims to improve urban living conditions in f…
Alhaji Collins Dauda, Minister of Lands, Forestry and Natural Resources, on Thursday reiterated the commitment of the government to ensure the revival of the Ghana Consolidated Diamond Limited (GCD) at Akwatia to create employment for the …
European Union (EU) leaders will endorse a plan to introduce a new system of pan-European financial supervision to prevent recurrence of the current crisis, according to a draft conclusion to be adopted Friday.
The EU summit "recomme…
The Cape Coast Metropolitan Assembly is working out modalities to automate all its revenue sources to make easier for the computerization of targeted revenue to check fraud.
Mr Anthony Egyir Aikins, Metropolitan Chief Executive, told…
Barclays Bank Ghana is the latest to join the growing list of banks, combining banking and insurance business within the same organisation.
Known as Barclays Bancassurance, the bank in partnership with Enterprise Life Assurance Compa…
President John Evans Atta Mills on Friday arrived in Abuja, Nigeria, ahead of an ECOWAS summit on Monday, to hold talks with Nigerian leader Umaru Musa Yar'Adua, on the supply of gas and petrol to Ghana.
The talks are expected to lea…
Mr. Oupa Magashula, Acting Commissioner of the South African Revenue Service, on Friday asked African Tax administrators to forge a united front, in order to strengthen tax mobilisation to ensure minimal loss of revenue to the continent.
…
Indian Prime Minister Manmohan Singh said on Thursday that the BRIC economies are a factor of stability and growth amid the global economic crisis when commenting on the first BRIC summit meeting in Russia earlier this week, according to l…
The Customs, Excise and Preventive Service (CEPS), Value Added Tax Service (VAT) and Internal Revenue Service (IRS) are to be integrated under one body to be known as the Revenue Agencies Authority.
To this end all transfers, promoti…
Asikuma-Odoben-Brakwa District has collected almost half of its budgeted total revenue for this year within five months, the District Chief Executive, Madam Georgina Nkrumah Aboah, has said.
Speaking at an assembly meeting at Breman …
China will work more closely with Spain to deal with global economic slump and climate change among other issues concerning world peace and development, said a senior official of the Communist Party of China (CPC) on Monday.
China-Sp…
Brazil's President Luiz Inacio Lula da Silva, who is visiting Kazakhstan, said on Wednesday that the international financial crisis made countries more equal and paved the way for a new global order.
"I want to say that before the cr…
Organized labour on Friday warned that if by Friday, June 26, nothing concrete is heard from government on salaries for public sector employees for 2009, "leadership of organised labour cannot take responsibility for any industrial unrest"…
Some Small and Medium Scale Enterprises (SMEs) in the Northern Region have been educated on financial management skills, records keeping and budgeting leading to better management of their enterprises so as to boost the economy of the coun…
Zimbabwe needs an attractive tax regime to bring competitive human skills as the government gears to revive economy, the Zimbabwe National Chamber of Commerce (ZNCC) has said.
ZNCC Mashonaland chairperson, Oswel Dinha said the curr…
President John Evans Atta Mills is due in Nigeria on Friday to hold discussions with Nigerian President Omar Yar' Adua on a wide range of issues including the availability of gas from Nigeria to Ghana.
He said Government wanted to en…
The Anlo Rural Bank made a profit of 32,711 Ghana cedis last year from 3,927 Ghana cedis in 2007, an increase of 800 per cent.
Its share holdings also rose to 256,530 Ghana cedis from 223,818 Ghana cedis, an increase of 15 per cent.…
Despite the global financial crisis, non-traditional exports (NTEs) put up a better performance in the first quarter of the year compared to the same period in 2008.
Data available from the Ghana Export Promotion Council indicate tha…
Crude prices dropped nearly 2 percent on Monday as the U.S. dollar extended its gains against a basket of major currencies.
Light, sweet crude for July delivery dropped 1.42 dollars, or 2 percent, to settle at 70.62 dollars a barre…
The tourism industry in Fiji anticipates an increase in visitor arrivals from traditional tourism markets between the months of June to October something the economy badly needs to boost the Pacific island nation's coffers.
Tourism…
The South Korean government said Tuesday it plans to create some 3,000 new job in the fields of culture, art and tourism this year in a move to help the sluggish job market.
South Korean Labor Minister Lee Young-hee and Culture Min…
More than 100 officials and businessmen from Chile and Russia met in Russia on Monday to deepen the bilateral commercial ties between the two countries.
According to reports reaching here from Moscow, the event entitled "Chilean-Ru…
Mexico's tourism and services industry saw 140,000 job cuts during the flu-hit period of April and May, a business organization said Monday.
Some 20,000 workers lost their jobs on the worst day of the epidemic, said Mario Sanchez …
The ongoing international financial crisis has brought grave challenges to global employment, and countries need to work together to overcome these challenges, a senior Chinese official said here on Monday.
As the most populous de…
The government of Afghanistan, in efforts to attract foreign capital and boost private sector, has put bid on its oil and gas fields in which 11 companies have shown their interest, a local newspaper reported Tuesday.
"So far 11 na…
Singapore launched on Tuesday a national media blueprint, the Singapore Media Fusion Plan, according to the country's Media Development Authority.
The plan sets out three strategies to propel the media sector forward. The first ai…
U.S. Ford Motor Co. Executive Chairman Bill Ford said Monday that government intervention has taken the automobile industry into uncharted territory and called for "transparency" from the government, the Detroit News reported.
"The…
The Vietnam's Ministry of Industry and Trade said that the country's power sector needs four to five billion U.S. dollars over the next ten years to develop its infrastructure construction to meet increasing demand, the Vietnam News report…
The Inter-American Development Bank (IADB) on Monday granted Mexico a loan of 600 million U.S. dollars to help it boost a social welfare program, said the Finance Ministry.
The program, called Opportunities, gives the poorest famil…
U.S. authorities are requiring all U.S. airlines to gather more personal data of the passengers, including full names, dates of birth and genders, officials said.
Airlines operating domestic flights must comply with the new rule ea…
The European Investment Bank (EIB) is bolstering energy efficiency in Finland, Poland and Sweden with a 250-million-euro (about 346.26 million U.S. dollars) loan to Fortum Corporation, headquartered in Espoo, Finland, said a press release …
The Finnish Parliament approved a 10 percent increase in alcohol tax on Monday and alcohol prices in Finland will rise by an average of 4.5 percent from the beginning of October this year.
Prices of spirits are to increase the most…
The German carrier Lufthansa announced here on Monday that it has increased a second weekly flight to Angola with its first service opened on June 4 to strengthen its position in the African market.
Karl Ulrich Garnadt, deputy exe…
Gold futures on the COMEX Division of the New York Mercantile Exchange dropped for the second straight session and closed at another three-week low on Monday as dollar sharply went up. Silver and platinum finished much lower, too.
…
Wall Street tumbled on Monday as the U.S. dollar rose against most major currencies and the manufacturing sector in New York region contracted at a faster pace.
The U.S. dollar rose against most major currencies on Monday followin…
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