Vice President Paa Kwesi Bekoe Amissah-Arthur on Tuesday gave the assurance that Government is looking for ways to generate more power and increase access to small and medium scale entrepreneurs.
This, he said, is to create more jobs…
The Ghana Revenue Authority (GRA) said on Thursday it would intensify its distress action to recover monies owed it by recalcitrant corporate entities.
Mr Samuel Bentil, Chief Revenue Officer GRA, gave the warning after a team of of…
Japanese electronics maker Sony has sold the 37-storey building serving as its US headquarters in New York for 1.1 billion dollars, the company announced on Friday.
After debts and other costs, Sony will book around 685 million dollars…
Germany's second biggest bank, Commerzbank is considering slashing its workforce by between 4,500 and 6,000 as the lender steps up a cost-cutting drive, according to a media report on Friday.
The daily Frankfurer Allgemeine Zeitung report…
Mr Jones Kwabena Akrasi, Director of Lawson and Sons Financial Services, a Kumasi-based non-banking financial institution, has appealed to government to appreciate the immense contribution of micro-finance companies to the country's socio-…
Mr Jones Kwabena Akrasi, Director of Lawson and Sons Financial Services, a Kumasi-based non-banking financial institution, has appealed to government to appreciate the immense contribution of micro-finance companies to the country's socio-…
Four World Bank assisted projects that started in Ghana between 2004 and 2011 have been revised in terms of their dates of completion for various reasons.
The projects are the Ghana Urban Water Project, Nutrition and Malaria Control f…
Ghana risks having her export products to the European Union (EU) markets reduced if she fails to initiate steps to comply with EU Commission's requirement on product traceability.
The Commission's decree on the General Food Law of …
Four years after the onset of the global financial crisis, the world economy remains fragile and growth in high-income countries is weak.
Developing countries need to focus on raising the growth potential of their economies, while st…
Emmanuel Kwabena Yeboah, a customer of the Stanbic Bank Kumasi Branch, was on Wednesday adjudged the ultimate winner in the Bank's "Payment Holiday Promotion" in Accra.
The Promotion which extended for two months saw Mr Yeboah winnin…
Four foreign hostages were freed during Thursday's raid by the Algerian military on the gas complex where Islamist gunmen were holding a group hostage, Algeria's official APS agency reported.
Phoenix Insurance (PI), a private insurance company, has this year targeted to rake-in 35 per cent more of the premium income it earned during the 2012 financial year.
Mr Michael Okyere Baafi, Head of Marketing with PI, who disclose…
The Good News Co-operative Credit Union, a non-banking financial institution based in Kumasi is witnessing a steady growth in its operations.
Established barely three years ago, with 150 members, the company currently boasts of a cus…
A new study by the International Finance Corporation (IFC), a member of the World Bank Group, finds that much-needed jobs in developing countries can be created at a faster rate.
The study says this is possible if policymakers and d…
Heads of the African Union Commission, the Economic Commission for Africa and the African Development Bank Group, have met in Addis Ababa, Ethiopia, to discuss the integration and coordination of activities of the institutions for the cont…
Find below summaries of the Implementation Status Results reports of various World Bank assisted projects. This update includes information on the following projects:
+ Micro Small and Medium Enterprise Project + Ghana Skills and Technol…
Western Union Money Transfer, Ghana has rewarded eighty customers across the country for their loyalty and usage of Western Union services in 2012.
The 80 lucky customers were given the opportunity to shop for free to the tune of GHÂ…
Mrs Esther Cobbah, Chief Executive Officer of Stratcom Africa, has emphasised the need for Ghanaian businesses to make corporate communication integral part of their operations.
She said even though some businesses now appreciate the…
Worldwide sales of personal computers fell over the crucial holiday period for the first time in five years, despite the introduction of a new Windows operating system that was meant to boost demand for personal computers.
Market resea…
Thousands of acreages of farms belonging to some farmers in the newly created district of Sang have been destroyed by bush fires rendering them financially bankrupt.
They told the GNA that they could neither feed themselves no…
The Greek parliament passed key tax legislation early Saturday, a measure designed to shore up state coffers by 2.3 billion euros (3 billion dollars) this year.
Athens' international creditors - the European Union, the European Central…
Russia granted Serbia a loan of 800 million dollars for the modernization of the Balkan country's railways, Russian Finance Minister Anton Siluanov said Friday.
The loan at an yearly interest rate of 4.1 per cent was announced after a …
An Economist has appealed to the NDC administration to listen to suggestions made by the business community to ensure that an enabling environment for economic growth, job creation and its sustainability was created for all.
Dr Alexa…
Mr Fredrick Ken Appiah, Consultant of the Energy Commission, has urged District Assemblies to develop sustainable plans that would help improve access and efficient use of energy.
The consultant also reiterated the importance of incr…
Slovenia's biggest police union on Friday launched an open-ended, work-to-rule, strike to pressure the government into honouring a set of promises.
The industrial action by the PSS union, which represents 5,000 of the 7,000 workers employ…
The gap between wage growth and labour productivity growth is widening; while the difference between the top and bottom income earners is increasing, and the labour income share is declining, globally.
This is contained in Internatio…
The Food and Agriculture Organization (FAO) Food Price Index dropped for the third consecutive month in December 2012, edging down 1.1 per cent.
The decline in December, when the Index averaged 209 points, was led by drops in the internat…
Japanese Prime Minister Shinzo Abe's cabinet on Friday approved a stimulus package worth 20 trillion yen (225 billion dollars) to pull the world's third-largest economy out of recession.
The package, which includes large-scale public work…
Japan's All Nippon Airways Co (ANA) detected an oil leak Friday from the left engine of a Boeing 787 Dreamliner after a domestic flight, the latest in a series of incidents highlighting safety concerns involving the new aircraft, news repo…
German Chancellor Angela Merkel travels to Cyprus Friday just hours after the international rating agency Moody's downgraded the heavily indebted island state's credit rating.
Merkel said Wednesday that the small euro member state would n…
European Union countries cannot slow down their reform efforts and Britain must aspire to remain within the bloc, the EU's top economy official warned Friday, amid growing sentiment that Europe may have turned the corner on its economic cr…
United State Agency for International Development (USAID) and Western Union have supported the business plans of three Ghanaian entrepreneurs with an amount of $100, 000 each.
The three beneficiaries are Mr Alex Osei-Kwame of Gonja M…
Farmer's Organisation Network in Ghana (FONG), has appealed to the government to increase its funding in the agricultural sector to create enabling environment for the speedy growth of the sector.
Mr Issahaku Jesiwuni, Vice President…
Government has successfully raised a little of over GH¢400 million from its first bond issue for 2013, which would be used largely to finance Ghana's maturing debts.
This is the first three-year bond to be issued out of three planne…
Dr Kwabena Duffour, Acting Finance and Economic Planning Minister, has given a more positive outlook of the economy, saying the indications point towards sustained growth.
This, he said, was based on the solid foundation laid by the…
Jean-Claude Juncker has never been one to mincemwords - and so the Luxembourg prime minister gave it straight when asked Thursday to take stock of economic developments as the long-time president of the influential Eurogroup.
Certain d…
The Ministry of Finance and Economic Planning says December 2012 inflation of 8.8 per cent, announced on Wednesday shows a drop in three consecutive months.
It also marks 31 consecutive months of single digit inflation.
The Min…
Italian households got poorer over the course of last year while state institutions reduced their levels of indebtedness, official figures released Wednesday showed.
The outgoing government of prime minister Mario Monti has introduced tou…
A Regional Commander of the Motto Traffic and Transport Unit (MTTU), has expressed worry that political interference has been a major challenge to road safety campaign in the country.
Assistant Superintendent of Police (ASP) Teddy D…
The rate of inflation fell to 8.8 per cent in December from 9.3 per cent recorded in November, the Ghana Statistical Service (GSS) announced on Wednesday.
Speaking at a press conference, Dr Philomena Nyarko, Acting Government Statistician…
Europe's telecommunication giants are considering sharing their infrastructure across borders in a bid to remain competitive, the Financial Times reported Wednesday - a move that
could spell out savings for consumers.
The daily said t…
International food prices fell by 7 per cent over the course of last year, reducing the risk of food shortages in developing countries, the United Nations' Food and Agriculture Organization (FAO) said Thursday.
Global food prices had soar…
China saw a surprising 14.1-per-cent year-on-year jump in exports in December after a seven-month slowdown, the government said Thursday.
November's increase had been 2.9 per cent. Imports in December rose 6 per cent from December 2011…
North Korea risks trailing economically if it does not allow access to the internet, Google Inc executive chairman Eric Schmidt said Thursday.
He told journalists in Beijing that he travelled to Pyongyang to exchange opinions about the…
Global sales of the world's leading luxury car brand, BMW, raced ahead by 11.6 per cent last year amid soaring demand for premium autos in the US and China, the company said Thursday.
This brought total sales for the BMW brand in the year…
Some banks in Accra say high electricity bills, rent, water bills and salaries of workers are impacting negatively on their businesses and ability to lend more.
This was made known to the Ghana News Agency on Tuesday, when it visited…
Chinese stocks closed mixed on Tuesday, dragged down by shares of banks and insurance companies.
The benchmark Shanghai Composite Index fell 0.41 percent, or 9.29 points, to end at 2,276.07. The Shenzhen Component Index added 0.02 percent…
The European Union (EU) in Ghana has disbursed close to 16 million Euros to the Government of Ghana, under Ghana's Multi- Donor Budget Support framework.
This is made up of 10 million Euro sector Budget Support for the Ministry of…
A tanker carrying fuel belonging to Union Oil arrived in Wa on Tuesday after a week of acute fuel shortage that stalled the operations of commercial transport and other motorists in the Upper West Region.
Fuel station operators in the…
Youth unemployment in Italy rose to 37.1 per cent in November, the highest level since records started in 1992, national statistics office Istat said Tuesday.
The number of 15- to 24-year-olds unable to find a job rose by 0.7 percentag…
info@businessghana.com
