Friends of Youth Vision foundation based in Yendi has granted loans totalling GH¢5,000 to 100 farmers of various groups from Yendi, Gnani, Malizeri, Sambu, Kulikpenduli and Sang in the Yendi Municipality of Northern Region.
The Execu…
Ghana Commercial Bank (GCB) on Tuesday said it expected its balance sheet to grow by 15 per cent in 2011, despite declining interest rate.
Speaking at the Ghana Stock Exchange (GSE) ‘Facts behind the Figures’ programme, Mr Simon Dorn…
The Government of India on Tuesday suspended import of food items from Japan, hit by a nuclear disaster, for three months or till such time as the radiation hazard in that country has subsided to acceptable limits.
The decision to s…
India, the world's leading spice producer, exporter and consumer, is all set to become a hub of global spice trade with the launch of an international body that would coordinate it.
"Process is on to open the head-office of World Spic…
While summer is getting severe in south India, the demand for pineapple is on the increase in states like Kerala, Tamil Nadu and Andhra Pradesh, market sources said.
Easy-to-grow nature of pineapple is making it the favourite of f…
The following is 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, April 6, 2011.
GHANA CEDI EQUIVALENT OF CURREN…
The Western Regional Head of the Ghana Revenue Authority (GRA), Mr Francis Sapathy, has said businessoperators are supposed to keep their VAT receipts for at least six years before destroying them.
He said VAT officers would intermit…
Government says it is determined to drastically reduce the importation of meat and meat products by 2015, Mr Barfour Asare Mensah, Director, Animal Production Directorate of the Ministry of Food and Agriculture stated in Accra on Wednesday…
Vodafone Ghana on Monday says it will not transfer in any way the cost of porting one’s network number to mobile users come July 1st for the introduction of Mobile Number Portability (MNP) in the country.
Mr Kyle Whitehill, Chief Exe…
Mr Mike Hammah, the Minister of Lands and Natural Resources, has said Development Corridors have been established in West Africa for the accelerated development of the mining and minerals sector.
He said the initiative, which was dev…
A Fast Track High Court has stopped Millicom Ghana Limited, operators of Tigo mobile network, from running its “Tigo House Bonanza” promotion.
“It is hereby ordered that the defendant (Millicom Ghana Limited) its agents, servants, as…
Ghana Receives a total of US$295 million for three projects To Support Land Administration (US$50m), Skills and Technology Development (US$70m), Local Government Capacity (US$175m).
WASHINGTON, March 31, 2011 The Government of Gha…
Leading mobile company, MTN Ghana will maintain its number one position and make more gains in the sector, despite the stiff competition, which includes the mobile number portability, Brest Goshen, Chief Executive Officer (CEO) said.
…
The General Manager; Corporate Planning, Ghana Ports and Harbours Authority (GPHA), has underscored the need for the operational challenges facing the country’s ports to be addressed to pave way for the regional hub status in West Africa.
…
Access Bank (Ghana) will this year focus on financing the oil and gas industry as the sector represented a major growth pole in the economy.
“The focus of the bank for 2011 is more on oil and gas because about 15 per cent of GDP is d…
The following is 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, April 4, 2011.
GHANA CEDI EQUIVALENT OF CU…
South Korea's inflation is expected to remain above the 4 percent range in April due to higher oil prices and other external shocks such as the fallout from Japan's nuclear crisis, experts said Sunday.
The country's consumer prices ros…
South Korean companies should be prepared for fierce competition with Japanese rivals in India following New Delhi's signing of a free trade agreement with Tokyo, a local trade body said Sunday.
Japan and India signed a comprehensive e…
Debts owed by the government, individuals and companies in South Korea reached a record high last year, data showed on Sunday, raising concerns that the high level of debts could derail the economy off the recovery track.
According to …
Credit rating agency Fitch on Sunday downgraded Indian economy's growth projection to 8.3 per cent for 2011-12 on account of high inflationary pressures that has forced the Reserve Bank to hike key rates.
The agency had earlier proj…
Owing to high Minimum Export Price (MEP) of onion after lifting of ban in late February, shipment of the bulb from India dropped to as low as about 10 per cent as compared to last year, a development which helped onion exporters of Pakista…
West African Ministers of Infrastructure, Transport and Energy, on Friday endorsed the provisions of a draft Supplementary Act stipulating the axle load standards for heavy duty goods transport vehicles plying public roads in the sub-regio…
The World Bank has approved USD 150 million in loan for India to accelerate implementation of its National e-Governance Plan (NeGP), which is aimed at transforming the service delivery system across the country.
While this World Bank …
Owere Mines at Konongo on Friday signed a bilateral fuel and lubricants management agreement with Ghana Oil Company Limited (GOIL) to ensure uninterrupted oil supply to the mines.
“Due to the sensitivity of earth moving equipment in …
The following is 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 Friday, April 1, 2011.
GHANA CEDI EQUIVALENT OF CURRENCY
…
Management of the Movenpick Ambassador Hotel in Accra has announced that the facility would be ready for use by May 15, this year to help contribute its quota to the hospitality industry in the country.
Mr Stuart Chase, General Manag…
Ghana Trade and Livelihood Coalition, a nationwide advocacy organization, striving for agriculture and trade justice, has held a two-day capacity building workshop for small-holder farmers in Ho and Koforidua.
It was to shape their u…
Ghana's housing deficit stands at one million units, and there is the likelihood that the figure would double within the next decade, a public data on shelter has indicated.
Mr Akwete Akita, Executive Director of HFC Bank, who made t…
Professor Kwesi Jonah, Head of Political Science Department, University of Ghana, on Wednesday said Ghana had not performed well under the Social Market Economy system.
He said instead of adopting a level playing field for private se…
Economics Students have been advised to continually avail themselves of Information, Communication and Technology (ICT) courses to brighten their chances on the job market.
Mr Bright Addai, Relationship Manager of Databank
Financial Ser…
Fidelity Bank Limited (FBL) has established an “Asia Desk” within its corporate banking outfit to utilize the growing co-operation and trade activity between Africa and Asia towards accelerated growth.
The move is to provide leverag…
There are many highly paying job avenues in Human Resource Management (HRM) for professionally trained Human Resource Managers (HRMs).
“Students who study professional human resource management can choose to work as general HR practit…
Cocoa production in the Central Region increased from 35,000 tones in the 2008/2009 season to 62,000 tones in 2009/2010 season, Mr Ebenezer Opoku-Agyemang, Central Region Quality Control Unit Manager of COCOBOD, has said.
He attribut…
The Central Regional Cocoa and Sheanut Farmers Association Chief Farmer, Nana Kwesi Ofori, has appealed to cocoa farmers in the Region to remove rotten beans from their products before selling them to COCOBOD.
He said when rotten bean…
The following is 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 31, 2011.
GHANA CEDI EQUIVALENT OF CURRENCY
…
The Private ECOWAS Financial Improvements Board (PEFIB) will hold a high level interactive workshop on Wednesday with participants from the ECOWAS financial sector.
PEFIB is organising the workshop with technical and financial suppor…
China will become the world's largest manufacturer by 2015 as the country's economy will continue growing rapidly, a state-run think tank said Tuesday.
China became last year the world's second-largest producer of manufacturing output,…
The Export-Import Bank of Korea (Eximbank) said Tuesday it signed a deal to provide a US$50 million loan to Bolivia to assist the country's development projects.
Eximbank President Kim Yong-hwan signed the deal with Bolivia's Developme…
South Korean exports' market share in Chile has more than doubled since the countries implemented a free trade agreement (FTA) seven years ago, offering a glimpse into potential benefits from additional trade deals with other countries, a …
STX OSV Holdings Ltd., a European unit of South Korean shipbuilding conglomerate STX Group, said Tuesday that it has clinched a deal to build a platform supply vessel (PSV).
Under the deal with Norsea Group AS, a Norwegian provider of …
South Korea will host an annual meeting of the Inter-American Development Bank (IDB) in 2015, a chance that the government expects would deepen its economic cooperation with American countries, the finance ministry said Tuesday.
The de…
China's drive to develop and expand its domestic market offers new challenges and opportunities for South Korean exporters, a report said Tuesday.
China adopted a new five-year economic development plan at the recently concluded Nation…
The trade ministry has decided to resubmit a ratification motion for the South Korea-European Union (EU) free trade agreement to the parliament after correcting additional translation errors found in the Korean language version of the pact…
The cinema advertising industry across the United States has registered a 12.7 percent growth in 2010 despite the continued softness among other traditional media as the country is still mired in the economic crisis, a trade association sa…
Moody's Investors Service said Monday the outlook for China's banking system is stable over the next 12 to 18 months, and the country's banks have adequate cushions against rising non-performing loans (NPLs).
The report, entitled "China B…
Ebay on Monday announced that it has agreed to buy e-commerce service provider GSI Commerce for about 2.4 billion U.S. dollars.
Ebay offered GSI shareholders 29.25 dollars per share in cash, representing a 51 percent premium over GSI's cl…
Japan's unemployment rate fell 0.3 per cent in February from a month earlier to a seasonally adjusted 4.6 per cent, the Ministry of Internal Affairs and Communications said Tuesday.
The figure compared to median economists' forecast of a …
The International Monetary Fund (IMF) failed to issue risk warnings in the run-up to the financial and economic crisis that began to manifest in mid-2007, the fund's internal watchdog said Monday.
The IMF needs to enhance its surveillance…
A leading U.S. business lobby Monday called for early congressional approval of the pending free trade deal with South Korea to prop up exports and jobs.
"The Korea FTA is a no-cost way to create jobs and grow the economy," Tami Overby…
South Korea's current account surplus posted 1.18 billion U.S. dollars in February mainly due to brisk exports, the central bank said Tuesday.
The current account surplus reached 1.18 billion dollars in February, up sharply from a revised…
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