India seemed to have plunged into a political crisis as its parliament was Thursday adjourned following ruckus after the country's opposition parties demanded the ruling United Progressive Alliance government's immediate resignation.
This…
Canada would provide financial assistance to create opportunities for Egyptian youth, Canadian Minister of Foreign Affairs Lawrence Cannon announced Wednesday.
Concluding a one-day visit to Cairo, Cannon said it was clear that providing j…
Ghana and four development partners on Wednesday signed a memorandum of Understanding to provide the nation’s public financial management system with a $60 million grant over the next four years towards improved management of public financ…
Dr Kodzo Alabo, Director, Africa and Regional Integration Bureau, Ministry of Foreign Affairs, on Wednesday urged the business community to take advantage of the numerous benefits under the ECOWAS Trade Liberalization Scheme (ETLS) to expa…
President John Evans Atta Mills on Tuesday underlined the need for African nations to compare notes as they work to diversify their economies and reduce poverty.
He said only a strong co-operation could fast-track the diversification…
Offshore West Africa, the premier and best technical conference and exhibition for offshore industry within the West African Sub-Region, begins in Accra on Tuesday.
Supported by the Ghana National Petroleum Corporation (GNPC), Offsho…
Media General Ghana Limited, a wholly Ghanaian owned company has acquired 90 per cent equity interest in TV3 Network Limited (TV3), the leading private commercial television station in the country.
With the equity interest, TV3 is no…
Mr. Paul Victor Obeng,Chairman of the National Development Planning Commission on Friday commended management of the Ahafo Project of Newmont Ghana Gold Limited at Kenyasi in the Asutifi District for the measures initiated to ensure safety…
The 48th annual gems fair opened in Myanmar's new capital of Nay Pyi Taw on Thursday.
First Secretary of the State Peace and Development Council (SPDC) Thiha Thura U Tin Aung Myint Oo inaugurated the event at the Mani
Yadana Jade Hall.
…
South Korean President Lee Myung-bak on Thursday threw his weight behind focusing the nation's attention on inflation rather than growth.
"We have growth and inflation to worry about this year, but we have no choice but to pay greater att…
The pressure on world oil prices has led to record costs for fuel in Britain, raising concerns that household incomes could be hit significantly and the government may
have to change its policies.
The average price of petrol in Britain h…
The U.S. Treasury on Wednesday told Congress the Department of Defense (DoD) faces serious financial
reporting issues and is taking measures to resolve its accounting and audit weaknesses.
Speaking before a subcommittee of the House Comm…
UN Secretary-General Ban Ki-moon "has instructed senior managers to prepare a budget with a 3
percent reduction as compared with the previous budget," UN spokesman Martin Nesirky said here Wednesday.
The reduction would save 5.4 billion …
European Aeronautic, Defense and Space Corporation (EADS), the parent company of Airbus, announced Wednesday a 7-percent increase in overall revenue in 2010, returning to profit thanks to improved global market after a loss of 763 million …
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 10, 2011.
GHANA CEDI EQUIVALENT OF CURRENCY…
Dr Joseph Annan, the Deputy Minister of Trade, on Thursday said the Ayensu Starch Company would restart production within the second quarter of 2011.
The factory, which started production in 2003, stopped operating in 2006 mainly bec…
The Techiman Municipal Assembly has scored 96 per cent in the Functional Organisational Assessment Tool (FOAT)exercise under the Ministry of Local Government and Rural Development.
The assessment processes centred on human resource m…
WATS Limited Ghana, a Rana Motors Group Company, is expanding the network of the world acclaimed vehicle servicing concept, VULCO, in efforts to promote safety and prevent accidents on the roads.
Ghana is the first of 13 countries in…
Nandimobile Limited, a technology start-up company, co-founded by three graduates of Meltwater Entrepreneurial School of Technology (MEST), in Accra, has been granted the “Best Business” award at the LAUNCH Conference in San Francisco.
…
China's fast population aging will likely work to reduce price competitiveness of South Korean firms and lead to a buildup in inflationary pressure here, a report said Tuesday.
According to the report by the Samsung Economic Research I…
South Korea deferred a decision on whether to ban its citizens from visiting Libya due to concern that the move overly restricts people's right to travel freely and could hurt the country's business interests in the North African nation, a…
The 20 biggest university libraries in South Korea are dwarfed by their Western counterparts in terms of book possession at libraries, a study showed Tuesday.
According to the Korea Education and Research Information Service (KERIS), l…
A parliamentary committee on Tuesday decided to put off its discussions on a ratification motion for South Korea's free trade agreement (FTA) with the European Union until April, chief committee members said, as opposition members called f…
All neon signs and outdoor lights were turned off in Seoul's major business and entertainment districts in the early hours of Tuesday as government restrictions on nighttime lighting were enforced nationwide to cope with rising oil prices.…
The U.N. children's fund, UNICEF, said this week it received as of October last year only a fifth of the funding it had needed in 2010 to feed children and women in North Korea.
In its 2010 "Humanitarian Action Report," UNICEF had said…
China is seeking to create an additional 45 million jobs over the next five years in a bid to reduce the country's growing income gap, a government report said Tuesday.
According to the draft of China's new five-year economic plan, the…
The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, continued its good run, going up by 1.08 points to close at 1,059.89 points from 1,058.81 points on Monday.
The year-to-date now stan…
Mr Alhassan Azong, Minister of State in-charge of Public Sector Reforms, has bemoaned the falling standards of customer care delivery that had permeated Ministries, Departments and Agencies (MDAs) in the country.
“It is sad to note t…
An architectural design for the proposed ultra modern market complex for Kotokuraba, the main market in the Cape Coast Metropolis, was on Tuesday, presented to the Mayor of Cape Coast by Mr Ekow Sam, Architect of the project.
The pro…
The management of Main One Cable Company (MOCC), a private submarine network cable, is poised to launch superfast Internet connectivity and data download promotion in Accra.
It is expected to impact positively on businesses in the We…
The National Communications Authority (NMC) says all is set for the Mobile Number Portability (MNP) to take-off from 1st July, this year indicating that test run for personnel of mobile operators have begun.
MNP is a system that enab…
Small scale miners have been advised to adopt modern techniques and technology to improve their operations and minimize environmental degradation.
Nana Abena Apea, Tufuhene of Prestea-Himan said this at the election of new national e…
The Mpohor Wassa East District Chief Executive (DCE), Mr Anthony Bassaw, has admonished artisans to eschew lies and deceit, and make honesty their trademark.
He said there was a growing perception that tailors, dressmakers, carpenters…
A day’s workshop has been held in Bolgatanga to empower stakeholders, especially farmers, to grow sorghum and millet on large scale under the Food Facility Project funded by the European Union and International Fund for Agriculture Develop…
A new airline that will operate passenger and cargo services within Ghana and West Africa has been presented with its Air Carrier Licence (ACL) by the Ghana Civil Aviation Authority (GCAA).
Togbe Afede XIV, Chief Executive of SAS Fi…
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 Tuesday, March 8, 2011.
GHANA CEDI EQUIVALENT OF CURRENCY
…
Vice President John Dramani Mahama on Monday announced that the government, in collaboration with the World Bank and the African Development Bank, have put in measures to revive the cotton industry in Ghana.
He said the government w…
The Mpohor Wassa East, District Assembly has presented a gari processing machine worth GH¢1,800 to gari producers in the district at Nyame-Bekyere,
The donation was made after they were taken through a week-long management training w…
The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, on Monday, rose by 4.7 points to close at 1,058.81 points from 1,054.11 points.
The year-to-date now stands at 5.88 per cent.
T…
The head of South Korea's largest trade organization urged the country's National Assembly Monday to quickly ratify the free trade agreement (FTA) with the European Union (EU).
Sakong Il, chairman of the Korea International Trade Assoc…
Hyundai Motor Co., South Korea's largest automaker, on Monday unveiled the 2012 version of its luxury passenger sedan, the Genesis, with a new, powerful engine that outperforms its previous version in every aspect.
The 2012 Genesis com…
China will allow more imports from the United States and European Union (EU) this year in an effort to ease its trade imbalances with them, the head of China's trade promotion organization said Monday.
Wan Jifei, chairman of the China …
Output of five automakers in South Korea rose 6.4 percent on-year in February with strong demand at home and abroad also keeping their sales humming, an industry group said Monday.
Led by industry leader Hyundai Motor Co. and its affil…
The British economy suffered more than most in the global financial crisis but enjoyed a healthy return to growth in 2010. However, 2011 looks to present challenges including rising inflation.
The economy was the last of the G20 nati…
The management of uniBank Ghana has re-launched its mobile banking service with enhanced security features as a part of a broad strategy to broadening access to financial services.
Mr Ammishaddai Owusu-Amoah, uniBank Managing Direct…
North Korea's trade volume with China jumped 2.3-fold compared to the previous year in January, the Voice of America (VOA) reported Saturday, further indicating that the isolated communist country is becoming more economically dependent on…
Indian Finance Minister Pranab Mukherjee Saturday apprehended rising oil prices following political turmoil in the Middle-East will have serious policy implications but expressed optimism of dealing with the situation.
For a nation …
The Ghana Trades Union Congress (TUC), has advised local unions to demand periodic review of their salary structures from their employers.
This, he said, would ensure that distortions in their salaries were dealt with.
Mr…
The World Bank has outdoored “Africa’s Future And The World Bank’s Support To It, February 2011, Africa Regional Strategy” that aims at facilitating the transformation of African economies to improve the lives of the people.
The new …
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