The United Nations Framework Convention on Climate Change (UNFCCC) will support Pakistan's private sector in the field of waste-to-energy, a UN official said on Monday.
UNFCCC Executive Secretary Christiana Figueres said to cooperate with…
African transport experts and stakeholders have taken concrete steps to foster trade facilitation with landlocked countries and deepen regional integration.
A statement from the World Bank which organized the meeting said on Monday that m…
Eleven officers including a driver of the Ajumako-Enyan-Essiam District Assembly were on Thursday fined GH¢100 each for assault or in default serve four months imprisonment.
They all pleaded guilty on three counts of conspiracy to co…
The Gomoa Ajumako Rural Bank at Afransi has decided to offer soft loans to new teachers posted to the Gomoa East and Gomoa West districts to enable them pay their rent advances and buy electrical gadgets.
Mr Robert Job Arkoh, General M…
Mr Mahama Salifu, Project Manager of the Vea Irrigation Project in the Upper East Region, has appealed to government to as a matter of urgency, rehabilitate the canals and laterals of the multi-purpose water facility.
Speaking to the…
The Axim Road Community Cooperative Credit Union (ARCCU), made a profit of GH¢149,228.25 as at June last year with a total assets of GH¢3,844,814.04.
Mr Alex Odoi Sackeyfio, General Manager of the Union, who announced at the 11th ann…
The World Bank under a Youth Enterprise Development Project (YEDP), is supporting the National Youth Employment Programme (NYEP) with 65 million US dollars to help to train the youth in entrepreneurial skills that would enable them to set …
Daewoo Engineering and Construction Co., South Korea's fourth-largest builder, said Sunday that it has won a US$250 million order from Nigeria to build a gas-processing facility in the African nation.
The project calls for the construc…
The second-largest commercial banking group in Hong Kong said Sunday that it will launch a yuan repurchase facility in a move that will boost the Chinese currency's business in the territory.
In a statement, Bank of China (Hong Kong) s…
India received foreign direct investment (FDI) worth USD 21 billion (Rs 96,104 crore) in the
calender year 2010, a decline of 22 per cent over the year ago period, a latest industry ministry data said.
The country had attracted FDI…
South Korea's national pension fund said Sunday it has entrusted more than 1 trillion won (US$898.5 billion) to overseas property investment managers as part of the fund's efforts to diversify its investment portfolio.
The National Pen…
Iran's President Mahmoud Ahmadinejad on Sunday submitted to Majlis (parliament) a 1,769 trillion-rial (about 180 billion U.S. dollars) budget bill for the next Iranian calendar year (to start on March 21), the English language Press TV rep…
At the G20 summit, Chinese Finance Minister, Xie Xuren, called for increased coordination in international economic policy, in order to defeat protectionism and promote international trade and investment.
Xie said all countries should coo…
China has raised the prices of gasoline and diesel by 350 yuan per tonne. The adjustment is the first this year and comes into effect on Sunday.
The increase would lift the benchmark retail price of gasoline by 0.26 yuan per liter and die…
EZCOM International, the official Toshiba Distributor in Ghana, has announced immediate availability of new lineup of Toshiba Satellite C660 and Satellite Pro laptops.
A statement issued on Friday and copied to the Ghana News Agency…
Airtel Africa has scooped two awards at the premiere annual telecom industry awards, the Mobile World Congress (MWC) Global Mobile Award 2011, a statement by the company to the Ghana News Agency has said.
It said Airtel was awarded…
Millicom Ghana, operators of Tigo Cellular Network, is to roll-out a 3G service to its subscribers in March this year, Mr Anthony Dadzie, Northern Regional Territory Manger of Tigo, announced on Friday.
The 3G is a mobile phone servi…
President John Atta Mills, on Friday commissioned a 40-million-dollar wholly owned Ghanaian cocoa processing company, Plot Enterprise (Ghana) Limited, at Mpintsin near Takoradi.
The President observed that some cocoa processing comp…
Government would launch a programme to revive the cotton industry next month dubbed: “White Gold” campaign at the cotton producing zones.
A statement signed by Nana Akrasi Sarpong, Acting Director of Communications and Public Affairs…
The Bank of Ghana will continue to smoothen out short-term fluctuations of the cedi against major international currencies to minimise the disruptive effects of such flows, Governor of the Central Bank, said in Accra on Friday.
Spe…
The total public debt as at the end of 2010 stood at about GH¢17.2 billion (38.6 per cent of GDP or $11.8 billion), the Governor of Bank of Ghana, Mr Kwesi Amissah-Arthur said in Accra on Friday.
Briefing the press on the decision of…
The Monetary Policy Committee (MPC) has maintained its policy rate at 13.5 per cent, citing strong revenue mobilisation, the pick-up in economic activity and improved fiscal situation at the beginning of 2011.
Mr Kwesi Amissah-Arthur…
The Central Regional Minister, Mrs. Ama Benyiwa Doe, has appealed to banks to reduce their lending rates and relax loan conditions for small and medium scale enterprises.
She said this was important because the expansion of SMEs woul…
Hasan Ghana Investment Limited is to invest over four billion dollars in the Sekondi Industrial Freezone enclave.
The company would invest in mineral processing facilities, logistics terminals, residential complex, exhibition centres…
Hasan Ghana Investment Limited is to invest over four billion dollars in the Sekondi Industrial Freezone enclave.
Mr Luke Luang, President of the company, who announced this at a community durbar at Mpintsim on Thursday said, Memoran…
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 Friday, February 18, 2011.
GHANA CEDI EQUIVALENT OF…
Alhaji Collins Dauda, the newly appointed Minister of Transport, has stressed the need to develop the aviation industry, saying it the time to do that was now.
"With many more airlines coming in as well as investments that would come …
The People’s Republic of China on Wednesday affirmed its commitment to the realization of a number of Chinese- assisted projects in Ghana this year.
Consequently, the visiting Chinese Commerce Minister, Mr Cheng Denning, who called o…
An Economist on Tuesday adjudged cocoa as Ghana’s largest foreign exchange earner contrary to economic indices which label gold as such.
“In 2009, while gold earned the nation 2.98 billion dollars, what came into the economy in terms…
Mr Nabil Moukarzel, Executive Chairman of the Finatrade Group of Companies, has said the company has employed over 2,000 Ghanaians since its establishment in 1995.
“Over 1,000 others are employed indirectly from my outfit and we hope to…
The Birim Central Municipal Best Farmer, Mr Kofi Boakye, has said the yearly closure of the cocoa trading season in the country, sometime in August and reopening between late September and early October, is having adverse effects on cocoa …
The Chinese Vice-Premier Hui Liangyu has called for more efforts to ensure grain production as the lingering dry spell continued to threaten China's grain output.
Local authorities should undertake major efforts to prepare for spring plan…
The Chinese Foreign Minister Yang Jiechi arrived on Tuesday morning in Togo's northern city of Kara, the second largest in the West African country, on a mission to further friendly and cooperative ties with Africa.
Upon his arrival at N…
China remains a developing country in spite of its rapid Gross Domestic Product (GDP) growth, Chinese Foreign Ministry spokesman Ma Zhaoxu says.
"China's GDP growth has remained relatively fast in recent years with expanding aggregate eco…
China on Tuesday reported lower than expected consumer inflation in January, but pressure remains for the Government to control prices, with an ongoing drought and credit expansion complicating the situation.
The consumer price index (CPI…
General Motors will continue investing aggressively in China, the largest market of General Motors, General Motors (GM) Co. Chairman and CEO Dan Akerson said on Tuesday.
China played a significant role in GM's success in 2010, he said at …
The French government, through the French Development Agency (AFD), on Tuesday said a new format has been developed for developmental support for Ghana to revamp the economy.
The support, under the new format, would be channelled thr…
A senior official of the Bank of Ghana on Tuesday held out hope for the housing market in Africa saying the industry was growing and gradually becoming a major driver of economic growth.
Mr Wilson K. Narh, Deputy Governor of the Bank…
Finance ministers of eurozone countries downplayed inflation risk in the European single currency club on Monday, despite the recent rises due to higher oil prices.
"Inflation in the euro area has been gradually moving up in the last few …
Ukraine and the International Monetary Fund (IMF) have managed to reach a compromise on most provisions of a bilateral Memorandum on Ukraine's economic and financial policies, which is being drawn up as part of the next review of the coope…
Turkey and Iran aim to boost trade and political ties, the two countries' leaders said Monday during Turkish President Abdullah Gul's visit to Iran.
Accompanied by a large delegation of ministers and businessmen, Gul arrived in Tehran on …
U.S. "base" defense budget -- excluding the cost of the wars in Iraq and Afghanistan -- for the next fiscal year rises to a new record despite a significant reduction in overall federal spending.
The "base" defense budget for FY 2012 begi…
South Korea aims to become the fourth-largest fisheries exporter in the world by 2020 through better marine resources management and creation of large, globally competitive fishing companies, the government said Tuesday.
The Ministry f…
South African President Jacob Zuma on Sunday night urged his country's private sector to assist the government's drive to create employment.
He told the South African Broadcasting Corporation that, for example, the private sector could hi…
South Korea retained its status as the world's fifth-largest automaking nation last year with over 4.2 million vehicles produced, a local industry body said Tuesday.
The country's five automakers produced some 4,272,000 cars in 2010, u…
U.S. President Barack Obama on Monday called for more investment in building infrastructure to catch up with South Korea and other outperforming countries.
In a message to Congress attached to his budget for the 2012 fiscal year, Obama…
South Korea's top automaker Hyundai Motor Co. and leading cellular phone producer Samsung Electronics Co. will soon sign a deal to develop a car that will allow interaction between the vehicle's tablet computer and cellular phones, senior …
Despite a stand off with Pakistan over the issue of jailing of its diplomat Raymond Davis, US has not proposed any slashing of aid to Islamabad, and for the second year in running has allocated a whopping USD 3.1 billion as assistance to t…
South Korea has promised the United Arab Emirates (UAE) to fund part of a project to build a nuclear power plant in the oil-rich country in line with international standards, the commerce minister said Tuesday.
A South Korean consortiu…
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