U.S. President Barack Obama Monday night said the U.S. economy will recover next year if right steps were taken now.
In the first prime time news conference of his Presidency, Obama said the 2009 will be a difficult year, but adding …
The Indian government will present an interim budget to encourage the creation of jobs and export due to deep impact from the global economic recession, said the semi-official Press Trust of Indian news agency on Sunday.
The budget, …
Nepal's economy which is largely dependent on foreign employment is likely to be directly affected by the global recession, the National News Agency RSS reported on Sunday.
According to the RSS, some people involved in the foreign em…
The gross value of industrial output of the Democratic People's Republic of Korea (DPRK) increased by 9 percent in 2008, the biggest in 10 years, the official Minju Choson daily said on Sunday.
The DPRK cabinet met recently reviewing…
Cadbury, the world's leading confectionery company, says the global credit crunch will not affect its commitment to improving Ghanaian farmers' livelihoods and the development of their communities.
The company last year launched t…
Mr. Paul Ayene, the Supervising Director of Political and Cultural Department of the Ministry of Foreign Affairs has commended the Republic of India for the remarkable progress she has made
over the past decades which has made her one of…
A businessman who dragged a self-styled fetish priest to court for fraud has requested that the case should be discontinued.
His reasons, according to a letter he sent to the court were that he was a Christian and had forgiven the accuse…
Cadbury, the world's leading confectionery company, says the global credit crunch will not affect its commitment to improving Ghanaian farmers' livelihoods and the development of their communities.
The company last year launched t…
Government has given an assurance to assist foreign investors and maintain partnerships with firms to give of their best to national economic growth.
President John Evans Atta Mills said Government would make sure credible companies …
Produce Buying Company (PBC), a licensed cocoa buying firm, says it bought 12 per cent more cocoa in 2007/8 season than it did the previous season.
Cocoa purchases rose to 208,482 tonnes compared to 186,051 tonnes last season, company…
The Prudential Bank Ghana Limited is to introduce internet banking services to enable its customers to conduct financial transactions without visiting the normal banking halls.
The bank also plans to introduce other electronic bankin…
Fifteen senior officers of the Customs, Excise and Preventive Service (CEPS) are in Australia to undertake a specialized training programme at the Centre for Customs and Excise Studies, University of Canberra.
The team led by Mr Paul…
A cocoa farmer has commended the Bank of Ghana (BOG) for increasing the minimum capital requirement of Rural and Community Banks (RCB) saying it would guarantee customers investments.
Opanyin Kwaku Agyabeng, the farmer and customer…
U.S. President Barack Obama's Wednesday urged the Congress to quickly approve his massive stimulus package as Senate Democrats were likely to make compromise to gain GOP support.
"No plan is perfect, and we should work to make it str…
The United States Trade and Development Agency (USTDA) will provide 1.1 million dollars to upgrade the capacity of the Kotoka International Airport (KIA) and help Ghana regain its Category 1 status under the International Safety Assessment…
The World Bank (WB) and International Monetary Fund (IMF), have pledged their support to the ruling National Democratic Congress (NDC) to strengthen the economy to ensure micro stability.
Officials of the two institutions attending t…
The local currency on Tuesday plummeted as a result of depreciation against three of the four major international trading currencies pushing up the Gold Coast Securities (GCS)-Cedi Index by 0.33 points.
The cedi dipped to the dollar, …
President John Evans Atta Mills has repeated Governments decision to use local resources and expertise for the development of national infrastructure.
He said Government would involve local road contracting associations
in the clas…
Prudential Bank on Tuesday launched its SMS Banking
and Website in a bid to increase delivery channels and to provide easy access
of customers to banking information.
The new services being introduced would complement the traditio…
The Agbogbloshie Traders Association on Wednesday petitioned the government to intervene in an alleged trading malpractice undertaken by some Lebanese traders resident in Ghana.
A statement signed by Madam Peggy Darko, on behalf of t…
Management of Odotobri Rural Bank at Jacobu-Ashanti has suspended payment of dividends to its shareholders to meet the minimum capital requirement of 150,000 Ghana cedis instituted by management of Bank of Ghana (BoG).
Each sharehold…
The issue of the payment of Public Sector salaries based on a single-spine structure effective, January 2009 had been on the lips of the previous New Patriotic Party (NPP) Government as it went into last December's elections.
That Govern…
The GSE All-Share Index, the main measure of performance of the Exchange, slumped in trading on Monday as bearish sentiments persisted on the bourse.
The index ended trading at 10,183.40 points from 10,220.99 on Friday.
Traded v…
Mr Nicholas Ayivor, Central Regional director of the Ghana Museums and Monuments Board (GMMB), on Monday expressed grave concern about residents in the Elmina and Cape Coast townships who defecate on the premises of the castles and attack …
Mr Tanko Amadu, a Wood-carver at the Arts Centre, in Accra, on Tuesday urged the government to initiate financial and skill development programmes for handicraft makers.
He said those working in the industry had not had any direct …
A committee set by the Upper East Regional Coordinating Council (RCC) last year to investigate alleged sale of unwholesome maize for human consumption by a storekeeper of the Council says it the allegation is false and speculative.
T…
Africa's economic growth is projected to be 3.5 per cent in 2009 as a result of the ongoing global financial meltdown, the food and fuel crises, World Bank Vice President for Africa has said.
In a paper presented by Ms Obiageli Ez…
The New Juaben Municipal Assembly last year granted a total amount of ¢GH 282,500 to 5,650 small scale business entities as a financial support under the Poverty Alleviation Fund.
Mr Michael Offei, New Juaben Municipal Co-ordinatin…
Mr Roy Ayariga, Upper East Regional Director of Food and Agriculture, at the weekend observed that the economic circumstances of farmers in the region can improve significantly if they approach agriculture as a business rather than a mere …
The Ghana cedi recovered slightly against the four major trading currencies on Friday pulling down the Gold Coast Securities (GCS)-Cedi Index by 0.37 points.
The cedi after weeks of decline to the dollar, climbed up by 0.02GHp against…
Vice President John Mahama at the weekend, acclaimed President John Atta Mills, as a focussed leader,
who is laying a solid foundation for a convention that would be a legacy for the country's transition process in future.
He said …
The Axim Road Community Co-operative Credit Union (ARCCU), has recorded a profit of GH¢84,741.55 for 2007/2008, 46.8 percent increase over the previous year.
Mr Edward Howard, the Union Chairman, who told the 9th Annual General Mee…
Professor Stephen Adei, former Rector of the Ghana Institute of Management and Public Administration (GIMPA) on Thursday noted that although the hotel industry contributed 10 per cent of the country's Gross Domestic Product, little attenti…
The Central Regional branch of the Ghana Road Contractors Association (GRCOA) on Thursday appealed to government to as a matter of urgency set up a committee to investigate and retrieve mobilization funds paid to some "fraudulent contracto…
United Nations Development Programme (UNDP) in collaboration with Africa 2000 Network, an international non-governmental organisation, are supporting 2,600 members of the Loggu community in the Wa East District to undertake economic ventur…
The Ghana Export Promotion Council (GEPC) is projecting a marginal growth rate of 19 per cent in non-traditional exports (NTE) this year because of the downturn in the global economy.
NTE exports have seen steady improvements in rece…
The Zimbabwe government has liberalized the grain market by removing the monopoly of the Grain Marketing Board (GMB) to purchase grain as part of efforts to stimulate production and enhance food security, New Ziana reported on Thursday.
…
U.S. President Barack Obama was outraged on Thursday by Wall Street's multi-billion-dollar bonuses for 2008, which he said was "shameful."
"It is the height of irresponsibility. It is shameful," said Obama after talks with Treasury S…
Members of Northern Region Branch of Public Services Workers Union (PSWU) of Ghana Trades Union Congress (GTUC) have called on Government to revisit the payment of ex-gratia awards to workers.
They observed that since the payment of …
The South Korean government announced on Wednesday it will not allow local activists to bring in North Korean currency for the purpose of resending it to the North along with anti-communist leaflets.
"The government's position is that …
The Democratic-controlled U.S. House of Representatives on Wednesday approved President Barack Obama's 819-billion-dollar economic stimulus plan, which melds new spending and tax cuts to jump-start the economy.
The House measure comb…
The Ghana Institute of Freight Forwarders (GIFF) have called for the streamlining of clearance procedure of goods at the ports in order to stop corruption and to step up revenue generation.
At a press conference in Tema on Wednesday …
Russian Prime Minister Vladimir Putin Wednesday called on governments and business leaders around the world to take resolute actions to fight the global financial crisis.
"Naturally, all national governments and business leaders must…
The Home Finance Company (HFC) Bank on Thursday opened its 17th branch at Ashaiman with a call on residents to patronize it to improve their businesses and income.
The HFC Bank has branches in Greater Accra, Eastern, Western, Brong Ahafo…
President John Evan Atta Mills on Thursday charged his economic team to recognise "justifiable continuity" and embody and preserve projects of the previous administration and other political parties that were compatible with his administra…
Despite last year's global economic downturn, the Accra Collection of the Customs, Excise and Preventive Service (CEPS) exceeded its revenue target for 2008 by some 15.68 per cent.
The Collection had a revenue target of GH¢ 110,200.0…
Management of Ghana Cocoa Board (COCOBOD) on Tuesday asked companies interested in the purchase of coffee to apply to the Board for licence.
A statement issued by the Public Affairs Department of COCOBOD said it had come to the noti…
Ghana is poised to revolutionise the local cocoa
industry and make it the country's top foreign earner again by consolidating its recent achievements and interventions, the new Chief Executive of the Ghana Cocoa Board (Cocobod) said on Tu…
Small Scale Entrepreneurs (SMEs) dealing in art and craft within the Sekondi-Takoradi metropolis have described the activities of middle men as a threat to the survival of their businesses.
They said many middle men have been buying …
Mobile Telecommunications Network (MTN) Ghana, the country's leading GSM service provider, on Wednesday introduced 3.5G technology onto the Ghanaian market.
The technology represents the next generation of mobile communication system…