The non-payment of loans coupled with the high delinquency rate among residents in the Western Region could lead to the collapse of their credit unions.
Mr Thomas K. Mensah, Board Chairman of the Ghana Education Service Regional Offi…
Ajumako-Enyan-Essiam District Assembly realised 27,545 Ghana cedis in revenue by the end of September this year, as against 17,000 Ghana cedis within the same period last year.
Mr Kenneth Obempong, Ajumako-Enyan-Essiam District Chief…
Cotton farmers in the three Northern regions have appealed to the two Presidential Candidates in the December 28 run-off to come out with their individual programmes to revamp the cotton industry.
Mr. Patrick Adintinga Apullah, Natio…
Rural low-turnover traders in the Volta Region are to be provided with credit facilities and business management skills to enable them increase their incomes.
The move is to be implemented by the Volta Regional Directorate of the Dep…
After a ministerial meeting, OPEC announced on Wednesday that it will slash its official oil output quota by 2.2 million barrels per day (bpd) from Jan. 1 next year.
In light of observing "crude volumes entering the market remain wel…
The Savanna Seed Services Company (SASSEC) a farmer-based NGO in the Northern Region on Tuesday, held a training session for some farmers in the region to improve their farming techniques.
The aim of the training was to encourage the…
The Deputy Managing Director of the ARB APEX Bank Limited, Mr Duke Osam Duodu, has called on Rural Banks to put in place effective internal control mechanisms to minimize the incidence of risks as they expand their scope of operations.
…
OPEC is to hold its 151st extraordinary ministerial meeting on Wednesday in the northwestern Algerian city of Oran, for an expected further oil output cut to bolster tumbling oil prices amid the global economic downturn.
As an oil ca…
German Chancellor Angela Merkel is going to negotiate with 30 largest German companies next month to ease the pressure of job-cut in 2009, her spokesman on Monday said.
Ulrich Wilhelm said Merkel will have a meeting with the chief e…
Governments need to take additional coordinated action to revive world financial markets and get credit flowing again, the chief of the International Monetary Fund (IMF) has said, warning that the global economic outlook is continuing to d…
The Asian Monetary Fund (AMF) may become a reality at the next ASEAN summit in February next year, a local newspaper reported on Wednesday.
A decision would be made when the Association of Southeast Asian Nations (ASEAN) meets at the…
Some branches of the Ghana Private Road Transport Union (GPRTU) operating in the Upper West Region on Monday started complying with the directive by the Union to reduce lorry fares by ten per cent.
The GPRTU issued this directive in r…
The Management of Prudential Bank Limited (PBL) says its attention has been drawn to a list of names of New Patriotic Party (NPP) ministers and officials who are alleged to have accounts with the Bank with astronomical balances thereon.
…
Officials from Jordan and Egypt on Sunday called for moves to boost bilateral trade and investment as they gathered in Amman to prepare for the incoming meetings of the Joint Jordanian Egyptian Higher Committee.
Muntaser Oqlah, Secre…
Syria and the European Union initialled on Sunday an updated version of a partnership agreement, four years after a first deal in Brussels which the EU member states refused to sign for political reasons.
Tayssir Raddaui, Chairman of…
Ghana is seeking to extend her coastal line in order to explore opportunities for more oil resources and other economic gains.
About eight billion barrels of oil, according to the International Sea Bed Authority Report in 2000, could…
Ever since the Bank of Ghana( BoG) set up the Ghana Inter-bank Payment and Settlement System Ltd (GHIPSS), the question has been asked several times over whether it was healthy to encourage the Bank of Ghana to become an active player in t…
The Government on Monday dismissed alleged non-payment of salaries to some section of public servants, saying the move was calculated to tarnish its image.
Speaking at a media briefing in Accra, Dr Anthony Akoto Osei, Minister of State…
Israeli Defense Minister Ehud Barak is pondering a plan to compensate Palestinian victims for their loss caused by rampaging Jewish settlers in the West Bank city of Hebron, local news service Ynet reported on Sunday.
Barak was quote…
The national electronic payment system, the e-zwich, has moved to another phase with a roll out of its services to cover rural banks, Ghana Interbank Payment and Settlement Systems, (GhIPSS) has said in Accra on Saturday.
Since the …
The European Union (EU) expressed regret late Friday at lack of progress in the Doha Round of global trade talks after WTO Chief Pascal Lamy decided not to convene a ministerial meeting by the end of the year.
"We have come tantalizi…
Dr.Gero Friedl, Senior Adviser on Good Governance of the German Technical Cooperation (GTZ) on Friday called for joint efforts that would strengthen the use of a single country system in fighting corruption in Ghana's procurement sector.
…
Leaders of China, Japan and South Korea Saturday signed a Joint Statement for Tripartite Partnership after a tripartite meeting.
In the statement, Chinese Premier Wen Jiabao, Japanese Prime Minister Taro Aso and South Korean Preside…
France has invited finance ministers from the European Union to attend a meeting in Paris on Dec. 18 focusing on global financial issues, an official of French Economy Ministry said on Friday.
"We are in the process of setting it up,…
Bangladesh's Central Bank said on Saturday overall balance of payments (BoP) remained in a healthy position in the first quarter of the current fiscal despite the gloomy global financial situation mainly due to higher surplus in the countr…
Barclays Bank Ghana says it will remain committed to meeting customer expectations through the offer of excellent banking services and products.
Mr Benjamin Dabrah, Managing Director of Barclays Bank, said having been successful in o…
The Third World Network (TWN), an advocacy group, on Thursday called on Parliament to delay the process of passing into law the Aluminium Authority and Integrated Aluminium Industry Bill in order to ensure full public participation in the …
Leaders of the European Union (EU) will approve a 200-billion-euro (some 260-billion-U.S. dollar) economic recovery plan in a bid to steer the EU economy from a deep recession, according to a draft text of conclusions of the two-day EU sum…
The Volta River Authority has said national gas has been released from Nigeria into West Africa Gas Pipeline (WAGP).
It said as at Saturday December 6, the offshore line was successfully filled with natural gas all the way to Takorad…
Russia is ready to coordinate its oil price policy with the Organization of Petroleum Exporting Countries (OPEC) in a bid to stem the plunge in crude prices, President Dmitry Medvedev said Thursday.
"Our partners and colleagues from …
The continuous fall in the inflation rate since July suffered a reverse, as the rate inched up by 0.14 percentage points over that of October, the Ghana Statistical Service said on Friday.
The annual rate of inflation for November w…
Turkey aims to become the number one marble exporter in the world with a target of 2.5 billion U.S. dollars export by the year 2010, the semi-official Anatolia news agency reported Thursday.
Turkish State Minister for Foreign Trade K…
The enduring financial crisis spreading in the European Union (EU) is expected to be high on the agenda of the 27-member bloc's winter summit, which opens on Thursday in Brussels.
The following is a chronology of major events in th…
The Zambia government said it will achieve the seven percent economic growth rate projected for this year despite the global financial turbulence, Zambia Daily Mail reported on Thursday.
Minister of Commerce, Trade and Industry, Fe…
Crude oil rose more than 3 percent Wednesday as the progress in U.S. auto bailout plan and speculation of severe OPEC output cut offset a larger-than- expected increase in U.S. gasoline inventory.
Light, sweet crude for January deliv…
The coming 2009 will be a difficult year for developing Asia and the strong growth momentum in domestic demand is key to keep the regional economy in good shape amid a weakening external environment, the Asian Development Bank (ADB) said o…
The World Bank Group has announced the creation of a two billion- U.S. dollars fast-track facility to speed up grants and long-term, interest-free loans to help the world's poorest countries cope with the impacts of the global financial cr…
Companies based in emerging economic giants, such as China, India and Russia, are perceived to routinely engage in bribery when doing business abroad, according to Transparency International's (TI) 2008 Bribe Payers Index (BPI) released on…
Companies based in emerging economic giants, such as China, India and Russia, are perceived to routinely engage in bribery when doing business abroad, according to Transparency International's (TI) 2008 Bribe Payers Index (BPI) released on…
The current economic woes arising from the global financial crisis is expected to persist for a few quarters in the euro zone, the European Central Bank (ECB) President Jean-Claude Trichet warned on Monday.
The combined economy of th…
The European Commission loosened its state aid rules on Monday for approving national bank rescue plans, bowing to pressure from European Union (EU) member states.
"No concessions have been made but rather we have looked at how we ca…
Angola and Brazil discussed in Luanda on Monday matters relating to strengthening bilateral relations, with the focus on the arrangement of the next meeting of the joint bilateral commission in early 2009.
After meeting with Angolan …
The continuous fall in global oil prices could spell doom for Nigeria's economy, said Governor Godswill Akpabio of Akwa Ibom State of southeast Nigeria.
The Governor from the oil producing Niger Delta region made the remark on Sunday…
The assets of a majority of the Netherlands' large pension funds have fallen well below the legal minimum cover ratio of 105 per cent in recent weeks due to the financial crisis, Dutch media reported on Monday.
According to the Dutch…
The Dutch economy is set to sink into recession next year, for the first time since the early 1980s, the Government's Economic Policy think-tank Netherlands Bureau for Economic Policy Analysis (CPB) said on Monday.
The organization f…
Cuban Leader Raul Castro on Monday called for solidarity between Latin America and the Caribbean to efficiently handle the coming "disaster" brought by the international financial crisis.
Castro said during the beginning of the third…
It remained uncertain whether a deal on the Doha Round of global trade talks could be reached by the year end, the European Union (EU)'s French presidency said on Monday, citing the U.S. stance as an obstacle.
"The reality is that th…
Los Angeles, the U.S. second largest metropolis, is trying to get millions of dollars for local infrastructure improvements from President-elect Barack Obama's 1-trillion-dollar stimulus package, city officials said on Monday.
Los An…
The upcoming holiday season will be Brazil's best because the economy is growing and the government is taking care of the financial crisis, President Luiz Inacio Lula da Silva said Monday.
Lula made the statement during a year-end lu…
The European Union (EU) is planning to invest massively in the Niger Delta of Nigeria in 2009, acting head of delegation to Nigeria Denis Thieulin was quoted on Tuesday by the Tribune newspaper as saying.
Thieulin failed to mention t…