Mr Duke Osam Duodu, Deputy Managing Director of Apex Bank, has said the proposal that rural and community banks should merge is to enable them to strengthen their capital base and enhance revenue mobilization.
He said at a training w…
Ms Akua Sena Dansua, Minister of Women and Children's Affairs (MOWAC), on Thursday reiterated government's commitment to the social and economic advancement of the people.
She said MOWAC would continually demonstrate a steadfast comm…
A call has been made for the establishment and operation of a hotel, as an integral part of the Hospitality and Tourism Management School of the Ho Polytechnic, to enhance the training of students in the hospitality industry.
The pro…
The Bank of Ghana on Tuesday held its prime interest rate at 18.5 per cent, citing reduced volatility in the domestic economy.
"The uncertainties associated with the possible fallout of the global financial crisis and volatility in …
Leaders of African countries have been urged to forge strong economic and social ties with each other similar to what they build with the Western countries.
Nii Adjei Kraku II, Tema Mantse, who made the call, said it was time African co…
A Bank of Ghana survey has indicated a decline in net demand for credit by both households and enterprises in the second quarter of the year.
It said non-price terms and conditions such as shortening of the maturity of loans or credi…
More than 40,000 people have subscribed to the Social Security and National Insurance Trust (SSNIT) Informal Sector Fund, a subsidiary of SSNIT that operates on a blend of the usual pension scheme and "Susu" contributions.
The Fund, …
Mr. Joseph Oppong Ofori, Ashanti Regional Chairman of the Food Crop Processors Association (FCPA), has said lack of credit facilities to farmers to expand their farms was a major obstacle affecting rice production in the country.
He has …
Oil import bill saw a sharp decline of 66.1 per cent in the first half of the year, Dr Paul Acquah Governor of the Bank of Ghana, said on Tuesday.
Speaking at a press conference after a meeting of the Monetary Policy Committee, Dr Ac…
Preliminary banking data on the execution of the Government budget for the first half of the year show some signs of fiscal consolidation, Dr Paul Acquah, Governor of the Bank of Ghana said on Tuesday.
"We have seen robust revenue gr…
The benchmark GSE All-Share index of the Ghana Stock Exchange rose to reverse Monday's loss, buoyed by price appreciation in two banking stocks.
The index went up by 9.54 points to close the session at 5,295.83 points from 5,286.29 p…
A Bank of Ghana survey has indicated a decline in net demand for credit by both households and enterprises in the second quarter of the year.
It said non-price terms and conditions such as shortening of the maturity of loans or credi…
The Ministry of Trade and Industry has commissioned a business plan towards the establishment of the first Information and Communication Technology (ICT) Park at the Tema Free Zones community.
The ICT project, being undertaken in col…
A total of 7.8 million dollars was disbursed under the community-based rural development project (CBRDP) towards the construction of public infrastructure damaged by the floods that affected 29 districts in the three northern regions in Au…
Concluding the Doha Round talks by 2010 will be the most effective way to resist protectionism and strengthen the multilateral trading system, trade ministers from Asia-Pacific Economic Cooperation (APEC) economies said here on Wednesday.
…
Mr. Charles Oti Prempeh, the District Chief Executive for Amansie West, has cautioned cocoa spraying gangs in the area against stealing the chemicals and machines provided for the spraying exercise.
He said this at a meeting with ab…
The Wa Municipal Assembly has provided 8,000 Ghana cedis as its initial contribution towards the operations of the Fruit Juice Factory at Wa.
The factory, which was inaugurated in March 2008, is yet to begin production due to a combi…
Mr Joseph Yileh Chireh, Minister of Local Government and Rural Development, has called on Civil Society Organizations (CSOs) and the private sector to play a leading role in water and sanitation management while government played the facil…
The benchmark GSE All-Share index of the Ghana Stock Exchange dipped by 10.39 points on Monday to open the week at 5,286.29 points.
Change for the year to date now stands at -49.32 per cent.
Shares that changed hands stood at 8…
The Kpando District Assembly is pursuing investors to turn the district's resources into budding businesses, Mr Francis Ganyaglo, the District Chief Executive, has said.
He told an assembly meeting that some banks, including Zenith…
More than 10,000 people have benefited from the micro finance activities designed by Odotobri Rural Bank to minimize poverty in the rural communities.
Mr. G.F. Opoku, Supervising Manager of the bank announced this in an interview wit…
MTN Ghana at the weekend introduced a new product, MTN Mobile Money (MMM), to its staff at a Family Fun Day.
The day was to afford the staff of MTN Ghana and their families the opportunity to share in the success of the company by par…
The United National Development Programme (UNDP) in 2005 offered Odotobri rural bank 70,000 Ghana Cedis as grant for being the best bank in the management of micro finance activities.
Mr. G.F. Opoku, the Supervising Manager of the ba…
The Reverend Edward Randolph-Koranteng, Head of Operations at UniBank Ghana Limited, on Monday launched its Web-based Banking Services tagged "Net-Based Banking Services" accessible through mobile phones.
He said the Net-Based bankin…
Members of Parliament on Friday engaged in arguments as to whether a loan facility for farmers was going to benefit the beneficiaries directly or would be used to facilitate their capacity building.
Some members of the Minority New P…
The implementation of the Ghana Business Code (GHBC), has gone a notch higher, with the commitment of 13 companies to undergo third party evaluation by Corporate Social Responsibility specialists for certification.
The companies inclu…
Mr. Jonny Owusu-Boadi, Chairman of the Board of Directors of Odotobri Rural Bank, has urged government to enforce the Akuaffo cheque system to enable cocoa farmers to benefit from banks in the country.
He said the Licensing Buying Compan…
A 12-member re-constituted national taskforce to monitor activities of foreign traders in the northern sector of the country was on Friday inaugurated in Kumasi.
The taskforce is to ensure that the country's investment regulations were r…
Dr. Edward Kofi Omane Boamah, Deputy Minister of Environment, Science and Technology, on Wednesday said the ministry would not stand by and watch players in the oil and gas exploration industry destroy the country's ecology and sacrifice t…
The Ghana Cocoa Board announced on Wednesday that it has released GH¢21,228,637.11 to 19 Licensed Buying Companies (LBCs) for the payment of the second trance bonuses to cocoa farmers in July.
A statement signed by Mr Anthony Fofie, …
The 30 per cent adjustment of petroleum prices by the National Petroleum Authority (NPA) on June 6, was informed by the upward movement of the price of landed petroleum products during the reviewed period.
Mr Emmanuel Buah, Deputy Mi…
Finance Minister, Dr Kwabena Duffuor, says the IMF Board's approval of US$597 million as balance of payment support to the country is a sign of renewed confidence in the economy.
"So far, this is the largest financing package in Afri…
Africa Finance Corporation (AFC), an organisation with the focus on financing infrastructure, industry and financial assets in Africa on Wednesday announced its participation in a loan syndication to raise $750 million loan facility to dev…
The Ghana Investment Promotion Centre (GIPC) on Wednesday inaugurated a 12-member National Task Force, to monitor the activities of non-Ghanaian entrepreneurs to ensure that they comply with the country's investment regulations.
The …
The Ministry of Finance and Economic Planning on Thursday announced the appointment of Mr Simeon Patrick Kyei as the new Director of Budget.
His appointment took effect from July 15, according to a statement from the Ministry.
…
Mr. John Gyetuah, Deputy Minister of Trade and Industry, on Thursday said government was determined to develop a vibrant private sector that would drive growth, expansion and diversification of the economy.
"This agenda for private sec…
Africa Finance Corporation (AFC), an organisation with the focus on financing infrastructure, industry and financial assets in Africa, has announced its participation in a loan syndication to raise $750 million to develop Phase 1 of the la…
Mr Freddie Blay, out-going Board Chairman of GOIL on Thursday announced that the company has commenced construction of facilities in Takoradi in the Western Region to store and supply aviation fuel.
This development, he said, would e…
Leaders of the Non-Aligned Movement (NAM), on Thursday resolved to follow up on the outcome of the United Nations High Level Conference on the World Financial Crisis, to prevent measures that would be taken at the expense of developing cou…
The Ghana Stock Exchange benchmark GSE All-Share index rose 7.28 points pushed by price gain in the shares of Ghana Commercial Bank.
The index closed up at 5,406.45 from 5,399.17 at the previous close on Wednesday.
Change for th…
The Chinese economy recorded Gross Domestic Product (GDP) growth of 7.9 per cent during the second quarter of this year from the 7.1 per cent growth rate recorded during the first quarter of the year.
The Minister in-charge of the Pub…
The African Hockey Federation (AfHF) will honour President John Evans Atta Mills at an Awards Gala on Friday, July 17 at the Alisa Hotel in Accra.
The AfHF Meritorious Award is in recognition of President Mills' contribution to the d…
Mr Kofi Opoku-Manu, Ashanti Regional Minister, on Thursday said the region's abundant natural and human resources would be harnessed to step-up developmental efforts.
He said the central location of the region made it a nerve centre for …
Parliament on Wednesday waived a tax element of 2,414,790 Euros on a loan agreement between Ghana, the Netherlands and Fortis Bank for the construction and equipping of a new Winneba District Hospital in the Central Region.
Presentin…
Business executives are optimistic that the next six months would be good for the operations of their companies, an Association of Ghana Industries (AGI) survey has revealed.
About 70 per cent of the 276 company executives, who took …
The International Monetary Fund on Wednesday approved a $600 million loan for Ghana to help stabilize the economy shaken by the global financial crisis.
The approval will allow Ghana to immediately draw $105 million of the three-year loan…
Vodafone Ghana has roped in 800,000 more customers nationwide since its launch in April this year, making it the fastest growing network in the country, Major Albert Don Chebe (rtd), head of corporate communications, has said in Sunyani.
…
The District Chief Executive of Bongo in the Upper East Region, Mr. Clement Akugre, has advised land owners to register their property at the Customary Land Secretariats (CLS) to help curtail the numerous disputes associated with land owne…
Mr Franklin Cudjoe, Executive Director, IMANI Centre for Policy and Education, on Wednesday called for steps to formalize informal businesses so as to ensure effective control of their activities.
Mr Cudjoe said the formalization wou…
South African President Jacob Zuma has called on global financial institutions to reflect the changing global economic realities.
He said the inability of global financial institutions to respond to the current global financial crise…