Canadians drove their vehicles a lot less during the second three months of 2008 than they did a year earlier, likely due to the impact of soaring fuel prices at the time, according to a new report released on Tuesday.
The number of …
Mr Mawutor Goh, Ho Municipal Chief Executive, has called on banks to make collaterals for loans 'area specific' to make it possible for fledgling businesses in towns and villages to also benefit.
He said current requirements were ove…
The Ghana Investment Promotion Centre (GIPC) is making efforts to give indigenous Ghanaians a more active and rewarding role in Ghana's economy through the negative list.
The Negative List which is being developed, delineates activ…
A deal on the World Trade Organization's (WTO) Doha round trade talk is an urgent necessity to help poor countries tackle the current global economic crisis, the organization's Director General Pascal Lamy said on Wednesday.
"In the …
Japanese Prime Minister Taro Aso on Monday failed to meet the request of main opposition Democratic Party of Japan (DPJ) leader Ichiro Ozawa that the government will submit a second supplementary budget for the 2008 fiscal year during the …
German Chancellor Angela Merkel said on Monday that her government would make the decision on whether and how to help General Motors' German unit Opel through its financial problems before Christmas.
Speaking after emergency talks w…
London could be the worst hit among cities across Britain by the current recession, with almost two in five jobs at risk over the next two years, says a new report published on Monday.
The report titled 'From Recession to Recovery: T…
The Institute of Economic Affairs (IEA) on Monday said despite economic growth recorded in the past, there was deterioration in the performance in 2007, continuing the trend started in 2006.
"In spite of the achievement of growth rat…
The Minister for Fisheries, Mrs Gladys Asmah, on Saturday cut the sod for the construction of a $13 million fishing landing site at Moree, a fishing community in the Abura-Asebu Kwamankese District in the Central region.
The site exp…
Chinese President Hu Jintao and other leaders from the Group of 20 (G20) members gathered here Saturday for a summit with issues of financial markets and global economy topping the agenda.
President Hu and other leaders have been inv…
The finance ministers of China, Japan and South Korea on Friday night agreed to enhance collaboration to effectively address the ongoing global financial crisis.
In a joint message released after an informal trilateral meeting, the m…
Leaders from the world's major economies kicked off a summit here on Saturday to tackle the ongoing financial crisis and explore measures to prevent similar crisis in the future.
The summit, billed as the first in a series, is attend…
Iran's Oil Minister Gholamhossein Nozari and Turkish Energy and Natural Resources Minister Hilmi Guler met here Saturday on energy cooperation between the two countries, Iran's Energy and Oil Information Network (SHANA) reported.
Gul…
A financial summit held here on Saturday that gathered leaders from the world's 20 richest and emerging economies is also contacted by U.S. President-elect Barack Obama through his bipartisan senior advisors.
With more than two mont…
Leaders from the world's major developed and emerging economies agreed here on Saturday to undertake immediate moves to stabilize financial markets and support economic growth.
Against the background of deteriorating economic conditi…
The ARB Apex Bank, the umbrella body of rural and community banks is to withdraw its bullion van services to the banks in order assist them to acquire their own means of such services.
The Apex Bank has therefore entered into an arran…
The Abokobi Area Rural bank Limited, one of the earliest established rural banks in Ghana, made 160 per cent in 2007 which enabled it to transfer GH¢95,000 to meet its minimum capital requirement.
The bank posted profit before tax of …
Economic activity is projected to fall by 0.9 per cent in the United States next year as Organisation for Economic Cooperation and Development (OECD) countries enter a protracted slowdown, according to latest projections.
That of …
Zain Ghana, a telecom company, on Thursday extended their sincere apologies to the Chiefs and people of Osu for wrongfully erecting a mast inside the Osu Royal Mausoleum.
A statement from Zain Telecom Towers noted that the company de…
Lady Julia Osei Tutu, wife of Asantehene, Otumfuo Osei Tutu, II on Thursday, inaugurated the 750,000 Ghana cedis new head office complex of Sinapi Aba Trust, christened "Gale House" in Kumasi.
The complex funded through internally gen…
Mr Kwabena Okyere Darko-Mensah, New Patriotic Party (NPP), Parliamentary Candidate for Takoradi Constituency has observed that the country's development depended on meaningful contribution of the individual especially the youth.
He n…
Mr David Venn, the new Chief Executive Officer of Ghana Telecom/Vodafone said on Thursday that Vodafone is in the country to change the telecom market.
He made the statement at his first meeting with journalists to introduce himself …
Mr Seth Abloso, acting Head, Organization Department of the Ghana Trades Union Congress (GTUC) has said that, Ghana would lose its sovereignty and perpetually remain under-developed by signing to the Economic Partnership Agreement (EPA).
…
Mr Ignatius Baffour 0wuah, Brong-Ahafo Regional Minister, has lauded the achievements of the government's Millennium Development Goals (MDG's) within its eight year term in office.
He noted that it was part of the government's strate…
The Chief Director, Ministry of Finance and Economic Planning, (MoFEP) Nana Juaben Siriboe on Friday stressed the need for an improved governance structure in microfinance administration in the country.
Speaking at the Second Annua…
President John Agyekum Kufuor on Friday performed the ceremony to signal official commencement of construction works on a 16.5 million-dollar ultra-modern Fishing Harbour and landing site at James Town in Accra.
This comes with an …
The annual inflation rate fell to 17.30 per cent in October down from 17.89 percent a month earlier, Dr Grace Bediako, Government Statistician said on Friday.
This is the fourth consecutive monthly drop since inflation went up to a hi…
The World Bank on Friday presented a total of 35,000 dollars to 10 Civil Society Organisations (CSOs) to undertake social and economic projects aimed at complementing its assistance operations.
Majority of the beneficiaries, this yea…
Members of Greater-Accra Regional Chamber of Commerce and Industry (ARCCI), on Monday appealed to management of UT Financial Service to reduce its interest rates to enable them access loans from the company.
Mr Douglas Akuamoah-Boate…
The World Bank Group on Wednesday said it would substantially increase financial support for developing countries, including the launch or expansion of four facilities for the crisis-hit private sector that was critical to employment, reco…
Mr Emmanuel Nyarko, Volta Regional Director of the National Board for Small Scale Industries (NBSSI), on Wednesday called on government to grant tax holidays to newly established enterprises especially those owned by young people.
Th…
Carpenters attending a workshop on capacity building, have called on the Forestry Commission (FC) to enforce the law that compel saw millers to sell 20 percent of lumber produced locally.
They said the non-compliance of the law by saw mi…
The GSE All-Share Index, the main measure of performance of the Exchange, was unchanged for the second trading session this week as investors continue to shy away from the market
The index ended at 10,608.04 points, the same as on Tu…
A lecturer at the University of Ghana, Legon, has called for effective education on pre-credit and post-credit activities for women in the rural areas to enable them to understand how the financial market operates.
Dr. Irene Egyir of…
The upcoming 16th leaders' meeting of the Asia-Pacific Economic Cooperation forum (APEC) will serve as a stage for boosting free trade in the region, Peruvian Vice President Luis Giampietri told Xinhua on Wednesday.
"Globalization is…
The Brong-Ahafo Regional Forest Forum of the Forest Service Division will embark on tree planting exercises throughout the region to promote forest resources.
The project would be undertaken in partnership with the National Youth Emp…
Mr. Ralph Osei Ameyaw, Executive Secretary, Council for Indigenous Businesses Association (CIBA), on Tuesday told workers in the informal sector that one of the surest ways of securing loans from the financial institutions to revamp their …
The Institute of Economic Affairs (IEA) on Tuesday stated that real Gross Domestic Product (GDP) for 2007 fiscal year dropped to 6.2 per cent from the 6.4 per cent recorded in 2006.
"The 6.2 per cent economic growth rate recorded for…
As part of its restructuring programme, the Ghana Investment Promotion Centre (GIPC) is recruiting skilled and dedicated Ghanaians to fill key positions in its bid to attract private, domestic and foreign investments to transform Ghana int…
The Andean Community of Nations (CAN) has decided to suspend negotiations on a trade agreement with the European Union (EU), said reports reaching here from Brussels on Monday.
CAN requested to postpone talks with the EU scheduled fo…
The Agona Swedru branch of the Barclays Bank last Saturday, presented baby mattresses and other items to the Agona Swedru Government Hospital worth GH¢1,200.
The items include gallons of paint, brooms, boxes of biscuits, brushes for …
Crude futures closed higher Monday amid concerns about the mounting global financial crisis.
Oil prices opened higher in the morning after China announced new economic stimulus plan aimed to boost domestic demand. U.S. crude rose as …
A programme dubbed: "National Services Export Strategy,"was launched on Tuesday with the aim of exporting consultancy services, medical tourism, travel and leisure, education and other non-tangible and invisible services provided by Ghanai…
A total of 230 hectares of Sunflower farms for the production of Bio-diesel had matured and ready for harvesting.
The farms, established at Tumu, Walewale, Mpaha and Damongo in the northern part of the country, and Agona Asafo near A…
Favouring a "new Bretton Woods Agreement", International Meeting (I.M.F.) chief Dominque Strauss-Kahn has said an early warning system to detect impending dangers to the world economy must be put together by international financial experti…
The Suame Magazine Industrial Development Organisation (SMIDO) has established an auto diagnostic centre at the Suame magazine.
The centre, which would be inaugurated by the first week of December, is expected to enrol ten students t…
The United States Government on Friday inaugurated a 9,500-dollar bead-making factory for Manya Krobo Queen Mothers Association to generate income to cater for People Living With HIV/AIDS (PLWA), orphans and the vulnerable in society.
…
Parliament on Friday ratified the sale and purchase agreement of 70 per cent of issued and fully paid up shares of the Volta Aluminium Company Limited (VALCO), without any objection from the Minority
side which last week raised concerns …
Gemni Life Insurance Company (GLICO) on Thursday extended two of its micro insurance products to traders at the Adabraka Market in Accra with a call on them to save during their trading activities in order to fortify their future.
The pr…
The Youth Forum of the National Democratic Congress (NDC), on Thursday pointed out that it was a matter of great hypocrisy for the government "to refuse to adequately reduce fuel prices."
This, the Forum said, had prevented Ghanaian…
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