An integrated effort is significant to curb negative impacts of prevailing financial crisis, food shortage and increasing cost of petroleum in Africa, a United Nations official said here Tuesday.
UN Deputy Secretary-General Asha-Ros…
The GSE All-Share Index, the main measure of performance of the Exchange, once again ended flat as there were no changes in the main indices of the bourse.
The change year to date remained fixed at 63.98 per cent.
There were no…
A mobile technology expert on Monday expressed worry over Ghana's open mobile technology industry which makes it easier for foreign competitors to penetrate the local market.
Mr. Ehizogie Binitie, Director of Product Management and M…
A Senior Arab scholar said on Monday that Jordan's banking sector would not be affected by world financial crisis thanks to prolific monetary verification procedures.
Mohammed Haliqeh, President of Arab Academy for Banking and Financ…
Consultations are taking place at political and technical levels to assist Zimbabwe to launch the 2008/09 agricultural season and avert food shortages next year, a Cabinet Minister said on Monday.
Agriculture Minister Rugare Gumbo c…
Crude oil went up on Monday as investors predicted that the OPEC would almost certainly decide to cut crude output at an emergent meeting later this week.
Light, sweet crude for November delivery rose 2.40 dollars to settle at 74.25 …
Leaders of Canada's 10 provinces and three territories on Monday agreed they would make concerted efforts in fighting against the current financial crisis while calling for balanced measures from the Federal Government.
The provinci…
With the country facing ripple effects of the global meltdown, Indian Prime Minister Manmohan Singh on Monday assured the Lok Sabha that deposits in banks were " entirely safe" but said the nation must be prepared for a " temporary slowdow…
The Industrial and Commercial Bank of China (ICBC), the world's largest bank by market capitalization, opened on Monday its first Middle East subsidiary bank in Dubai, the commercial and financial hub of the United Arab Emirates (UAE).
…
The Atiwa Rural Bank at Kwabeng, made a net operating profit after tax of GH¢84,984 last year as against GH¢66,616 in 2006.
Mr Isaac Akomaning Asamoah, Chairman of the Board of Directors of the bank, who announced this at the 20th An…
Mr Kwame Osei-Prempeh, Board Chairman of the Ghana Supply Commission Limited (GSCL) said the rejuvenation of the GSCL, will transform it into a world class entity that would pay impressive dividends to its sole share holder.
He said …
Results of the first ever Ghana Insurance Awards were scrapped, following stakeholders' disagreements over winners in some categories.
Mr Afotey Odartefio, Executive Secretary, Corporate Initiative Ghana, organisers of the awards, to…
CHIC Ghana limited, authorized CHIC products distributor for Africa, has unveiled its premier product on the Ghanaian market, in Accra on Saturday.
The CHIC liquid vinyl product, a co-polymer coating system, is used for cleaning the …
Government in collaboration with the World Bank and the International Finance Corporation, is developing a national export strategy under the national Trade Policy and Support Programme of the Ministry of Trade.
"The strategy will hel…
The Asante-Akim South District Office of the Business Advisory Centre (BAC) has organised a 10-day training workshop on soap-making for 29 people at Yawkwei near Juaso.
The workshop, which was attended by participants drawn from the …
Ghana cedi on Wednesday continued to depreciate to the Dollar and the Euro but its gains to the Pound and CFA was enough to pull down slightly, the Gold Coast Securities (GCS)-Cedi Index by 0.01 points.
The Index, the composite measu…
A 100,000-GH cedi mutual fund has been established to serve as a source of credit for women entrepreneurs, Mrs Lucia Quarchey, President of Ghana Association of Women Entrepreneurs (GAWE) said on Thursday.
She said GAWE identified th…
Venezuelan President Hugo Chavez on Wednesday blamed the U.S. government and the International Monetary Fund (IMF) for the current world financial crisis.
Chavez made the remarks while inaugurating an international economic conferenc…
The International Monetary Fund (IMF) on Wednesday predicted that the Italian economy would be in recession both this year and next year, according to Italian News Agency ANSA.
In its latest World Economic Outlook, the IMF forecasts …
Zimbabwe's annual inflation rate rose to 231 million percent in July, driven faster by food prices, according to official Government statistics. The annual rate of price growth was 11.2 million in June.
It therefore gained 219.8 mill…
The Islamist group which last month ordered the closure of the main airport in Mogadishu, the capital of Somalia, said on Thursday it is ready to rescind its decision after negotiations about it.
The Al-Shabaab Islamist movement last…
UT FINANCIAL SERVICES, the 2nd Best Company on the Ghana Club and 100 and 2nd Most respected company in Ghana, last week took its Initial Public Offer to their clients and public in Kumasi and Takoradi to create awareness about the share o…
The GSE-All Share Index, the benchmark measure of performance of the Accra bourse, fell sharply by 78.77 points, pulled down by GH¢0.30 loss by Guinness Ghana Brewery Limited.
The index closed the session at 10,822.00 points down fro…
TechnoServe and its partners have, within the past one week, undertaken programmes designed to improve farmers' crop yields and income levels in the Upper West Region.
It has, with the support of Venture Capital Trust Fund, presente…
Mr Sadick Boateng, 42, of T.I. Ahmadiya Senior Secondary School in Kumasi is 2008 Best Teacher. He received a cheque for GH¢ 60,000 to put up his own house and a computer with accessories.
President John Agyekum Kufuor presented the …
Women have called on the Electoral Commission (EC), to ensure transparency and implement all the electoral laws to ensure peace in the forth-coming general elections in the country.
The women also appealed to the EC to ensure freedom…
President John Agyekum Kufuor on Monday called
for more robust intra-regional trade among West African countries to help them to effectively deal with the challenges of the global economic asymmetry.
This, he said, was also a neces…
Cocoa farmers in the Ashanti Region have praised the government for keeping faith with cocoa farmers in the country through the constant increase in producer price of cocoa.
Addressing a press conference in Kumasi in response to the …
Management of Barclays Bank Ghana says it has been able to mobilise deposits to the tune of GH¢12.1 million from its micro banking partners, mostly 'susu' collectors since the inception of the scheme in 2006.
It has at the same time p…
The Bank of Ghana in its attempt at refocusing and re-engineering the rural banking concepts has revised sections of the Rural and Community Banks regulations.
Under the new regulations corporate ownership of Rural and Community Banks…
The Geneva Trade and Development Forum (GTDF) has ended with a call on developing countries to strengthen regional trade opportunities and solutions to facilitate regional and national integration processes to boost international trade and…
The activities of some small-scale business operators in the Tamale Metropolis is causing nuisance, which if not addressed, could cause havoc to life and property.
The operators popularly referred to as "pity traders" invade and bloc…
Mr Emmanuel Asamoah Owusu-Ansah, Ashanti Regional Minister and Member of Parliament for Kwabre West has said that government's quest to improve the level of investments could only be realized if investors exploited the avalanche of busines…
The Adansi Rural Bank at Fomena in the Adansi North District, raked 233,742.67 Ghana cedis as profit excluding tax, in 2007, representing an increase of 26 per cent of the previous year's profit of 184,775.22 Ghana cedis.
The bank als…
Chinese Premier Wen Jiabao on Wednesday called for joint international efforts to maintain stability of the global financial market.
The rapid development of China-U.S. economic and trade ties has brought huge benefits to both sides …
Some small-scale business operators in the Tamale Metropolis are causing nuisance which, if not checked, could cause havoc to life and property.
The operators, popularly referred to as "pity traders," invade and block the pavements o…
US Presidential hopefuls Democratic Barack Obama and Republican John McCain were forced to focus on economy ahead of their first debate later this week which is supposed to centre on foreign policy, the US News and World Report said on Mon…
The resignation of President Thabo Mbeki would not result in major changes in South Africa's macroeconomic policy, ratings agency Fitch said on Monday.
"Key personalities in the Cabinet and at the South African Reserve Bank (SARB) se…
US President George W. Bush urged Congress on Monday to approve his 700-billion-dollar debt bailout plan to end the financial crisis.
"Americans are watching to see if Democrats and Republicans, the Congress and the White House, can …
International aid agency Oxfam on Monday called on world leaders to redouble their efforts to fight the impact of rising food and fuel prices, which it said were eroding real gains in poverty reduction.
Oxfam said in a statement ahea…
Ms Eveline Herfkens, Executive Coordinator of the Millennium Campaign, has called for a coherent global collaborative action to effectively deal with trade imbalances suffered by developing countries.
Addressing the maiden Geneva Tra…
The South Korean government announced to promote further deregulation in the nation's broadcasting, telecom and service industry in a bid to spur economic growth and enhance corporate competitiveness, the Korea Herald reported Friday. …
Wall Street rallied Thursday as news the U.S. government is considering a more comprehensive solution to the financial crisis.Reports said that Treasury Secretary Henry Paulson is considering the formation of a vehicle like the Resolution …
Crude oil ended higher after fluctuating sharply Thursday as the market was lifted by the U.S. government plan to save the financial system.
Light, sweet crude for October delivery rose 72 cents to settle at 97.88 U.S. dollars a bar…
Crude prices surged Friday afterthe U.S. government said it was working on a comprehensive plan torescue the banking system.
The U.S. Treasury, the Federal Reserve and congressional leaders said late Thursday they were putting togeth…
Vice President Alhaji Aliu Mahama, on Friday warned that Ghana could slip into the anarchy associated with some oil producing countries like Nigeria, if there is lack of transparency and accountability in the handling of the revenue expect…
Mr. Felix Owusu Agyepong, Minister of Energy on
Friday said the ministry would soon go into partnership with the Kwame Nkrumah University of Science and Technology (KNUST) to train people in
manpower for the emerging oil economy.
…
Awulae Annor Adjaye III, Paramount Chief of Western Nzema Traditional Area, has called Government to encourage investment in the entire Western Nzema District in the wake of the oil find.
He, together with his people, has welcomed th…
The Ministry of Finance is to hold the first ever Financial Literacy Week from September 22 to 28 to raise awareness and enhance understanding of the public of the range of products and services being offered by financial institutions.
…
Africa's export performance have not improved despite the removal of trade barriers, the 2008 United Nations Conference on Trade and Development report on Economic Development has said.
Titled; "Export Performance Following Trade Lib…
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