The mining industry paid GHC 179,978,383 representing 14 percent of total revenue collection, as royalty to the government in 2008.
Miss Joyce R. Aryee, Chief Executive Officer of the Ghana Chamber of Mines, who disclosed this, said …
The Enterprise Insurance Company has recorded a net premium income of 8.7 million Ghana cedis in 2008 as against 7.7 million in the previous year.
The Gross Premium income also rose from 16.5 million Ghana cedis in 2007 to 19.9 milli…
Dr Kwame Donkor, Deputy Minister of Energy, has said the government was taking steps to practicalise the use of local content across the broad spectrum of oil exploration and operations.
Government, he said, would therefore place emp…
Mr John Gyetuah, Deputy Minister of Trade and Industry, on Friday called on stakeholders in business to collaborate with government to develop a national policy framework for Corporate Social Responsibility (CSR).
He said the CSR pol…
The Kumasi Zoological Gardens (KZG) collected a total revenue of GH¢40,418.85 from visits of 129,948 tourists in 2008 as against GH¢34,061.10 from 111,487 visits in 2007.
The increase in both revenue and visits were due to the transfer …
US President Barack Obama on Tuesday named former South Carolina Schools Chief Inez Moore Tenenbaum as Chairman of the Consumer Product Safety Commission ( CPSC).
He also promised to increase the panel's funding in a statement releas…
The Forestry Commission (FC), has appealed to Ghanaian timber producers and exporters to join hands and support initiatives designed to help the country to meet the current global requirements for legal and sustainable timber.
Mr H.G Col…
Mr Samuel Akpade, Birim Central Municipal Agriculture Officer, on Wednesday, advised farmers to pay equal attention to livestock and poultry production as they do to food crop cultivation to help reduce poverty among them.
Speaking a…
Ghana in 2008 recorded over 14.5 million tons in maritime trade, representing a 10 percent increase over the 13.2 million tons handled by the country's seaports in 2007.
Out of the total, the Tema port had a seven percent increase in its…
Basic infrastructural facilities at the Boankrah Inland Port project in the Ashanti Region is 99 percent complete, Mr Emmanuel Martey, Deputy Chief Executive Officer (CEO) of the Ghana Shippers Council (GSC) said at Tema on Tuesday.
…
Compliance rate on rent tax is low in the Volta Region because of ignorance, Mr Kwesi Oppong-Damoah, Regional Director of the Internal Revenue Service (IRS) said on Tuesday.
He said many property owners in the region were confus…
Major Daniel S. Ablorh-Quarcoo (Rtd), Commissioner of Internal Revenue Service (IRS) on Tuesday said religious bodies that engaged in activities of trade, employment or investment are taxable under the tax law.
"For example, where re…
The youths need to be effectively targeted so that they would have a stake in the future, Africa Region Vice President of the World Bank, Ms Obiageli Ezekwesili has said.
Ms Ezekwesili was speaking in Washington when a panel of exper…
About 20 women engaged in petty trading in Kumasi have benefited from a 3000 Ghana cedis loan facility from the African Women Development Fund, (AWDF).
The loan, which attracts an interest rate of 15 per cent is meant to increase tra…
Canada will challenge the European Union's plan to ban its seal products at the World Trade Organization, Trade Minister Stockwell Day said on Tuesday.
Earlier in the day, the European Parliament voted to pass a ban on seal product i…
Mr. Mark Woyongo, Upper East Regional Minister, said that government would soon implement measures to improve agriculture to create employment and facilitate development in the Northern part of the country.
He said they included reva…
The GSE All-share index, the benchmark measure of the performance of the Accra bourse, continued its downward march on Monday when it lost 7.28 points.
The index ended at 8.815.63 points from 8,822.91 points. Change for the year to d…
The Kekeli Evangelical Presbyterian Church in Ho on Monday petitioned the Volta Regional Police Command to investigate an incident in which two policemen allegedly assaulted its member resulting in damages to one of his eardrums.
Mr …
Madam Dzifa Aku Attivor, Deputy Minister of Transport on Monday underscored the need for stakeholders in the maritime industry to remove bottlenecks that impede trade at the ports for increased revenue generation.
She noted that clea…
The Central Regional Minister, Madam Ama Benyiwa-Doe has assured investors in the region of adequate land and security to ensure the booming of their establishment.
The Regional Minister said this when a six-man delegation from the US…
The economy grew by 7.3 per cent in 2008 buoyed by strong growth in agriculture, industry and services, the Ghana Statistical Service announced on Thursday.
The GDP growth is based on about 70 per cent of data gathered so far from th…
Mr Douglas Akonortey, External Relations Officer of Marglas Potash Industries Ghana, has observed that production of Potassium Carbonate (Potash), from dry cocoa pods by the company, would help reduce poverty among women in cocoa growing c…
Unilever Ghana Limited registered a net profit after tax of GH¢29.2 million in the financial year ended 2008, as against GH¢12.4 million in the previous year.
The company's operating profit also rose by 56.7 per cent from GH¢18.2 mil…
Mr. Haruna Iddrisu, Minister
of Communications, has urged telecom operators to be considerate of peoples' reservations about telecom towers mounted close to their dwelling place and institute measures to allay the anxieties of the publi…
The Ghana Trades Union Congress has expressed misgivings about a decision of an Accra High Court to the effect that employers could hire and fire without giving any reasons for the termination of employment.
Speaking at the May Day p…
Ms. Akua Sena Dansua, Minister for Women and Children's Affairs, on Thursday said government was encouraging the use of non-traditional tree species, specifically bamboo, as a supplementary raw material for entrepreneurs in the
wood indu…
Afric Xpress, an electronic payment solution provider focused on mobile payments, have signed a landmark deal with the Ghana National Chemical Sellers Association under which members will transact businesses with customers using the txtNpa…
The first of more than 3,500 participants arrived at the Bali International Convention Center Friday as registration desks opened for Asian Development Bank's ( ADB) 42nd Annual Meeting of the Board of Governors, ADB said in a news release…
The U.S. House of Representatives passed a credit card bill on Thursday to eliminate sudden interest rate increases and late fees, protecting millions of consumers.
The bill was passed by a bipartisan vote of 357-70 and follows lob…
Consumer products containing biocide dimethylfumarate can no longer be placed on the market in the European Union (EU) as of May 1, the European Commission said on Thursday.
The ban was put into place by a commission's decision whi…
The European Commission decided to approve a prolongation of the Finnish support scheme on Thursday to stabilize financial markets by providing guarantees to eligible financial institutions.
The European Union (EU)'s executive arm …
The European Commission approved on Thursday a proposed acquisition of Delphi Steering Business, a U.S. manufacturer of steering products for motor vehicles, by U.S. car maker General Motors (GM).
"The transaction would not signifi…
Hungary's aim at the Shanghai World Expo is to introduce the country's natural resources, people, economy and culture to visitors from different countries, the Hungarian prime minister's commissioner said.
"We don't want to exhibit…
Mr Eric Opoku, Deputy Brong Ahafo Regional Minister on Thursday told regional members of the Association of Road Contactors (ASROC) to deliver quality service to justify the use of the tax-payer's money.
He said if projects were wel…
Mr. Kusi Boakye-Yiadom, the Chief Executive Officer of GESRO Credit Union, said though poverty is high in several communities and in many families, individuals who determine to overcome it, could become successful.
He said the man…
The MTN Ghana Foundation, an umbrella body which directs and manages MTN's social responsibility programmes, on Wednesday held a workshop to educate the public on guidelines to consider when writing project proposals to it for consideratio…
Mr. Johnson Ben Oduro, Manager of Ghana Business Code (GHBC), has urged companies and business organizations to abide by the code to ensure fair treatment of stakeholders.
He said Ghanaian business organisations supported the establi…
The Deputy Minister of Trade and Industry, Mr John Gyetuah, has called on stakeholders in the import trade to chart a new path for the destination inspection scheme.
He noted that the scheme had met some challenges that had to be add…
HFC Bank will expand its banking business and grow its subsidiaries to further enhance earnings.
In this direction, the bank has got approval of shareholders to inject additional capital of US$30 million to recapitalise its operation…
An estimated 1.3 billion US dollars was realized from the tourism sector last year, thus making it the fourth highest foreign exchange earner after gold, cocoa and remittances from Ghanaian residents abroad.
Also, a total of 232,883…
Alhaji Mohammed Mubarak Muntaka, Minister for Youth and Sports has called on managements of companies in the country to be innovative and add more value to their products to create jobs for the youth.
He said creating jobs for the yo…
Fuel prices in Ghana have once again been pegged lower than those of neighbouring countries, creating jobs, illegal though, for border residents.
Even though it would be difficult to estimate the quantity of petroleum products that a…
President John Evans Atta Mills has constituted a 10-member Economic Advisory Council (EAC) to advice him on key economic policy issues and policy options in managing the impact of the current global and domestic economic challenges and ma…
The Minister of Trade and Industry, Ms. Hanna Tetteh has urged stakeholders attending a forum on Ghana's Interim Economic Partnership Agreement (EPA) with the European Union (EU) to consider details of all aspects of the agreement to give …
The HFC Bank last Thursday donated GH¢20,535 to the College of Art and Social Sciences (CASS) of the Kwame Nkrumah University of Science and Technology (KNUST} towards the publication of the maiden edition of the college's journal and a co…
The Greater Accra Regional Minister, Nii Armah Ashitey, has called on the Chief Executive and Assembly Members of the Tema Metropolitan Assembly (TMA) to urgently review the Tema International Trade Exposition Centre (TEXPO) contract.
Ni…
The Deputy Minister of Energy, Dr Kwabena Donkor on Tuesday reaffirmed government's commitment to ensure transparency and good governance in the management of the country's oil find.
Speaking at the launch of Oil and Gas Sector Resea…
Standard Chartered Bank will focus on enhancing liquidity, injecting new capital, managing risk and controlling cost to enable it to take advantage of opportunities to increase market share and grow the business in its chosen segments, its…
A Development Planner on Tuesday appealed to the government to task the National Development Planning Commission to develop policy that would serve as a blueprint for the development of resource endowed communities.
Mr Nyaaba…
A Development Planner on Tuesday appealed to the government to task the National Development Planning Commission to develop policy that would serve as a blueprint for the development of resource endowed communities.
Mr Nyaaba…
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