A Kumasi Circuit Court has sentenced a 40-year-old estate agent, Kwaku Boye, to 24 months' imprisonment for theft.
He pleaded guilty to charges of conspiracy, unlawful entry and stealing. His two other accomplices named only as Antwi…
Altana, the German maker of pharmaceuticals and specialty chemicals, unveiled Thursday lower-than-expected earnings in the first quarter of this year and appeared to be fractionally more cautious about the outlook for the full year.
A…
BASF, the world's biggest chemicals company, said Thursday that earnings rose strongly in the first three months of the current year as strong demand for its products and cost-cutting measures helped offset the effects of high raw material…
European Aircraft giant Airbus Industrie has cried foul over state-run Air India's decision to buy 50 Boeing jets, saying it was denied a chance to show off its new A380 superjumbo, as analysts said politics influenced the decision.
A…
The head of Taiwan's United Microelectronics Corp (UMC), the world's second largest contract chip maker, will challenge a government fine for making an unauthorized investment in China, a report said Thursday.
UMC chairman Robert Tsao…
Anglo-Australian mining group Rio Tinto on Thursday announced a 290 million US dollar expansion of its Hamersley iron ore operations in Western Australia.
With demand from China taking iron ore production to record levels in Australia…
French Prime Minister Jean-Pierre Raffarin appeared to appease China's dissatisfaction over the pending reintroduction of import quotas on its exports to the European Union, saying Beijing was taking unilateral actions to limit its exports…
Mr Robert L Quarshie, Senior Manager, Agave Rural Bank has deplored the lukewarm attitude of managements of Rural Banks in the Volta Region to staff training.
He was presenting a report of the performance of Rural Banks in the Region…
Mr Divine Otoo, Chairman of the National Plastic Waste Management Taskforce, on Friday announced that plastic waste generated in the country would be exported to some recycling companies in China and America to help solve the plastic waste…
The Food and Agriculture Organization on Wednesday said it has alternative programmes and facilities that would benefit Ghana's fisheries industry and move it forward.
Mr. Oloche A. Edache, Assistant Director-General and Regional Repr…
Mr Jake Obetsebi-Lamptey, Minister of Tourism and Modernization of the Capital City, on Thursday advised students studying tourism to be innovative to make money from the industry.
He said tourism was a private sector activity and a lo…
A visiting Belgian Senator, Mr. Arnold Van Aperen has promised to assist local producers of mango, orange and pineapples to have access to Belgian and European markets due to their high quality.
"The Ghanaian fruits are of high quali…
Filipinos are losing confidence in President Gloria Arroyo's ability to deal with a looming fiscal crisis in the Philippines, according to an independent poll published Monday.
The March 3-16 Pulse Asia poll of 1,200 adults showed onl…
World oil prices rose slightly on Friday, a day after surging to fresh record high points nearing 58 dollars in New York amid robust global demand.
New York's main contract, light sweet crude for delivery in April, rose 15 cents to 56…
Japan on Saturday refused to say when it would buy US beef again after Secretary of State Condoleezza Rice made a personal appeal for the former top market to resume imports stopped over mad cow disease fears.
Japanese Foreign Ministe…
Investment analysts on Monday predicted that prices of registered stocks traded on the Ghana Stock Exchange (GSE) would continue to decline this year but said there was no cause for alarm because the phenomena was the result of market forc…
Mr. Alan Kyeremanten, Minister of Trade and Industry said on Tuesday globalisation imposed serious limitations on the abilities of nations to grow, especially when "some developed nations are technologically advanced than others and the tr…
Madagascar is to receive a total of 110 million US dollars, as the contribution of the United States towards a four-year project aimed at reducing poverty by expanding the property rights for the country's citizens, expanding banking and f…
The Tema Regional Officer of the Industrial and Commercial Workers Union (ICU), Mr Morgan Ayawine, has called on local unions and management of companies to re-strategise and apply achievable methods in production to ensure expansion and j…
Hong Kong flag carrier Cathay Pacific Airways reported Wednesday a 2004 net profit of 4.42 billion Hong Kong dollars (567 million US dollars), more than triple the 1.3 billion dollars posted in a disastrous SARS-hit 2003.
Analysts ha…
The main benchmark of the Ghana Stock Exchange (GSE) slumped again in trading on Monday on a huge loss by Unilever.
The GSE All-Share Index lost 44.51 points at 6,795.47 points from Friday's close of 6,839.98.98 points.
Change…
Australian media group John Fairfax Holdings voiced optimism Monday about boosting its earnings over the coming six months after posting a strong 26 percent jump in net profit for the half-year to December 31.
Outgoing chief executive…
France's media put Finance and Economics Minister Herve Gaymard in their sights on Wednesday after a report revealed he and his family were living in an apartment off the Champs-Elysees in Paris at a cost of 14,000 euros (18,000 dollars) a…
Mr Emmanuel Darko, the General Manager of Credit Unions Association of Ghana (CUA), has said credit unions held the key to poverty alleviation in the country.
He said the credit union concept was the surest way of increasing people'…
Uganda's export earnings have been growing by 9.2 percent annually for the last four years, an
official with Uganda's Export Promotions Board said on Tuesday.
Ben Natulinda told Xinhua on Tuesday that in the calendar year 2000, Ugand…
The Ghana Stock Exchange All-Share Index, the main market indicator, fell again on Wednesday under losses by British American Tobacco (BAT) and Aluworks.
The Index went down by 27.22 points, the second successive loss after 11.92 poi…
Norway on Monday issued an invitation to tender to international oil companies for the exploration and production of 192 blocks on the Norwegian continental shelf, amid high oil prices that make exploration more attractive.
The number…
Mr Charles Addo Kobea, Sales Manager of Guinness Ghana Ltd at the weekend stated that, the Guinness promotional sale that is going on in the country is to reward their loyal customers.
Mr Kobea, who made this remark at the "Juaso Downtow…
Mr Wilson Yeboah, the Nkawie District Quality Control Officer, has debunked claims by some farmers that the mass cocoa spraying exercise had contributed to the high incidence of the purple colour before drying.
He attributed the pur…
President John Agyekum Kufuor on Wednesday said the Government had no ulterior motive over the Songhor Salt Project but was rather determined to ensure that the economic potential of the area was utilised for the benefit of the people and …
The Registrar General said on Wednesday that it would, as from December 1, accept applications for the registration of trade marks for services (service marks).
This is because the Trade Marks Act, Act 664 of 2004, has extended prote…
President John Agyekum Kufuor on Wednesday said the Government had no ulterior motive over the Songhor Salt Project but was rather determined to ensure that the economic potential of the area was utilised for the benefit of the people and…
Kaaseman Rural Bank at Sefwi-Kaase in the Western Region, had recorded a net profit of 1,873 billion cedis for the 2003 financial year, as against the 809 million cedis it realised in 2002.
The figure represents an increase of over …
Mr. Emmanuel Asiedu-Mante, Deputy Governor, Bank of Ghana on Friday urged Financial Non Governmental Organisations (NGO's) into micro-credit to adopt prudent accounting practices that meet international standards.
He said as financial…
President John Agyekum Kufuor on Friday laid a pipe for work to commence on the 40.2 million-dollar Buipe-Bolgatanga Petroleum Products Pipeline project at Buipe, in the Northern Region.
It would transport petroleum products, gasoline d…
The Precious Mineral Marketing Company (PMMC) last night honoured 61 companies and individual at its annual dinner and awards ceremony for their immense contribution towards the development of mineral industry in the country.
The aw…
Mr Kwadwo Adjei Darko, the Minister of Local Government and Rural Development, has said henceforth markets in the country would have management and board of directors to ensure peaceful and smooth operations.
He said members of the ma…
Members of the Ahanta West District Forestry Forum Thursday, alleged that, illegal chain saw operators are destroying the Cape Three Points Forest Reserve on a large scale.
They said the group of illegal chain saw operators do their oper…
Mr James Kainyah, Chairman of the Sekondi-Takoradi Chamber of Commerce and Industry has said one key issue that most importers ignore in their business management, is lack of proper record-keeping for effective operetion.
He was speaking…
Ghana and Iran on Friday signed a Memorandum of Understanding for a grant of 1.5 dollars (about 13.8 billion cedis) for the supply of ambulances to enhance the emergency response capabilities of hospitals and clinics.
Minister of Sta…
Placard bearing non-teaching staff of the Ghana Education Service (GES) who are members of the Teachers and Educational Workers Union (TEWU) on Friday went on a demonstration to protest delays in the payment of their salary adjustments.
…
The Management of Amansie West Rural Bank, in the Ashanti Region, has presented a cheque of 10 million cedis to the Amansie West District Health Insurance Scheme as the Bank's contribution to the scheme.
The Chairman of the Board of…
Kwadwo Affram Asiedu, Deputy Minister of Trade Industry and President's Initiatives on Tuesday called for the re-engineering of Small and Medium Scale Enterprises (SME's) to contribute to the country's industrialisation process.
He …
The Ministry of Lands and Forestry on Tuesday called for a collaborative effort by all stakeholders in the formulation of appropriate strategies of bamboo preservation as an alternative to timber.
Professor Dominic Fobih, Minister fo…
The ARB Apex Bank Limited would soon launch a new product called "Efie Ne Fie", literally meaning "Home is Home", Mr. E.K. Kwapong, Managing Director of the Bank has announced.
He said the product would make it easier for urban settl…
The Ghana Standard Board (GSB) on Wednesday cleared Star and Alcobre electrical cables saying the cables manufactured locally by Reroy Enterprise Limited had been certified by the Board.
A statement issued by the Management of the GS…
Earnings from non-traditional exports (NTEs) would reach 600 million dollars by the end of this year from 589 million dollars in 2003, Mr Alan Kyeremanten, Minister of Trade, Industry and PSI, said on Thursday.
The Minister was spea…
The Accra bourse slid in poor trading on Friday as the year slowly winds down and the market caves in under bearish sentiments.
The GSE All-Share Index, the main market index, was down by 4.96 points to 6,893.18 points from 6,898.14 …
The Moderator of the Presbyterian Church of Ghana, Rev. Dr Sam Prempeh, on Thursday said most business have run into bankruptcy because of improper planning and management of funds.
He said some businessmen have had to fall on their …
The British Government has given Ghana a grant of 20 million pounds (¢325 billion) as budgetary support.
The grant was disbursed as part of the performance tranche of the Multi Donor Budget Support (MDBS) Programme, to help the Gov…
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