The International Finance Corporation (IFC), a member of the World Bank Group, on Monday announced the launch and pricing of a five-year $1 billion benchmark issue, part of its regular programme of raising funds for development lending.
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The Staff of the Osu Ringway Estate local office of the VAT Service were on Wednesday schooled on the use of the e-zwich smart card, to enable them to use the technology effectively for revenue collection
Mr Archibald Hesse, General …
Mr Eric Busby Quartey-Papafio, Municipal Chief Executive (MCE) for Ga West on Wednesday called for the support of assemblymen in the area to improve its revenue mobilization.
He said this was necessary to enable the municipality recov…
Mr Eric Busby Quartey-Papafio, Municipal Chief Executive (MCE) for Ga West on Wednesday called for the support of assemblymen in the area to improve its revenue mobilization.
He said this was necessary to enable the municipality recov…
Mr Thomas Manu, Director in-charge of Exploration and Production of the Ghana National Petroleum Corporation (GNPC) on Wednesday said Ghana's initial oil production capacity could be about 60,000 barrels a day depending on the number of oi…
Mr Thomas Manu, Director in-charge of Exploration and Production of the Ghana National Petroleum Corporation (GNPC) on Wednesday said Ghana's initial oil production capacity could be about 60,000 barrels a day depending on the number of oi…
SEND Foundation of West Africa, an international NGO, has provided a cheque for GH¢ 1,700 to support Mr. Amadu Fatawu, identified as a "model youth", to expand his electrical engineering business.
SEND Foundation identified Mr. Fata…
The Gold Coast Security (GCS)-Cedi Index rose 0.12 points on Thursday indicating a loss in the value of the cedi against the four major international currencies.
The Index, which is a composite measure of the value of the Ghana cedi …
The winning numbers of the Mid-Week Lotto Draw held in Accra were, 17 - 2 - 37 - 69 -and 57, according to a bulletin of the National Lottery Authority.
Two agencies of the Gomoa Ajumako Rural Bank at Gomoa Eshiem and Ankamu-Junction have been re-opened to ensure prompt and quick services to the farmers, fishermen, traders and other businessmen and women in the area.
Mr Robert Arkoh,…
An exhibition of Chinese New Year woodblock prints opened here Monday to showcase this traditional Chinese art on the eve of China's Spring Festival.
More than 100 exquisite woodblock prints in various styles and from different places o…
China and the US opened high-profile trade talks speaking against protectionism but both remained sharply divided as before on thorny issues
like trade barriers and appreciation of the Chinese currency.
At the top-level third Strategic …
A traditional ruler has stated that the current financial position of the State Insurance Company (SIC) makes it a very viable business entity for investment in the country.
Baffour Osei Tutu Amofa 11, Kronkohene of Kumasi, urged Ghanai…
Rural Banks have been urged to reconcile and submit their returns on time to avoid being sanctioned.
Mr. Joseph Weital, a representative of the National Executive Committee of APEX Bank Board sounded the warning at the weekend in Baw…
Security personnel has seized and detained a quantity of automobile accessories from Sadat Car Accessories Enterprise at Abbosey Okai in Accra for infringing on the trademark of the sole agent in Ghana.
The goods bore the trademark …
The government's recent raising of 750 million dollar Eurobond has been described as a vital pulse of measuring investor appetite
for various levels of interest rates and maturities in Ghana.
Mr Kwadwo Baah-Wiredu said this in …
The annual rate of inflation dropped marginally by 0.1 percentage points from 10.2 per cent in September to 10.1 per cent in October, the Deputy Government Statistician, Professor Nicholas Nuamah-Nsowah, announced on Friday.
At a pr…
Members of the Ghana National Association of Farmers and Fishermen (GNAFF) are to benefit from a 60 million-dollar a year deal to export groundnuts to a major buyer in the European Union.
Mr Charles K. Annan, Executive Secretary of …
Mr Kafui Bekui, Central Regional Director of Fisheries, have expressed concern over reports of intimidation and assault of canoe fishermen by the crew of fishing trawlers, on the high seas.
He said reports reaching his office indica…
Most Ministries, Departments and Agencies (MDA) and Metropolitan Municipal and District Assemblies (MMDA) are yet to adapt and implement structured measures to deter and prevent corporate fraud, abuse and waste, the Internal Audit Agency …
A five-member Municipal Food Security Network has been inaugurated with Nana Owusu Gyare II, Akwamuhene of Techiman Traditional Area, as its chairman.
Inaugurating the committee Mr. Prince Yaw Donyina, Techiman Municipal Chief Execu…
The Ghana Office of the World Bank has presented cheques totalling about 30,000 New Ghana Cedis (300 million cedis) to eight community based organisations to carry out various advocacy programmes under its Small Grants awards.
The S…
Managements of rural banks have been urged to adopt effective strategies to mobilize more deposits through appropriate and attractive packages and products to mop up excess liquidity outside the banking system.
Mr Emmanuel Kwapong, …
About forty small-scale entrepreneurs have been sensitised on Component Three of the Urban Poverty Reduction Programme (UPRP III) at a meeting in Apam, one of the 12 selected towns to benefit.
Under UPRP III, which involves interven…
President John Agyekum Kufuor conveyed Ghana's appreciation to China for its support for the Bui Hydro-electric Dam Project.
The Chinese Government is providing a concessionary loan support of 270 million dollars towards the projec…
The Union Rural Bank at Senya Beraku made a pre tax profit of 890 million cedis in 2006 as against 722 million cedis in 2005.
Mr. Kwasi Essel Koomson, chairman of Board of Directors of the Bank said this at the fifth Annual General Mee…
The Swollen Shoot Virus Disease has affected 7,026 cocoa trees in the Eastern Region as at July, Mr Antwi Agyei, Deputy Regional Manager of the Cocoa Swollen Shoot Virus Disease Control Unit (CSSVDCU) of the Ghana Cocoa Board (COCOBOD) h…
Rural and community banks have been urged to ensure effective supervision of agencies, address poor credit management processes, high levels of outstanding reconciliation and huge investment in property, plant and equipment.
Mr Seth…
A 32-member revenue mobilization tasked force constituted by the Internal Revenue Service (IRS) to collect taxes from defaulters was on Monday inaugurated in Accra.
The task force, which would be replicated in other regions, is manda…
Tomato farmers at Tuobodom in the Techiman municipality have appealed to the Ministry of Food and Agriculture to intervene and save them from cheating middlemen and women.
Mr Baffour Afrifa, Chairman of Tuobodom Tomato Farmers Associ…
The Accra Regional Chamber of Commerce and Industry, appealed to government to strictly enforce the regulations that prevent foreigners from petty trading as those market areas were previously reserved solely for Ghanaians.
Members…
Ghana and the Federal Republic of Germany on Friday pledged to strengthen and deepen their economic
co-operation.
This followed separate bilateral talks held between President John Agyekum Kufuor and German Foreign Minister, Dr …
The management of Bank of Ghana (BOG) has begun destroying the current cedi notes that come into its vaults.
The measure is to create space at the bank's vaults for the new Ghana cedis, which would be in circulation from July 1, thi…
Mr. Kwame Pianim, an Economist on Friday stressed the need for a national strategic framework that would ensure adequate and reliable energy to power the nation's new thrust for accelerated development.
"The recurrent cycle of load…
Ghanaian business leaders have met in Accra to consider how the National African Peer Review Mechanism (APRM) Programme of Action under the good corporate governance theme is being monitored.
The objectives of the meeting held at th…
Mr James Agbedor, Secretary to the Board of Directors of Agriculture Development Bank (ADB) on Friday, assured its customers that the bank was updating its software for compliance with the re-denomination of the cedi in anticipation of a …
Vice President Alhaji Aliu Mahama expressed concern about the inability of the country's local government entities to have direct access to long-term credit markets.
He therefore suggested the need for considerable efforts to develop…
The Tamale branch of the Ladies Association of the Bank of Ghana has embarked on an educational drive on the re-denomination exercise of the cedi in the Central and Aboabo Markets in the Metropolis.
Ms. Lucy Nsiah-Asare, President o…
The security agencies have identified a syndicate trying to print counterfeit of the new currencies that come into circulation on July 1, Mr Francis Poku, Minister of National Security, disclosed on Wednesday.
"We are monitoring the…
China has discovered a large gold deposit of over 27 tonnes in Xinshao County in central China's Hunan Province, local officials said.
The gold deposit discovered would likely to exceed 27 tonnes, a spokesman for the team of prospectors…
India's largest automobile company TATA Motors launched a new model in its Indigo XL range, which comes with a longer wheel base.
The new Indigo XL Classic is available in petrol and diesel variants and is priced at Rs.535,000 and …
Iraq has invited Indian companies to build a 8-10 million tonne refinery as the war-ravaged country rebuilds its energy sector.
"We had a very good meeting with Iraqi Oil Minister, Hussain Al-Shahristani Wednesday in Riyadh and he i…
As leaders from the European Union (EU) and the United States meet in Washington next Monday
for their annual summit, transatlantic economic integration will top their agenda.
German Chancellor Angela Merkel, whose country is holdin…
Mr Joe Donkor Issachar, Head of the Ghana Civil Service, stressed the need for personnel in the Civil Service to constantly upgrade themselves to meet the challenges of the future.
"It is not the Civil Service per say that is bad bu…
U.S. industrial production rose one per cent in February, after the previous month's 0.3 per cent decrease, the U.S. Federal Reserve reported.
February's production increase was the most since November, the Fed said.
Manufactu…
The following are the average inter-bank exchange rates of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers on Thursday, February 15, 2007.
Currency …
The Ghana Tourist Board (GTB) is to embark on a Customer Care Service Training Programmes for operators in the hospitality industry throughout the country.
This would enable the hospitality industry to be prepared for the 50th Annive…
The following are the average inter-bank exchange rates of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers on Thursday, February 1, 2007.
Currency …
Mr Emmanuel Tenkorang, a researcher at the University of Cape Coast (UCC), tasked metropolitan, municipal and district assemblies (MMDAs) to endeavour to be innovative and explore more ways of enhancing their internally generated revenue.…
A total of 761 unemployed young people have registered with the government's Youth Employment Programme in the Ejura-Sekyedumase district of Ashanti.
Dr Joshua Ayarkwa, the District Chief Executive, told the GNA in an interview at E…
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