The continuous fall in global oil prices could spell doom for Nigeria's economy, said Governor Godswill Akpabio of Akwa Ibom State of southeast Nigeria.
The Governor from the oil producing Niger Delta region made the remark on Sunday…
The assets of a majority of the Netherlands' large pension funds have fallen well below the legal minimum cover ratio of 105 per cent in recent weeks due to the financial crisis, Dutch media reported on Monday.
According to the Dutch…
The Dutch economy is set to sink into recession next year, for the first time since the early 1980s, the Government's Economic Policy think-tank Netherlands Bureau for Economic Policy Analysis (CPB) said on Monday.
The organization f…
Cuban Leader Raul Castro on Monday called for solidarity between Latin America and the Caribbean to efficiently handle the coming "disaster" brought by the international financial crisis.
Castro said during the beginning of the third…
It remained uncertain whether a deal on the Doha Round of global trade talks could be reached by the year end, the European Union (EU)'s French presidency said on Monday, citing the U.S. stance as an obstacle.
"The reality is that th…
Los Angeles, the U.S. second largest metropolis, is trying to get millions of dollars for local infrastructure improvements from President-elect Barack Obama's 1-trillion-dollar stimulus package, city officials said on Monday.
Los An…
The upcoming holiday season will be Brazil's best because the economy is growing and the government is taking care of the financial crisis, President Luiz Inacio Lula da Silva said Monday.
Lula made the statement during a year-end lu…
The European Union (EU) is planning to invest massively in the Niger Delta of Nigeria in 2009, acting head of delegation to Nigeria Denis Thieulin was quoted on Tuesday by the Tribune newspaper as saying.
Thieulin failed to mention t…
Unique Trust (UT) Financial Services, a non-bank institution, has announced plans to introduce new products in insurance and real estates development.
Mr Budu Coomson, Chief Operations Officer of UT announced at a cocktail held in Kumasi…
The Export Development Investment Fund (EDIF), has released 2.8 million Ghana cedis, to the Bawjiase-based Ayensu Starch Factory in the Central Region, to revamp the operations of the industrial unit that was halted in March 2006.
ED…
Ghana Cocoa Board has held a durbar for cocoa farmers in Dormaa area as part of efforts to stamp out child labour in cocoa growing areas of the country.
The durbar was aimed at disseminating to the farmers the findings of a research…
Customs, Excise and Preventive Service (CEPS) in Brong-Ahafo, on Wednesday destroyed 2,192 cartons of assorted smuggled cigarettes in the country with a street value of GH¢7,233.6.
Also destroyed were quantities of unwholesome pharma…
Lack of a comprehensive national corporate governance code is affecting delivery in both the public and private sectors, Mrs Marian Barnor, the Managing Consultant of MRB Consult said on Wednesday.
Speaking at a validation workshop of t…
President John Agyekum Kufuor on Wednesday inaugurated the Sokaban Wood Village Complex, an ultra-modern enclave built for carpenters and wood sellers at Anloga and other parts of Kumasi.
It involved the construction of sheds, access roa…
A sheanut processing factory estimated at 88,000 Ghana cedis has commenced operation at Kuga in the Yendi Municipality of the Northern Region.
The factory comprises of administration block, shea butter storage facility; kitchen for p…
Association of Women Entrepreneurs in Upper East Region (ASWEUR) was inaugurated in Bolgatanga on Wednesday to empower and assist members to improve on their businesses.
It was initiated by management of Trade Aid Integrated (TAI), a…
Government has released 2.25 million dollars to enable the official liquidator of Ghana Airways to pay former employees of the airline the final instalment of their severance claims.
This brings total government spending to 7.8 milli…
Phase two of Bui Hydro Project to add 400 megawatts of electrical power to the country's generation mix has commenced.
The Black Volta River was on Tuesday blocked to pave way for actual construction of the main dam and other structu…
Finance ministers from 27 European Union members agreed here on Tuesday to support a stimulus plan in general though they remained divided concerning certain details.
Eurogroup Chairman and Luxembourg Finance Minister Jean-Claude Ju…
Ghana's middle income status could only be attained if the manufacturing sector's contribution begin to increase, Dr Abu Forster Sakara, running mate for the Convention People's Party (CPP)has said.
Speaking at the vice presidential …
Mr Eric Osei-Bonsu, Managing Director of the ARB Apex Bank Limited, on Saturday asked Rural and Community banks to consider co-operative mergers to enable them to withstand the intense competition in the banking industry which threatens th…
The King Abdul Aziz Aiprort in Jeddah, Kingdom of Saudi Arabia, would be able to receive about 30 million passengers annually, after the completion of the first phase of development projects.
"The new project would create a port with…
The Bawku East Small-Scale Farmers (BESSFA) Rural Bank bagged about GH¢103, 800 last fiscal year, representing a whooping 83.5 per cent increase compared to 2006.
Mr Solomon Atigah, Board Chairman of the Bank said the huge progress w…
A sheanut processing project, estimated at 88,000 Ghana cedis has been commissioned at Kuga a suburb of Yendi in the Yendi Municipality of the Northern Region.
It comprises administration block, shea butter storage facility, kitchen…
District Chief Executive (DCE) for the Talensi-Nadam, commended Government and the World Bank for the kind gesture and indicated that it would help alleviate the plight of the people.
He explained that the NPP Government does not dis…
The Japanese Government has expressed its determination to support the improvement of the economic situation of farmers and other small business operators in areas affected by flood in the three northern regions.
Mr. Yutaka Nakamura,…
Presidential candidates have been urged to focus their campaigns on how Ghana could be a force to reckon with in the world trade market they could bridge the gap on the world trade injustice between developed and developing in order to bri…
A looming drop in world trade could "set developing countries back for many years" and erase recent gains in development, Mr. Danny Leipziger, Vice President of the Poverty Reduction and Economic Management Network at the World Bank (WB), …
The Livelihood Empowerment Programme Against Poverty (LEAP) introduced by the Government and implemented by the Department of Social Welfare (DSW) in the Upper East Region is making great impact on the lives of the people.
The LEAP p…
The Volta River Authority (VRA) on Friday said the careful combination of power from the Akosombo Generating Station, the Kpong Station and the Takoradi Thermal Plant showed that adequate power would be provided to meet the electricity dem…
The Ghana Stock Exchange has asked investors not to panic because all records of transactions on the bourse are intact.
"I wish to state that no records were lost and therefore investors are assured that our database is safe. The dat…
Ghana and France on Wednesday signed an agreement for five million euros to support Ghana's natural resources sector.
The deal signed under the Natural Resource and Environmental Governance (NREG) programme will cover forestry and wi…
A day's stakeholders' seminar on Urban Management Land Information System (UMLIS), which sought to develop a tool and strategies to contribute more efficiently in collection of municipal fees and effective urban management was held on Wedn…
Nigeria on Wednesday threatened that it would stop further cuts in its crude oil production if other member countries of the OPEC cartel failed to obey its earlier directives to do so.
The OPEC had ordered the cut to save crude oil f…
British Prime Minister Gordon Brown said on Wednesday that Britain would host next G20 financial summit in 2009.
Speaking at Prime Minister's Questions in the House of Commons, Brown said: "I can tell the House today that we've agre…
Crude oil rebounded to above 54 U. S. dollars a barrel Wednesday as a rate cut by China and speculation of a production cut by Russia outweighed the larger- than-expected buildup in U.S. crude supplies.
Light, sweet crude for Januar…
Zain Ghana on Thursday launched a drive to pre-register numbers for new subscribers on its network.
The launch targeted media personnel, who got their current phone numbers on other networks minus the network code, registered with th…
The Japanese Government has made available a two million US dollars grant to the Government of Ghana, to be disbursed in the form of loans, to be people in the three Northern Regions who were affected by the 2007 floods that hit the area.
…
Ghana and the European Union on Thursday signed a 1.4 million-Euro agreement for feasibility studies on the Western Railway Corridor.
The project being carried out under the Mining Sector Support Programme (MSSP) is to enable governm…
The Ghana Stock Exchange says trading is expected to revert to its offices at Cedi House on Monday December 1.
In a statement, the Exchange said trading for Thursday and Friday would continue to be done at the Auditorium of the Ghana…
UT Financial Services, a non-bank finance institution, on Tuesday listed its shares on the Ghana Stock Exchange becoming the 35th company on the official list of the bourse.
The company on September 22 launched an Initial Public Offe…
The Ghana Stock Exchange says it will adopt a three-prong approach in encouraging shareholders to deposit their share certificates into the GSE Securities Depository (GSD).
The transfer of listed securities into the national deposito…
Members of the Ho branch of the Public Services Workers Union (PSWU) of the Ghana Trade Union Congress (GTUC), on Tuesday expressed misgivings about alleged over deductions of Union dues by the Controller and Accountant General's Departmen…
Traders have been asked to desist from insulting customers during business transactions and adopt excellent customer relations to maintain them.
Mr David Kwabla Dorkenoo, Principal, Ghana Labour College, noted that customers who are…
The Third World Network (TWN) on Tuesday painted a bleak future for women traders in the African Caribbean and Pacific (ACP) countries trading bloc should the Economic Partnership Agreements (EPA) be signed.
At a workshop organised b…
The second common currency for the Economic Community of the West African States (ECOWAS) would take off by December 1, 2009, Governor of the Central Bank of Nigeria (CBN) and Chairman of West African Monetary Agency (WAMA), Chukwuma Solud…
With the economy in crisis, U.S. President-elect Barack Obama Monday unveiled his economic team pick to shore up financial markets and tackle the worst financial crisis since the Great Depression in 1930s.
Timothy Geithner, the head …
U.S. President George W. Bush said Monday that the first step to economic recovery is to safeguard the nation's financial system, defending his administration's decision to rescue Citigroup.
The decision to rescue Citigroup is necess…
South Korea will host a farm machinery exhibition that is expected to help bolster exports and facilitate development efforts by local manufacturers, the government said Monday.
The Seoul International Exhibition of Machinery, Science …
Mr Samuel Newton-Addo, Project Manager of the Ghana Co-operatives Council has expressed his concern about the delay in the approval of the council's new bill drafted two years ago.
He stated that the bill was a re-enactment of the co…
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