Leaders from the world's major developed and emerging economies agreed here on Saturday to undertake immediate moves to stabilize financial markets and support economic growth.
Against the background of deteriorating economic conditi…
The ARB Apex Bank, the umbrella body of rural and community banks is to withdraw its bullion van services to the banks in order assist them to acquire their own means of such services.
The Apex Bank has therefore entered into an arran…
The Abokobi Area Rural bank Limited, one of the earliest established rural banks in Ghana, made 160 per cent in 2007 which enabled it to transfer GH¢95,000 to meet its minimum capital requirement.
The bank posted profit before tax of …
Economic activity is projected to fall by 0.9 per cent in the United States next year as Organisation for Economic Cooperation and Development (OECD) countries enter a protracted slowdown, according to latest projections.
That of …
Zain Ghana, a telecom company, on Thursday extended their sincere apologies to the Chiefs and people of Osu for wrongfully erecting a mast inside the Osu Royal Mausoleum.
A statement from Zain Telecom Towers noted that the company de…
Lady Julia Osei Tutu, wife of Asantehene, Otumfuo Osei Tutu, II on Thursday, inaugurated the 750,000 Ghana cedis new head office complex of Sinapi Aba Trust, christened "Gale House" in Kumasi.
The complex funded through internally gen…
Mr Kwabena Okyere Darko-Mensah, New Patriotic Party (NPP), Parliamentary Candidate for Takoradi Constituency has observed that the country's development depended on meaningful contribution of the individual especially the youth.
He n…
Mr David Venn, the new Chief Executive Officer of Ghana Telecom/Vodafone said on Thursday that Vodafone is in the country to change the telecom market.
He made the statement at his first meeting with journalists to introduce himself …
Mr Seth Abloso, acting Head, Organization Department of the Ghana Trades Union Congress (GTUC) has said that, Ghana would lose its sovereignty and perpetually remain under-developed by signing to the Economic Partnership Agreement (EPA).
…
Mr Ignatius Baffour 0wuah, Brong-Ahafo Regional Minister, has lauded the achievements of the government's Millennium Development Goals (MDG's) within its eight year term in office.
He noted that it was part of the government's strate…
The Chief Director, Ministry of Finance and Economic Planning, (MoFEP) Nana Juaben Siriboe on Friday stressed the need for an improved governance structure in microfinance administration in the country.
Speaking at the Second Annua…
President John Agyekum Kufuor on Friday performed the ceremony to signal official commencement of construction works on a 16.5 million-dollar ultra-modern Fishing Harbour and landing site at James Town in Accra.
This comes with an …
The annual inflation rate fell to 17.30 per cent in October down from 17.89 percent a month earlier, Dr Grace Bediako, Government Statistician said on Friday.
This is the fourth consecutive monthly drop since inflation went up to a hi…
The World Bank on Friday presented a total of 35,000 dollars to 10 Civil Society Organisations (CSOs) to undertake social and economic projects aimed at complementing its assistance operations.
Majority of the beneficiaries, this yea…
Members of Greater-Accra Regional Chamber of Commerce and Industry (ARCCI), on Monday appealed to management of UT Financial Service to reduce its interest rates to enable them access loans from the company.
Mr Douglas Akuamoah-Boate…
The World Bank Group on Wednesday said it would substantially increase financial support for developing countries, including the launch or expansion of four facilities for the crisis-hit private sector that was critical to employment, reco…
Mr Emmanuel Nyarko, Volta Regional Director of the National Board for Small Scale Industries (NBSSI), on Wednesday called on government to grant tax holidays to newly established enterprises especially those owned by young people.
Th…
Carpenters attending a workshop on capacity building, have called on the Forestry Commission (FC) to enforce the law that compel saw millers to sell 20 percent of lumber produced locally.
They said the non-compliance of the law by saw mi…
The GSE All-Share Index, the main measure of performance of the Exchange, was unchanged for the second trading session this week as investors continue to shy away from the market
The index ended at 10,608.04 points, the same as on Tu…
A lecturer at the University of Ghana, Legon, has called for effective education on pre-credit and post-credit activities for women in the rural areas to enable them to understand how the financial market operates.
Dr. Irene Egyir of…
The upcoming 16th leaders' meeting of the Asia-Pacific Economic Cooperation forum (APEC) will serve as a stage for boosting free trade in the region, Peruvian Vice President Luis Giampietri told Xinhua on Wednesday.
"Globalization is…
The Brong-Ahafo Regional Forest Forum of the Forest Service Division will embark on tree planting exercises throughout the region to promote forest resources.
The project would be undertaken in partnership with the National Youth Emp…
Mr. Ralph Osei Ameyaw, Executive Secretary, Council for Indigenous Businesses Association (CIBA), on Tuesday told workers in the informal sector that one of the surest ways of securing loans from the financial institutions to revamp their …
The Institute of Economic Affairs (IEA) on Tuesday stated that real Gross Domestic Product (GDP) for 2007 fiscal year dropped to 6.2 per cent from the 6.4 per cent recorded in 2006.
"The 6.2 per cent economic growth rate recorded for…
As part of its restructuring programme, the Ghana Investment Promotion Centre (GIPC) is recruiting skilled and dedicated Ghanaians to fill key positions in its bid to attract private, domestic and foreign investments to transform Ghana int…
The Andean Community of Nations (CAN) has decided to suspend negotiations on a trade agreement with the European Union (EU), said reports reaching here from Brussels on Monday.
CAN requested to postpone talks with the EU scheduled fo…
The Agona Swedru branch of the Barclays Bank last Saturday, presented baby mattresses and other items to the Agona Swedru Government Hospital worth GH¢1,200.
The items include gallons of paint, brooms, boxes of biscuits, brushes for …
Crude futures closed higher Monday amid concerns about the mounting global financial crisis.
Oil prices opened higher in the morning after China announced new economic stimulus plan aimed to boost domestic demand. U.S. crude rose as …
A programme dubbed: "National Services Export Strategy,"was launched on Tuesday with the aim of exporting consultancy services, medical tourism, travel and leisure, education and other non-tangible and invisible services provided by Ghanai…
A total of 230 hectares of Sunflower farms for the production of Bio-diesel had matured and ready for harvesting.
The farms, established at Tumu, Walewale, Mpaha and Damongo in the northern part of the country, and Agona Asafo near A…
Favouring a "new Bretton Woods Agreement", International Meeting (I.M.F.) chief Dominque Strauss-Kahn has said an early warning system to detect impending dangers to the world economy must be put together by international financial experti…
The Suame Magazine Industrial Development Organisation (SMIDO) has established an auto diagnostic centre at the Suame magazine.
The centre, which would be inaugurated by the first week of December, is expected to enrol ten students t…
The United States Government on Friday inaugurated a 9,500-dollar bead-making factory for Manya Krobo Queen Mothers Association to generate income to cater for People Living With HIV/AIDS (PLWA), orphans and the vulnerable in society.
…
Parliament on Friday ratified the sale and purchase agreement of 70 per cent of issued and fully paid up shares of the Volta Aluminium Company Limited (VALCO), without any objection from the Minority
side which last week raised concerns …
Gemni Life Insurance Company (GLICO) on Thursday extended two of its micro insurance products to traders at the Adabraka Market in Accra with a call on them to save during their trading activities in order to fortify their future.
The pr…
The Youth Forum of the National Democratic Congress (NDC), on Thursday pointed out that it was a matter of great hypocrisy for the government "to refuse to adequately reduce fuel prices."
This, the Forum said, had prevented Ghanaian…
The General Agricultural Workers Union (GAWU) of Ghana Trades Union Congress (GTUC) has integrated rice farmers from the informal sector into their fold to boost rice production, improve their livelihood and contribute meaningfully towards…
Management of Ghana Statistical Service (GSS) has offered to collaborate with authorities of tertiary institutions in the country to develop modules for training students in "Official Statistics'.
Dr Grace Bediako, Government Statist…
Management of Ghana Cocoa Board (COCOBOD) has initiated farmers' rallies and radio education programmes to combat exploitative labour practices in the cocoa sector.
Mr Paul Ntim, Economist and Senior Research Officer, Research Depart…
The GSE All-Share Index, the main measure of performance of the Exchange, ended flat on Wednesday closing at 10,733.09 points.
The change year to date remained at 62.63 per cent and there was no price change.
Traded volumes in…
Ghana Investors' Advisory Council (GIAC) has hailed the establishment and operationalisation of the international financial services centre, by the government, as key to the achievement of national developmental goals.
The coun…
President John Agyekum Kufuor on Tuesday unveiled a plaque to inaugurate a 100-million-dollar cocoa processing factory at Tema with a call on cocoa farmers to increase their production.
Management of Cargill Ghana Limited Cocoa Proce…
The government and the Saudi Fund for Development on Wednesday signed a 14 million-dollar loan agreement to assist in rehabilitating and expanding of the Bolgatanga Regional Hospital.
The project to be completed in 2012 involves the …
The Foundation for Female Photojournalists, a non-profit organization involved in advocacy to provide accessible development information to women groups, has started a programme aimed at improving efficiency of Assembly members.
The …
The GSE All-Share Index, the main measure of performance of the Exchange, fell in trading on Monday by 28.68 points under pressure from four equities to close 10,752.34 points.
The change year to date now stands at 62.92 per cent.
…
Mr. Christian Tetteh Sottie, Accountant General, on Monday, assured workers in the Public Sector, who were underpaid in October due to payroll anomalies, that the irregularities would be reversed on Friday November 7.
The anomaly tha…
Gold Fields Ltd on Monday announced the appointment
of Mr Peter Turner as the new Vice President and Head of its West African operations.
He replaces Mr Johan Botha who will be retiring at the end of this year after six years of d…
Economists and bankers have warned that the Nepali economy could soon feel the heat of global financial crisis and the country could mainly suffer in such areas as foreign investment, overseas employment, debt servicing and tourism if the …
The GSE All-Share Index, the main measure of performance of the Exchange, dipped by 7.27 points to close 10,781.02 points.
The change year to date now stands at 63.35 per cent.
On the broader market Ghana Commercial Bank (GCB…
The initial public offer of UT Financial Services, a non-bank finance institution, to raise GH¢27 million has been successful, lead managers, Databank Financial Services Limited said on Friday.
The company raised GH¢27.5 million, rep…
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