The Minister of Trade, Industry, Private Sector Development and President's Special Initiative, Papa Owusu Ankomah on Saturday inaugurated a plastic recycling factory building at Aburansa in the Komenda-Edina-Eguafo-Abrem municipality.
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The Twifo-Hemang-Lower-Denkyira district assembly mobilized a total revenue of GH¢186.00 for the third quarter of the year 2008, representing 65 percent of the targeted revenue of GH¢284,601.60.
Mr Samuel Agyeibie-Kessie, District Chief…
The GSE All-Share Index, the main measure of performance of the Exchange, fell for the second consecutive trading session on Friday as investor pessimism dominate activities.
The index dropped 5.62 points to close down at 10,563.54 p…
The Kwaebibirem Rural Bank at Asuom in the Eastern Region, last year made a profit of 119,865 Ghana Cedis as against 109,013 Ghana cedis the previous year, accounting for 10.99 per cent increase.
The bank's investment increased by 44…
Japan Motors Trading Company Limited (JMTCL), on Saturday held a test drive day for its customers in Accra.
The event that which was recently launched, has been instituted to enable customers to drive and have a feel of the two new Ni…
Reverend Dr. Mensa Anamua Otabil, General Overseer and Head Pastor of International Central Gospel Church, has urged multi-national telecommunication operators in Ghana to be work ethically and provide good services to customers.
In a …
Ghana cedi's depreciations to the Dollar and the Euro on Friday was enough to push up the Gold Coast Securities (GCS)-Cedi Index by 0.02 points despite gaining to the pound and the CFA.
The Index, the composite measure of the value o…
Total net assets of Anidaso Mutual Fund grew from GH¢179,566 in 2006 to GH¢297,254 in 2007, representing 65.5 per cent increase.
The Fund's share price on the Ghana Stock Exchange (GSE) also appreciated by 32.7 percent in 2007 as against…
Alhaji Mustapha Ali Idris, Northern Regional Minister, has reiterated government's committed to collaborate with development partners to eliminate extreme poverty and hunger in the country.
He has therefore called on local partners i…
Ghana cedi on Thursday continued fall to the dollar but appreciated marginally to the pound and the euro pushing down the Gold Coast Securities (GCS)-Cedi Index by 0.08 points.
The Index, the composite measure of the value of the Gha…
Three financial institutions have signed a tripartite agreement to help develop the informal sector by providing people with credit facilities in addition to helping informal sector workers to be part of a social security scheme.
The…
Mrs. Leticia Osafo-Addo, AGI Vice President
in- Charge of Small Scale Industries, on Thursday stressed the need for
the encouragement of large scale farming to ensure sustainable supply of
raw materials for industrial growth and deve…
A 10-member team would leave the country on November 22 to represent Ghana in the Second International Generation for Peace Camp in Amman, Jordan.
The programme sponsored by the United Nations Development Programme together with Edik…
The Information Services Department (ISD) has
created a webpage on Election 2008 on the on the government of Ghana website (Ghana portal) www.ghana.gov.gh.
A statement issued in Accra by ISD on Wednesday said the election page had i…
Nana Otubour Djan Kwesi, the Chief of Aburi on Thursday, reiterated the need for government to set-up handicraft centres in the regional capitals to boost the local economy.
He said a chunk of the nation's human resources had been gi…
Amid what are widely considered the most difficult economic circumstances since the creation of APEC, APEC ministers gathered here on Wednesday and Thursday to discuss the global financial crisis, food security, WTO trade talks and other i…
Fidelity Bank on Tuesday launched four of its new branches in Accra with the introduction of new banking products, Fidelity Agyepadee Welfare and Business products.
The branches which were all established this year were the Abossey O…
There was thunderous and spontaneous shouts of jubilation by the people of Elmina on Wednesday, when the President, John Agyekum Kufuor cut the sod for the construction of a modern fishing harbour valued at US$16 million.
The project…
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 new enterprises especially those of young people.
This would help to lay…
Mrs Rose Newman, National President of the Association of Rural Banks on Wednesday inaugurated the newly refurbished office of the Gomoa Ajumako Rural Bank at Agona Swedru.
She said the bank has disbursed a total of 200,000 Ghana Ced…
Wall Street moved higher on Tuesday after a two-day rout, as investors focused on testimonies on Capital Hill and digested upbeat earnings reports.
Hewlett-Packard, the world's biggest personal computer maker, jumped after the compa…
AngloGold Ashanti is to assist 18 families in six communities in the Obuasi Municipality to undertake piggery projects as part of the company's sustainable development initiatives.
Under the initiative, the company would ensure that …
A steady and robust economic growth of China and India is vital to help the world economy tide over the ongoing financial crisis, Bob Buckle, Chairman of Economic Committee of APEC Secretariat, said on Tuesday.
China and India have b…
France is planning to host a world summit on global economic crisis in January, the office of President Nicolas Sarkozy said on Tuesday.
The meeting would be hosted by French President Nicolas Sarkozy and Britain former Prime Ministe…
European Commission President Jose Manuel Barroso said in Strasbourg on Tuesday that European Union (EU) member states needed coordinated measures in order to prevent an economic crisis.
"We need to apply the same methods in real eco…
A Senior Chinese Official on Tuesday called for effective reforms of the international financial system to enable the world to ward off the global financial crisis, while stressing that the Chinese Government would continue to cooperate w…
European Union (EU) member states are increasingly using the possibilities offered by the recently revised EU state aid rules to better tackle the financial crisis, a report said on Tuesday.
In view of the ongoing financial crisis, t…
Israel had escaped much of the financial wobbles that stirred world markets, but the emerging market economy would not be immune in the long run, analysts said.
Israel's ability to ward off global financial ripples depends on its str…
Yahoo shares jumped nearly 10 per cent on Tuesday in the NASDAQ market, a day after co-founder of the Silicon Valley giant Jerry Yang announced that he is stepping down as Chief Executive.
Yang said on Monday that he would step down …
Mobile workers from newer European Union (EU) countries have had a positive impact on member states' economies, the European Commission said in a report on Tuesday.
"Workers from the EU-8 as well as Bulgaria and Romania have made a s…
The European Parliament on Tuesday voted to keep duty-free shopping at regional airports and at the European Union's external land borders.
This position was part of a vote on European Commission plans to update the rules on excise d…
The Bangladesh Caretaker Government has put a ban on export of all varieties of rice from the country for six months aiming to boost the supply of the staple in domestic market, a senior official said.
The Commerce Ministry Spokesman…
Wall Street opened flat on Tuesday after a two-day rout, as investors focused on testimonies on Capital Hill and wholesale prices declined sharply last month.
The US Labour Department reported on Tuesday that wholesale prices dropped…
Canadians drove their vehicles a lot less during the second three months of 2008 than they did a year earlier, likely due to the impact of soaring fuel prices at the time, according to a new report released on Tuesday.
The number of …
Mr Mawutor Goh, Ho Municipal Chief Executive, has called on banks to make collaterals for loans 'area specific' to make it possible for fledgling businesses in towns and villages to also benefit.
He said current requirements were ove…
The Ghana Investment Promotion Centre (GIPC) is making efforts to give indigenous Ghanaians a more active and rewarding role in Ghana's economy through the negative list.
The Negative List which is being developed, delineates activ…
A deal on the World Trade Organization's (WTO) Doha round trade talk is an urgent necessity to help poor countries tackle the current global economic crisis, the organization's Director General Pascal Lamy said on Wednesday.
"In the …
Japanese Prime Minister Taro Aso on Monday failed to meet the request of main opposition Democratic Party of Japan (DPJ) leader Ichiro Ozawa that the government will submit a second supplementary budget for the 2008 fiscal year during the …
German Chancellor Angela Merkel said on Monday that her government would make the decision on whether and how to help General Motors' German unit Opel through its financial problems before Christmas.
Speaking after emergency talks w…
London could be the worst hit among cities across Britain by the current recession, with almost two in five jobs at risk over the next two years, says a new report published on Monday.
The report titled 'From Recession to Recovery: T…
The Institute of Economic Affairs (IEA) on Monday said despite economic growth recorded in the past, there was deterioration in the performance in 2007, continuing the trend started in 2006.
"In spite of the achievement of growth rat…
The Minister for Fisheries, Mrs Gladys Asmah, on Saturday cut the sod for the construction of a $13 million fishing landing site at Moree, a fishing community in the Abura-Asebu Kwamankese District in the Central region.
The site exp…
Chinese President Hu Jintao and other leaders from the Group of 20 (G20) members gathered here Saturday for a summit with issues of financial markets and global economy topping the agenda.
President Hu and other leaders have been inv…
The finance ministers of China, Japan and South Korea on Friday night agreed to enhance collaboration to effectively address the ongoing global financial crisis.
In a joint message released after an informal trilateral meeting, the m…
Leaders from the world's major economies kicked off a summit here on Saturday to tackle the ongoing financial crisis and explore measures to prevent similar crisis in the future.
The summit, billed as the first in a series, is attend…
Iran's Oil Minister Gholamhossein Nozari and Turkish Energy and Natural Resources Minister Hilmi Guler met here Saturday on energy cooperation between the two countries, Iran's Energy and Oil Information Network (SHANA) reported.
Gul…
A financial summit held here on Saturday that gathered leaders from the world's 20 richest and emerging economies is also contacted by U.S. President-elect Barack Obama through his bipartisan senior advisors.
With more than two mont…
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 …
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