The Royal Jordanian(RJ) airline has been selected to be the official carrier for next year's World Economic Forum (WEF) on the Middle East, local daily The Jordan Times reported on Sunday.
RJ President and CEO Samer Majali signed the…
Central Regional Chapter of Association of Rural Banks has expressed concern about the restriction on payment of dividend to shareholders unless the rural banks had mobilised 150,000 Ghana cedis as its capital before commencing business.
…
The Union Rural Bank, with its headquarters at Awutu Senya in the Central Region, has launched a mobile banking service aimed at mobilising savings at the door steps of clients to increase deposits.
The service, which is being run on …
The Nkwanta North District Assembly (NNDA) is to sign a GH¢2.5 million credit agreement with the Home Finance Company (HFC) Bank Limited to speed up the construction of staff bungalows in its new district.
The Ministry of Local Governmen…
British authorities are investigating alleged scams in which thousands had been lured into buying overpriced properties in the hope of reaping bounty rentals, a newspaper reported Sunday.
The buyers are feared to have been cheated an…
Jordan's Prime Minister Nader Dahabi said Jordan has so far seen less and positive fallout from the global financial crisis, local daily The Jordan Times reported on Sunday.
Jordan is not affected by the global financial crisis to th…
Major Daniel S. Ablorh Quarcoo (Rtd), Commissioner of the Internal Revenue Service (IRS), on Saturday announced that IRS had developed a computerised automated database and management information systems for revenue improvement.
He s…
The New Juaben Municipal Teachers Savings Association has, as at June 30 this year, invested a total amount of GH¢ 338,305.64 in 12 companies listed on the Ghana Stock Exchange.
The companies included Aluworks Ghana Limited, Benso Oi…
Members of Sunbawiera Sheanuts Producers Association at Kperisi, a farming community in Wa Municipality have called on management of Ghana Cocoa Board (COCOBOD) to speed up regulation of the industry to bring sanity into it.
"Sheanu…
The New Patriotic Party government has the vision to develop the Techiman Central Market into an ultra-modern market to befit its status as the leading agricultural market in West Africa.
Prof. Christopher Ameyaw-Ekumfi, Minister of …
Mr Duke Osam-Duodu, the Deputy Managing Director of the ARB Apex Bank, has asked
shareholders of rural and community banks to choose competent persons as Board of Directors to enhance the quality of services being provided by the banks.
…
U.S. President-elect Barack Obama on Thursday unveiled a new team of financial regulators under his incoming administration.
He named Mary Schapiro, CEO of the Financial Industry Regulatory Authority as head of Securities and Exchang…
Indonesia will host the World Islamic Economic Conference (WIEF) in Jakarta from March 1 to March 4, 2009, said the chief organizer here quoted by the national Antara News Agency Friday.
Irman Gusman, chairman of the WIEF Steering Co…
The Ministry of Fisheries on Thursday made it clear that before it was established in January 2005, Pair Trawling was already in operation in the country.
A statement issued by the Ministry and signed by its Chief Director, Mr Emmanue…
The non-payment of loans coupled with the high delinquency rate among residents in the Western Region could lead to the collapse of their credit unions.
Mr Thomas K. Mensah, Board Chairman of the Ghana Education Service Regional Offi…
Ajumako-Enyan-Essiam District Assembly realised 27,545 Ghana cedis in revenue by the end of September this year, as against 17,000 Ghana cedis within the same period last year.
Mr Kenneth Obempong, Ajumako-Enyan-Essiam District Chief…
Cotton farmers in the three Northern regions have appealed to the two Presidential Candidates in the December 28 run-off to come out with their individual programmes to revamp the cotton industry.
Mr. Patrick Adintinga Apullah, Natio…
Rural low-turnover traders in the Volta Region are to be provided with credit facilities and business management skills to enable them increase their incomes.
The move is to be implemented by the Volta Regional Directorate of the Dep…
After a ministerial meeting, OPEC announced on Wednesday that it will slash its official oil output quota by 2.2 million barrels per day (bpd) from Jan. 1 next year.
In light of observing "crude volumes entering the market remain wel…
The Savanna Seed Services Company (SASSEC) a farmer-based NGO in the Northern Region on Tuesday, held a training session for some farmers in the region to improve their farming techniques.
The aim of the training was to encourage the…
The Deputy Managing Director of the ARB APEX Bank Limited, Mr Duke Osam Duodu, has called on Rural Banks to put in place effective internal control mechanisms to minimize the incidence of risks as they expand their scope of operations.
…
OPEC is to hold its 151st extraordinary ministerial meeting on Wednesday in the northwestern Algerian city of Oran, for an expected further oil output cut to bolster tumbling oil prices amid the global economic downturn.
As an oil ca…
German Chancellor Angela Merkel is going to negotiate with 30 largest German companies next month to ease the pressure of job-cut in 2009, her spokesman on Monday said.
Ulrich Wilhelm said Merkel will have a meeting with the chief e…
Governments need to take additional coordinated action to revive world financial markets and get credit flowing again, the chief of the International Monetary Fund (IMF) has said, warning that the global economic outlook is continuing to d…
The Asian Monetary Fund (AMF) may become a reality at the next ASEAN summit in February next year, a local newspaper reported on Wednesday.
A decision would be made when the Association of Southeast Asian Nations (ASEAN) meets at the…
Some branches of the Ghana Private Road Transport Union (GPRTU) operating in the Upper West Region on Monday started complying with the directive by the Union to reduce lorry fares by ten per cent.
The GPRTU issued this directive in r…
The Management of Prudential Bank Limited (PBL) says its attention has been drawn to a list of names of New Patriotic Party (NPP) ministers and officials who are alleged to have accounts with the Bank with astronomical balances thereon.
…
Officials from Jordan and Egypt on Sunday called for moves to boost bilateral trade and investment as they gathered in Amman to prepare for the incoming meetings of the Joint Jordanian Egyptian Higher Committee.
Muntaser Oqlah, Secre…
Syria and the European Union initialled on Sunday an updated version of a partnership agreement, four years after a first deal in Brussels which the EU member states refused to sign for political reasons.
Tayssir Raddaui, Chairman of…
Ghana is seeking to extend her coastal line in order to explore opportunities for more oil resources and other economic gains.
About eight billion barrels of oil, according to the International Sea Bed Authority Report in 2000, could…
Ever since the Bank of Ghana( BoG) set up the Ghana Inter-bank Payment and Settlement System Ltd (GHIPSS), the question has been asked several times over whether it was healthy to encourage the Bank of Ghana to become an active player in t…
The Government on Monday dismissed alleged non-payment of salaries to some section of public servants, saying the move was calculated to tarnish its image.
Speaking at a media briefing in Accra, Dr Anthony Akoto Osei, Minister of State…
Israeli Defense Minister Ehud Barak is pondering a plan to compensate Palestinian victims for their loss caused by rampaging Jewish settlers in the West Bank city of Hebron, local news service Ynet reported on Sunday.
Barak was quote…
The national electronic payment system, the e-zwich, has moved to another phase with a roll out of its services to cover rural banks, Ghana Interbank Payment and Settlement Systems, (GhIPSS) has said in Accra on Saturday.
Since the …
The European Union (EU) expressed regret late Friday at lack of progress in the Doha Round of global trade talks after WTO Chief Pascal Lamy decided not to convene a ministerial meeting by the end of the year.
"We have come tantalizi…
Dr.Gero Friedl, Senior Adviser on Good Governance of the German Technical Cooperation (GTZ) on Friday called for joint efforts that would strengthen the use of a single country system in fighting corruption in Ghana's procurement sector.
…
Leaders of China, Japan and South Korea Saturday signed a Joint Statement for Tripartite Partnership after a tripartite meeting.
In the statement, Chinese Premier Wen Jiabao, Japanese Prime Minister Taro Aso and South Korean Preside…
France has invited finance ministers from the European Union to attend a meeting in Paris on Dec. 18 focusing on global financial issues, an official of French Economy Ministry said on Friday.
"We are in the process of setting it up,…
Bangladesh's Central Bank said on Saturday overall balance of payments (BoP) remained in a healthy position in the first quarter of the current fiscal despite the gloomy global financial situation mainly due to higher surplus in the countr…
Barclays Bank Ghana says it will remain committed to meeting customer expectations through the offer of excellent banking services and products.
Mr Benjamin Dabrah, Managing Director of Barclays Bank, said having been successful in o…
The Third World Network (TWN), an advocacy group, on Thursday called on Parliament to delay the process of passing into law the Aluminium Authority and Integrated Aluminium Industry Bill in order to ensure full public participation in the …
Leaders of the European Union (EU) will approve a 200-billion-euro (some 260-billion-U.S. dollar) economic recovery plan in a bid to steer the EU economy from a deep recession, according to a draft text of conclusions of the two-day EU sum…
The Volta River Authority has said national gas has been released from Nigeria into West Africa Gas Pipeline (WAGP).
It said as at Saturday December 6, the offshore line was successfully filled with natural gas all the way to Takorad…
Russia is ready to coordinate its oil price policy with the Organization of Petroleum Exporting Countries (OPEC) in a bid to stem the plunge in crude prices, President Dmitry Medvedev said Thursday.
"Our partners and colleagues from …
The continuous fall in the inflation rate since July suffered a reverse, as the rate inched up by 0.14 percentage points over that of October, the Ghana Statistical Service said on Friday.
The annual rate of inflation for November w…
Turkey aims to become the number one marble exporter in the world with a target of 2.5 billion U.S. dollars export by the year 2010, the semi-official Anatolia news agency reported Thursday.
Turkish State Minister for Foreign Trade K…
The enduring financial crisis spreading in the European Union (EU) is expected to be high on the agenda of the 27-member bloc's winter summit, which opens on Thursday in Brussels.
The following is a chronology of major events in th…
The Zambia government said it will achieve the seven percent economic growth rate projected for this year despite the global financial turbulence, Zambia Daily Mail reported on Thursday.
Minister of Commerce, Trade and Industry, Fe…
Crude oil rose more than 3 percent Wednesday as the progress in U.S. auto bailout plan and speculation of severe OPEC output cut offset a larger-than- expected increase in U.S. gasoline inventory.
Light, sweet crude for January deliv…
The coming 2009 will be a difficult year for developing Asia and the strong growth momentum in domestic demand is key to keep the regional economy in good shape amid a weakening external environment, the Asian Development Bank (ADB) said o…
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