South Korea will push to increase international research and development (R&D) efforts in the coming years to help fuel its industrial competitiveness, the government said Tuesday.
The Ministry of Knowledge Economy said the goal is to …
Three major domestic carriers Air India, Kingfisher Airlines and Jet Airways will together require around USD 10-12 billion over the next two-three years to fund their aircraft acquisition plans, an aviation think-tank has said.
Des…
Domestic sales of the Galaxy S, the biggest bet by Samsung Electronics Co. to challenge the iconic iPhone, have surpassed 300,000 units within 19 days of its debut, SK Telecom Co. said Tuesday.
The milestone was reached at a faster pa…
Korean Air Lines Co., South Korea's top carrier, will raise its fares for international passenger flights by up to 10 percent from August to cushion rising costs and improve passengers' convenience, the transportation ministry said Tuesday…
Reduced offtake of precious metals by stockists and jewellers saw gold and silver prices slide in the Indian capital Tuesday amid a weakening trend on the global front.
Gold of 99.9 per cent and 99.5 per cent purity fell by Rs 50 ea…
Enthused by the prospects of good monsoon, India's Planning Commission Tuesday said the double digits inflation would decline by December, and sounded optimism that economic growth would exceed 8.5 per cent this fiscal.
Plan panel D…
Infosys on Tuesday posted a 2.42 per cent drop in first quarter net profit to Rs 1,488 crore on volatile currency and high staff cost, but raised full-year revenue growth forecast by three percentage points to up to 21 percent.
The …
A Victoria-based Sikh association on Tuesday received a grant of 10,000 dollars from the Australian state's Labour government as part of a programme to strengthen multi-cultural communities through inter-faith dialogue and collaboration.
…
The European Union (EU) in Ghana has disbursed about EUR 41.8 million to government through Ghana's Multi-Donor Budget Support (MDBS) framework this year.
A statement issued in Accra on Friday by the European Union Delegation to Gha…
The Alliance for Accountable Governance (AFAG), a
pressure group on Friday withdrew a law suit seeking to restrain the National Communications Authority (NCA) from engaging the services of Global Voices Group (GVG).
AFAG filed the s…
India has been ranked second, head of the US and South Korea, in terms of manufacturing competence globally, a report by Deloitte has said.
China, followed by India and South Korea has been ranked first, second and third respectivel…
Mr. Ludwig Hlodze, National Youth Organizer of the National Democratic Congress (NDC), has said that Government was committed to improving the agriculture sector to create employment for the youth.
He said that Government would esta…
Food insecurity is one of the gravest problems in Africa and globally. The food demand represents an unprecedented opportunity for Africa to become a major global food producer. To increase food production in Africa, smallholder farmers ne…
The following are the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers on Monday, July 12, 2010.
GHANA CEDI EQUIVALENT OF…
The management of Entrepreneurs Foundation of Ghana would organise Ghana Entrepreneurs Awards 2010 in Accra on Saturday, November 20.
A statement issued in Accra on Monday and signed by Mr Sam Ato Gaisie, Founder and Chief
Executiv…
The GSE All-Share Index opened the week dull when it lost a whopping 108.23 points on Monday due to losses by four equities.
The Index, which dropped from 6,522.01 points on Friday to close at 6,413.78 points, saw four price changes,…
Indian Agriculture Minister Sharad Pawar Friday said the decline in prices of most agricultural commodities in coming weeks will bring down
the food inflation, which is 12.63 per cent now.
"Prices of most agricultural commodities a…
The Ahantaman Rural Bank Limited on Saturday announced a profit after tax of GH�412,396 for 2009.
Mr Joshua Ackah, Chairman of the Board of Directors of the Bank, said this at the 22nd Annual General Meeting (AGM) of the Bank at Ag…
Thousands of people took to the streets in
Toronto and other Canadian cities Saturday to protest the Group of 20 summit arrests last month.
The demonstrators demanded an independent and public investigation of alleged overly aggressive p…
Chiefs in the three Northern Regions have called on government to establish a partnership with them to manage and protect the environment.
They said such a partnership could institute stronger laws on ranching and environmental prote…
Ghana�s oil palm sub-sector can generate substantial foreign exchange earnings if greater attention just like cocoa, was accorded to the sector, Mr Samuel Avaala, Estate Manager, Benso Oil Palm Plantation (BOPP) has said.
He said …
The Eastern Regional Minister, Mr Samuel Ofosu-Ampofo, has called on management of telecommunication companies to respect District Assembly bye laws and get the Assemblies involved when mounting telecommunication masts.
He said this…
Anglogold Ashanti Iduapriem Limited (AAIL), a mining company, has supported 240 farmers in the Adieyie area, to engage in maize and vegetable cultivation and fish farming.
The beneficiary farmers received seedlings, seeds, fertilize…
Security agencies at the Boinso border in the Western Region have been urged to intensify their operations to help minimize cocoa smuggling in the area.
The Executive Director of the Cocoa Swollen Shoot Virus Disease Control Unit (CSS…
The Tarkwa Nsuaem Municipal Assembly in collaboration with the traders at the Tarkwa Central Market, has adopted Mondays and Fridays as official market days to improve trading in the area.
Mrs. Christina Kobinah, the Municipal Chief …
The Civil and Local Government Service Staff Association of Ghana (CLOGSAG),endorses the rationale for the Single Spine Salary Scheme except for the "unfair labour practice" the Fair Wages and Salaries Commission (FWSC) has adopted in brin…
The Ashanti Regional annual arts and crafts exhibition has opened in Kumasi, with a call on artists to work hard to add value to their products to become more competitive on the international market.
Mr Samuel Francis Adjei, Regional…
Management of Access Bank (Ghana) Limited on Thursday partnered the National Secretariat of National Disaster Management Organisation (NADMO) to set up a Disaster Relief Account (DRA), to source for funding for disaster management.
M…
The was a remarkable resurgence during Friday
trading on the Accra Bourse that saw the GSE All-Share Index, the main market indicator, gaining 76.94 points to close at 6,522.01 points from Thursday�s tumble to 6,445.07 points.
The …
Ghana�s economy is benefiting from 1,113.8 million dollars approved by the World Bank to support her development efforts within
the last 12 months Mr Ishac Diwan, the Bank�s Country Director, has said.
Mr Diwan, who was addressi…
Two hundred and forty farmers who received various forms of support from Anglogold Ashanti Iduapriem Limited (AAIL) to venture into food crop production, are expected to harvest 150 metric tones of maize this year.
The beneficiary fa…
Due to India's limited dependence on external demand and strong fiscal and monetary stimulus measures, the global economic and financial
crisis had a relatively muted effect on the country, the Obama Administration told the US Congress on…
India and Ontario, Canada's richest province, signed a historic Memorandum of Understanding (MoU) on Thursday to boost cooperation and investment in the field of geology and mineral resources.
The MoU was signed between India Mines …
Mr. Samuel Yaw Kudom, Nkoranza South District Chief Farmer, at the weekend appealed to Government to put in place modalities for the purchase of maize from the district, as the crop was in abundance.
Mr. Kudom who made the appeal at …
The Youth in Agriculture programme had benefited about 56,000 youth in the Upper East Region under the Block Farming Programme.
The young men and women are cultivating maize, Soya beans, pepper, rice and onion on a farmland area of a…
Officials of Indian PSUs like BHEL and NTPC appear to be the beneficiaries of bribes that were doled out by a California-based valve company to bag lucrative contracts, mostly for tools used in the construction of power plants.
Prom…
U.S. President Barack Obama Wednesday used the appointment of the President's Export Council to pitch financial reform.
The Senate recessed for the July 4 holiday without acting on legislation to rein in the Wall Street excesses that trig…
South Korea should boost efforts to expand its presence in the world's emerging markets in order to make the next economic leap, a government
minister said Wednesday.
Knowledge Economy Minister Choi Kyung-hwan said in a policy forum …
South Korea is willing to reopen talks with the U.S. to address some outstanding issues in their free trade accord, but will not agree to revise the accord itself that was signed three years ago, a senior trade official said Wednesday.
…
South Korea and the European Union (EU) will hold a meeting next week to discuss the matter of signing their bilateral free trade agreement, Seoul's trade ministry said Wednesday.
During the two-day gathering in Brussels that starts on…
India and Malaysia Wednesday said the Comprehensive Economic Cooperation Agreement between the two countries is expected to be ready by September, in time for Indian Prime Minister Manmohan Singh's visit here in November this year.
…
The Sekondi-Takoradi branch of the Association of Small Scale Iundustries (ASSI) has threatened to embark on a demonstration to compel the Sekondi-Takoradi Metropolitan Assembly (STMA) to seek audience with members to discuss vital issues …
The Sekondi-Takoradi Metropolitan Assembly (STMA), has refused to accept business operating fees totalling GHC1,100.00, paid by the Regional branch of the Association of Small Scale Industries (ASSI).
This is because the ASSI was not …
Government on Wednesday outlined plans to establish a web based product gallery, to give extensive international exposure to indigenous Made-in Ghana goods.
The web based product gallery would serve as market, exhibition and advertis…
Pakistan has refused to allow the transit of Indian goods to Afghanistan through its territory though Afghan truckers will be permitted to use
Pakistani routes to deliver cargo to the Wagah land border, Afghan Finance Minister Hazrat Omar…
Losses by five financial and one manufacturing equities sent the GSE All-Share Index, the main market indicator, tumbling by 83.21 points to 6,445.07 points from 6,528.28 points during Thursday trading on the Accra Bourse.
The change…
The World Bank has approved the release of the second and last tranche of 143 million dollars of the Economic Governance and Poverty Reduction Credit (EGPRC) for Ghana.
The first tranche of 150 million dollars was disbursed in July, …
Sam-Woode Limited (SWL) has announced a final dividend of GH�0.0060 per share in respect of its financial year ended December 31, 2009 and all shareholders registered in the books of SWL at the
close of business on Friday, August 6 201…
The customs authorities Wednesday cleared the Karachi-bound ship 'Aegean Glory Kingstown', carrying military hardware and explosives onboard and detained here since June 26, to sail out of the Kolkata port on Thursday.
"Customs clea…
The Dumpong rural bank at Asakraka in the Kwahu South District recorded a profit before tax of GHC 57,393 last year as against GHC 12,136 in 2008.
The profit margin represented 373 per cent.
The chairman of the Board of Direc…