The global demand for oil could peak within the next 25 years if countries around the world pursue low carbon growth policies, the head of the International Energy Agency (IEA) said Friday.
Nobuo Tanaka said at the Energy Technology P…
Leo Motors Inc., a South Korean electric carmaker, unveiled its new vehicles on Friday, which can travel at a maximum speed of 140 kilometers per hour.
The vehicles, originally built by other South Korean automakers, had
their engines…
Indian fish and shrimp exports to the European Union will have to pass stringent health safety tests, according to the new rules of the
European Commisson.
"...aquaculture products imported from India should undergo mandatory testi…
Emirates Airlines, which brought to India the double decker Airbus A-380, will invest USD 2
million in setting up an exclusive lounge at the newly inaugurated swanky Terminal-3 of the Indira Gandhi International Airport in New Delhi.
…
Describing India as a major market, Jordan is wooing tourists from the country to visit its hot
spots, including historical ruins and Biblical sites, as it expects over 50,000 visitors this year.
From January to May this year, 20,000…
Gold prices fell by Rs 35 to Rs 18,665 per 10 grams in the Indian national capital Friday on
sustained selling triggered by a weakening trend in global markets.
Marketmen said sustained selling in tandem with the weakening trend in…
Describing the late Indira Gandhi as the "greatest Prime Minister" India ever had, Non-Resident Indian industrialist and one of Britain's wealthiest Lord Swraj Paul said credit for opening up the Indian economy goes to her.
"In Indi…
Even as Pakistani-Canadian terror suspect Tahawwur Rana, remains locked up at the Metropolitan Correctional Centre in Chicago, his business here is not doing well.
Rana was charged together with Pakistani-American terrorist David Cole…
South Korea and the United States plan to use a "neutral expression" in their joint document to be issued this week in describing the waters between South Korea and Japan, a sensitive issue due to the long-time territorial dispute stemming…
Mr Elvis Afriyie-Ankrah, the Deputy Minister of Local Government and Rural Development, has called for the doubling of the percentage threshold of the District Assemblies Common Fund (DACF) to 15 percent from the present 7.5 percent.
…
Barely three weeks after scores of illegal gold miners had been trapped to death underground near Dunkwa-On-Offin, another mine disaster had struck.
This time, one person was killed and two others badly wounded, when the pit in whic…
President John Evans Atta Mills has directed that the Supplier's Credit Financing Agreement that generated unending debate in Parliament on Wednesday be withdrawn and sent to a Joint Ministerial Committee for a re-look.
Mr Alban Suman…
The Ghana Interbank Payment and Settlement Systems (GhIPSS), has begun its rural banking roll out, targeting farming groups and businesses within farming communities.
The programme has started at Damang in the Kwaebibirem District of…
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 Friday, July 16, 2010.
GHANA CEDI EQUIVALEN…
Sixteen Financial Extension Agents (FEAs) of the
Micro-Finance and Small Loans Centre (MASLOC) who are responsible for the recovery of loans from defaulters in the Upper West region have not been
paid their salaries for the past eleven m…
Ms Bertha Badu-Agyei, a Journalist, on Friday
appealed to the Fair Wages and Salaries Commission and the Accountant General's Department to release the Single Spine Salary Structure (SSSS) figures to the various organisations.
She s…
The GSE All-Share Index saw a resurgence on Friday�s trading climbing 118.58 points to close the week�s session at 6,291.68 points from Thursday�s 6,173.10 points.
The appreciation was the second after the index plummeted three…
Vice President John Dramani Mahama on Friday stated that government has put in place adequate legal and business framework that would make investors comfortable in the country.
Apart from the framework, he said, Ghana's democratic cre…
The West Coast Destination Management Organization (DMO) on Friday launched a website on tourism to market the potential opportunities of the Western Region and promote tourism.
The website, which provides detailed information on tou…
Ghana continues to attract huge American business interest a year after the visit of President Barack Obama, United States Embassy in Accra stated on Wednesday.
"The Embassy has seen a 100 per cent to 200 per cent increase in the numb…
A nine-day seminar on Public/Private Partnership (PPP) is underway at the Institute of Local Government Service (ILGS) for personnel of Metropolitan and Municipal Assemblies (MMAs) in the country.
The seminar is to provide participan…
Parliament on Wednesday failed to conclude the adoption of a Suppliers Credit Financing agreement between the government of Ghana and STX Engineering and Construction Ghana Limited, a Korean company, and thus suspended it till Thursday Jul…
The Association of Ghana Industries (AGI) has called on the utility providers to credit customers, especially industries, who paid bills based on the new tariffs increases.
It also called for suspension of the implementation of the a…
Mr Kwadwo Asante, Chairman of Ghana National Association of Poultry Farmers has called for Save Our Soul (SOS) measures to prevent the poultry industry from collapsing.
He said the SOS should include the banning of imported chicken …
The European Union (EU) on Wednesday disclosed that it has disbursed a total of 41.8 million Euro to the Government of Ghana through the Multi-Donor Budget Support (MDBS1) framework for the 2010 fiscal year.
"This disbursement is in …
The inflation rate fell for the 12th consecutive month in June to 9.52 per cent from 10.68 per cent in May, the Government Statistician said on Wednesday.
The rate, which is the lowest since April 2007, has been helped mainly by decl…
A group of Senior Citizens in the Dormaa Municipality last Thursday appealed to the government to take steps to make locally produced items affordable to consumers.
The group said if this was done then the clarion call on Ghanaians t…
Growth of credit card spending in South Korea slowed down for a fourth month in June as global and domestic economic recoveries showed signs of losing steam, a local association of credit providers said Friday.
The Credit Finance Asso…
Within the past 15 years, the Ghana Oil Palm
Development (GOPDC) has been transformed into a nucleus estate of 7,270 hectares and small holder/out grower plantation spanning 13,874 hectares.
The original palm oil mill of 30 metric t…
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 Thursday, July 15, 2010.
GHANA CEDI EQUIVA…
President John Evans Atta Mills has directed that
the Supplier's Credit Financing Agreement that generated unending debate in parliament on Wednesday be withdrawn and sent to a joint ministerial committee for a re-look.
Mr Alban Suma…
Members of Parliament (MPs) on Wednesday could
not reach a conclusion on the debate over adoption of a Suppliers Credit Financing agreement between the government of Ghana and Korean company, STX Engineering and Construction Ghana Limited…
MTN Ghana says the 2010 World Cup showcased the
company's true values and capabilities to meet the high demands of one of the biggest sporting events in the world.
Mr Sameer Dave, Chief Technology Officer, MTN South Africa, who said…
Mr Ahumah Ocansey, an Accra-based legal practitioner, on Thursday called on Bank of Ghana (BOG) to conduct forensic audit of operations of Non-Banking Institutions (NBIs) to ascertain the
volumes of monies given out.
In a statement …
Asia needs to nurture its domestic demand as its export-driven growth remains vulnerable to overseas shocks, the head of the International Monetary Fund said Tuesday.
"Given that some of Asia's major trading partners -- in particular E…
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 Wednesday, July 14, 2010.
GHANA CEDI EQUIVALENT…
The Builders of Today Association (BOTA), a
Tema-based non governmental organisation (NGO), has underscored the need to build an oil museum at Cape Three Points to assist in the drilling of
Ghana's oil.
Mr Nash Olynpio, Consultant …
Two thousand (2,000) traditional caterers have been selected from all parts of the country to receive training in customer care, business management and food safety to enhance their trade.
African Aurora Business Network (AABN), an …
Indian investments in Malaysia are expected to surge with trade pacts expected to be inked between the two sides later this year, a Malaysian
minister has told a newspaper.
"Although it is still early to tell and, given the level o…
Vice President John Dramani Mahama has called on domestic and International Ghanaian Banks to reposition themselves to participate in Ghana's oil exploration expected to begin November this year.
"As financial institutions, you would …
A two-week training session for Tax Officers from Anglophone ECOWAS countries began in Accra on Monday.
The first training session on Value Added Tax (VAT) being jointly undertaken by ECOWAS Commission and VAT Secretariat in Ghana is…
It's easy to find open bars in South Africa, but how many of those sitting in the bars are thinking of economic problems?
FIFA has already begun to prepare for the successful end of the event before the finals. FIFA made huge gains of ove…
The presidential office, Cheong Wa Dae, said Friday it was looking into an allegation that one of its presidential secretaries meddled in the selection of the head of South Korea's largest financial services group, KB.
Jung In-chul, se…
The Mfantseman Municipal Assembly has prepared a four-year development plan under which 76 basic schools and 50 road networks are to be either constructed or rehabilitated.
The plan, to be implemented from 2010 to 2013, also caters f…
Ghana is one of the more open economies to foreign equity ownership in the Sub-Saharan Africa Region, "Investing Across Borders 2010," a new report by the World Bank says.
The report said all of Ghana's major sectors covered by the "I…
The Ashanti Regional Taskforce of the Ghana Tourist Board (GTB) has intensified its efforts to flush out sub-standard and unlicensed tourist facilities in the Region.
Mr Ekow Sampson, the Regional Manager, said with its huge tour…
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 Tuesday, July 13, 2010.
GHANA CEDI EQUIVALENT O…
The GSE All-Share Index slumped heavily again on Tuesday at 134.78 points due to price losses by some major equities.
The Index, which opened the week trading dull with similar huge loss at 108.23 points on Monday, therefore plunged …
Government is to construct standardised landing sites and icing centres for 14 fishing communities in the country.
Some of the communities are Jamestown, Dixcove, Ada, Winneba, Axim, Gomoa Ketu and Senya Breku.
Interacting with…
South Korea should step up efforts to inject greater competition into its power generation and distribution industry in order to promote industry-wide growth, a report said Friday.
The report by the state-run Korea Development Institut…