The Institute of Economic Affairs (IEA), a think tank, has proposed a long-term national development plan for successive governments to monitor and evaluate implementation of policies.
The Institute said the plan should cover a 10 ye…
The Health Minister, Dr Benjamin Kunbuor, has called for a major shift from the usual box of approaching health sector outcomes to other alternatives that are more practical.
He said with nearly five years to reach the set date of th…
The 2010 Volta trade, investment and cultural fair kick-start slowly on Monday with many stands and pavilions empty but with strong indications that the 14-day event would be bigger than the debut in 2009.
Organizers of the event sai…
Mr Gregorio Boho Camo, the Equatorial Guinea President of the Bioko Chambers of Commerce, Agriculture and Forestry, has lauded Ghana's diversified and stable economy, saying his country needed to imitate Ghana to develop her other sectors.…
The Upper Manya Kro Rural Bank on Monday, opened a new Agency at Asokore, a suburb of Koforidua, in the New Juaben Municipality.
The opening of the agency, which coincided with the inauguration of an ultra-modern building, brings to four…
Techiman Municipal Assembly in September collected GH�580,307.70 out of an estimated internal revenue of GH�1,051,570 for the year.
The amount represents 55 per cent of the total revenue expected.
Mr Alex Kofi Kyeremeh, Mun…
The Ministry of Trade and Industry has selected
WIENCO (GH) Limited to handle the purchase of all seed cotton produced under the aegis of the Ministry's Cotton Support Programme.
The management of WIENCO would therefore work with t…
The Petroleum Management Bills 2010 went through a second reading in Parliament on Monday with a strong proposal that prohibits the use of oil revenue as security for borrowing.
The 65 clause bill set out the formulae for the managem…
Small and medium scale enterprises (SMEs) must
leverage technology to be able to scale the challenges in the competitive global environment.
This is necessary to ensure that business decisions to drive change within corporate entit…
Ghana Trade Fair Company Limited (GTFCL) on Monday asked prospective exhibitors to desist from transacting business with Pan African Trade Fair since it had not entered into any agreement to hold any fair at the centre.
"We wish to d…
Dr Larbi Siaw, Director of Tax Policy Unit of
the Ministry of Finance and Economic Planning, said on Monday that the increases in taxes presented in the 2011 budget would not in anyway cause untold hardships to the citizenry.
"We …
Professor Ernest Aryeetey, the Vice-Chancellor of
the University of Ghana, has declared support for the demand by the chiefs of the Western Region to have 10 per cent of the country's oil revenue for
the development of the region.
…
Hyundai Motor Co., South Korea's largest
automaker, said Tuesday its sales in South American nations have surged nearly 29 percent this year, already surpassing the figure for all of 2009.
In the first 10 months of this year, the com…
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, November 22, 2010.
GHANA CEDI EQUIVA…
Mobile Telecommunication Network (MTN) Ghana
Foundation has donated GH�160,000 towards the rehabilitation of the Kpedze Health Centre in the Ho Municipality.
The facility, which was partly gutted by fire, serves clients within
…
IFC, a member of the World Bank Group, and the Soros Economic Development Fund have both invested $1.25 million of equity into Esoko, a Ghanaian technology firm. The investment in Esoko will give small holder African farmers and businesses…
The management of Bharti Airtel, a leading global
telecommunications company with operations in 19 countries across Asia and Africa, has launched its brand across 16 African countries including Ghana.
In Ghana, Airtel has replaced …
The Ghana Police Service has been selected alongside 39 other organisations from the public and private sectors to receive honours for their excellent approach in serving their clients.
The other organisations listed to be honoured …
The Millennium Development Authority at the
weekend inaugurated a fully networked operations of Dangme Rural Bank, the first to be connected to ARB Apex Data Centre, under the Ghana Rural Banks Computerisation and Inter Connectivity Proj…
High domestic consumption and unexpected climate changes are paving way for the whopping increase of edible oil import to India.
According to Solvent Extractors Association, India had imported 9.24 million tons of edible oil to the …
Compliance with the Food and Drugs Board's (FDB) food quality assurance standards could raise the competitiveness of producers, raising them above the bottom line, Mr Roderic Daddey-Adjei, FDB Eastern and Volta Zone Manager, has said.
…
Mrs Lucy Awuni, Upper East Deputy Regional Minister, has called on Ghanaians to take advantage of the oil find expand and promote their businesses.
She said that the emergence of the oil and gas industry would create the opportunitie…
Indian businessmen in the UAE are looking forward to Indian President Pratibha Patil's visit to the country beginning tomorrow and have stepped up efforts to make it a thumping success.
Patil is embarking on a three-day visit to the…
Silver prices surged to set new peaks by gaining Rs 500 to Rs 42,000 per kg, as stockists and jewellers increased their holdings to cash in on the ongoing marriage season amid a firm global trend.
Gold also inched up further by Rs…
Dr Kwabena Duffuor, Finance and Economic Planning
Minister, on Thursday presented the 2011 financial policy amidst mixed reactions from both the Majority and Minority.
While the minority described it as "fear and panic budget", the…
Mr John Tia Akologu, Minister of Information, on
Friday asked Regional and District Information Officers to be non-partisan in the dissemination of government policies and programmes contained in the 2011 Budget.
He explained that …
The Northern Business and Investment Fair has opened in Tamale and is aimed at showcasing business potentials in the northern sector of the country.
The five-day fair, which is being organised by the Business and Financial Times new…
Government would revise the income tax threshold and bracket in 2011 to take into account the inflationary impact on wages and salaries.
Dr Kwabena Duffuor, Minister of Finance and Economic Planning, announced this when presenting gov…
Indian-based VNL are looking for partners in Ghana to provide affordable solar-powered GSM mobile and Wi-fi connectivity systems to enable telecom operators provide sustainable and profitable service to rural communities in the country.
…
Government is reviewing Patent Act (Act 657) to promote, enhance and use it as a tool for economic development, Mr Ebo Barton Oduro, Deputy Minister of Justice and Attorney General, said on Thursday.
According to him, the patent syst…
The 2011 Budget would ensure significant investments in agriculture, rail transport, roads and highways, energy and housing in pursuit of government's growth strategy.
Finance Minister Dr Kwabena Duffuor said this would be complement…
The Government on Friday denied that the 2011
national budget would impose taxes on churches and mosques.
A statement issued in Accra by the Minister for Information, John Akologu Tia, described as "mischievous and untrue" claims b…
Employees who telecommute avoid distracting and stressful aspects of the workplace and as a result have decreased work-life conflict, U.S. researchers say.
Kathryn Fonner of the University of Wisconsin-Milwaukee and Michael Roloff of Nor…
Ms Elizabeth Adjei, Director of Ghana Immigration Service (GIS), on Wednesday noted that the country needed to fashion a policy that would create a pool of skills to support the nation's growing economy.
She said the State must recog…
Equatorial Guinea's capital Malabo, would host a Solo Exhibition of Made-in-Ghana goods organised by the Ghana Export Promotion Council (GEPC) from November 20-30.
The exhibition under the auspices of Ministry of Trade and Industry a…
Mrs Hannah Tetteh, Minister of Trade and Industry, said on Wednesday that government would take a second look at reviving the operations of the Subri Industrial Plantation Limited should all attempts to divest the assets of the company pr…
Grain futures closed sharply lower Tuesday with heavy selling by funds and the dollar index up 0.88 percent.
Corn was off 29 to off 30, soybeans were off 66 1/4 to off 66 3/4, wheat was off 46 1/2 to off 48 1/4 and oats off 4.
Corn futur…
Concern over debt issues in Europe weighed on crude oil Tuesday, pulling prices on the New York Mercantile Exchange under $83 per barrel.
Last week's run up to $88 per barrel has hit a wall of doubt in Europe,
where finance ministers ar…
Google Chief Executive Officer Eric Schmidt said U.S. consumers will be able to use Google's next smartphones as a replacement for credit cards. Schmidt announced the new Nexus phone in San Francisco at the Web 2.0 Summit, Red Orbit report…
Dr Kwabena Duffuor, Finance and Economic Planning Minister, on Thursday presented the Budget Statement and Economic Policy for the Fiscal Year 2011, the second budget statement of the government under the "Better Ghana", vision to improve …
Government intends to address the challenges in the agricultural sector by accelerating the modernisation and development of agriculture, Dr Kwabena Duffour, Minister of Finance and Economic Planning, said on Thursday.
Presenting the 2…
The Minister of Finance and Economic Planning, on
Thursday, November 18, presented the government's 2011 Budget Statement and Economic Policy to Parliament.
The theme for the budget is: "Stimulating Growth for Development and Job …
Mr John Awuni, Corporate Affairs Director of Finatrade Group of Companies, on Tuesday said reducing taxes on rice from La Cote d'Ivoire by the Ghana Revenue Authority was tantamount to selective justice and discriminatory practices.
…
The Paramount Chief of Gomoa Akyempim Traditional Area, Obrifo Ahunako Ahor Ankobea, has commended the government for prudent management of the economy.
Speaking to the Ghana News Agency at Apam, the Paramount Chief said the announce…
The Ghana Interbank Payment and Settlement
Systems (GhIPSS) has urged travelers to use the e-zwich card on journeys within the country to ensure the security of their funds.
The appeal comes in the wake of reported highway robberie…
A 10-day training workshop jointly organised by the Nkoranza North District Assembly and the District Directorate of Education for 17 Community Education Teaching Assistants is
underway at Busunya in the Brong Ahafo Region.
Topics b…
Mrs Hannah Tetteh, Minister of Trade and Industry, said on Wednesday that government would take a second look at reviving the operations of the Subri Industrial Plantation Limited should
all attempts to divest the assets of the company pr…
Business expectations are falling worldwide
despite improvements in the state of the global economy for the sixth consecutive quarter, according to the World Economic Survey (WES) published in Paris on Wednesday by the International Cham…
Mr George Smith-Graham, Chief Executive Officer
of Fair Wages and Salaries Commission (FWSC), on Wednesday denied reports that the implementation of the Single Spine Pay Policy had been deferred to 2011.
"FWSC wishes to re-assure it…
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, November 17, 2010.
GHANA CEDI EQUIV…