Global investors are now on pins and needles again after the breakout of the Dubai debt crisis, even though their confidence is being restored with the gradual recovery of the world's ailing economy.
Dubai World, one of Dubai's large…
New inflation data reveal the moderation in prices has come to an end, suggesting the Australian Reserve Bank (RBA) will raise its cash rate for an unprecedented third month in a row.
The TD Securities-Melbourne Institute monthly inf…
The Ghana Chamber of Commerce and Industry (GNCCI), will host the first ever workshop of the Federation of West African Chambers of Commerce and Industry (FWACCI) in Accra from December 8 to 10, 2009.
The three-day workshop will bri…
The Internal Revenue Service has launched a software to aid medium and small scale companies to file their tax returns.
Dubbed "IT Form 51", clients could start accessing the service from Tuesday, December 1, and this would be free …
The main index of the Ghana Stock Exchange (GSE),
the All-Share Index, slipped in trading Tuesday losing 2.96 points to close at 5,383.52
points from 5,386.48 points on Monday.
To date the bourse has lost 48.39 per cent.
Tra…
Dubai World Tuesday said it is in talks with bankers aimed at accelerating its restructuring process announced last week by "considering alternatives in respect of debt obligations of
certain entities within the group," state-run newspap…
The Tema office of the Value-Added Tax (VAT) Service, on Tuesday closed down Parkobi Clearing and Forwarding Agency, for owing the service 3,165 Ghana Cedis.
A joint VAT and Police exercise to recover monies owed by customers in the …
t remains very difficult to conclude the Doha Round of global trade talks in 2010, Chinese Commerce Minister Chen Deming said here Tuesday at a ministerial conference of the World Trade
Organization (WTO).
"The new deadline of 2010…
Uzbekistan quitted the unified Central Asian power grid on Tuesday due to its self-claimed attempt to ensure its energy security, the Interfax reported.
"Uzbekistan is to officially withdraw from the Central Asian power grid on Dec.1…
President and CEO of U.S. automaker General Motors Co. Fritz Henderson resigned Tuesday and his job was taken over on an interim basis by the company's chairman, Ed Whitacre Jr.
At a hastily called press conference in the auto city o…
Iran's envoy to the Organization of the Petroleum Exporting Countries (OPEC) Mohammad-Ali Khatibi said an increase in OPEC output will disturb current balance in oil market, Iran's English
language Press TV reported Tuesday.
"The f…
Australian Resources and Energy Minister Martin Ferguson on Tuesday officially commenced the Gorgon natural gas project on Barrow Island, off Western Australia's Pilbara coast.
Construction work is already underway on the island for …
Japan's Cabinet Office predicted in a report Tuesday the global economy is set to grow at the 2 percent level in 2010.
The report states that this is the first time the world economy has seen an upward trend in two years and that eco…
Dr Joe Oteng-Adjei, the Minister of Energy, has said the issue of mainstreaming gender in public decision-making and participation, especially in matters that affect Women, was increasingly gaining attention the world over.
In an ad…
The Asikuma-Odoben-Brakwa (AOB) District Assembly increased its Internally Generated Funds (IGF) from GHC85,917.63 in October 2008 to GHC110,213.33 as at November 2009.
The District Chief Executive, Madam Georgina Nkrumah Aboah said …
A total of 30,000 jobs is to be created through the implementation of a National Forest Plantation Development Programme (NFPDP).
The programme, to begin in 2010, would initially be implemented in 100 districts and 300 jobs would be …
The World Trade Organization (WTO) opened its first ministerial conference in four years on Monday, where trade chiefs of its 153 members are due to review the activities of the
multilateral trade body.
It would be "a platform for …
The weekly average crude oil price of OPEC dropped again last week, falling by 0.8 U.S. dollars per barrel to 75.98 dollars, the Vienna-based organization said Monday.
In the only two trading days last week due to holidays, the Organ…
Developing members in the World Trade Organization (WTO) on Sunday called for urgent action to resolve the remaining issues in the Doha Round of trade negotiations so that a shared objective to conclude the round in 2010 could be accomplis…
South Korea plans to operate a daily monitoring system on the Dubai fallout on the nation's financial markets in a bid to shield the economy from a possible turmoil, a high-ranking government official said Monday.
"We will establish …
Bank of Japan (BOJ) Governor Masaaki Shirakawa said on Monday that his institution would do its best to prevent the nation from sliding into deflation and losing the momentum needed to
maintain the current tentative economic recovery, an…
The Seventh Ministerial Conference of the World Trade Organization (WTO) is due to start here Monday afternoon under the main theme of "WTO, Multilateral Trading System and Current Global
Economic Environment."
Trade chiefs of the …
Trade between Nigeria and Czech Republic in the past year hit 800 million U. S. dollars, the News Agency of Nigeria reported on Monday.
Citing Nigerian-Czech Business Council President Obiora Nzekwu, the report said the volume of tr…
Nigeria has approved a three-year tax holiday for new mining companies as part of incentives to attract investments to the sector, the News Agency of Nigeria reported on Monday.
Citing the country's Minister of Mines and Steel Develo…
The World Trade Organization (WTO) chief called for advancing the long-running Doha Round of global trade negotiations on Monday, when the organization convenes its seventh ministerial conference to review its work.
The three-day mee…
The Ministry of Women and Children's Affair(MOWAC) on Monday launched a $14.63 million gender sensitive project that will offer women skills to participate equitably in the country's development process.
The four-year project jointly…
Legal Resources Centre (LRC), an NGO on Monday
appealed to government to institute measures to curb alleged widespread corruption on the Tema-Ouagadougou trade corridor.
It said "such practices when not checked would undermine the…
The cedi on Monday appreciated against all the major trading currencies, the Dollar, Pound, Euro and the CFA, the Gold Coast Securities Market Update report copied to the Ghana News Agency said on Monday.
It said the cedi fetched 1.6…
The main index of the Ghana Stock Exchange (GSE), the All-Share Index, begins the week lower on Monday by 12.34 points to close at 5,386.48 points.
Change for the year closed the session at -48.36 per cent.
Traded volumes close…
A French commercial court on Monday fined the world leading online auctioneer eBay 1.7 million euros (2.55 million U.S. dollars) for charge of violating an injunction banning sales of LVMH
products.
The court in Paris has ordered e…
Mexican economist Moises Schwartz has been designated by the International Monetary Fund (IMF) as director of its Independent Evaluation Office (IEO), Mexico's Financial Secretary Agustin Carstens Carstens announced on Monday.
Schwar…
Peru's Ministry of Foreign Trade and Tourism will launch a nationwide campaign in January 2010 to publicize the benefits of a Free Trade Agreement (FTA) with China, a Peruvian expert on bilateral ties said Monday.
"We will employ the…
Canadian Minister of Finance Jim Flaherty Monday announced the nomination of Tom Hockin as Executive Director of the International Monetary Fund (IMF) representing the constituency of Canada, Ireland and the Caribbean.
"The recent gl…
A new state law aimed at companies who add charges to telephone bills without the consumer's consent was signed Monday by Governor of Illinois Pat Quinn,according to official sources.
The practice is known as "cramming," and it was a…
Chinese Commerce Minister Chen Deming on Monday called on the Seventh WTO Ministerial Conference to send a positive signal to the world to help stabilize and improve the crisis-hit global
economy.
"Today at this gathering we should…
The World Trade Organization (WTO) opened its first ministerial conference in four years on Monday, where trade chiefs of its 153 members were due to review the activities of the
multilateral trade body and gather momentum for the Doha R…
A successful conclusion of the long- stalled Doha Round of global trade talks is possible in 2010, the United States Trade Representative Ron Kirk said on Monday.
"The United States is committed to achieving such an outcome, and I be…
World economy will resume growth and put on a 3.5-percent increase in 2010, driven largely by emerging economies, a latest research report reveals on Monday.
"Global growth will resume in 2010, with global output per head returning t…
Indian Commerce Minister Anand Sharma warned on Monday that countries should refrain from protectionism for a global recovery, including a new form of "green" protectionism.
"Protectionism is a global bad," Sharma said in his remarks…
The Wamfie Rural Bank Limited declared a net profit of GHC 66,909.53 at the end of its 2008 operational year.
The amount is about 27.97 per cent more than the previous year's figure of GHC 52,286.08, Mr. Herbert Morrison Adjei, chair…
The ARB Apex Bank, has asked the Board of Directors of the Rural/Community Banks (RCBs) to investigate thoroughly the background of people they employ especially those at the managerial level to weed out all shady characters.
Mr Theop…
A number of influential economists and analysts warn of a double dip recession, even as the U.S. economy slogs toward recovery.
Well-known analyst Meredith Whitney, Chief Executive Officer of the Meredith Whitney advisory group, rece…
he Central Bank of the United Arab Emirates
(UAE) said Sunday that it stands behind its banks and branches of foreign banks operating in the Gulf Arab country, the official WAM news agency reported.
The central bank provided the ban…
Dubai World, one of Dubai's largest and most important conglomerates, is considering four options of repaying its total 59-billion-U.S.dollars debts and liabilities.
Dubai World could still meet the Dec. 14 deadline on the 4 billion …
The South Korean government on Sunday said the
ongoing debt problem in Dubai will have a "limited" impact on the country, but it should be
closely monitored.
The conclusion came after the country's two financial watchdog bodies -- …
Mr Kofi Opoku-Manu, Ashanti Regional Minister, has called on the Customs Excise and Preventive Service (CEPS) to create a congenial environment to encourage customers to honour their tax
obligations.
He said as a revenue institution, C…
The Social Security and National Insurance Trust (SSNIT) says it has a huge sum of money lodged in its suspense account as a result of some employers' inability to supply it with the Social security numbers of their employees.
To el…
Mr Kwesi Bekoe Amissah-Arthur, Governor of Bank of Ghana (BoG), has challenged banks to double efforts in order to serve as financial mediators in transforming the economy for the better.
He also called on the financial institutions …
One hundred and twenty-four rural banks now deliver foreign money remittances through the Western Union Money Transfer system, with 350 payment points, Mr Duke Osam-Duodu, Deputy
Managing Director of the ARB Apex Bank, has said.
He …
A new clothing line, " Maksi Clothing," belonging to two sisters, Nana Darkoa Sakyi Armah and Abena Sakyi Armah, was on Saturday launched, in Accra, to boost the Ghanaian fashion industry.
Speaking at the launch, Nana Darkoa Sakyi Arm…
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