Wall Street retreated on Friday amid a global sell-off as investors fled risk assets on concerns about Dubai's debt rescheduling.
The sell-off was triggered by Wednesday's announcement from Dubai, one of the seven members of the Unit…
Visiting Chinese Commerce Minister Chen Deming and French Finance Minister Christine Lagarde oversaw the signing of more than 40 contracts between a Chinese business delegation and French
enterprises here on Friday.
The Chinese pro…
Ghana Commercial Bank, the most widely distributed bank in Ghana, has recorded an outstanding performance in the third quarter of the year posting almost 80 percent increase in interest
income.
The bank's earnings per share also …
A campaign to bring sanity on the roads as Christmas draws close was taken to a new level with a day's seminar in Kumasi on tyre selection and maintenance for transport sector operators in the Ashanti and Brong-Ahafo regions.
Transport…
The Chief Manager of Banking Supervision, Bank of Ghana (BOG) on Thursday urged managements of rural banks to form alliances to meet the GHC150,000 minimum capital required by the Central Bank to remain in competitive business.
Mr Ra…
Seven companies have been presented with Ghana
Business Code Gold Membership certificates for adhering to high standards of business practice in human rights, labour values, best environmental
responsibility and anti-corruption.
…
Government has issued a White Paper on the Single
Spine Pay Policy following the approval by President John Evans Atta Mills.
It confirms government's promise to commence the implementation of the policy from January 2010.
A s…
Key energy ministers, senior industry executives and energy officials will gather at the All Africa Energy Summit 2009, to be held at the La Palm Royal Beach Hotel, Accra, Ghana from December 7-8.
Focusing on new opportunities in emer…
The Ghana Statistical Service GSS) and stakeholders have put together a master plan to carry out sustainable and reliable civil registration across the country, a Deputy Minister said on Thursday.
Mr Elvis Afriyie-Ankrah, Deputy Mini…
Government is keen on establishing harmonised
Public Procurement processes in the public service to eliminate corruption.
Ms Yvonne Vanderpuye, a Principal Operations Officer of the Public Procurement Authority, (PPA) on Thursday sa…
Costa Rica said Sunday it will sign with the Organization for Economic Cooperation and Development (OECD) an information exchange agreement aimed at avoiding possible sanctions by the grouping.
Costa Rica's Treasure Minister Jenny Ph…
An eleven-member committee of businessmen and eminent citizens of the New Juaben Traditional Area with support from the New Juaben Municipal Assembly, have resolved to come out with modalities for the establishment of a New Juaben Chamber …
The ARB Apex Bank Limited has called on Rural and Community Banks (RCBs) to form strategic alliances to enable them to stay in competitive business.
This has become necessary due to the changing scene of the banking terrain,Mr Richar…
Giant pandas Wang Wang and Funi will provide a 600 million dollars (555 million U.S. dollars) boost to the South Australian economy during their 10-year stay in Adelaide, Zoo officials say.
The pandas are due to arrive in Adelaide on…
Asian Development Bank (ADB) has allocated some 700 million U.S. dollars to facilitate Indonesian banks in providing Trade Financing Facilitation Program (TFFP) for Indonesian businesses, a senior ADB official said here on Wednesday.
…
In a bid to open wide the tax information access, Indonesia planned to renegotiate the articles set in the tax information sharing agreement with countries joined in Study Group on Asian Tax Administration and Research (SGATAR), the Bisnis…
While some are sighing year-end relief of having already spotted signs of recovery in the United States, others are still as worried as in the midst of the recession.
One could indeed argue that their concerns are well-founded, as t…
Vietnam and Myanmar are seeking increased economic and trade cooperation and a meeting on the move between a Vietnamese ministerial delegation and officials of a Myanmar's biggest business organization has taken place recently in Yangon, …
Most people interviewed in Sunyani have described as "not a good thing" the decision by the government to restore duties on imported rice, poultry and fish as a means of boosting local production.
In a random sampling conducted by th…
The European Union has given Senegal a total of 17 billion FCFA (34 million U. S. dollars) in support of the West African country's domestic companies, the government announced.
Three agreements were signed on the funding on Tuesday …
Mr Richard Mettle Addo, Head of Research Marketing and Corporate Affairs Department of the ARB Apex Bank, has said the banking industry was undergoing rapid technological transformation in
the form of electronic banking driven by the Ban…
The Atwima-Mponua Rural Bank has raised concern about the practice of paying cocoa farmers with cash by some Licensed Cocoa Buying Companies (LBCs') instead of the Akuafo Cheque System.
Mr Kwaku Addai, the Board Chairman, said thi…
Mr Martin Esson-Benjamin, Chief Executive Officer of the Millennium Development Authority (MiDA) on Wednesday expressed the need for procurement officers in the country to be given the requisite training to stay competitive.
He said…
The Minister of Local Government and Rural Development, Mr Joseph Yieleh-Chireh on Wednesday urged board members of the Social Investment Fund (SIF) to adopt proactive measures to reduce poverty in the country.
Inaugurating an 11-mem…
Mrs. Juliana Azuma-Mensah, Minister of Tourism on
Wednesday pledged government's commitment to harness the huge investment potentials in the tourism industry for job creation and poverty reduction for economic development.
She note…
Not long after China and Australia have passed the bumpy road and come back to "business as usual", both sides set to resume the Free Trade Agreement (FTA) negotiations. Why is the FTA so important and urgent to both China and Australia? H…
Preparing for the imminent Christmas, fewer French people said they would constrict expense for the festival compared to the same period last year, according to a recent survey carried out by French pollster company Ipsos.
Some 43 pe…
Adam Spence, 29, executive director of Ontario Association of Food Banks (OAFB), feels pressures and challenges like never before.
This is a major donation season for food banks, but both donations from corporations and individuals h…
Thousands are expected to protest a meeting of the World Trade Organization (WTO) on Saturday in Geneva, reported the Agence Telegraphique Suisse (ATS) on Wednesday.
According to the ATS, organizers expect between 5,000 and 6,000…
The Minister of Trade and Industries, Ms Hannah Tetteh has assured farmers in the Upper East Region of ready market for tomato to prevent glut of the produce during this year's harvesting period.
She said government was negotiating w…
Vodafone Ghana on Monday inaugurated the first ever internet café in the Vodafone family anywhere in the world.
The 100-seat café located at the Cantonments branch of the company, has both broadband and Wi-fi hotspot, offering customers a…
The Volta Trade and Investment Fair is to be extended beyond the borders of the country to give it an international appeal.
Mr. Joseph Amenowode, Volta Regional Minister, who stated this at the official closing ceremony of the maiden…
South Dayi District Assembly in the Volta Region has developed an ivory-like substance from the fruit of Fan Palm, technically known as (Borassus Palm).
The whitish, shiny and hard object which looks very much like an ivory could be …
The Private Enterprise Foundation (PEF) on Tuesday organised a workshop for entrepreneurs in the private sector to discuss the 2010 Budget Statement and Economic Policy in order to make their
recommendations for government's consideratio…
Dr Paa Kwesi Nduom, Election 2008 flag bearer of the Convention People's Party on Tuesday called on Ghanaians to support the proposal for the election of District Chief Executives (DCE's) and assembly members.
He said the current loc…
U.S. Secretary of Labor Hilda Solis toured two facilities in Los Angeles Tuesday to push for green jobs, as part of the "National Conversation on the Future of America's Cities and
Metropolitan Areas".
Solis made separate visits to …
China is optimistic that its trade with France could recover from its slump during the global finacial crisis, a Chinese diplomat said Tuesday.
Commercial counselor of the Chinese embassy in Paris Ma She told reporters that trade vol…
The U.S. Federal Reserve (Fed) policymakers saw "the overall economic activity continued to rise in recent months," but labor market remained a major concern, according to documents released Tuesday.
Minutes of the Federal Open Marke…
The European Commission launched a public consultation Tuesday on a new growth strategy for the European Union (EU) during the next decade, hoping to lead the 27- nation bloc towards a
green, knowledge-based economy by 2020.
The ne…
Following two months of declines, people receiving regular Employment Insurance (EI) benefits in Canada rose by 54,300, or 7.1 percent, according to data released by Statistics Canada on Tuesday.
The number of beneficiaries in Septem…
The U.S. economy grew 2.8 percent in the third quarter, a pace slower than first thought, according to the revised estimate released by the Commerce Department on Tuesday.
The government's new reading on gross domestic product was 0.…
Canada has made some progress in fighting child poverty over the past decade but the number of children living in low-income families is still large, according to a report released Tuesday.
In 2009, approximately 9.5 percent of Canad…
The International Monetary Fund (IMF)has approved a credit of 1.4 billion U.S. dollars to Angola to help the African country to cope with global economic crisis, Prime Minister Antonio Paulo Kassoma announced here on Tuesday .
Addres…
The government of Benin and the European Union will launch an aid program of more than 8 million U. S.
dollars to promote rice production in the West African country, local media reported on Tuesday.
The aid of 5.42 million euros (…
Kim Jong Il, top leader of the Democratic People's Republic of Korea (DPRK), called for launching a "tools revolution" to improve the nation's machine-building industry, the official KCNA news agency reported Tuesday.
During an inspe…
Japan's Minister of Land, Infrastructure, Transport and Tourism announced Tuesday that ailing Japan Airlines Corp., the nation's top carrier, can turn itself around despite share prices plummeting in recent weeks.
"I still believe JA…
The Cultural Initiative Support Programme (CISP) has provided an entrepreneurial skills training for some selected women at Busa in the Wa Municipality of the Upper West Region.
The project was funded by the European Development Fund…
The performance of the Public Utility Regulatory Commission (PURC) of Ghana over the years will come under scrutiny in a week-long review by members of the Peer Learning Network from November 23 to 27, this year.
The Peer Learning Ne…
Ghana stands a better chance of making economic gains in strategic areas that evolve around climate change, a leading member of the Ecobank International Organisations Department has said.
Speaking on the topic: "Business Opportunities fr…
Gold Fields Ghana Limited, a mining firm in Tarkwa will in the next three years become a major fish supplier to Accra and major cities in the country.
Mr. Peet Van Schalkwyk, Manager of the Tarkwa, mine said the company had started …
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