The Sissala Rural Bank will next year open two new branches at Gwollu, capital town of Sissala West District and Funsi, capital town of Wa East District.
This will help the people who are predominantly farmers to have access to bankin…
The Ghana Insurers Association (GIA) is to play host to the African Insurance Organization (AIO) 2009 Life Conference in Accra.
The event which takes place at the La Palm Royal beach Hotel from November 11 through the 14 is under the…
French Airbus company lifted its new A330-200 freighter into first flight-test on Thursday, a stride for more market share.
A330-200 freighter succeeds a four hour maiden flight over Toulouse, in southeast France, starting its 180 hour fl…
The government of the Democratic Republic of Congo (DRC) and the UN mission in the war-torn central African country launched a stabilization and recovery fund, the government announced on Sunday in a press release.
The administration c…
The Civil and Local Government Staff Association of Ghana said on Friday that it would not be coerced to accept the Single Spine salary structure to the detriment of its members.
"We are not only interested in the early implementatio…
The U.S. Commerce Department on Thursday set preliminary anti-dumping duties on imports of Chinese-made oil pipes, the biggest U.S. trade action against China.
The department said it "preliminarily determined that Chinese producers/e…
The San Francisco-based United Commercial Bank reopen Saturday as branches of East West Bank after it was shut down by regulators Friday night and immediately sold to the Pasadena-based East-West Bancorp.
The California Department of…
Nigeria's Minister of Commerce and Industry Achike Udenwa called on foreign investors to explore Nigeria's trade potential as the hub of business activities in Africa, the News Agency of Nigeria reported on Saturday.
The minister mad…
G20 policymakers remain divided on how to scale back fiscal and monetary stimulus programs at the
ongoing G20 Finance Minister and Central Bank Governor Meeting here.
However, they emphasized the importance of continuing the stimul…
The Russian economy, which had been developing at high speed prior to the global financial turmoil and economic downturn, has suffered severe losses in the crisis. Nonetheless its prospect remains uncertain at present.
President Dmit…
Philippine gross international reserves (GIR) rose to 43.2 billion U.S. dollars in October thanks to proceeds from the government's recent bond sales and loans provided by the Asian Development Bank.
The Philippine central bank repor…
The G20 Finance Ministers and Bank Governors Meeting, which is being held in St. Andrews, an ancient city of Scotland, will focus on the "exit strategy" as the global economy gradually shows positive signs.
This is the third time for…
British Prime Minister Gordon Brown has called on G20 countries to stick to the stimulus that has
helped stabilize the global economy this year to underpin recovery.
He was addressing the ongoing G20 Finance Minister and Central Ba…
The G20 policymakers emphasized the need for the Basel Committee to develop stronger standards by end-2010 to be phased in with the aim of implementation by end-2012 as financial
conditions improve and the economic recovery is assured, a…
The robust trade and growing economic cooperation between China and Africa have created a "win- win" situation for both sides, which are complementary in a wide range of aspects.
Since the year 2000, China-Africa trade have been enjo…
The Ghana Trades Union Congress (TUC) on Friday cautioned the citizenry to guard against the proliferation of institutions claiming to be providing skills training in the oil industry.
Mr. Kwabena Nyarko Otoo, Acting Head of the Labo…
A strategy to boost local and foreign investor interest in the salt industry to promote employment, revenue generation and export has been launched in Accra.
The strategy seeks to attract domestic and foreign direct investments into …
The Civil and Local Government Staff Association of Ghana on Friday said it would not be coerced to move into Single Spine if it would be a disadvantage to its members.
"We are not only interested in the early implementation of the pol…
Welcoming the Organization for Economic Cooperation and Development's (OECD) positive data on Italy's recovery, Italian Prime Minister Silvio Berlusconi on Friday said the country had
finally exited from recession and was among the leadi…
The Central Bank will continue to adopt policies and programmes to restructure institutional framework and ensure safety in the banking industry.
The Bank of Ghana will ensure the development and growth of Rural and Community Banks a…
British Airways (BA) said on Friday that it plans to cut a further 1,200 jobs after reporting a heavy loss in the first-half of its financial year.
The further job cut means that the airline will have shed a total of 4,900 positions by…
The Inter-American Development Bank (IDB) approved a loan of 6.5 million U.S. dollars on Friday to build a 15.6-megawatt biomass power plant in Chile.
The plant, which will use agricultural, forestry and industrial waste as fuel, wou…
The Gabonese government has decided to halt export of undressed timber as from 2010 and boost the value added products, an official communique said on Friday.
The decision was taken "for the benefit of transforming our local forest s…
French company Total, the top oil operator in the Republic of Congo, plans to increase its production by at least 20 percent by the year end, the state radio reported on Friday.
"The prospects in matters of petroleum production are g…
Australia's research and business ties with Asia have experienced the largest decline in a decade, a new study revealed on Friday.
The PricewaterhouseCoopers Melbourne Institute Asialink Index, released on Friday, also indicates Japa…
Newmont Ghana Gold Limited (NGGL) Ahafo Mine has completed the first part of the second phase of its Agricultural Improvement and Land Access Programme (AILAP) aimed at assisting farmers affected by its operations.
The multinational …
Small-scale mining has led to the degradation of about 15,000 hectares of land in the country, Dr. Ebenezer Owusu-Sekyere, Senior Research Scientist at the Forestry Research Institute of Ghana (FORIG) has said.
He said the lands had …
Consumers in the European Union can now benefit from the "Common Principles for Bank Account Switching" implemented by the national banking associations in each member state from Nov. 1.
The principles, adopted last year by the Europ…
The Wa Business Advisory Centre (BAC) of the National Board for Small Scale Industries (NBSSI) has organised a stakeholders meeting to discuss how they could collaborate to create an enabling environment for the development of Micro and Sm…
Vodafone said on Thursday that it welcomed the Government of Ghana's statement on the Report of the Inter-Ministerial Review Committee and was pleased to re-engage with the Government to secure the long term future of Vodafone GT.
A …
Mr. Nii Amasah Namoale, Deputy Minister of Food and Agriculture in charge of Fisheries, on Thursday asked farmers to adopt and apply the principles and methods of modern farming, to boost
production.
He stressed the need for farmer…
Ms. Hannah Tetteh, Minister of Trade and Industry,on Thursday stated that her outfit was collaborating with the Ghana Standards Board and Food and Drugs Board to come out with high standard and quality Ghanaian products.
The collabor…
Professor Samuel Kofi Sefa Dedeh, Dean of Faculty of Engineering Science, University of Ghana, Legon, on Thursday called for efforts to ensure Ghana developed the appropriate human resource to benefit from the oil find."There are a lot of …
Ethiopia's capital Addis Ababa, Africa's meeting place, is to host the fourth annual African Economic Conference from November 11 to 13, it was learned on Thursday.
Close to 400 policy makers, development experts and economists will…
The Iraqi Oil Ministry said Thursday it has awarded a consortium led by Exxon Mobil Corp. and Royal Dutch Shell PLC a license to develop its West Qurna phase 1 oilfield.
Iraqi Oil Minister Hussein al-Shahristani told a press conferen…
Brazil's state-controlled oil and gas giant Petrobras announced on Thursday that it had signed an agreement to purchase Chevron Chile SAC assets, the company that manufactures and markets Texaco lubricants in Chile.
According to Petr…
The Republic of Congo and the African Union Telecommunications (UAT) concluded a deal on Thursday to promote information and communication technologies (ICT) in Africa.
According to the Congolese Ministry of Telecommunications, the a…
British Business Secretary Peter Mandelson said on Thursday that British and Russian firms should seek out opportunities to expand bilateral trade, a move that will help both countries' economies.
Mandelson met with Russian Deputy Pr…
The Spanish government has agreed to provide a credit of some 500 million Euros (725 million U.S. dollars) to Angola to encourage more trade with the oil-rich African country, Angola's official news agency Angop reported on Thursday.
…
Productivity in the U. S. nonfarm business sector grew at an annual rate of 9.5 percent in the third quarter of 2009, biggest quarterly gain in six years, the Labor Department reported on Thursday.
The third-quarter reading for prod…
The International Monetary Fund (IMF) said on Thursday that it has signed a borrowing agreement with the Danmarks Nationalbank, the central bank of Denmark, to provide the IMF with up to 1.95 billion euros (about 2.9 billion dollars).
…
Chinese investments in Italy, although still limited compared with that in the rest of Europe, are growing with more and more Chinese firms operating in the country's strategic sectors, said an Italian government agency on Thursday.
…
The International Monetary Fund (IMF)predicts a 4 percent economic growth in 2010 and a 5 percent growth in 2011 for sub-Saharan Africa.
The optimistic forecast was made in the IMF report released on Thursday in the Senegalese capita…
The World Bank rejected Costa Rica's credit request for 15 million U.S. dollars to repair the most damaged bridges in the country, Costa Rican President Oscar Arias said Thursday
Costa Rica requested an access to its credit line of 60 m…
The main index of the Ghana Stock Exchange (GSE), the All-Share Index, made a rare gain in trading on Tuesday, boosted by price appreciation in Ecobank Ghana and Guinness Ghana Breweries Limited.
The index closed the session up by 29.…
Members of sixty Credit Unions in the Ashanti Region have attended a three-day workshop designed to reinforce best practices and efficiency in their operations.
The 136 participants were taken through topics like "Model Financial Managem…
A 19-year-old bicycle repairer Dandumah Mustapha was on Tuesday remanded into police custody by an Accra Circuit Court for allegedly causing harm to Abubakar Ibrahim.
Mustapha pleaded not guilty and was remanded by the court presided…
Notwithstanding the acknowledgement of the quality of the Volta Prairie (Aveyime) local rice, consumers and retailers in the Ho Municipality have reservations about its packaging and prices.
A cross-section of consumers expressed t…
Many more people were affected by the recent cyanide spillage at Newmont Ghana Gold Limited (NGGL) Ahafo Mine than the Company stated in its press release.
Ms. Adiki O. Ayitevie, Regional Manager, Communications of Newmont, in a rele…
Mr Duke Osam-Duodu, Deputy Managing Director of the ARB APEX Bank, has called on Rural and Community Banks (RCBs) to adopt effective strategies to enable them to compete favourably in the banking industry.
He said strategies such as …
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