Ghanaians will have the opportunity next week to deepen their understanding on the need for good management of personal finances as experts in the financial services industry begin a week of public education.
The Financial Literac…
Former President Jerry John Rawlings has called for "a combined and renewed effort" by all to find answers that would ensure the growth required to eradicate poverty, while minimising the adverse social effects that go with globalisation.
…
The Fair Wages and Salary Commission on Tuesday assured stakeholders that all was on course for the take off of the single spine salary structure in January 2010.
Speaking at a stakeholders meeting, the Chief Executive Officer of the…
Alhaji Collins Dauda, Minister of Lands, Forestry and Mines, on Tuesday urged the management of Precious Minerals Marketing Company (PMMC) to strategize on how to boost the nation's economy through their operations.
"The managemen…
China has foreign reserves of $1,950 billion, the world's highest, Mr Yu Wenzhe, Chinese Ambassador in Ghana, said on Tuesday at a press briefing to highlight China's socio-economic development during the past 60 years.
He said China'…
Mr Emmanuel Atta Twum, the District Chief Executive for Atiwa, has observed that poverty levels in the rural communities could be reduced to an appreciable level if farmers had easy access to credit to boost their production.
He has, …
The Ghana Cocoa Board (COCOBOD) announced on Wednesday that purchases of the 2009 Light Crop cocoa season would cease at the close of business on Thursday, September 24.
It said in a statement issued by the Public Affairs Department …
To be more innovative remains a major challenge for the European Union in its long-term development, Paris-based Organization for Economic Cooperation and Development (OECD) said in a report.
The OECD report, released on Monday, said…
Mr Richard Mosiah Abaaba Allen, a 43-year-old Researcher on Human Behaviour, has embarked on a 500-kilometre walk from Keta to Beyin near Axim in the Western Region.
The walk, which would take Mr Allen to Forts and Castles along the …
The US Federal Reserve on Wednesday decided to leave a key interest rate at a record low in an obvious effort to foster a nascent economy recovery.
Wrapping a two-day meeting, the Federal Open Market Committee said in a statement t…
The Electricity Company of Ghana's (ECG)upgrading and expansion of existing lines and building of new ones have helped to improve electricity supply to residents in most parts of Greater Accra and the Eastern Regions, an official said at t…
The coming Group of 20 (G20) Pittsburgh summit will focus more on long-term global issues, a former U.S. high ranking official told Xinhua in a recent interview.
Compared with the April London summit, the Pittsburgh summit would pay …
Mr Nvalaye Kouroma, Chief Executive Officer Afric Xpress Ghana, an electronic payment solution provider focused on mobile payments, has said the company is taking steps to increase the number of agents across the country to ensure that man…
The Bawjiase Area Rural Bank has been rated the first among the 127 rural banks in the country, according to the "Efficiency Monitoring Unit" of Apex Bank, released in March this year.
At the bank's 19th annual general meeting at the…
Ghana and China are to collaborate for massive exploration of oil that could make Ghana a leading world explorer and hub of the industry in the West African sub-region.
The collaboration is between the Ghana National Petroleum Corpo…
Six months after the London summit, the Group of 20 (G20) leaders will meet again in Pittsburgh of the United States to discuss strategies for tackling the financial crisis and promoting development.
As effective and important platfo…
Ghana and China are to collaborate for massive exploration of oil that could make Ghana a leading world explorer and hub of the industry in the West African sub-region.
The collaboration is between the Ghana National Petroleum Corpo…
The Atiwa Rural Bank at Kwabeng, last year,
posted GHC 109,653 profit as against GHC 94,653 in 2007, representing an increase of 19 percent.
The bank, therefore, proposed a dividend payment of GHp 55 per share as against GHp 50 in …
The Association of Building and Civil Engineering Contractors of Ghana (ABCECG), on Friday accused the government and other contract givers of subtly intimidating local contractors into continuously allowing themselves to be handed a raw d…
Global leaders at the upcoming summit of the Group of 20 (G20) major economies in the U.S. city of Pittsburgh should urge the implementation of a new set of international financial rules, Italian officials and experts have said.
NE…
Ghana would on behalf of Africa partner United Nations World Tourism Organization (UNWTO) to celebrate this year's World Tourism Day, a release from the Ministry of Tourism said on Wednesday.
The day had previously been celebrated in E…
The Ekumfiman Rural Bank in the Mfantseman District of the Central Region, has offered credit facilities to 600 women groups to expand their businesses.
The loans, which ranged from 200 Ghana Cedis to 1,000 Ghana Cedis was meant to r…
Glory Oil Company Limited on Thursday said it was poised to offer more job opportunities for Ghanaians and take up a leadership role in the nation's oil industry.
Mr Constantine Bansah, Business Development and Research Manager of th…
The main index of the Ghana Stock Exchange (GSE), the All-Share Index, continues its downward slip on Thursday, losing 19.03 points at 6,445.25 points from 6,464.28 points.
Change for the year closed the session at -38.21 per cent.
…
In preparation for the 2010 FIFA World Cup, the MTN Group has contracted a South African-based network optimization firm, Arieso, to implement a major expansion project worth about US$676 million.
This is to ensure a congestion-free …
Some Insurance experts have observed that low patronage, limited knowledge, as well as the lack of confidence in the Insurance business are negative factors that stifle the growth of the Ghanaian industry.
Others, according to …
The main index of the Ghana Stock Exchange (GSE), the All-Share Index, ended a poor run this week down on Friday, losing 3.43 points at 6,441.83 points from 6,445.25 points.
Change for the year closed the session at -38.25 per cent.
…
President John Evans Atta Mills on Wednesday launched a new National Pension Scheme that would cater for 85 per cent of workers in the informal sector, and enable workers' contributions to be used as collateral for home mortgaging.
…
The main index of the Ghana Stock Exchange (GSE), the All-Share Index, fell for the third successive trading day on Wednesday, going down by 13.42 points at 6,464.28 points from 6,477.70 points.
Change for the year closed the session…
Researchers say the Government's efforts at reducing poverty in the country especially in the rural areas could be given a boost if apiculture or beekeeping were taken as a serious venture.
Not many people know that honey, which is…
The National Labour Commission (NLC) would on Wednesday, September 16, give judgement on whether the management of Vodafone Ghana violated the labour law in issuing letters to employees earmarked for compulsory redundancy.
The Manage…
That agriculture is the mainstay of Ghana's economy and that about 60 per of the population is engaged in it, makes one wonder why it cannot form the industrialization base of the country, where factories are fed with raw materials on a su…
Home Finance Company (HFC) Bank on Tuesday opened a new branch of the Bank at Kasoa in the Central Region to tap into the town's emerging economic and financial markets.
Mr. Asare Akuffo, Managing Director of the Bank, said the HFC K…
Vodafone Ghana, has announced a reduction in the installation charge of its fixed broadband service from GHc90 to GHc55, a statement copied to the GNA said.
The reduction, which started from September 11, 2009, would last for a perio…
An Internal Audit Manual aimed at enhancing financial management in Metropolitan, Municipal and District Assemblies was launched in Accra on Tuesday.
Issued by the Internal Audit Agency and the Ministry of Local Government and Rural …
Between the months of August and March thousands of different species of marine turtles come to lay their eggs along the about 70 kilometre stretch of the coast of Eastern and Western Nzema (Jomoro) Districts in the Western Region of Ghana…
British Prime Minister Gordon Brown and French President Nicolas Sarkozy declared Tuesday that effective measures must be taken on financial supervision at the upcoming G20 summit, especially a policy for curbing bankers' bonuses.
Sa…
Nearly 100 central bankers and other financial policymakers gathered in Nairobi on Monday for the official launch of the Alliance for Financial Inclusion (AFI), a coalition of countries from the developing world committed to making savings…
Reverend John Buabeng, head of the Value Added Tax (VAT) Service Taskforce has tasked traders, who import goods into the country, to supply their tax identification number to the Customs, Excise and Preventive Service (CEPS) or have their …
The Enyan Denkyira Rural Bank made a profit of GHC96,268, after taxation, in 2008 as against GHC49,152 in 2007.
The chairman of the Board of Directors of the Bank, Mr W. P. Bray, made this known to shareholders, at the 27th Annual Ge…
The National Chairman of the Communications Workers Union (CWU) and other union leaders at Vodafone, are among the 950 Vodafone employees caught in the compulsory redundancy web, a union leader told the GNA on Monday.
Mr Emmanuel Dak…
A new private sector development strategy is to be rolled out by the end of the year, to stimulate the country's trade and export competitiveness, Trade and Industry Minister Ms Hannah Tetteh announced on Monday.
Speaking at a roundt…
A top anti-normalization committee, comprised of opposition parties and professional associations, urged the Jordanian government on Sunday to stop exporting olive to Israel.
The committee slammed the government's approval of exporti…
The main lesson from the financial crisis is that the economic problems that the world now faces will always in future be global problems and the solutions will have to be global, said Andrew Cahn, CEO of UK Trade and Investment.
He …
Indonesia is eyeing new markets for its crude palm oil (CPO) as its export to European market is likely to be halted in the next several years due to the region's new criteria related the commodity, the Kompas daily quoted an official as s…
A book titled "Customs Valuation and the Harmonized System Code" was on Friday launched in Tema.
The 104-page book, whose three chapters touch on Customs Valuation, the General Agreement on Tariffs and Trade (GATT) Code, and the Harmoniz…
Chevron Australia announced Monday its joint venture partners ExxonMobil and Shell had approved final investment in the massive Gorgon liquefied natural gas project in Western Australia (WA).
The Gorgon gas fields, off the northwest …
The Ghana Stock Exchange (GSE) ended the week higher with all the major indices showing positive gains.
The All-Share Index gained 11.58 points in Friday's trading at 6,502.98 points from Thursday's 6,491.40 points.
Change for …
Accra Metropolitan Assembly (AMA) will from next year automate revenue collection to remove all corrupt practices in revenue mobilisation.
At its sitting on Friday, the assembly unanimously endorsed an agreement with Electronic Bill…
The Acting Senior Manager of Corporate Communication of MTN Ghana, Ms Efua Falconar, said the extension of MTN facilities to the rural areas of Ghana had stimulated productivity, increased trade, created wealth and enhanced social welfare …
info@businessghana.com
