National Security is to investigate operations of Saltpond Offshore Producing Company Limited (SOPCL) on the management of its storage vessel MT Bonsu, a security operative told Ghana News Agency in an interview in Accra at the weekend.
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Residents of the communities affected by the Bui hydro-electric power project have appealed to the Bui Power Authority (BPA) to train them in economic empowerment to enable them to properly invest the compensation due them.
The resid…
The Public Utility Regulatory Commission (PURC) on Friday announced a hold on the second quarter tariff increases despite upwards changes in some of the key variables that impacted on the operations of the utility service providers.
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Mr Emmanuel Foster Boateng, Brong-Ahafo Regional Director of Community Water and Sanitation Agency (CWAS), has stressed the need for district assemblies to take proper ownership of water and sanitation systems in their communities.
T…
Nine Cooperative Credit Unions in the Techiman Municipality in Brong-Ahafo Region made a total net-profit of GH¢393,994.13 for the 2009/2010 financial year.
This represented 9.53 per cent increase of GH¢234, 538.78 made in the 2008/2…
Congestion at the Koforidua branch of the Ghana
Commercial Bank (GCB) that generates numerous complaints from customers, has compelled management to announce the opening of a new branch soon.
The Ghana News Agency (GNA) investigatio…
World leaders meeting in France on Friday called on Libyan leader Moammar Gadhafi to step down and promised $20 billion in aid to Tunisia and Egypt and possibly billions more for Arab Spring countries that steer a similar reform course.
"…
The number of mobile phone subscribers in China exceeded 900 million last month as more Chinese people consider cell phones a daily necessity, a government report showed Friday.
The Chinese Ministry of Industry and Information Technolo…
Samsung Electronics Co., the world's top memory chip maker, will unload its solar battery business to its affiliate Samsung SDI Co. for 160.8 billion won (US$147.6 million), the companies said Friday, in an apparent bid to revitalize the t…
Internet advertising revenues in the United States surged to 7.3 billion U.S. dollars in the first quarter of 2011, the highest first-quarter revenue level on record for the industry, said a new report released on Thursday.
The numbers al…
Japanese automaker Honda on Thursday announced plans for the accelerated recovery of its auto production in North America, after the March 11 earthquake and tsunami in Japan seriously disrupted auto parts supply.
Honda will increase produ…
Google on Thursday introduced its mobile payments system Google Wallet, bundled with its coupon service Google Offers, planning to bring all parts of the retail experience together on smartphones.
According to Google's official blog, the …
As the race for the top job at the IMF continues, European nations are expected to support a candidate from the region, so as to continue the agency's uninterrupted support to the debt-laden region. But they face challenges from new emergi…
Global demand for major grains, such as maize, rice, and wheat, is projected to increase by nearly 48 per cent from 2000 to 2025 and by 70 per cent between 2000 and 2050.
Per capita meat consumption is expected to increase in many de…
The Ghana National Petroleum Corporation (GNPC), successfully lifted a total of 994,691 barrels of Jubilee crude oil from the FPSO Kwame Nkrumah using a Belgian flagged vessel MT “FELICITY”.
The GNPC lifted the crude oil on behalf of…
Tullow Oil on Thursday announced that it had entered into a conditional agreement to acquire the interest of EO Group Limited (EO), consisting of its entire interests offshore Ghana, for a combined share and cash consideration of $305 mill…
Government is to release stock-piles of maize to help ease the current high price of the commodity on the market, Chief Executive Officer of National Food Buffer Stock Company (NAFCO), Eric Osei-Owusu said in Accra on Thursday.
Addre…
OLAM Ghana Limited, a licensed cocoa buying company (LBC), as part of its contribution towards the strengthening of cocoa extension services to farmers, has presented nine motorbikes valued at GH¢35,000.00 to the Ghana Cocoa Board (COCOBOD…
A sod-cutting ceremony was performed on Thursday, for the construction of an ultra-modern three storey regional office of the Ghana Audit Service in Tamale.
The office complex would serve the Northern sector of the country, at the co…
World-renowned economic experts from home and abroad will gather in Seoul this week to discuss the direction of macroeconomic policy for the world economy following the post-crisis era, a state-run think tank here said Thursday.
They w…
South Korea will host the inaugural meeting next week of an economic forum aimed at boosting its multilateral cooperation with China and Japan and urging the countries' governments to sign a three-way free trade agreement (FTA), hosts of t…
South Korea's leading automaker Hyundai Motor Co. and its affiliate Kia Motors Corp. are expected to register their largest-ever market share in the U.S. in May amid setbacks suffered by their rivals in quake-hit Japan, an industry report …
President Lee Myung-bak on Thursday urged companies, especially market-dominant players, to set commodity prices in a transparent way, saying that prices often do not correctly reflect the market's supply-demand situation.
"It is impor…
The emerging economies of India, China and Brazil are leading the global economic recovery, according to a UN report released on Wednesday.
"The rebound has been led by the large emerging economies in Asia and Latin America, particula…
Japanese auto giant Honda Thursday said it will set up a third two-wheeler manufacturing facility in India at Narsapuram, in southern Indian state Karnataka, with an installed annual capacity of 12 lakh units by 2013.
The company, whi…
The Ajumako-Bisease Catholic Parish Cooperative Credit Union (CUA) has declared a total liability of GH¢97,526.40 for the year-ending, 30 June, 2010 as against GH¢58,909.28 in 2009.
The union, which was started in March, 2006 with 67…
The newly inaugurated Biakoye District, accumulated a net amount of GH¢1.548 million as its share of the District Assemblies Common Fund (DACF) between 2008 and the third quarter of 2010.
A total of GH¢1.411 million was deducted at s…
The following is 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 Friday, May 27, 2011.
GHANA CEDI EQUIVALENT OF CUR…
As Millions Mark Africa Day, World Bank Vice President Points Investors to Africas Endless Possibilities WASHINGTON, May 25, 2011 Africa offers endless possibilities to investors, the World Bank said Wednesday. Investors going into…
The Yemeni aviation authorities on Wednesday closed the International Sanaa Airport, suspending all departing flights and diverting incoming planes to other airports due to the intensification of street clashes between government forces an…
The National Youth Organiser of the National Democratic Congress (NDC), Mr Ludwig Akpene Hlodze, has asked investors on the African continent to cede at least 35 per cent of shares in their businesses to indigenous African entrepreneurs.
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A meat shop constructed by the Techiman Municipal Assembly at the cost of GHC75,000.00 for butchers at the main Municipal market was on Tuesday inaugurated by Vice President John Dramani Mahama.
The shop, funded by the District Devel…
The Gushegu District Assembly has undertaken over 71 projects in the areas of education, health, roads.
Thirty-nine of such projects have been completed while the remaining are at various stages of completion including an ongoing Heal…
Ghana realized Euro 11,076,250 from the export of 33,330 cubic metres of wood products in March 2011.
This was contained in a report on Export of Wood Products in March 2011, released by the Timber Industry Development Division (TIDD…
Tullow Ghana Limited has pledged to support the modernization of the National Archives to help preserve the country’s heritage.
Mr Gayheart Edem Mensah, the Communications Manager of Tullow, said it was largely due to the operations…
The Ministry of Energy has advanced a stimulus package for selected community and rural banks to provide loans and subsidies to remote rural households to facilitate the purchase of solar home systems and lanterns.
The solar systems …
The National Labour Commission (NLC) has warned that it is unlawful for an employer to terminate the employment of a woman due to pregnancy.
It has also warned employers, who prescribe a period of completed service as a condition for…
A Ghanaian, Mr. Charles O. Boamah, has been appointed as a Vice President of the African Development Bank Group, a statement issued in Accra on Tuesday said.
It said as a member of the senior management team, Mr. Boamah had the prim…
The Ghana Revenue Authority (GRA) has taken over completely the responsibilities of the erstwhile Customs, Excise and Preventive Service (CEPS), Internal Revenue Service (IRS), Value Added Tax Service (VATS) and Revenue Agencies Governing …
The incessant crave for imported second clothing, coupled with the yearn for anything foreign, is collapsing the local textiles industry, Mr Foli Kuma, Western Regional Director of the Ministry of Trade and Industry has said.
Other s…
The Committee for the Defence of Ghana Interests (CDG), a civil society organisation has traded a number of allegations against Speed House Ghana House Ghana Limited, a crude oil company and has called for investigations.
A statemen…
Members of the Unit Committees have been cautioned not to meddle in chieftaincy matters but to concentrate on their core business of helping to bring progress to their communities.
Mr De-graft Fokuo, District Chief Executive (DCE) fo…
A survey conducted on China-Ghana Investment Relations has recommended an increased supervision of Chinese enterprises to ensure they operated within the licences issued to them.
Most Chinese enterprises, registered as manufacturers,…
The 25-member Ghanaian Panel on Economic Development on Tuesday held its maiden meeting in Accra to begin a process of national dialogue on the structural transformation of the economy.
The group, put together by the Friedrich-Ebert-…
U.S. investigators say 128 employees of the Internal Revenue Service fraudulently claimed an $8,000 first-time home buyer tax credit for 2008 and 2009.
The investigators said the employees claimed the credit under the economic stimulus pr…
Some Scottish districts have banned stores from selling English translations of Israeli books and called for a boycott of Israeli products, officials said.
In response to the anti-Israeli measures, Ron Prosor, Israel's ambassador to Brita…
South Korea's short-term external debt in the first quarter rose to $146.7 billion, up $11.7 billion from the previous quarter, the central bank said Tuesday.
The increase, highest in two years, resulted from local branches of foreign ban…
Crude oil prices rose above $99 per barrel in New York Tuesday morning after commodities analysts said supplies would remain tight through the end of the year.
Goldman Sachs analysts said a continued supply disruption of oil from Libya wo…
Foxconn announced it had suspended production at a southwest China plant where Apple's iPad2 is made, following an explosion that killed three workers.
The weekend explosion at the plant in Chengdu city in Sichuan province injured more th…
The expected loss of a major contract with the Reserve Bank of India has forced the world's largest bank note printer DeLaRue to cut jobs, merge divisions and shake up its supply chain in a bid to return to financial health.
Hampshi…