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.
…
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…
Paris-based think tank OECD Wednesday pegged India's growth at 8.5 per cent for the current fiscal, indicating that economic expansion would be slower.
The Organisation for Economic Cooperation and Development (OECD) has projected t…
Skirting the issue of the choice of a new Managing Director of IMF, Prime Minister Manmohan Singh Wednesday said the developing countries should be together in the attempt to reform the global financial institutions.
"I am not ver…
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 Tuesday, May 24, 2011.
GHANA CEDI EQUIVALENT OF CU…
Nana Addo Dankwa Akufo-Addo, Flagbearer of the main opposition New Patriotic Party (NPP) at the weekend congratulated cocoa farmers for the record harvest during this year’s cocoa season.
"For this cocoa season, Ghanaian cocoa farmer…
The Ghana Institute of Freight Forwarders (GIFF) has observed that the proposed abolishment of Customs Bonded Warehousing (CBW) was a disincentive to trade.
Making the observation, at a media briefing in Tema, GIFF reminded governmen…
Mr Seth Terkpeh, Deputy Minister of Finance said the Bank of Ghana has put in place strong regulatory and supervisory framework to ensure that the financial sector remains robust.
The measure also aims at maintaining standards to pro…
Azumah Resources Limited, a gold exploration company operating in the Upper West Region, is implementing a project to train and provide skills for women farmers in ‘Permaculture’ to enhance their livelihoods.
Azumah Resources is su…
The Fiaseman Rural Bank has been ranked as one of the strongest eight out of the 133 Rural and Community Banks in Ghana.
The grading, which came from the Efficiency Monitoring Unit (EMU), of Apex Bank Limited, was published in the 201…
The Fiaseman Rural Bank made a profit before tax of GH¢672,823.78 compared to GH¢331,593.28 in 2009, representing a growth of 103 per cent.
As a result of this success, the board of directors of the bank has recommended that GH¢142,5…
It would take 95 days for the U.S. economy to lose its growth this year if the federal debt limit is not raised, The Wall Street Journal reported Saturday.
In Washington, Republican lawmakers have threatened to vote no on raising the debt…
Nana Addo Dankwa Akufo-Addo, Flagbearer of the main opposition New Patriotic Party (NPP) at the weekend congratulated cocoa farmers for the record harvest during this year’s cocoa season.
"For this cocoa season, Ghanaian cocoa farmer…
The Ghana Institute of Freight Forwarders (GIFF) has observed that the proposed abolishment of Customs Bonded Warehousing (CBW) was a disincentive to trade.
Making the observation, at a media briefing in Tema, GIFF reminded governmen…
Mr Seth Terkpeh, Deputy Minister of Finance said the Bank of Ghana has put in place strong regulatory and supervisory framework to ensure that the financial sector remains robust.
The measure also aims at maintaining standards to pro…
Azumah Resources Limited, a gold exploration company operating in the Upper West Region, is implementing a project to train and provide skills for women farmers in ‘Permaculture’ to enhance their livelihoods.
Azumah Resources is su…
The Fiaseman Rural Bank has been ranked as one of the strongest eight out of the 133 Rural and Community Banks in Ghana.
The grading, which came from the Efficiency Monitoring Unit (EMU), of Apex Bank Limited, was published in the 201…
The Fiaseman Rural Bank made a profit before tax of GH¢672,823.78 compared to GH¢331,593.28 in 2009, representing a growth of 103 per cent.
As a result of this success, the board of directors of the bank has recommended that GH¢142,5…
It would take 95 days for the U.S. economy to lose its growth this year if the federal debt limit is not raised, The Wall Street Journal reported Saturday.
In Washington, Republican lawmakers have threatened to vote no on raising the debt…
The Group of 20 have agreed the next head of the
International Monetary Fund should be chosen on merit, the Turkish ambassador to the Europe Union said.
"The EU has a very heavy weight and so has the United States. But emerging economies…
Soft drinks major Hindustan oca-Cola Beverages has been ordered by a Delhi court to pay a
sum of Rs 7,000 as compensation to a businessman who found a dead fly inside a sealed Limca bottle.
"It stands satisfactorily proved that t…
A rare honour, Bharti Group chief Sunil Mittal has been invited to the first-ever meet on Internet to be held under the purview of Group of Eight (G-8) industrialised nations later this month in France.
Mittal has received the invit…
Samsung Electronics Co. retained its No. 1 spot in
terms of global market share of flat-panel TV sales during the first quarter of this year, a report showed Sunday.
According to the report by market research firm DisplaySearch, Samsu…
The Group of 20 have agreed the next head of the
International Monetary Fund should be chosen on merit, the Turkish ambassador to the Europe Union said.
"The EU has a very heavy weight and so has the United States. But emerging economies…
Soft drinks major Hindustan oca-Cola Beverages has been ordered by a Delhi court to pay a
sum of Rs 7,000 as compensation to a businessman who found a dead fly inside a sealed Limca bottle.
"It stands satisfactorily proved that t…
A rare honour, Bharti Group chief Sunil Mittal has been invited to the first-ever meet on Internet to be held under the purview of Group of Eight (G-8) industrialised nations later this month in France.
Mittal has received the invit…
Samsung Electronics Co. retained its No. 1 spot in
terms of global market share of flat-panel TV sales during the first quarter of this year, a report showed Sunday.
According to the report by market research firm DisplaySearch, Samsu…
The Association of Oil Marketing Companies of Ghana (AOMC) on Saturday initiated an industrial campaign to review the status of safety awareness on the management of petroleum products to avert accidents.
Mr Kwaku Agyemang Duah, AOMC…