India's proposal to regulate banks instead of imposing a tax to fund future bailouts was "by and large accepted" at the recently concluded meeting of G-20 Finance Ministers in South Korea.
Finance Minister Pranab Mukherjee, who retu…
A section of the employees of automaker Hyundai Motor India Ltd (HMIL) Monday went on a flash strike at its manufacturing plant in Sriperumbudur, near here, demanding the reinstatement of over 60 colleagues dismissed last year.
"Pro…
As part of their entry into the wireless telecom industry leading corporate major Videocon has
launched GSM-mobile-services in south Indian state Kerala.
Apart from an investment of Rs 200-250 crore which has already been done, the…
The Public Utilities Regulatory Commission (PURC) has reiterated that it undertook thorough analysis of the proposals submitted by the utility providers before arriving at the final tariffs.
It said it took into account the social co…
As the country moves to brace up with the global challenges occasioned by the increasing sophistication of financial intermediation and asset securitization, there was the need for emergence of a company that could deliver high quality ser…
Recognising its growing stature in the global economic order, the OECD grouping of mostly rich
nations is making efforts to induct India as a member.
The 31-member Organisation for Economic Cooperation and Development (OECD), which…
Upbeat on the growing Indian market, global tyre major Michelin may consider setting up a second plant in the country by 2013-14.
The company, which is currently in the process of setting up its plant at Chennai in Tamil Nadu with a…
Airlines in Asia-Pacific region improved their financial performance in January-March this year, despite a slump in the passenger traffic growth due to the Icelandic ash crisis that paralysed the European skies.
The latest figures…
India's Apollo Tyres is gearing up to supply tyres to German car maker Volkswagen in Europe as it looks to expand its global footprint.
"Recently we have gone into VW (Volkswagen), supplying tyres for the cars they are launching in …
India's Income Tax department has requested the Finance Ministry to approach the authorities in Switzerland and other tax havens for details of
overseas accounts of "non-residents" who invested in the Indian Premier League.
The ste…
India's national airline Air India on Sunday said it has disbursed Rs 11.29 crore as interim
compensation to 129 families of the victims as well as survivors of the Mangalore plane crash.
Besides, Rs 1.47 crore have been disbursed…
Mr Albert Kan Dapaah, Chairman of the Public Account Committee of Parliament has urged the Controller and Accountant Generals Department, to ensure proper book keeping and accounting principles to restore public confidence in its operation…
The 1st National Bank, an indigenous financial entity, has provided 42 farmers with GH�3,000,000.00 to expand their farms under the Millennium Development Accounts (MIDA) project.
The General Manager, Mr Charles Otoo made this know…
Mr John Awuni, President of Ghana Rice Inter-Professionals (GRIB) has appealed to the Public Utilities and Regulatory Commission (PURC) to review increases in utility tariffs the Commission introduced recently, arguing that the move would …
Millicom Ghana Limited, operators of Tigo mobile network, has opened an ultra modern customer service center in Sunyani to provide excellent services to subscribers.
The Centre, which is located at Sunyani Zongo, opposite the Municip…
A painting which celebrates India's Republic Day was sold at Bonhams in the UK for 120,000 pounds.
In a sale in Modern & Contemporary Middle Eastern & South Asian Art at a packed saleroom, a keen bidding took the 86 lot sale to a fin…
Steel companies such as ArcelorMittal, JSW Steel Limited and Hazira Steel Limited Thursday signed MoUs with the south Indian state Karnataka
Government for investment of more than Rs 1 lakh crore on new projects in the state.
Arcel…
Industrialist Mukesh Ambani on Wednesday hosted South African President Jacob Zuma, amid reports that Anil Ambai group has revived talks for a possible merger deal with African telecom giant MTN.
"Met the P0resident of S.Africa Mr Z…
With significant increase in exports from China, Japan, India and other Asian countries, the global merchandise exports grew by a healthy 27 per cent
in the first three months of the year.
"Global exports rose by 27 per cent (durin…
The government would not turn against the maintenance and production of high quality cocoa, despite the discovery of oil in Ghana.
Mr Samuel Ankomah, Central Regional Cocoa Extension Officer, made this known at separate meetings with…
As the uncertainty over the Eurozone debt crisis looms large, the G-20 finance ministers will hold a crucial two-day meeting in Busan from Friday on ways to tackle high debts in advanced economies so that the contagion can be prevented fro…
Increases choice for passengers travelling between Ghana and the Americas
Today, Delta Air Lines (NYSE:DAL) launches the only nonstop service between Accra’s Kotoka International Airport and Atlanta’s Hartsfield-Jackson International …
The first state to start the lottery in India and have a separate department for it, south Indian state Kerala has witnessed a boom in the lottery
business but there are mixed reactions to it, with some dubbing it as gambling and others a…
Driven by higher prices of pulses, milk and fruits, food inflation rose to 16.55 per cent for the week ended May 22.
Inflation increased by 0.32 percentage point from 16.23 per cent in the previous week, food inflation data released…
The US corporate sector wants the leaders of India and the United States to focus on three sectors - investment, innovation and inclusive growth.
Noting that the Indo-US civilian nuclear deal is a milestone in the relationship between…
Rebuffing the demand by rich nations to take increased responsibility in the Doha trade talks, India Thursday said it cannot open its markets beyond its obligation without reciprocal gains.
"No market access above the level of what …
Bangladeshi exporters have chalked out a plan to get a bigger pie of the Indian market to achieve
an annual USD 1-billion earning target from exports by 2011.
Bangladesh has a tiny share of USD 500 million of the over USD 250-bill…
Ms Hannah Tetteh, Minister of Trade and Industry on Thursday asked investors to see Ghana and other countries in the sub-region as good investment destinations where they could exploit opportunities.
She said the period of conflicts …
Economists expect a strong U.S. jobs report for May but the unemployment rate is expected to ease only slightly.
Friday, the U.S. Labor Department will release May employment data and forecasters expect something north of 500,000 new jobs…
Trade disputes between Brazil and the United States have stalled talks on cotton subsidies and, on a different level, processed Brazilian meat exports to U.S. consumer markets.
The Council on Hemisphere Affairs, which has headquarters in …
A Chinese electronics manufacturer, namely Hisense, is promoting latest technology in the Ethiopian market.
Hisense has supplied modern electronics products of high technology to local customers in the country.
While covering the 3rd Nat…
India and South Africa, the world's leading emerging economies, Thursday launched a new CEOs'
Forum to push their bilateral trade beyond USD 10 billion by 2012 and boost the mutual flow of investment between them.
The forum, launch…
The Copyright Office on Friday said some people have been extorting monies from unsuspecting video and audio compact disc dealers under the pretext of providing them mandate to freely exhibit
copyright works including pirated copyright w…
The management of Prudential Bank Limited (PBL),
on Wednesday opened its 27th branch at Adentan in Accra with an appeal to customers to access its superior banking services by saving with the bank.
Opening the branch, Mrs Mary Brown…
Mr Niels Rasmussen, Transport Director of the West Africa Trade Hub, has said removal of unnecessary checkpoints along West Africa's primary corridors would facilitate movement of goods and people and help reduce the cost of trucking.
…
Vodafone Ghana V-LINK phone booths, deployed in more than 400 senior high schools (SHS), holds the key to the telecommunication link for students who have been banned by the Ghana Education Service (GES) to use mobile phones on campus.
…
The management of Ghana Cocoa Board (COCOBOD) on Wednesday announced that purchases of the 2009/2010 main crop cocoa season would cease at the close of business on Thursday, June 3.
A statement issued in Accra by Mr Anthony Fofie, Ch…
The Controller- Generals Department, on Wednesday revealed that a deficit of revenue over expenditure of 4,066.5 billion cedis was recorded in 2006, while a surplus of 5,167.1 billion cedis captured in the Consolidated Fund for 2005.
…
The following are 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 Thursday, June 3, 2010.
GHANA CEDI EQUIVALENT…
A book that addresses international migration issues from African perspective with extensive empirical evidence and credible statistics, has been launched in Ghana in honour of Dr Kwame
Nkrumah, Africa's illustrious son and Pan Africanis…
The Head of the Horticulture Department of the University for Development Studies, has called on the Government to pay special attention to the sheanut industry to facilitate poverty reduction in the North.
Dr Joshua Adam Yidana, who…
President John Evans Atta Mills on Tuesday sent a strong caution to foreign firms in Ghana, saying that Government would not sit down unconcerned while some of them mete out unfair treatment to Ghanaian workers.
"Government would not…
Cofieco and Huang Limited, an automobile marketing
company, has launched the BYD FO saloon car onto the Ghanaian market to solve the transportation needs of especially low income earners who want to own a vehicle.
The BYD FO is a S…
Addressing Ghana's infrastructure deficit would require a sustained spending of 2.3 billion dollars annually over 10 years, with more than half the amount allied with the power sector alone, according to recent research findings.
The…
The World Bank Group is in the process of developing a global strategy in the palm oil sector through an open and participatory discussion with diverse group of stakeholders to ensure a common approach across the world.
The strategy …
Lufthansa Passenger Airline Group has won this year's top ranking at the World Airline Awards by Skytrax.
Lufthansa and Swiss International Air Lines as well as their respective hub airports in Munich, Germany and Zurich, Switzerland…
The GSE All-Share Index closed Wednesday's session lower by 92.03 points to 7,093.02 points.
Traded volumes closed the session over 1.8 million shares valued at GH�1.02 million.
On the broader market, there were twelve price ch…
The Management of Zain Ghana on Wednesday announced the extension of its "Live Your Dream Promotion" by three more weeks instead of the first week of June.
A statement signed by Mr Henking Adjase, Public Relations Coordinator of the …
The management of Cofieco and Huang Limited, an automobile marketing company in Accra, has launched the BYD FO saloon car onto the Ghanaian market to solve transportation needs of low income earners who want to own a car.
The BYD FO …
The following are 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, June 1, 2010.
GHANA CEDI EQUIVALENT OF…