MTN Ghana says it is confident of maintaining all of its nine million customers and winning more
customers from other networks, when Mobile Number Portability (MNP) takes off from July 1, 2011.
Acting Chief Marketing Officer (CMO) o…
Turkey President Abdullah Gul, on arrival in Accra, Ghana, for a two-day official visit, has commended Ghana as a leader in efforts to open a new page for Africa.
President Gul said Ghana is very prominent in Africa for its practice …
The Executives of the Ngleshie-Amanfro-Kasoa (NAK) Poultry, Livestock and Crop Farmers Co-operative has called on the government to give them financial and technical assistance to enable members to produce poultry products at relatively ch…
A report funded by the UK Department for International Development (DFID) on remittances from UK to Ghana has revealed that despite the growth in payments, the system used to send
the money is far from perfect.
Ghana and the UK have…
The United Nation’s World Tourism Organisation (UNWTO) Secretary General, Taleb Rifai has pledged technical and financial support for tourism development in Ghana.
The support will focus on gender empowerment in tourism and technica…
The Minister of Tourism, Ms Akua Sena Dansua, has identified the prevailing good governance environment, economic and political stability, as some of the catalysts making Ghana a preferred tourism and investment destination.
The othe…
Ghana Revenue Authority (GRA) will strictly enforce the 15% gifts tax rate on any gift valued at GHc50 and above, Mrs Freda Badger, Takoradi District Manager, Internal Revenue Service (IRS) of GRA, said on Wednesday.
She said the am…
The Ghana Revenue Authority (GRA) has said business operators with threshold of less than GH¢90,000 in a year would attract a flat VAT rate of 3 percent due to the amendment of the VAT Act 810.
In this regard retailers, wholesalers, …
Dr Kofi Amoah, Chief Executive Officer of Progeny Ventures, on Tuesday called on Africa governments to put their under-utilised resources together to build sustainable economy and reduce dependence on aid.
He said Africa must learn …
Snapping a 3-day falling streak, the Bombay Stock Exchnage Sensex Tuesday gained about 149 points to close over 17,988 on buying in fundamentally strong stocks at lower levels amid firm global cues, despite rising oil prices.
The Bo…
A five-year-old Indian boy has become a millionaire overnight after winning a lottery at a national bond draw here.
Ebrahim Fahimuddin Shaikh became the second millionaire in the year when the February draw of National Bonds Corporati…
In a bid to provide relief from high inflation, the Indian government Tuesday increased dearness allowance (DA) by 6 per cent to 51 per cent,
benefiting over 50 lakh central government employees and 38 lakh pensioners.
"The decisio…
Bhutan, which has constantly won India's support in its pursuit to achieve high Gross National Happiness, is now looking at its neighbour for an increased flow of tourists to give a boost to its economy.
"India is a very close neigh…
The Indian rupee strengthened by 3 paise to Rs 44.98 per dollar at the Interbank Foreign Exchange Tuesday, supported by a higher opening in the stock market and dollar weakness against other currencies.
The rupee had appreciated by …
The Bombay Stock Exchange benchmark Sensex in India recovered by over 100 points in opening trade Tuesday after three straight days of losses, in tandem with a firming trend on other Asian bourses.
The 30-share barometer, which lost…
Government must take advantage of the stable macroeconomic environment to close the infrastructural gap for accelerated development, Mr Kwame Pianim, an economist, said on Tuesday.
Speaking at the maiden breakfast meeting of the Canadi…
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, March 22, 2011.
GHANA CEDI EQUIVALENT OF …
The Sunbawiera Sheanuts Producers Association at Kperisi in the Wa Municipality has urged the government to help introduce sheabutter producers to foreign markets to gain better prices for their produce.
The Association said they wer…
Cashew farmers at Asuoso in the Nkoranza South District of the Brong Ahafo Region have become
increasingly worried about the activities of a syndicate of young men that raid their farms and steal their nuts in the night.
Efforts mad…
The process of reinforcing new reactors to enable them to better withstand massive tremors will raise design costs by at least 100 billion won, a state-run nuclear power company said Friday.
The Korea Hydro & Nuclear Power Co. …
Europe's air traffic control organization said Friday that Libya has closed its airspace to all
traffic.
"The latest information from Malta indicates that Tripoli (air control center) does not accept traffic," said the Eurocontro…
Terming stamp duties as a "big obstacle" in ensuring transparent transactions in real estate, India's Prime Minister Manmohan Singh today batted for reducing such levies to check the flow of black money in the sector.
"I think as fa…
India has asked the United States to address its concerns with regard to the H-1B and L1 visas.
"We have made it amply clear that they have to do something tangible now, because it can’t carry on in terms of assurances. If this does…
Both the precious metals, gold and silver, continued their losing streak for the third straight day Thursday due to a weak global trend. While gold fell by Rs 50 to Rs 20,750 per 10 grams, silver declined by Rs 500 to Rs 52,000 per kg.
…
India seemed to have plunged into a political crisis as its parliament was Thursday adjourned following ruckus after the country's opposition parties demanded the ruling United Progressive Alliance government's immediate resignation.
This…
Canada would provide financial assistance to create opportunities for Egyptian youth, Canadian Minister of Foreign Affairs Lawrence Cannon announced Wednesday.
Concluding a one-day visit to Cairo, Cannon said it was clear that providing j…
Ghana and four development partners on Wednesday signed a memorandum of Understanding to provide the nation’s public financial management system with a $60 million grant over the next four years towards improved management of public financ…
Dr Kodzo Alabo, Director, Africa and Regional Integration Bureau, Ministry of Foreign Affairs, on Wednesday urged the business community to take advantage of the numerous benefits under the ECOWAS Trade Liberalization Scheme (ETLS) to expa…
President John Evans Atta Mills on Tuesday underlined the need for African nations to compare notes as they work to diversify their economies and reduce poverty.
He said only a strong co-operation could fast-track the diversification…
Offshore West Africa, the premier and best technical conference and exhibition for offshore industry within the West African Sub-Region, begins in Accra on Tuesday.
Supported by the Ghana National Petroleum Corporation (GNPC), Offsho…
Media General Ghana Limited, a wholly Ghanaian owned company has acquired 90 per cent equity interest in TV3 Network Limited (TV3), the leading private commercial television station in the country.
With the equity interest, TV3 is no…
Mr. Paul Victor Obeng,Chairman of the National Development Planning Commission on Friday commended management of the Ahafo Project of Newmont Ghana Gold Limited at Kenyasi in the Asutifi District for the measures initiated to ensure safety…
The 48th annual gems fair opened in Myanmar's new capital of Nay Pyi Taw on Thursday.
First Secretary of the State Peace and Development Council (SPDC) Thiha Thura U Tin Aung Myint Oo inaugurated the event at the Mani
Yadana Jade Hall.
…
South Korean President Lee Myung-bak on Thursday threw his weight behind focusing the nation's attention on inflation rather than growth.
"We have growth and inflation to worry about this year, but we have no choice but to pay greater att…
The pressure on world oil prices has led to record costs for fuel in Britain, raising concerns that household incomes could be hit significantly and the government may
have to change its policies.
The average price of petrol in Britain h…
The U.S. Treasury on Wednesday told Congress the Department of Defense (DoD) faces serious financial
reporting issues and is taking measures to resolve its accounting and audit weaknesses.
Speaking before a subcommittee of the House Comm…
UN Secretary-General Ban Ki-moon "has instructed senior managers to prepare a budget with a 3
percent reduction as compared with the previous budget," UN spokesman Martin Nesirky said here Wednesday.
The reduction would save 5.4 billion …
European Aeronautic, Defense and Space Corporation (EADS), the parent company of Airbus, announced Wednesday a 7-percent increase in overall revenue in 2010, returning to profit thanks to improved global market after a loss of 763 million …
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, March 10, 2011.
GHANA CEDI EQUIVALENT OF CURRENCY…
Dr Joseph Annan, the Deputy Minister of Trade, on Thursday said the Ayensu Starch Company would restart production within the second quarter of 2011.
The factory, which started production in 2003, stopped operating in 2006 mainly bec…
The Techiman Municipal Assembly has scored 96 per cent in the Functional Organisational Assessment Tool (FOAT)exercise under the Ministry of Local Government and Rural Development.
The assessment processes centred on human resource m…
WATS Limited Ghana, a Rana Motors Group Company, is expanding the network of the world acclaimed vehicle servicing concept, VULCO, in efforts to promote safety and prevent accidents on the roads.
Ghana is the first of 13 countries in…
Nandimobile Limited, a technology start-up company, co-founded by three graduates of Meltwater Entrepreneurial School of Technology (MEST), in Accra, has been granted the “Best Business” award at the LAUNCH Conference in San Francisco.
…
China's fast population aging will likely work to reduce price competitiveness of South Korean firms and lead to a buildup in inflationary pressure here, a report said Tuesday.
According to the report by the Samsung Economic Research I…
South Korea deferred a decision on whether to ban its citizens from visiting Libya due to concern that the move overly restricts people's right to travel freely and could hurt the country's business interests in the North African nation, a…
The 20 biggest university libraries in South Korea are dwarfed by their Western counterparts in terms of book possession at libraries, a study showed Tuesday.
According to the Korea Education and Research Information Service (KERIS), l…
A parliamentary committee on Tuesday decided to put off its discussions on a ratification motion for South Korea's free trade agreement (FTA) with the European Union until April, chief committee members said, as opposition members called f…
All neon signs and outdoor lights were turned off in Seoul's major business and entertainment districts in the early hours of Tuesday as government restrictions on nighttime lighting were enforced nationwide to cope with rising oil prices.…
The U.N. children's fund, UNICEF, said this week it received as of October last year only a fifth of the funding it had needed in 2010 to feed children and women in North Korea.
In its 2010 "Humanitarian Action Report," UNICEF had said…
China is seeking to create an additional 45 million jobs over the next five years in a bid to reduce the country's growing income gap, a government report said Tuesday.
According to the draft of China's new five-year economic plan, the…
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