The South Korean government announced to promote further deregulation in the nation's broadcasting, telecom and service industry in a bid to spur economic growth and enhance corporate competitiveness, the Korea Herald reported Friday. …
Wall Street rallied Thursday as news the U.S. government is considering a more comprehensive solution to the financial crisis.Reports said that Treasury Secretary Henry Paulson is considering the formation of a vehicle like the Resolution …
Crude oil ended higher after fluctuating sharply Thursday as the market was lifted by the U.S. government plan to save the financial system.
Light, sweet crude for October delivery rose 72 cents to settle at 97.88 U.S. dollars a bar…
Crude prices surged Friday afterthe U.S. government said it was working on a comprehensive plan torescue the banking system.
The U.S. Treasury, the Federal Reserve and congressional leaders said late Thursday they were putting togeth…
Vice President Alhaji Aliu Mahama, on Friday warned that Ghana could slip into the anarchy associated with some oil producing countries like Nigeria, if there is lack of transparency and accountability in the handling of the revenue expect…
Mr. Felix Owusu Agyepong, Minister of Energy on
Friday said the ministry would soon go into partnership with the Kwame Nkrumah University of Science and Technology (KNUST) to train people in
manpower for the emerging oil economy.
…
Awulae Annor Adjaye III, Paramount Chief of Western Nzema Traditional Area, has called Government to encourage investment in the entire Western Nzema District in the wake of the oil find.
He, together with his people, has welcomed th…
The Ministry of Finance is to hold the first ever Financial Literacy Week from September 22 to 28 to raise awareness and enhance understanding of the public of the range of products and services being offered by financial institutions.
…
Africa's export performance have not improved despite the removal of trade barriers, the 2008 United Nations Conference on Trade and Development report on Economic Development has said.
Titled; "Export Performance Following Trade Lib…
The President of the African Development Bank
Donald Kaberuka has welcomed the conclusion of the Agreement in Zimbabwe.
The President said this is a major breakthrough in the light of the dire economic situation in Zimbabwe which has bro…
Georgian President Mikheil Saakashvili on Tuesday restated the country's aspiration to join NATO but admitted his country still has much to do before it will be accepted into the alliance.
Saakashvili delivered his annual state of th…
European Union (EU) finance ministers concluded their informal meeting (ECOFIN) here Saturday after producing four pillar measures to tackle economic slowdown and turmoil in financial markets.
After two-day discussions of the economi…
A newly-released UN report said that corruption in the Asia-Pacific region has the biggest impact on poor people who rely on public services and the natural environment to survive, Lao newspaper Vientiane Times reported Friday.
The A…
Zambian government has constituted a team to study the tax structure for fuel products because it is the major contributing factor to prevailing high fuel prices in the country, Time of Zambia reported on Friday.
The Government would…
The first China-Central America Trade Cooperation Forum was inaugurated here on Thursday, attended by a Chinese entrepreneurs delegation and over 200 officials and experts from Central American countries.
Some participants including …
A two-day seminar aimed at linking businesses in the informal sector to the formal sector opened in Koforidua on Wednesday.
It was organised by the Ghana Employers Association (GEA) and the Business Suppliers Programme Service with f…
Russia introduced to the UN Security Council on Tuesday a draft resolution that calls for an arms
embargo against Georgia.
"Georgia has been arming very aggressively in the past few years," Russia's UN Ambassador Vitaly Churkin told…
The GSE-All Share Index, the benchmark measure of performance of the Accra bourse, inched up by 1.31 points to close at 10,839.58 points.
The change year to date now stands at 64.24 per cent.
Traded volumes rose to close the …
In a couple of months Ghana Telecom/Vodafone would hold a "big red party" and stamp their red brand colour on the country.
Captain Albert B. Don-Chebe, Head of Corporate Communications of GT/Vodafone, told journalists that, "in a cou…
The Benso and Twifo Oil Palm Plantations (BOPP/TOPP) have jointly acquired a locally manufactured Palm Bunch Shredder.
Speaking during the test run of the machine in Accra on Friday, Neneyo Mate Kole, Managing Director of the compani…
Dr. Ngozi Okonjo-Iweala, Managing Director of the World Bank, on Friday called for a totally different approach towards looking for jobs in Africa and said it was time people looked at non-traditional jobs as good jobs and develop them.
…
Two Information Technology infrastructure to facilitate coordination and exchange of data with government, public institutions and other sectors was launched in Accra on Friday to improve
public sector service delivery.
Government …
Ghana and the United Kingdom (UK) on Wednesday signed an agreement under which the UK would deliver 250 million pounds grant to Ghana between 2008 and 2010.
The grant formed part of the 10-year partnership arrangement which resulted f…
Ghana and Switzerland on Wednesday signed two financing agreements totalling 13 million dollars to improve energy distribution and promote good financial governance.
The agreements were signed by Dr Anthony Akoto Osei, Minister of St…
The Liberian President Ellen Johnson Sirleaf arrived in Accra on Thursday to attend the closing ceremony of the Third High Level Forum on Aid Effectiveness.
President Johnson Sirleaf was met on arrival by Senior Government officials …
As part of its commitment to the development of the nation and local organizations, Mobile Telecommunication Network, (MTN) Ghana, has contracted Checkpoint Ghana Limited, a security printing and business forms manufacturing company, to pr…
Mr. Isaac Mensah, National Democratic Congress (NDC) parliamentary candidate for Okaikoi South Constituency has said Ghanaians should expect more hardship ahead if they make the mistake to vote to retain the New Patriotic Party (NPP) in of…
President John Agyekum Kufour would be joined by scores of supporters of the New Patriotic Party (NPP), on Sunday, September 7, as he launches his personal campaign at Abuakwa in the Atwima-Nwabiagya District of Ashanti, to boost the chanc…
The United Nations Development Group on Monday called on development partners to increase and accelerate their efforts to make aid more effective.
This was during the opening of the Third High-Level Conference on Aid Effectiveness i…
Transparency International, a global watchdog on anti-corruption, on Tuesday warned that all the efforts at ensuring aid effectiveness would be fruitless if measures were not put in place to tackle corruption effectively.
It reminded…
Daasebre Osei-Bonsu II, Paramount Chief of the Asante Mampong Traditional area, has called for the institution of an effective regulatory body to look at the activities of Land Planners.
He said the lack of effective supervision and …
Despite systematic growth since 2001, Ghana's economy is still vulnerable and open to the vagaries of external factors, Professor Ernest Aryeetey, Director of Institute of Statistical, Social and Economic Research (ISSER) said on Monday.
…
More than $8 billion of aid is needed yearly to supplement Africa's spending on education to improve quality and enhance access, the UN Educational, Scientific and Cultural Organisation (UNESCO) said on Monday.
Currently, about $1.5 b…
Mr Lawrence Adu-Mante, Managing Director, Ghana Commercial Bank (GCB), has appealed to the government to direct more businesses through GCB to build capacity that will enhance investment.
"We have ventured in the areas of the country…
Ghana would have an extra 230 megawatts of electric power added to the national electricity grid in the next two to three years when Sino Hydro Corporation of China completes the construction of four dams in the Central and Western regions…
The Accra High Level Forum on Aid Effectiveness Conference opened on Tuesday with key speakers stressing the need for urgency and commitment in moving the aid discussion forward.
"There is the need to move forward with a new sense of…
The Dutch Government on Tuesday outlined initiatives to support the development of a sustainable supply chain for solar lanterns in Ghana.
The project dubbed: "The Green Light for Africa Pilot Project- Affordable Lighting for All" i…
The General Agricultural Workers' Union (GAWU) of the Trades Union Congress (TUC), on Monday attributed the soaring food prices to the inability of the country to give food production the attention it deserved.
Speaking to the Ghana …
The Driver and Vehicle Licensing Authority (DVLA), generated 1.8 million Ghana cedis from its non-core functions, Mr Joe Osei-Owusu, out-going Chief Executive Officer announced at a send off ceremony last Saturday.
The amount more th…
The Third High Level Forum on Aid Effectiveness (HLF) the zenith of two years of unprecedented global consultations on development cooperation, will take place 2-4 September 2008, in Accra.
The forum brings together Presidents and Mi…
German Chancellor, Angela Merkel has pledged her country's resolve to deepen economic relations and ensure continued development support to Ghana.
"Ghana is on a promising road and good example of how development assistance has made …
Mechanical Lloyd Company Limited, an automotive firm on Tuesday inaugurated their new brands of BMW and Ford vehicles at a ceremony in Kumasi.
The vehicles have been tropicalised to suit the African climate conditions and terrain.
…
The GSE-All Share Index, the main measure of the Accra bourse, rose by 45.32 points on Monday to close at 10,763.20 points.
The change year to date now stands at 63.08 per cent.
Traded volumes closed the session stronger at o…
Government said it was committed to reviving the
Ayensu Starch Factory by making it more a sustainable venture that would not rely on raw materials from individual farmers.
Papa Owusu-Ankomah, Minister for Trade, Industry, President…
Stealing of Ghana Telecom cables is on the increase in the Hohoe Municipality with no week passing without reports of such occurrence, the Company has said.
Mr Seth Seglah, Hohoe Municipal Head of the GT, told the Ghana News Agency t…
Ghana Cedi on Thursday continued its depreciation to the dollar, pound and euro pushing up again the Gold Coast Securities (GCS)-Cedi Index by 0.17 points.
It also continued its marginal gain against the CFA.
The Index, the c…
The Chief Executive Officer of the Ghana Shippers Council (GSC ), Mr Kofi Mbiah, on Thursday reiterated the need for importers and exporters in the country to engage reputable clearing and forwarding agents in their businesses to help safe…
Alhaji Mustapha Ali Idris, Northern Regional Minister, on Wednesday inaugurated a 60,000-dollar shea butter factory at Kasalgu, a village near Tamale.
Alhaji Idris pledged to ensure a constant supply of electricity to the factory to …
President John Agyekum Kufuor has announced an increase in funds for the Ghana Cocoa Board (COCOBOD) Scholarship Scheme from 1.5 million GH Cedis to two million GH Cedis to widen the circle of beneficiaries.
The scheme instituted for…
The United Nations called on international donors to provide 58.6 million U.S. dollars to help victims affected by the recent conflict in Georgia.
The funding will be used to meet the needs for the next six months of almost 130,000 p…