The national electronic payment system, the e-zwich, has moved to another phase with a roll out of its services to cover rural banks, Ghana Interbank Payment and Settlement Systems, (GhIPSS) has said in Accra on Saturday.
Since the …
The European Union (EU) expressed regret late Friday at lack of progress in the Doha Round of global trade talks after WTO Chief Pascal Lamy decided not to convene a ministerial meeting by the end of the year.
"We have come tantalizi…
Dr.Gero Friedl, Senior Adviser on Good Governance of the German Technical Cooperation (GTZ) on Friday called for joint efforts that would strengthen the use of a single country system in fighting corruption in Ghana's procurement sector.
…
Leaders of China, Japan and South Korea Saturday signed a Joint Statement for Tripartite Partnership after a tripartite meeting.
In the statement, Chinese Premier Wen Jiabao, Japanese Prime Minister Taro Aso and South Korean Preside…
France has invited finance ministers from the European Union to attend a meeting in Paris on Dec. 18 focusing on global financial issues, an official of French Economy Ministry said on Friday.
"We are in the process of setting it up,…
Bangladesh's Central Bank said on Saturday overall balance of payments (BoP) remained in a healthy position in the first quarter of the current fiscal despite the gloomy global financial situation mainly due to higher surplus in the countr…
Barclays Bank Ghana says it will remain committed to meeting customer expectations through the offer of excellent banking services and products.
Mr Benjamin Dabrah, Managing Director of Barclays Bank, said having been successful in o…
The Third World Network (TWN), an advocacy group, on Thursday called on Parliament to delay the process of passing into law the Aluminium Authority and Integrated Aluminium Industry Bill in order to ensure full public participation in the …
Leaders of the European Union (EU) will approve a 200-billion-euro (some 260-billion-U.S. dollar) economic recovery plan in a bid to steer the EU economy from a deep recession, according to a draft text of conclusions of the two-day EU sum…
The Volta River Authority has said national gas has been released from Nigeria into West Africa Gas Pipeline (WAGP).
It said as at Saturday December 6, the offshore line was successfully filled with natural gas all the way to Takorad…
Russia is ready to coordinate its oil price policy with the Organization of Petroleum Exporting Countries (OPEC) in a bid to stem the plunge in crude prices, President Dmitry Medvedev said Thursday.
"Our partners and colleagues from …
The continuous fall in the inflation rate since July suffered a reverse, as the rate inched up by 0.14 percentage points over that of October, the Ghana Statistical Service said on Friday.
The annual rate of inflation for November w…
Turkey aims to become the number one marble exporter in the world with a target of 2.5 billion U.S. dollars export by the year 2010, the semi-official Anatolia news agency reported Thursday.
Turkish State Minister for Foreign Trade K…
The enduring financial crisis spreading in the European Union (EU) is expected to be high on the agenda of the 27-member bloc's winter summit, which opens on Thursday in Brussels.
The following is a chronology of major events in th…
The Zambia government said it will achieve the seven percent economic growth rate projected for this year despite the global financial turbulence, Zambia Daily Mail reported on Thursday.
Minister of Commerce, Trade and Industry, Fe…
Crude oil rose more than 3 percent Wednesday as the progress in U.S. auto bailout plan and speculation of severe OPEC output cut offset a larger-than- expected increase in U.S. gasoline inventory.
Light, sweet crude for January deliv…
The coming 2009 will be a difficult year for developing Asia and the strong growth momentum in domestic demand is key to keep the regional economy in good shape amid a weakening external environment, the Asian Development Bank (ADB) said o…
The World Bank Group has announced the creation of a two billion- U.S. dollars fast-track facility to speed up grants and long-term, interest-free loans to help the world's poorest countries cope with the impacts of the global financial cr…
Companies based in emerging economic giants, such as China, India and Russia, are perceived to routinely engage in bribery when doing business abroad, according to Transparency International's (TI) 2008 Bribe Payers Index (BPI) released on…
Companies based in emerging economic giants, such as China, India and Russia, are perceived to routinely engage in bribery when doing business abroad, according to Transparency International's (TI) 2008 Bribe Payers Index (BPI) released on…
The current economic woes arising from the global financial crisis is expected to persist for a few quarters in the euro zone, the European Central Bank (ECB) President Jean-Claude Trichet warned on Monday.
The combined economy of th…
The European Commission loosened its state aid rules on Monday for approving national bank rescue plans, bowing to pressure from European Union (EU) member states.
"No concessions have been made but rather we have looked at how we ca…
Angola and Brazil discussed in Luanda on Monday matters relating to strengthening bilateral relations, with the focus on the arrangement of the next meeting of the joint bilateral commission in early 2009.
After meeting with Angolan …
The continuous fall in global oil prices could spell doom for Nigeria's economy, said Governor Godswill Akpabio of Akwa Ibom State of southeast Nigeria.
The Governor from the oil producing Niger Delta region made the remark on Sunday…
The assets of a majority of the Netherlands' large pension funds have fallen well below the legal minimum cover ratio of 105 per cent in recent weeks due to the financial crisis, Dutch media reported on Monday.
According to the Dutch…
The Dutch economy is set to sink into recession next year, for the first time since the early 1980s, the Government's Economic Policy think-tank Netherlands Bureau for Economic Policy Analysis (CPB) said on Monday.
The organization f…
Cuban Leader Raul Castro on Monday called for solidarity between Latin America and the Caribbean to efficiently handle the coming "disaster" brought by the international financial crisis.
Castro said during the beginning of the third…
It remained uncertain whether a deal on the Doha Round of global trade talks could be reached by the year end, the European Union (EU)'s French presidency said on Monday, citing the U.S. stance as an obstacle.
"The reality is that th…
Los Angeles, the U.S. second largest metropolis, is trying to get millions of dollars for local infrastructure improvements from President-elect Barack Obama's 1-trillion-dollar stimulus package, city officials said on Monday.
Los An…
The upcoming holiday season will be Brazil's best because the economy is growing and the government is taking care of the financial crisis, President Luiz Inacio Lula da Silva said Monday.
Lula made the statement during a year-end lu…
The European Union (EU) is planning to invest massively in the Niger Delta of Nigeria in 2009, acting head of delegation to Nigeria Denis Thieulin was quoted on Tuesday by the Tribune newspaper as saying.
Thieulin failed to mention t…
Unique Trust (UT) Financial Services, a non-bank institution, has announced plans to introduce new products in insurance and real estates development.
Mr Budu Coomson, Chief Operations Officer of UT announced at a cocktail held in Kumasi…
The Export Development Investment Fund (EDIF), has released 2.8 million Ghana cedis, to the Bawjiase-based Ayensu Starch Factory in the Central Region, to revamp the operations of the industrial unit that was halted in March 2006.
ED…
Ghana Cocoa Board has held a durbar for cocoa farmers in Dormaa area as part of efforts to stamp out child labour in cocoa growing areas of the country.
The durbar was aimed at disseminating to the farmers the findings of a research…
Customs, Excise and Preventive Service (CEPS) in Brong-Ahafo, on Wednesday destroyed 2,192 cartons of assorted smuggled cigarettes in the country with a street value of GH¢7,233.6.
Also destroyed were quantities of unwholesome pharma…
Lack of a comprehensive national corporate governance code is affecting delivery in both the public and private sectors, Mrs Marian Barnor, the Managing Consultant of MRB Consult said on Wednesday.
Speaking at a validation workshop of t…
President John Agyekum Kufuor on Wednesday inaugurated the Sokaban Wood Village Complex, an ultra-modern enclave built for carpenters and wood sellers at Anloga and other parts of Kumasi.
It involved the construction of sheds, access roa…
A sheanut processing factory estimated at 88,000 Ghana cedis has commenced operation at Kuga in the Yendi Municipality of the Northern Region.
The factory comprises of administration block, shea butter storage facility; kitchen for p…
Association of Women Entrepreneurs in Upper East Region (ASWEUR) was inaugurated in Bolgatanga on Wednesday to empower and assist members to improve on their businesses.
It was initiated by management of Trade Aid Integrated (TAI), a…
Government has released 2.25 million dollars to enable the official liquidator of Ghana Airways to pay former employees of the airline the final instalment of their severance claims.
This brings total government spending to 7.8 milli…
Phase two of Bui Hydro Project to add 400 megawatts of electrical power to the country's generation mix has commenced.
The Black Volta River was on Tuesday blocked to pave way for actual construction of the main dam and other structu…
Finance ministers from 27 European Union members agreed here on Tuesday to support a stimulus plan in general though they remained divided concerning certain details.
Eurogroup Chairman and Luxembourg Finance Minister Jean-Claude Ju…
Ghana's middle income status could only be attained if the manufacturing sector's contribution begin to increase, Dr Abu Forster Sakara, running mate for the Convention People's Party (CPP)has said.
Speaking at the vice presidential …
Mr Eric Osei-Bonsu, Managing Director of the ARB Apex Bank Limited, on Saturday asked Rural and Community banks to consider co-operative mergers to enable them to withstand the intense competition in the banking industry which threatens th…
The King Abdul Aziz Aiprort in Jeddah, Kingdom of Saudi Arabia, would be able to receive about 30 million passengers annually, after the completion of the first phase of development projects.
"The new project would create a port with…
The Bawku East Small-Scale Farmers (BESSFA) Rural Bank bagged about GH¢103, 800 last fiscal year, representing a whooping 83.5 per cent increase compared to 2006.
Mr Solomon Atigah, Board Chairman of the Bank said the huge progress w…
A sheanut processing project, estimated at 88,000 Ghana cedis has been commissioned at Kuga a suburb of Yendi in the Yendi Municipality of the Northern Region.
It comprises administration block, shea butter storage facility, kitchen…
District Chief Executive (DCE) for the Talensi-Nadam, commended Government and the World Bank for the kind gesture and indicated that it would help alleviate the plight of the people.
He explained that the NPP Government does not dis…
The Japanese Government has expressed its determination to support the improvement of the economic situation of farmers and other small business operators in areas affected by flood in the three northern regions.
Mr. Yutaka Nakamura,…
Presidential candidates have been urged to focus their campaigns on how Ghana could be a force to reckon with in the world trade market they could bridge the gap on the world trade injustice between developed and developing in order to bri…
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