All Rural and Community Banks in the country would participate in foreign cash remittance business soon in partnership with the Western Union Money Transfer.
This arrangement is expected to relieve rural dwellers who travelled to tow…
Barclays Bank Ghana on Saturday embarked on a clean-up and painting exercise in three health and educational institutions in Accra to commemorate the 13th " Make a Difference Day" (MADD) celebration.
The occasion is celebrated in all…
All Rural and Community Banks (RCB) in the country are to enter the foreign remittance business by the close of the year in partnership with the Western Union Money Transfer.
This arrangement is expected to bring a big relief to peop…
The Association of Ghana Industries (AGI) is to
develop a policy document to promote the growth of Small and Medium-size Enterprises in the country.
To be known as the "AGI SME Agenda 2008," the policy document will present practica…
Dr. K. Y. Amoako, an economist and former Executive Secretary of the Economic Commission for Africa (ECA), has underscored the need for the country's next Administration to maintain the good policies and ideas of the Kufuor Government.
…
Mr Kurt Koenigsfest, Chief Executive Officer of the first Micro Finance Institution in the World, Bankosol in Bolivia, on Thursday pointed out that giving out micro finance was one of the most effective ways to reach the very poor in socie…
Fraud in the rural banking system have been made worse through the use of computers and the need to strengthen internal audit controls is now a requirement under incoming ARB Apex bye-laws.
Mr. Yaw Wiredu-Peprah, a director of ARB A…
The role of the 192-member United Nations was stressed Thursday as economists and diplomats discussed ways to tackle the global financial crisis at the General Assembly.
"Solutions must involve all countries in a democratic process,"…
An awards scheme is in the offing for members of the Ghana National Association of Garages (GNAG).
The association comprises auto-mechanics, auto electrical technicians, auto-welders and motorbike mechanics.
Mr Joseph Nimo, GNA…
Total equity of the Building and Road Research Institute Co-operative Credit Union rose from 453,889.58 Ghana cedis in 2007 to 567,261.68 in 2008, representing an increase of 24.90 per cent.
However, its total income reduced from 87,833.…
Management of Ahafo project of Newmont Ghana Gold Limited (NGGL), in collaboration with the Export Development and Investment Fund (EDIF), is to construct a GHC 160,000 crop processing and storage center in Asutifi District.
The cen…
Plan Ghana, an NGO operating in the Bawjiase area, is assisting the people of five communities in the area to construct a number of improved household pit latrines.
The communities are Aboano, Obo Yambo, Kofikum, Otweikaa and Gomoa Od…
Parliament on Friday approved a 12-million dollar loan facility for the rehabilitation and expansion of the Bolgatanga Regional Hospital, in the Upper East Region.
The facility would help in the construction of a public health and …
About 820 million people in sub-Saharan Africa are chronically hungry, according to the 2006 Food and Agriculture Organization (FAO) report.
The report is contained in a documentary by the General Agricultural Workers Union (GAWU) ti…
Management of the Irrigation Company of Upper Region (ICOUR) on Wednesday, convened a stakeholders' meeting at Tono near Navrongo, to deliberate on issues threatening the sustainability of the Tono irrigation scheme.
The meeting beca…
Reverend Dr. Kwesi Biney, member of the Brong Ahafo Regional Economic Task Force, has appealed to civil society groups to contribute towards harnessing the potentials of the region for economic development.
Speaking on the role of civ…
Fifteen aggrieved Timber Companies on Thursday called for an independent investigation into the allocation of timber rights by the Forestry Commission (FC) to some foreign companies.
They also called on the government to revoke all i…
Mr Kwadwo Affram Asiedu, Eastern Regional Minister, has enlisted the support of the China in building the capacity of Small-Scale Enterprises in the area to enable them to become sustainable modes of income generation.
He said, although …
A call has gone to Government to come up with policy pronouncements that will stimulate and encourage the growth of local production by Small and Medium Enterprises.
The Managing Director of Omatek Computers Ghana Ltd., Mrs Florence…
Barclays Bank Ghana has launched Small and Medium Enterprises (SMEs) centre to offer tailor-made banking solutions to entrepreneurs in the sector.
Mrs. Margaret Mwanakatwe, Barclays Bank's Managing Director, said the centre would hel…
Bank of Ghana has maintained its prime rate at 17 per cent, Dr Paul Acquah, Governor of the Bank
announced on Tuesday.
Briefing the press after a meeting of the Monetary Policy Committee, Dr Acquah said with falling crude oil price…
Despite the world financial market turmoil, the country's economy remains robust and resilient to the effects of the fallout, Dr. Paul Acquah, Chairman of the Monetary Policy Committee (MPC), said on Tuesday.
Speaking at a press conf…
Twenty-one Small and Medium Enterprises (SMEs) have benefited from four Venture Capital Financing Companies (VCFCs) partners of the Venture Capital Trust Fund (VCTF) established by the government in 2004 to provide low cost funding to SMEs…
Dr Grace Bediako, Government Statistician, on Monday said that the Ghana Statistical Services (GSS) has developed two strategic documents to facilitate statistics gathering.
She said this at a one-day Regional Workshop on "New Strate…
Bearish sentiments continued to hold sway over the Accra bourse on Tuesday with the GSE All-Share Index, the main measure of performance of the Exchange, falling under pressure from CAL Bank.
The change year to date fell by 5.26 poin…
France's plan to create a sovereign wealth fund is a part of the country's efforts to guarantee its economic security out of the current world financial crisis.
The fund, announced by French President Nicolas Sarkozy on Thursday, is …
The Philippine Stock Exchange (PSE) halted trading past mid-trade on Monday after the key index plummeted over 10 percent, TV reports said.
At 11:23 a.m. local time (0323 GMT), the 30-company composite index fell 10.03 percent to 1,7…
Ghana cedi depreciated slightly on Tuesday to the major currencies pushing up the Gold Coast Securities (GCS)-Cedi Index by 0.11 points despite a little gain to the CFA.
The cedi in recent past had remained strong to the Pound and Eur…
South Africa's financial system is "fundamentally sound and well capitalized," according to the International Monetary Fund's (IMF) Article Report released on Wednesday.
The report stated that the South African economy had shown resi…
A global economic recession is approaching with the United States and Europe suffering the most, Swiss bank UBS said in a report on Wednesday.
An economic recession is expected to start in the United States from the second half of th…
Nigerians have been able to swindle the Citi Bank in New York of about 30 billion dollars by getting it to honour a forged cash payment request from Ethiopia's Central Bank.
Three Nigerian men were arrested in Seoul on Thursday for a…
About 90,000 dwellers in remote parts of Ghana are to enjoy solar power under a Global Partnership on Output Aid (GPOBA) programme that the World Bank is administering.
The Bank has signed a grant agreement with the Government for…
India led all W.T.O. member-countries in implementing anti-dumping measures followed by European Union and Indonesia during the first six months of this year, W.T.O. Secretariat said in its report.
"Concerning application of new fina…
Australian government said here on Thursday that it backed a call from the United States urging developed nations in helping the world's poor in the face of the global financial crisis.
The U.S. government has sent a message to rich …
An integrated effort is significant to curb negative impacts of prevailing financial crisis, food shortage and increasing cost of petroleum in Africa, a United Nations official said here Tuesday.
UN Deputy Secretary-General Asha-Ros…
The GSE All-Share Index, the main measure of performance of the Exchange, once again ended flat as there were no changes in the main indices of the bourse.
The change year to date remained fixed at 63.98 per cent.
There were no…
A mobile technology expert on Monday expressed worry over Ghana's open mobile technology industry which makes it easier for foreign competitors to penetrate the local market.
Mr. Ehizogie Binitie, Director of Product Management and M…
A Senior Arab scholar said on Monday that Jordan's banking sector would not be affected by world financial crisis thanks to prolific monetary verification procedures.
Mohammed Haliqeh, President of Arab Academy for Banking and Financ…
Consultations are taking place at political and technical levels to assist Zimbabwe to launch the 2008/09 agricultural season and avert food shortages next year, a Cabinet Minister said on Monday.
Agriculture Minister Rugare Gumbo c…
Crude oil went up on Monday as investors predicted that the OPEC would almost certainly decide to cut crude output at an emergent meeting later this week.
Light, sweet crude for November delivery rose 2.40 dollars to settle at 74.25 …
Leaders of Canada's 10 provinces and three territories on Monday agreed they would make concerted efforts in fighting against the current financial crisis while calling for balanced measures from the Federal Government.
The provinci…
With the country facing ripple effects of the global meltdown, Indian Prime Minister Manmohan Singh on Monday assured the Lok Sabha that deposits in banks were " entirely safe" but said the nation must be prepared for a " temporary slowdow…
The Industrial and Commercial Bank of China (ICBC), the world's largest bank by market capitalization, opened on Monday its first Middle East subsidiary bank in Dubai, the commercial and financial hub of the United Arab Emirates (UAE).
…
The Atiwa Rural Bank at Kwabeng, made a net operating profit after tax of GH¢84,984 last year as against GH¢66,616 in 2006.
Mr Isaac Akomaning Asamoah, Chairman of the Board of Directors of the bank, who announced this at the 20th An…
Mr Kwame Osei-Prempeh, Board Chairman of the Ghana Supply Commission Limited (GSCL) said the rejuvenation of the GSCL, will transform it into a world class entity that would pay impressive dividends to its sole share holder.
He said …
Results of the first ever Ghana Insurance Awards were scrapped, following stakeholders' disagreements over winners in some categories.
Mr Afotey Odartefio, Executive Secretary, Corporate Initiative Ghana, organisers of the awards, to…
CHIC Ghana limited, authorized CHIC products distributor for Africa, has unveiled its premier product on the Ghanaian market, in Accra on Saturday.
The CHIC liquid vinyl product, a co-polymer coating system, is used for cleaning the …
Government in collaboration with the World Bank and the International Finance Corporation, is developing a national export strategy under the national Trade Policy and Support Programme of the Ministry of Trade.
"The strategy will hel…
The Asante-Akim South District Office of the Business Advisory Centre (BAC) has organised a 10-day training workshop on soap-making for 29 people at Yawkwei near Juaso.
The workshop, which was attended by participants drawn from the …
Ghana cedi on Wednesday continued to depreciate to the Dollar and the Euro but its gains to the Pound and CFA was enough to pull down slightly, the Gold Coast Securities (GCS)-Cedi Index by 0.01 points.
The Index, the composite measu…
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