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…
A 100,000-GH cedi mutual fund has been established to serve as a source of credit for women entrepreneurs, Mrs Lucia Quarchey, President of Ghana Association of Women Entrepreneurs (GAWE) said on Thursday.
She said GAWE identified th…
Venezuelan President Hugo Chavez on Wednesday blamed the U.S. government and the International Monetary Fund (IMF) for the current world financial crisis.
Chavez made the remarks while inaugurating an international economic conferenc…
The International Monetary Fund (IMF) on Wednesday predicted that the Italian economy would be in recession both this year and next year, according to Italian News Agency ANSA.
In its latest World Economic Outlook, the IMF forecasts …
Zimbabwe's annual inflation rate rose to 231 million percent in July, driven faster by food prices, according to official Government statistics. The annual rate of price growth was 11.2 million in June.
It therefore gained 219.8 mill…
The Islamist group which last month ordered the closure of the main airport in Mogadishu, the capital of Somalia, said on Thursday it is ready to rescind its decision after negotiations about it.
The Al-Shabaab Islamist movement last…
UT FINANCIAL SERVICES, the 2nd Best Company on the Ghana Club and 100 and 2nd Most respected company in Ghana, last week took its Initial Public Offer to their clients and public in Kumasi and Takoradi to create awareness about the share o…
The GSE-All Share Index, the benchmark measure of performance of the Accra bourse, fell sharply by 78.77 points, pulled down by GH¢0.30 loss by Guinness Ghana Brewery Limited.
The index closed the session at 10,822.00 points down fro…
TechnoServe and its partners have, within the past one week, undertaken programmes designed to improve farmers' crop yields and income levels in the Upper West Region.
It has, with the support of Venture Capital Trust Fund, presente…
Mr Sadick Boateng, 42, of T.I. Ahmadiya Senior Secondary School in Kumasi is 2008 Best Teacher. He received a cheque for GH¢ 60,000 to put up his own house and a computer with accessories.
President John Agyekum Kufuor presented the …
Women have called on the Electoral Commission (EC), to ensure transparency and implement all the electoral laws to ensure peace in the forth-coming general elections in the country.
The women also appealed to the EC to ensure freedom…
President John Agyekum Kufuor on Monday called
for more robust intra-regional trade among West African countries to help them to effectively deal with the challenges of the global economic asymmetry.
This, he said, was also a neces…
Cocoa farmers in the Ashanti Region have praised the government for keeping faith with cocoa farmers in the country through the constant increase in producer price of cocoa.
Addressing a press conference in Kumasi in response to the …
Management of Barclays Bank Ghana says it has been able to mobilise deposits to the tune of GH¢12.1 million from its micro banking partners, mostly 'susu' collectors since the inception of the scheme in 2006.
It has at the same time p…
The Bank of Ghana in its attempt at refocusing and re-engineering the rural banking concepts has revised sections of the Rural and Community Banks regulations.
Under the new regulations corporate ownership of Rural and Community Banks…
The Geneva Trade and Development Forum (GTDF) has ended with a call on developing countries to strengthen regional trade opportunities and solutions to facilitate regional and national integration processes to boost international trade and…
The activities of some small-scale business operators in the Tamale Metropolis is causing nuisance, which if not addressed, could cause havoc to life and property.
The operators popularly referred to as "pity traders" invade and bloc…
Mr Emmanuel Asamoah Owusu-Ansah, Ashanti Regional Minister and Member of Parliament for Kwabre West has said that government's quest to improve the level of investments could only be realized if investors exploited the avalanche of busines…
The Adansi Rural Bank at Fomena in the Adansi North District, raked 233,742.67 Ghana cedis as profit excluding tax, in 2007, representing an increase of 26 per cent of the previous year's profit of 184,775.22 Ghana cedis.
The bank als…
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