| Issue No: |
494 |
| Published: |
Dec. 10-16, 2012 |
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| OUR SPECIAL REPORTS |
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| Oct. 1-7, 2012 |
The CIMG Awards |
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| Apr 30-May4, 2012 |
Ghanaian Brands Take On Competition |
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| March 5-11, 2012 |
Ghana @55 |
Link |
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| Feb. 13-19, 2012 |
Companies To Watch 2012 |
Link |
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| September 5-11, 2011 |
Banking Awards |
Link |
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| August 22-28, 2011 |
Ghana100 Outstanding Businesses |
Link |
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| July 25-30, 2011 |
Mobile Number Portability's Many Possibilities in Ghana |
Link |
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| July 18-24, 2011 |
Ghana Banking Survey 2011 (Part2) |
Link |
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| June 20-26, 2011 |
Banking Survey2011 (Part1) |
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| June 13-19, 2011 |
US Oil Deal reveals reasons behind Libya campaign |
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| 06-04-2013 |
Efforts to boost IT connectivity gain pace |
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A government drive to make technology more accessible across Ghana by expanding the ICT infrastructure has opened the door for international investors to increase their presence.
| Full Story |
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| 06-04-2013 |
Delta Airlines to introduce Boeing 767-300 by end of 2013 |
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Delta Airlines, the leading US carrier in West Africa, will by the close of the year introduce Boeing 767-300 aircraft with fully flat-bed seats for customers flying in Business Elite.
| Full Story |
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| 06-04-2013 |
Controversy rocks hajj board over high fares |
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Fears are being expressed that unless government intervenes, many willing Muslims might not be able to make this year’s hajj pilgrimage due to the astronomical increase in the fare. According to our sources this year’s fare of $3450.00 is 10 per cent higher than what was paid last year.
| Full Story |
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| 06-04-2013 |
Drama unfolds at HFC Investments AGM |
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Drama unfolded at the Annual General Meeting (AGM) of HFC Investments Services Limited in Accra when some shareholders raised issues with the audit report of the auditors of the company and the type of souvenirs distributed by the company to shareholders.
| Full Story |
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| 06-04-2013 |
UNDP spends $10.7m on Ghana projects in 2012 |
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The UN Development Programme (UNDP) provided an amount of $10.7 million for projects and programmes in Ghana during the year 2012. | Full Story |
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| 06-04-2013 |
AGF to issue $25m worth of guarantees to four Ghanaian banks |
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The African Guarantee Fund (AGF) will by next month issue $25 million worth of guarantee to four Ghanaian banks, its CEO has said.
| Full Story |
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| 05-16-2013 |
Energy Commission launches refrigerator exchange scheme |
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A total of 2,100 old refrigerators have been exchanged for new ones under the Government’s pilot Refrigerator Rebate and Exchange Scheme.
| Full Story |
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| 05-16-2013 |
Ghana’s inflation rises to 10.6% in April 2013 |
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The year-on-year inflation rate rose to 10.6 per cent in April, the highest since June 2010, compared with 10.4 per cent in March, Mr Baah Wadieh, Acting Deputy Government Statistician, said on Wednesday.
| Full Story |
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| 04-22-2013 |
3SIL GOES INTO COMMERCIAL PRODUCTION OF SOLAR ENERGY BY OCTOBER 2014 |
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The Strategic Securities Systems International Limited (3SIL), which is an independent and economically empowered services conglomerate, specializing in the procurement of solar lighting systems has announced its readiness to go into commercial production of solar energy by the year 2014.
| Full Story |
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| 04-22-2013 |
ISS World of Ports service meets growing demand for collaborative digital marine assurance data |
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ISS World of Ports, a division of the world’s leading maritime services provider, is responding to the growing demand for more collaborative marine assurance data with new feedback features, improved accessibility and online mapping tools.
| Full Story |
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| 17-04-2013 |
Inflation returns to double digits |
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The year-on-year inflation rate for March 2013 was 10.4%, up from 10% recorded in February, this year. This is the highest since June 2010. This inflation is measured by the Consumer Price Index (CPI).
| Full Story |
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Widening The Tax Net is Now on Absolute Necessity
Those who thought that government’s public wage bill travails could not get worse, after contributing an unanticipated GH¢1.9 billion heavily to a record high fiscal deficit in 2012 must be having a rethink. The situation, over the past few weeks has indeed got worse, with teachers, then university lecturers and now doctors, going on strike, one after the other, demanding yet unpaid allowances or salary arrears as the case may be.
| Full Story |
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| 15-04-203 |
“Codeplex team” emerge survivors of Microsoft 2013 Imagine cup |
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Codeplex team from the Valley View University led by Davies Tobi emerges as the only survivors from the over hundred participants who registered to compete in the Microsoft Imagine Cup competition worldwide.
| Full Story |
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| 15-04-2013 |
BOA DONATES TO THE NEEDY |
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The Bank of Africa –Ghana as part of its Corporate Social Responsibility and in collaboration with the Multimedia Group Limited supported in feeding streets children and the less fortunate during the Easter celebrations.
| Full Story |
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| 15-04-2013 |
A 70 year old farmer wins MTN GHc150,000 jackpot |
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Timothy Kwasi Agyeman, a 70 year old farmer from Kenyase in the Ashanti Region, last week won the ultimate prize of GHc150,000 jackpot from MTN Ghana, as part of the company’s ‘Dream Big X’treme’ promotion.
| Full Story |
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| 15-04-2013 |
4th qtr 2012 GDP growth estimate hits 6.0% |
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The total value of goods and services produced in the fourth quarter of 2012 was GH¢8,424.1 million, compared to GH¢7,945.0 million recorded in the corresponding period in 2011. This is according to figures released in Accra last week by the Ghana Statistical Service (GSS).
| Full Story |
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| 15-04-2013 |
40 Ghanaian firms get GH¢15m grant for skills development |
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The Skills Development Fund (SDF) last week, presented grants totalling GH¢15 million to 40 small, Medium and Large Scale Industries, Science, Technology and Research Institutions to undertake various skills and innovative technology development initiatives.
| Full Story |
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| 04-02-2013 |
CAL Bank holds AGM |
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CAL Bank, last week, held its Annual General Meeting for the 2012 financial year. The group results for the year ended 31st December, 2012 was strong as the bank sustained its culture of superior performance driven essentially by its people, technology and excellent customer service. | Full Story |
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| 04-02-2013 |
Cyberoam launches new NG series |
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The multinational internet security combater, Cyberoam as part of its commitment to fighting security of businesses and internet operations has introduced into the market a new product to replace the robust system of fighting internet crime.
| Full Story |
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| 04-02-2013 |
Workers compensation bill settled with72.3% of 2012 tax revenue |
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Information gathered indicates that out of the GHc12.4 billion tax revenue collected in 2012, 72.3 per cent was used to settle the compensation bill of about 600,000 public service workers and pensioners during the 2012 fiscal year.
| Full Story |
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| 04-02-2013 |
ABL LAUNCHES CASSAVA BEER IN GHANA |
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Accra Brewery Limited last week launched Eagle Lager, its Cassava Beer at a ceremony held in the Volta Regional Capital, Ho. The new brand, brewed with 70% cassava, is the result of years of research into overcoming the challenges of processing and brewing with cassava which is a staple in Ghana. In his address, the Paramount Chief of the Asogli State in the Volta Region, Togbe Afede XIV who was also the special guest at the event said “Eagle Lager brings new hope to cassava farmers. It will motivate them to shift from subsistence crop farming to commercial status. I am informed that the farmers who grow the cassava for Eagle Lager beer receive extension services from the International Fertilizer Development Centre. This is a wise move to draw in more people into the farming business. I would therefore advice farmers in this area to take advantage of this brilliant opportunity to transform this region, their lives and that of their families.”
| Full Story |
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| 04-02-2013 |
42 illegal miners rescued |
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With the national security taskforce piling intense pressure on thousands of illegal small scale miners working on AngloGold Ashanti Obuasi concession, 18 galamsay workers, who have been working underground, were given opportunity to come out safely from the underground.
| Full Story |
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| 03-20-2013 |
Parliament approves GH¢2.5m for National Media Commission |
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Parliament on Tuesday approved a sum of GH¢2,560,322.00 for the National Media Commission (NMC) to enable it carry out its mandate for the 2013 financial year.
| Full Story |
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| 03-20-2013 |
Donors fail to keep pledges to Ghana, as global education funding gap widens to $26b |
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Donors continue to fail in keeping their pledges to provide funding for Ghana’s education sector, as the global funding gap for education widens to $26 billion, a new UNESCO report says.
| Full Story |
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| 02-07-2013 |
Post-harvest losses cost African countries $4b worth of food every year – AGRA |
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African countries are said to be losing over $4 billion worth of food every year as a result of post-harvest losses.
| Full Story |
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| 02-07-2013 |
US Group to build multi-purpose commercial city in Accra |
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A US Group of Companies has entered into a preliminary agreement with the China National Electronic Import and Export Southwest Company Ltd. (CEIESC) to construct a multi-purpose commercial city at Dawa in the Dangme West District of the Greater-Accra Region.
| Full Story |
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| 02-07-2013 |
Insurance Commission launches new micro-insurance regime |
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A new regulatory regime for micro-insurance was launched yesterday to help formalize and facilitate the sale of micro-insurance products at an event nicknamed the first “Ghana Micro Insurance Day”.
| Full Story |
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| 02-05-2012 |
uniBank relocates its Makola branch |
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uniBank (Ghana) Limited, one of the most vibrant and customer-focused indigenous banks in Ghana, exhibited its desire to provide exclusive ambiance and quality products and services to its loyal and cherished customers when it relocated its Makola Branch to a newly refurbished and spacious building adjacent to the old branch.
| Full Story |
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| 02-05-2012 |
ISS Palumbo opens new UK offices as first step in global expansion |
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ISS Palumbo has opened new offices in the UK marking the first step in its global expansion plans following its formation as a strategic partnership between Inchcape Shipping Services (ISS) and offshore project logistics and freight forwarding specialists, Palumbo S.P.A.
| Full Story |
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| 01-31-2013 |
Seamen’s Union launches 48 hour strike action in Greece affecting key ports |
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Inchcape Shipping Services (ISS), the world’s leading maritime services provider, is advising of 48 hour strike action in Greece by the Seamen’s Union from 0600 on Thursday 31 August until 0600 on Saturday 2 February 2013.
| Full Story |
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| 01-29-2013 |
African Migrants Could Save US$4 bn Annually On Remittance Fees, Finds World Bank |
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Bringing remittance prices down to five percent from the current 12.4 percent average cost would put US$4 billion more in the pockets of Africa's migrants and their families who rely on remittances for survival.
| Full Story |
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| 11-28-2012 |
NLA gives GHc8,000 to support Feok & Kakube festivals |
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The National Lottery Authority (NLA) has presented cheques totalling GHc8,000 to two separate traditional councils in the Upper East and Upper West Regions. The presentations were meant to assist in the celebration of this year’s Feok and Kakube festivals of the chiefs and people of the Builsa and Nandom Traditional Councils respectively.
| Full Story |
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| 11-28-2012 |
Bank of Africa Supports Dansoman Cluster of Schools |
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Bank of Africa (BOA) – Ghana as part of its Corporate Social Responsibility has donated 10 whiteboards and 10 packets of whiteboard markers to the Dansoman Cluster of Schools in collaboration with Wisewater Foundation, an educational N.G.O which seeks to improve education in Ghana.
| Full Story |
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| 11-28-2012 |
VFM saga: GIPC Chief Executive resigns |
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The Chief Executive of the Ghana Investment Promotion Centre, George Aboagye has resigned his position.
| Full Story |
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| 11-19-2012 |
GIHOC’s pre-tax profit jumps 86.2% |
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GIHOC Distilleries Company has announced an 86.2% increase in profit before tax from GH¢1.6million in 2010 to GH¢3million in 2011.
| Full Story |
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| 11-17-2012 |
Vodafone partners KNUST to launch Ghana’s first technology hub |
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Ghana’s Most Respected Telecommunications company, Vodafone Ghana, has partnered the Kwame Nkrumah University of Science & Technology and mFriday to launch the first-ever Technology Hub in Ghana that will provide an invaluable opportunity for developers of web-based mobile content to introduce commercially viable mobile products. | Full Story |
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| 11-09-2012 |
PREZ GRANTS ASSENT TO PUBLIC HEALTH BILL |
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Information exclusively gathered by this paper indicates that President John Dramani Mahama has appended his signature to the much talked about Public Health Bill. By this act the Bill is now a full blown Act and now awaits the adoption of a Legislative Instrument to make it enforceable.
| Full Story |
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| 11-09-2012 |
VRA expects gas flow from West Africa Pipeline end November |
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The Volta River Authority (VRA) said on Thursday it now expected gas from the West African Gas Pipeline Company to start flowing by the end of November, bringing on stream 170 Mega watts of power from the Sunon Asogli plant.
| Full Story |
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| 11-09-2012 |
FDB warns against illegal adverts on herbal products |
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The Upper West Regional Directorate of the Food and Drugs Board (FDB) has asked some manufacturers of herbal products to stop their advertisement on the radio stations in the region since a lot of their product are not registered with the board.
| Full Story |
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| 11-09-2012 |
Vodafone Launches Fleet manager service to save cost and improve efficiency |
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CIMG Telecom Company of the year, Vodafone Ghana has launched an exciting and innovating tracking service specifically designed for tracking and managing fleet of vehicles and general mobile assets for companies.
| Full Story |
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| 11-09-2012 |
DHL delivers e-readers to Ghanaian children and other African children |
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DHL Express, the world’s leading international express services provider, announces a new partnership with Worldreader, a non-profit organization that advances literacy in developing countries by providing e-books to children in need. DHL Express will support Worldreader’s mission of putting 1,000,000 Amazon KindlesTM loaded with some of the world’s best-loved books into the hands of young children in Uganda, Ghana, Kenya and Tanzania before the end of 2015.
| Full Story |
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| 11-09-2012 |
ICOM+IN Rapidly Expanding in Africa |
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Creates New Region, Appoints New Regional Director, New Agency Member in Tanzania
Peter Jackson, CEO of the Volcano agency in Bryanston, South Africa, has been appointed Regional Director; while Spearhead Africa, Dares Salaam, has been named the first ICOM+IN agency representative in Tanzania, becoming the eighth agency member in the region.
| Full Story |
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| 11-06-2012 |
National housing policy completed |
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The final draft of the National Housing Policy has been completed and present to cabinet for scrutiny and eventual submission to parliament for approval.
| Full Story |
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| 11-06-2012 |
NLA supports Hogbetsotso festival |
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As part of activities making the 50th anniversary celebration of Hogbetsotso of the chief and people of Anloga in the Volta Region, and in fulfillment of National Lottery Authority (NLA)Corporate Social Responsibilities, the company has donated 50 “50th Anniversary” T shirts and cash of GHC 5,000.00 in support of the celebration of Hogbetsotso at the palace of the Agbomefia, Togbe Sri III.
| Full Story |
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| 11-05-2012 |
Ghana learns from US poultry industry as chicken imports hit 70,000 tons |
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A Ghanaian team is currently in the US to study the country’s poultry industry.
| Full Story |
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| 11-05-2012 |
Stanbic Bank launches FuneralPlan insurance product |
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Stanbic Bank has launched a funeral insurance product to provide individuals and families the financial support to lessen the cost burden during funerals.
| Full Story |
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| 11-05-2012 |
Ghana’s Petroleum System, One Of The Best |
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The Senior Vice President in charge of Exploration at Anadarko, Mr Frank Patterson, has described Ghana’s petroleum system as one of the best in the world following its adoption of best practices in the management of its oil resource.
| Full Story |
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| 11-05-2012 |
JICA, MEST organizes Seminar on Urban Development in Asia and Africa |
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An International Seminar on Urban Development in Asia and Africa has been organized in Kumasi by the Japan International Cooperation Agency (JICA) in collaboration with Town and Country Planning Department (TCPD) under the Ministry of Environment, Science and Technology (MEST). | Full Story |
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| 11-05-2012 |
Vodafone sponsors exclusive premiere of Skyfall at Silverbird cinemas |
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Vodafone Ghana, has unveiled its loyalty package for customers at an exclusive premiere of the latest James Bond movie ‘Skyfall’ at the Silverbird cinemas in Accra last week. | Full Story |
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| 11-01-2012 |
Forum wraps up with suggestions for sustainable use of Africa’s Natural Resources |
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The eighth African Development Forum (ADF VIII) wound up in Addis Ababa, Ethiopia, on last week Thursday with the adoption of a Consensus Statement suggesting better ways in which African countries can use their natural resources to promote people-centered sustainable development. | Full Story |
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| 11-01-2012 |
MTN to deliver Windows 8 and Windows Phone 8 devices in key African markets |
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MTN will be a key operator in Africa to deliver Windows Phone 8 and Windows 8 devices to its customers in South Africa in November, with Ghana and Nigeria following in December. | Full Story |
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| 11-01-2012 |
Tigo Introduces ‘EXTRA TIME’ |
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Tigo Ghana has introduced another innovative service known as the EXTRA TIME to allow customers enjoy one minute of on-net calls as a loan to make emergency calls or finish up initiated calls | Full Story |
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| 11-01-2012 |
Finance Ministry Secures 97m Euros From EU |
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The Ministry of Finance and Economic Planning (MoFEP) has signed two agreements with the European Union (EU) for grants totalling €97 million to support decentralisation and maternal health. | Full Story |
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| 11-01-2012 |
Former Zambian President lauds Rlg |
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Former President of Zambia, Rupiah Banda has lauded the unique contribution being made by Africa’s premier electronic assembling company, RLG Communications towards solving the huge unemployment issue facing the continent.
| Full Story |
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| 11-01-2012 |
Ghana to offload shares in SOEs on stock exchange |
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Government plans to offload shares in some State Owned Enterprise (SOEs) on the Ghana Stock Exchange for Ghanaians to own part ownership of the companies.
| Full Story |
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| 11-01-2012 |
Starbow begins flight to Abidjan |
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Business men and women who ply the Accra-Abidjan route have been given an extra boost with the launch of Starbow’s 2nd regional route to Abidjan.
| Full Story |
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| 10-30-2012 |
Ghana government expenditure for first three months of 2013 pegged at over GH¢6bn |
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A document containing the expenditure in advance of appropriation of monies from the Consolidated Fund to meet government expenses for the first three months of 2013 is expected to be presented to MPs for scrutiny.
| Full Story |
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| 10-30-2012 |
Ghana, UNIDO sign €1.28m biogas technology agreement |
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The United Nations Industrial and Development Organisation (UNIDO) and the Ministry of Trade and Industry on Monday signed €1.28 million agreement aim to encourage biogas technology and business for sustainable growth.
| Full Story |
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| 10-30-2012 |
AngloGold Ashanti supports launch of African Mineral Skills Initiative |
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The African Mineral Skills Initiative (AMSI) has been initiated to support the Africa Mining Vision by focusing on broad skills development in Africa in relation to the minerals sector.
| Full Story |
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| 10-30-2012 |
Parliament passes tax amnesty bill |
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Parliament on Monday passed the Internal Revenue (Tax Amnesty) Bill, 2011, granting reprieve to tax defaulters, and seeking to widen the income tax net to improve Ghana’s revenue inflows.
| Full Story |
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| 10-30-2012 |
AngloGold Ashanti Sponsors Cyber Café and e-Learning Centre at Obuasi |
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As part of its commitment to making local communities where it operates better off, AngloGold Ashanti (AGA) has donated a cyber café and e-learning centre to the people of Obuasi.
| Full Story |
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| 10-24-2012 |
Latest air freight statistics show positive African growth |
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The African continent continues to outperform its peers, posting impressive growth statistics in the recent Cargo Market Analysis for the third quarter report by the International Air Transport Association (IATA). It was also reported by the association that African airlines transporting freight in the region witnessed a 10.2% increase in demand in August, continuing 2012’s positive growth trend.
| Full Story |
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| 10-23-2012 |
Ghana records more negatives, slips to 64th on World Bank’s Doing Business 2013 rankings |
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The 2013 Doing Business Report put together by the World Bank and released today October 23, 2012, shows Ghana losing a spot from the 63rd place it had in the 2012 edition to the 64th position out of 185 economies worldwide.
| Full Story |
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| 10-23-2012 |
Ghana removed from money laundering blacklist |
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A global standard setting body for anti-money laundering and combating financing of terrorism (AML/CFT), has removed Ghana from its money laundering blacklist as a result of the country’s efforts in combating the crime.
| Full Story |
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| 10-23-2012 |
General Electric President bags International Award |
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Jay Ireland, President and CEO for General Electric (GE) Africa was recently given the award of International Business Leader of the Year by one of Africa’s leading international investment and communications group, the Africa Investor (AI), for his role in driving the activities of GE across Africa. The event was the Africa investment and Business Leader Awards 2012 which took place during the World Bank Annual Meetings in Tokyo, Japan.
| Full Story |
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| 10-18-2012 |
Nine banks in Ghana interconnect local ATMs |
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Nine banks have reconfigured their systems and are now able to accept each other’s Automated Teller Machines (ATM) cards, providing their various customers convenience and easy access to their funds.
| Full Story |
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| 10-16-2012 |
US-Ghana bilateral trade surpasses $1b mark in first eight months of 2012 |
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For the first eight months of the year 2012, bilateral trade between the US and Ghana has surpassed $1 billion.
| Full Story |
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| 10-16-2012 |
Comparing Ghana to South Korea, UNESCO report shows stagnation in education |
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A new UNESCO report on education shows that comparing Ghana to South Korea, the country’s education sector has stagnated.
| Full Story |
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| 10-16-2012 |
Ecobank signs deal with ICIC Bank to facilitate trade, investments between Africa and India |
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Transcontinental bank, Ecobank says it has signed a memorandum of understanding (MoU) with ICIC Bank to facilitate trade and investment between the African continent and India.
| Full Story |
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| 10-16-2012 |
We are committed to Ghana's development-UNDP |
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The United Nations Development Programme (UNDP) on Monday expressed its commitment to the development and improvement of living standards of Ghanaians.
| Full Story |
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| 10-16-2012 |
BoG directs banks to accept old GH¢50 notes |
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The Bank of Ghana has directed banks in the country to accept the old GH¢50 banknotes for exchange or deposit from the general public after authentication.
| Full Story |
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| 10-09-2012 |
STRATCOMM AFRICA AT AGI OIL AND GAS CONFERENCE |
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Stratcomm Africa, Ghana’s total communications agency has opened its booth to oil and gas companies operating in Ghana and abroad at the ongoing AGI Oil and gas exhibition at the International Conference Centre in Accra.
| Full Story |
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| 10-08-2012 |
Golden Star Resources Reports Preliminary 3rd Qtr 2012 Results |
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Golden Star Resources Ltd. has announced preliminary third quarter 2012 production results for its Bogoso/Prestea and Wassa/HBB operations.
| Full Story |
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| 10-08-2012 |
Ghana's Oil Production Increases |
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Ghana’s oil production has increased from 66,000 barrels a day to 86,000 barrels a day, the Operations Manager of the Jubilee Partners, Robert Gettka, has announced.
| Full Story |
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| 09-19-2012 |
Gold Fields Ghana shines at Club 100 awards |
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Gold Fields Ghana Limited, Ghana’s leading mining company and number one gold producer scooped six awards at the 2012 Ghana Club 100 Awards function held in Accra a fortnight ago.
| Full Story |
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| 09-19-2012 |
Government to implement Tourism Development Levy next month – Minister |
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Government would begin the implementation of the Tourism Development Levy from October this year, Madam Akua Sena Dansua, Minister of Tourism has announced.
| Full Story |
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| 09-19-2012 |
World’s leading oil conference to reveal Africa’s future |
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The 19th Africa Oil Week shall host the world’s leading deal-making and senior-level networking oil/gas industry in Africa from October 29th until November 2nd, this year in South Africa.
| Full Story |
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| 09-18-2012 |
Emirates Offers Dubai Stopover Holiday Package |
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Travellers to Dubai for their holidays on Emirates airlines can enjoy the annual Emirates Dubai Stopover Package planned to give customers an affordable and a memorable trip.
| Full Story |
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| 09-18-2012 |
NLA supports KUNDUM AFAHYE celebrations |
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As part of the activities to celebrate the Kundum Afahye of the chiefs and people of Upper and Lower Axim, the National Lottery Authority (NLA) through the Special Projects Directorate, has donated GHc 5,000 to Nana Edusei, Chief of Brawie in Upper Axim who represented the King Awulae Attibrukusu III at the Chief’s Palace.
| Full Story |
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| 09-17-2012 |
LESDEP Has Set Up Over 30,000 Businesses This Year |
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George Dake, Business & Development Manager of the Local Enterprises And Skills Development (LESDEP), the Government of Ghana’s social intervention programme, has revealed that in its relatively short span, LESDEP has chalked an 85% success rate with the setting up of 30,993 businesses in the first and second quarters of this year.
| Full Story |
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| 09-13-2012 |
British Airways expands African route network |
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British Airways will further strengthen its African network this winter when it begins flying to Liberia.
| Full Story |
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| 09-13-2012 |
August inflation remains unchanged at 9.5 per cent |
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Inflation remained unchanged at 9.5 percent for the first time in five months. Relative stability in the value of the cedi to the dollar from late August coupled with low food rate prevented the overall rate of consumer price increases.
| Full Story |
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| 09-13-2012 |
Monetary Policy Committee keeps policy rate unchanged |
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The Bank of Ghana has kept the Policy Rate unchanged at 15 per cent, acting bank Governor Dr. Henry Kofi Wampah told a news conference on Wednesday.
| Full Story |
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| 09-11-2012 |
MTN GHANA HITS THE 11 MILLIONTH SUBSCRIBER MILESTONE |
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MTN, the number one telecommunications services provider in Ghana achieved another distinct milestone in the telecommunication service industry when it hit 11million subscribers last week. And to celebrate this, the company has lined up a host of activities to reward its subscribers.
| Full Story |
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| 09-11-2012 |
BANK OF AFRICA SUPPORTS THE AGED IN AKROPONG |
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The Bank of Africa Ghana (BOA – Ghana) has donated 50 bags of cement to the Akropong Christ Presbyterian Church towards the completion of the church’s Aged Centre.
| Full Story |
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| 09-11-2012 |
OIL BOOST NIGHT LIFE |
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Night clubs in Ghana are setting the stage to lock horns for their share of the oil wealth from the country’s emerging oil and gas industry.
| Full Story |
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| 09-11-2012 |
UBA Records Profits |
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United Bank for Africa (Ghana) posted a profit-after-tax of GH¢20.51 million for the first half of the year compared to GH¢9.98 million for the same period, representing an increase of 106 percent.
| Full Story |
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| 09-06-2012 |
Emirates and Qantas Announce MajorGlobal Aviation Partnership |
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Emirates and Qantas today announced a new global aviation partnership that will give customers a seamless international and Australian network, exclusive frequent flyer benefits and world‐class travel experiences.
| Full Story |
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| 09-06-2012 |
Govt in talks with MCC to speed up 2nd compact of MCA |
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The Government of Ghana on Wednesday held talks in Accra with a high powered delegation of the Millennium Challenge Corporation (MCC) to speed up modalities for the second compact of the Millennium Challenge Account (MCA).
| Full Story |
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| 09-06-2012 |
Ghana gets taste of new British Airways Boeing 777-300 Aircraft |
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British Airways gave its Ghanaian passengers a brief taste of its one of its newest aircraft last week. The long range Boeing 777-300ER, which is longer, quieter and more fuel-efficient than its predecessors, showcases “the future face of British Airways”.
| Full Story |
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| 09-06-2012 |
Gov't to restart TOR with $30 million |
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The Energy ministry has disclosed plans to inject $30mollion into the Tema Oil Refinery to enable it restart refining operations at the Residual Fuel Catalytic Cracker, (RFCC).
| Full Story |
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| 08-30-2012 |
Arsenal great Ray Parlour due in Ghana for Airtel’s African soccer clinic |
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Arsenal legend Ray Parlour is due to arrive in Accra, Ghana to attend the closing ceremony of the Airtel Rising Stars clinic, officials have confirmed.
| Full Story |
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| 08-28-2012 |
GCB LAUNCHES E -BANKING PROMO |
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Ghana Commercial Bank Ltd. (GCB) has launched a new promotion to increase uptake of its electronic banking and card products.
| Full Story |
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| 08-28-2012 |
Oil, gas and mining companies operating in Ghana to disclose payments made to Government |
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Oil, gas and mining companies operating in Ghana and listed on the US Securities and Exchange Commission (SEC) are required to disclose the payments they make to the Government following the implementation of a landmark 2010 transparency law.
| Full Story |
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| 08-27-2012 |
Nigerian insurance companies to adopt Ghana’s credit guidelines |
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Insurance companies in Nigeria say they may adopt the credit guidelines of the insurance industry in Ghana.
| Full Story |
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| 08-27-2012 |
Ghana sets out guidelines for 2013-2015 budget proposals for state agencies |
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Ghana’s Finance Ministry has circulated new guidelines to all Ministries, Departments and Agencies (MDAs) to enable them prepare their 2013 to 2015 budget proposals for a possible approval.
| Full Story |
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| 08-27-2012 |
300 illegal miners were trapped to death in 2011 |
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More than 300 illegal miners were trapped to death at various illegal sites of the country in 2011, Toni Aubyn, Chief Executive Officer of the Chamber of Mines said on Saturday.
| Full Story |
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| 08-27-2012 |
PURC records over 1,100 consumer complaints in six months |
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The Public Utilities Regulatory Commission says it has recorded over 1,100 complaints, mostly on the quality of service, from consumers of water and electricity in the first six months of this year.
| Full Story |
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| 08-23-2012 |
Seventh Annual Internal Audit forum opens in Accra |
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President John Mahama on Thursday urged government officials to ensure efficient and effective use of public funds to meet the country’s development objectives.
| Full Story |
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| 08-23-2012 |
ECOWAS to fund local CSOs for migration and development projects |
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The Commission of the Economic Community of West Africa States (ECOWAS) is in the process of rolling out the second phase of a funding scheme that supports Civil Society Organization (CSOs) in member states to carry out projects that promote migration and development.
| Full Story |
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| 08-23-2012 |
NewGold Exchange Traded Fund trades on Ghana bourse |
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Ghanaian investors can now buy and sell the NewGold Exchange Traded Funds after it was officially listed on the Ghana Stock Exchange on Wednesday.
| Full Story |
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| 08-21-2012 |
Ghana loses GH¢75m in bank charges in 2011 on poor treasury management – Report |
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Ghana has lost an amount of GH¢75 million in bank charges from poor treasury managemnet, the Auditor-General’s 2011 report on the country’s public accounts released August 14, 2012 has revealed.
| Full Story |
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| 08-21-2012 |
Ghana issues new GH¢50 banknote, 20 million pieces in circulation |
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The Bank of Ghana (BoG) today August 21, 2012 officially issued the upgraded GH¢50 banknote into circulation.
| Full Story |
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| 08-16-2012 |
British Airways cuts Big Apple business class fares |
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British Airways is offering Club World (business class) flights to New York from Accra for as little as $2,270 return.
| Full Story |
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| 08-15-2012 |
Cedi fall fires Ghana’s July 2012 inflation up 9.5% |
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The negative effect on the economy of the cedi’s fall against the dollar in recent times seems not to be going despite tight policies made by the Bank of Ghana (BoG) to curb the situation.
| Full Story |
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| 08-14-2012 |
Anglogold Ashanti announces interim dividend |
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Anglogold Ashanti Ltd (AGA) has declared interim Dividend of 100 South African cents per share for the quarter ending June 30, 2012. However, in terms of the withholding tax on dividends which became effective on April 1, 2012 in South Africa, a 15% dividend tax is applicable to shareholders liable to pay dividend tax which brings the dividend payable to 85 South African cents. | Full Story |
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| 08-14-2012 |
GCB director resigns |
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Ghana Commercial Bank Limited (GCB) has announced the resignation of Edward Nartey Botchway, as a Director of the Bank effective May 25, 2012. | Full Story |
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| 08-14-2012 |
ECOWAS wants strong air transport to drive West Africa’s economy |
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West African bloc, ECOWAS, has highlighted the need for a strong air transport since the sector is key to the economic growth in the region. | Full Story |
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| 08-14-2012 |
WAEC releases 2012 WASSCE provisional results |
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The West African Examinations Council (WAEC) on Tuesday said it had released provisional results of 163,138 out of the 174,461 candidates who took the May/June 2012 West African Senior School Certificate Examination (WASSCE). | Full Story |
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| 08-14-2012 |
Vodafone Introduces ‘050’ Range Of Numbers |
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The exclusive ‘050’ range of numbers has been released on the Vodafone network and to celebrate this major milestone, all new customers will receive double bonus on both their voice and internet packages for the next 90 days. | Full Story |
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| 08-14-2012 |
Chamber of Commerce members in Western Region schooled on ADR |
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Martin Nwosu, a Private Legal Practitioner, on Monday called on business institutions, particularly the Ghana Chamber of Commerce and Industry (GCCI) to patronize the Alternative Disputes Resolution (ADR) system to ensure effective and efficient conflict resolution in their companies. | Full Story |
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| 08-13-2012 |
New iPad officially launched in Ghana |
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Group Africa, the Value Added Distributor (VAD) for Apple in Ghana, last Saturday launched the new ipad in Ghana. The launch forms part of the next global rollout by Apple. | Full Story |
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| 08-08-2012 |
MTN LAUNCHES MOBILE MONEY MONTH |
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The leading telecommunications company in Ghana, MTN, has dedicated the month of August to Mobile Money to create awareness about the service and highlight the importance of creating a cashless economy. | Full Story |
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| 08-08-2012 |
UK introduces priority service for visa applicants in Ghana |
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The UK Border Agency (UKBA) has introduced a priority visa service in Ghana, the agency announced last week on its website. | Full Story |
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| 08-08-2012 |
Ghana cedi holds ground against dollar |
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Ghana's cedi traded mostly unchanged against the dollar on Wednesday due to low corporate demand for greenbacks, leaving it within the tight band it has occupied since early July, dealers said. | Full Story |
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| 08-07-2012 |
EPA worries over rising rate of natural resource degradation |
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The Environmental Protection Agency (EPA) has described as disturbing the growing degradation of the nation’s renewable natural resources through poor environmental management practices.
| Full Story |
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| 08-07-2012 |
MTN LAUNCHES MOBILE MONEY MONTH |
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The leading telecommunications company in Ghana, MTN, has dedicated the month of August to Mobile Money to create awareness about the service and highlight the importance of creating a cashless economy.
| Full Story |
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| 08-06-2012 |
Glo hits 1million subscribers |
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Glo Ghana has doubled its market share with its subscriber base now close to one million.
| Full Story |
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| 08-06-2012 |
Pipelines for National Gas Project arrives |
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The Ghana Gas Company has taken delivery of about 3,271 pipelines from China for the National Gas Project at the Takoradi Port.
| Full Story |
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| 08-06-2012 |
NPA cautions public against panic buying of LPG |
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Supply of LPG is expected to normalize within the next few days. The National Petroleum Authority has fixed the technical problem which led to the acute shortage of the commodity last week.
| Full Story |
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| 08-01-2012 |
Journalists urged to use simple terms in stock exchange reportage |
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Journalists were on Tuesday asked to employ simple self-explanatory terms in their reportage of activities on the Ghana Stock Exchange to enable
| Full Story |
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| 08-01-2012 |
Hilary Clinton to attend Mills’ funeral |
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US Secretary of State, Mrs Hilary Clinton will attend the state funeral for the Late President of Ghana, Prof John Atta Mills August 10, 2012.
| Full Story |
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| 08-01-2012 |
Ghana’s merger and acquisition deals rank 107th on Ernst &Young’s 2012 Maturity Index |
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Alexis Karklins-Marchay, Emerging Markets Center Leader at Ernst & Young explains that the lofty rankings of Singapore and Hong Kong are driven mainly by their highly-developed infrastructure, the availability of significant assets for purchase and the business-friendly regulatory environment.
| Full Story |
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| 08-01-2012 |
Emulate the peaceful nature of Professor Mills |
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Ghanaians have been urged to let the gentle and peaceful nature of the late President John Evans Atta Mills permeate the lives and nature of Ghanaians during the ceremonies up to his burial and the period after in order to ensure a sustained development of the country.
| Full Story |
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| 08-01-2012 |
AIRTEL GHANA SUPPORTS 17TH GJA AWARDS |
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Airtel Ghana will sponsor this year’s ‘Best Reporter – Education (Print Category) at the 17th Ghana Journalists Association awards scheduled for later this year. The package from Airtel Ghana will go into the purchase of a laptop amongst others for the winner of the category.
| Full Story |
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| 07-31-2012 |
Parliament to scrutinize $13m loan for Army to carry out duties during 2012 elections |
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Parliament is expected to, on Wednesday, approve through a resolution a medium term loan facility between the government of Ghana and CAL Bank Limited for an amount of $13,921,750.00 and €3,484,457.58 to finance the procurement of vehicles and communication equipment for the Ghana Armed Forces to carry out duties related to the 2012 elections.
| Full Story |
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| 07-31-2012 |
MTN LAUNCHES“FACEBOOK FOR EVERY PHONE” |
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The leading telecommunications company in Ghana, MTN, has introduced two new services to provide subscribers access to Facebook from their mobile phones. The new services are “Facebook for Every Phone”and “Facebook SMS”. This follows the successful launch of the 0.facebook.com service a few weeks ago.
| Full Story |
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| 07-31-2012 |
PricewaterhouseCoopers Ghana calls off launch of banking survey |
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PricewaterhouseCoopers (Ghana) Limited said on Monday that its planned launch of the 2012 Ghana Banking Survey Report on Tuesday has been cancelled in honor of the late President John Evans Atta Mills. | Full Story |
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| 06-14-2012 |
Airtel Africa and DSTV partner to launch Africa Football show |
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Airtel Africa has sealed a partnership agreement with DSTV that sees the two organizations working together to air a weekly TV football show.
| Full Story |
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| 06-14-2012 |
SG-SSB visits shelter for abused children in Osu |
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SG-SSB has celebrated its Citizen Commitment Week, last week. The week was dedicated to solidarity and social commitment. The Societé Generale Group has, one week, on its calendar every year for the celebration of what is termed as ?Citizen Commitment Week?.
| Full Story |
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| 06-14-2012 |
Pentecost International Trade Exhibition fixed for August |
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Come August 31-September 09, 2012, the Executive Council of The Church of Pentecost in collaboration with the Ghana Pentecostal and Charismatic Council shall roll out its first ever Trade Exhibition, under the theme ?Accelerating The Growth Of Entrepreneurship And Industry For Sustainable Development?.
| Full Story |
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| 06-14-2012 |
Powering up Ghana |
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Aiming to sustain its impressive economic growth of recent years, Ghana is increasingly focusing on improving its electricity infrastructure. Rising demand, together with inconsistent input supply, is putting pressure on the government and key players to bolster the country?s production and transmission capacity.
| Full Story |
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| 06-13-2012 |
Bank of Ghana raises policy rate to 15% |
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The Monetary Policy Committee (MPC) of the Bank of Ghana on Wednesday announced the increase from 14.5% in April 2012 to 15%.
| Full Story |
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| 06-01-2012 |
Azumah Resources Limited calls for stakeholders? assistance |
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Mak Kimsan, Exploration Manager of Azumah Resources Limited, an Australian gold exploration company operating in the region, says some community issues such as sacred places and farm lands were challenges stalling its operations.
| Full Story |
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| 05-24-2012 |
Ghana hosts maiden Micro Insurance Conference |
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Ghana on Wednesday hosted the maiden International Micro insurance Conference to provide the industry with creative ideas and practical implementation to manage livelihood risks.
| Full Story |
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| 05-17-2012 |
ADB Strengthens Commitment To SMEs |
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The Agricultural Development Bank (ADB) committed a total of GH¢156.85 million as loans to various categories of Small and Medium-scale Enterprises (SMEs) by the close of 2011, a release issued by the bank recently has noted.
| Full Story |
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| 05-17-2012 |
Government to establish Accra intelligent Traffic |
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Vice President Dr. John Dramani Mahama on Thursday announced that government would spend part of the Chinese loan to establish the Accra Intelligent Traffic Management system to stem the perennial traffic congestion in the city.
| Full Story |
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| 05-17-2012 |
Depreciation of the Cedi leads to high taxes - AGI |
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The Association of Ghana Industries (AGI) says the rapid depreciation of the cedi over the first quarter of 2012 has led to a high level of taxation through continuous increases in import duties charged mainly in foreign currencies.
| Full Story |
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| 04-27-2010 |
PricewaterhouseCoopers Ghana launches maiden business effectiveness survey |
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PricewaterhouseCoopers Ghana (PwC Ghana) on Thursday launched its maiden 2012 Business Effectiveness Survey, to provide Ghanaian companies the opportunity to identify global best practices and work towards achieving them. | Full Story |
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| 04-24-2012 |
RLG BOSS SAVES A LIFE ON HIS BIRTHDAY |
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The Chief Executive officer of rlg Roland Agambire has called on Ghanaian Entrepreneurs to invest in the lives of people in order to develop the human resource base of the country.
| Full Story |
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| 04-20-2012 |
Workers sensitized on new pension-third tier |
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Dr Yaw Baah, the Deputy Secretary General of the Ghana Trade Union Congress (GTUC), has urged public servants to contribute high wages to their pension scheme.
| Full Story |
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| 04-19-2012 |
MTN launches Alternative Livelihood Project in Koforidua |
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MTN Ghana on Thursday launched an Alternative Livelihood Project (ALP), aimed at improving quality of life for persons with disability in Koforidua.
| Full Story |
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| 04-19-2012 |
Metro Mass Transit to increase fleet to from 830 to 1,000 buses |
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The Metro Mass Transit Limited (MMT) would increase its fleet of buses to 1,000 by the end of the year to enable it reach the remotest towns and villages across the country.
| Full Story |
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| 04-18-2012 |
Two-day workshop on METASIP opens in Accra |
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A two-day workshop on Business Opportunities in the? Medium Term Agriculture Sector Investment Plan (METASIP)?, was on Tuesday opened in Accra. It was organized by the Private Enterprise Foundation (PEF) for the private sector, and sponsored by Konrad Adeneuer Stiftung.
| Full Story |
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| FEATURES |
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| BRIEFS |
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FINANCIAL MARKETS
LAST WEEK |
| INFLATIONARY TRENDS |
| January 2013 |
8.8% |
| February 2013 |
10.0% |
| March 2013 |
10.4% |
|
| INTEREST RATES |
| 91-day T.Bill (Nominal) |
22.98% |
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| 182-day T.Bill (Nominal) |
23.09% |
|
| 1 Year Note (Nominal) |
22.30% |
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| 2 Year Fxd Rate Note |
22.40% |
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| GHANA STOCK EXCHANGE |
| Last Week Change |
(0.97%) |
| Year To Date Change |
13.77% |
| Volume Traded |
4,288,356 |
| Value Traded |
9,386,392 |
| Market Cap |
57,776.46 |
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| CURRENCIES (INTERBANK) |
| US$/GH¢ |
1.948 |
| Pound/GH¢ |
2.980 |
| Euro/GH¢ |
2.548 |
| CFA/GH¢ |
296.570 |
| Rand/GH¢ |
0.212 |
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| COMMODITIES |
| Gold |
$1,395/oz |
| Cocoa |
$2,333 /tonne |
| Crude Oil |
$99.65pb |
| Coffee |
$143.19 |
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