AFRICA

Prof. Sachs Describes Tax Havens As The Most Dangerous Scam Now

A world renowned economist has called for the end of tax havens in the world economy. Read More | View Original Article

UT Bank Gets Approval For A $20m Trade Credit From AfDB

    The African Development Bank (AfDB) has agreed to provide Ghana’s UT Bank a $20 million trade finance line of credit. The Bank’s Board of Directors approved the credit May 22, 2013. Read More | View Original Article

Fear Grips 120 Workers At GRA And CEPS

It has emerged that more than one hundred and twenty (120) workers of the Ghana Revenue Authority (GRA) and Customs Excise and Preventive Services (CEPS,) are living in morbid fear and anxiety of losing their jobs at the end of this financial year. It shows the depth of panic among workers, particularly the heads of [...] Related posts: Anxiety Grips MBC Workers. Over Job Losses Read More | View Original Article

JA Plant Pool Hits 5, Launches New Trucks

JA Plant Pool Limited, a subsidiary of Jospong Group of Companies has launched its five years anniversary. It has also launched its new brand of trucks, Sinotruk A7 trucks in Accra. For the past five years, JA Plant Pool has extended its services beyond the shores of Ghana in supplying buses, trucks, equipments and after [...] No related posts. Read More | View Original Article

rLG Institutes Enterprise Project

The National Sales Manager of rLG Communications Limited Mr Kofi Yirenkyi said rLG in its numerous interventions to reduce the rate of unemployment in the country has instituted an enterprise project aimed at offering back up support to trainees of the ICT module and other individuals who are desirous of making themselves economically viable. Read More | View Original Article

Srinivasan Venkatakrishnan Is AngloGold Ashanti’s New CEO

Srinivasan Venkatakrishnan The Board of Directors of AngloGold Ashanti (AGA) has announced the appointment of Mr Srinivasan Venkatakrishnan (Venkat), as Chief Executive Officer (CEO) with immediate effect. This was contained in press statement released in Accra on Wednesday by Strategic Communications Africa (Stratcomm). It said Mr. Read More | View Original Article

IFC to give 240 SMEs in Ghana business training

  The International Finance Corporation (IFC) has signed a pact with Advans Ghana Savings & Loans Ltd to train a new set of 240 SMEs in Ghana under its Business Edge programme. Read More | View Original Article

World Bank announces support of $1b fund for Great Lakes peace agreement

The World Bank Group has announced an amount of $1 billion in proposed new funding to help provide better health and education services, generate more cross-border trade, and fund hydroelectricity projects in support of the Great Lakes peace agreement that was signed by 11 countries in February. Read More | View Original Article

According to BoG Ghana’s Energy Crisis Has Slowed Business Confidence & Optimism

The Bank of Ghana has stated that the country’s current energy crisis has had a negative impact on business confidence and optimism. Ghana has been experiencing power supply shortfall against rising demand leading to blackouts especially in the capital, Accra. Read More | View Original Article

Determining your employee’s salary

Complying with wage and salary law and doing payroll are vital components in the process of paying your employees. First, however, you must decide what amount to pay them. Pay packages have so few rules. Read More | View Original Article

Factory Prices Reduce To 10.2% In Ghana

Dr Philomena Nyarko The average change over time in the prices for materials received by domestic producers for the production of their goods and services  reduced by 0.4 percentage points year-on-year in April 2013 to 10.2 percent from 10.6 percent recorded in March 2013. Read More | View Original Article

President Ask Ghana Commercial Bank To Support Start-up Businesses.

President John Mahama President John Dramani Mahama has asked the Ghana Commercial Bank (GCB) to design innovative financial products to help the private sector, particularly the youth, in their start-up businesses. Read More | View Original Article

‘Engage Qualified Professionals To Reduce Corruption’

Samuel Sallas-Mensah (Middle) with other executives at the Conference Samuel Sallas-Mensah, Chief Executive of Public Procurement Authority, has emphasized the need to invest in qualified procurement professionals to eliminate corruption in Africa. He said countries that are practicing effective procurement systems are on course to eliminate corruption. Read More | View Original Article

Bank of Ghana Examines Merchant Bank Deal

Dr Kofi Wampah The Bank of Ghana (BoG) says it is examining the merger between FirstRand Bank of South Africa and Merchant Bank Ghana to ensure that all stakeholders, including government, which holds trust for the public, are satisfied with the contract before it endorses it. Dr. Read More | View Original Article

GNPC Reacts to Corruption Allegations Published in Public Agenda

Our attention has been drawn to a front page publication in The Public Agenda newspaper of Monday, May 20, 2013 under the banner headline: “Bank of Ghana, GNPC Rubbish Transparency Rules…Refused to provide oil revenue data for audit”, authored by one Mohammed Suleman. Read More | View Original Article

$600 Million Sugarcane Investment to Create 1 Million Jobs-Dangote

Africa’s richest man and President, Dangote Group of Company, Aliko Dangote, has declared that the sugar arm of his company will invest over $600million in the production of sugar in Kebbi, Kwara and Sokoto states. Read More | View Original Article

Countries must work for affordable health care services to end extreme poverty

 The World Bank Group would help countries tackle two major challenges as they advance toward universal health coverage:  to ensure no family is forced into poverty because of health care expenses, and to close the gap in access to health services and public health protection for the poorest 40% of the population in every country, [...] Related posts: World Bank study calls for increa Read More | View Original Article

Low Commodity Prices Drove BoG to Increase Policy Rate to 16%

The Bank of Ghana has increased the policy rate  by 100 basis points to 16% from 15%. Read More | View Original Article

Ghana’s envoy to Holy See Is Sir Bebaako-Mensah

  Sir Bebaako-Mensah receiving his letters of accreditation from the President. The President, John Mahama has today May 22, 2013 sworn-in Sir James K. Bebaako-Mensah as Ghana’s envoy to the Holy See (The Vatican). By his appointment, the former Secretary to the President of Ghana becomes the first envoy to be accredited to the Vatican. Read More | View Original Article

In The 1st Four Months Of 2013 Ghana Made 3.8% In Deficit

  Ghana’s deficit hits 3.8% of GDP in the first four months of 2013, the central bank said today May 22, 2013 based on provisional estimates. Read More | View Original Article

J.A Plant Pool Asked To Cut Down Importation Of Auto Parts.

Minister for Transport, Mrs. Dzifa Aku Attivor, has asked J.A Plant Pool Ghana Limited to consider cutting down its importation of auto parts into the country. According to her, she has observed with great concern the high cost of vehicle spare parts in the country. That, she stated, was worrying. Mrs. Read More | View Original Article

Ghana’s SWIFT payments increased to about 20% as at March 2013

Financial payments in Ghana using the SWIFT platform recorded nearly 20% traffic in 12 months to March 2013. According to SWIFT, its message businesses in Ghana’s securities markets rose by more than 56% during the period. Read More | View Original Article

NPA Ask For Tema Oil Refinery Privatization.

Alex Mould – CEO of National Petroleum Authority Alex Kofi Mould, Chief Executive Officer (CEO) of National Petroleum Authority (NPA), says until Tema Oil Refinery (TOR) is privatized or sold to private investors, it cannot perform to expectation, let alone compete internationally. Read More | View Original Article

Bank of Ghana To Maintain Prime Rate

Dr Kofi Wampah Bank of Ghana (BoG) is expected to maintain the Prime Rate, the rate at which it lends to commercial banks today. Analysts have predicted that the Central Bank would not change the policy rate, as inflation, one of the major determinants of interest rate, has been stable for some time now. Read More | View Original Article

Investor confidence in Ivory Coast to raise with help from IFC

  The International Finance Corporation (IFC) has signed an agreement to support better investment climate for business growth in Ivory Coast. The country suffered a major setback in its business environment after it went into a political crisis in 2010-2011. Read More | View Original Article

Metro Mass Transit Manager Blows Over ¢200 Million

Some concerned workers of the Metro Mass Transit (MMT) Limited at the Western Regional Office in Sekondi are up in arms against the regional boss of the state transport company (name withheld) for allegedly duping the company to the tune of over GH¢20,000. Read More | View Original Article

Eastern Regional ASSI Appeals for the involvement of MSEs in economic devlopment

  The Eastern Regional Branch of the Association of Small Scale Industries (ASSI) has appealed to the Eastern Regional Coordinating Council (RCC) to ensure that Municipal and District Assemblies in the region involve Micro and Small- Scale Enterprises (MSEs) in their economic development. Read More | View Original Article

Italy To Supports Ghanaian SMEs With €10 million.

Laura Carpini with Haruna Iddrisu in a discussion The Italian Government is to release initial €10 million to support the growth of Small and Medium-scale Enterprises (SMEs) in Ghana through a Credit Facility. Read More | View Original Article

Otumfuo Charges Manufacturers To Produce Quality Goods

Otumfuo Osei Tutu II The Asantehene, Otumfuo Osei Tutu II has tasked local manufacturers to produce quality goods in order to attract the attention of consumers and boost businesses. He observed that constant demand by people in authority for Ghanaians to patronize locally manufactured goods would be in vain if manufacturers always produce inferior goods. Read More | View Original Article

Investor Interests Moves Hope City Project To Prampram

The construction site for Africa’s biggest technology park by rlg ,HOPE CITY has now been shifted to Prampram from the initially planned Donkonaa, an area between Weija and Kasoa. The change is to satisfy investor interests and to ease the difficulty in the acquisition of more lands for the $10 billion project. Read More | View Original Article