Business

Russia’s Slow Engagement Hinders Marriage

Over two decades China has made a huge success in implementing its long-term strategic foreign policy while Russia is still struggling to engage Africa. A critical assessment shows that Russia's problem of winning Africa back stems primarily from lack of political will and concrete policy agenda

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Buziness Africa Gets Transport Award

At the 7th annual awards ceremony that took place in State Kremlin palace accompanied by a grand concert of both Russian and international pop stars, and festive banquette organized with support from Russian Ministry of Transport, Ministry of Foreign Affairs and the State Duma in Moscow, Buziness Africa media became the first African organization to receive the 2011 Golden Chariot Prize

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CEPA doubts 9.6% anticipated Ghana growth rate

The Centre for Policy Analysis (CEPA) is uncertain of Ghana’s projected growth rate of 9. 6 per cent for next year, according to a study it conducted on the growth potential of Ghana in 2012. CEPA said since Ghana will not make the estimated revenues from the projected 120,000 barrels of oil per day, this is likely to affect the growth rate next year. The Jubilee Oil partners announced that the 120,000 barrels of oil per day target

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Budget: US$ 1.6 billion required for infrastructure

Dr Kwabena Duffuor, Minister for Finance and Economic Planning, said Ghana would need about US$ 1.6 billion per year to meet the country's infrastructure needs in the next ten years. He said sustaining the medium term growth targets set for the country, would require a significant scaling up of investment spending. Dr Duffuor, who was presenting the 2012 budget to Parliament in Accra on Wednesday, said even though Ghana’s fledgling oil and gas industry presented new opportunities for mobilizing additional

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2012 Budget promises hope, doom; political parties react

His statement has drawn reactions, albeit partisan, from some leading political party representatives in the country. The General Secretary of the ruling party Johnson Asiedu Nketia told Joy News’ Bernard Saibu it is the best budget he has listened to so far. He said contrary to past experiences in which the country’s economy takes a nose dive in election years, this budget, which would also be

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GCB Partners Western Union

Ghana Commercial Bank (GCB), the nation’s premier bank has entered into partnership with Western Union, a worldwide money transfer service provider to offer remittances in the country. GCB, with 282 service outlets, thus becomes the 11th banking and financial institution to partner Western Union in this direction

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Ghana snubs IMF over $3bn Chinese loan

The President of Ghana, John Evans Atta Mills, intends to pull Ghana out of the International Monetary Fund in a final bid to end moves by the Christine Largarde-led funding agency to suffocate the US$3 billion loan the NDC government wants from the China Development Bank (CDB)

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FBN Capital Hosts Maiden Investor Conference In Lagos, Nigeria

FBN Capital, the investment banking and asset management business of First Bank Group, will host its maiden Investor Conference from 28 to 30 November 2011 at the Eko Hotel in Lagos, Nigeria. The conference is an annual event designed to facilitate the development of innovative partnerships and strategies for maximising investment opportunities in Nigeria

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New online payment service launched

A new online payment service- iWallet- has been launched in Accra. Put together by Dream Oval Ltd., a young group of Ghanaian entrepreneurs, the service is to revolutionarise e-commerce in Ghana. With iWallet consumers are able to make purchases of products and services of any kind anywhere at the comfort

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Ghana Not Going Back To HIPC – Finance Ministry

The Ministry of Finance and Economic Planning (MOFEP) has dismissed prognosis by the Institute of Economic Affairs (IEA) on the nation’s public debt, saying it is “a complete exaggeration for any individual or institution to surmise that the nation will be going back to the Highly Indebted Poor Country (HIPC) Initiative.”

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