Business

Bagbin: STX is not dead

The Minister for Water Resources Works and Housing, Alban Bagbin has stated that the problems preventing the commencement of the controversial STX Housing project is the many differences between the Ghanaian and the Korean partners

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Ghana calls for action against pirates

National Security Advisor, Brigadier General Joseph Nunoo-Mensah, has called for regional coordination and leadership in developing a comprehensive strategy to address the threat of piracy in West Africa’s Gulf of Guinea current spate of piracy in the Gulf of Guinea

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Ghana-German Industrial Fair Opens

The government has launched a comprehensive industrial policy and clear cut industrial support programmes to enhance economic development, Ms Hannah Tetteh, Minister for Trade and Industry, said today. She said the government is implementing measures that will increase industrial production and productivity to add value to commodities

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Prez Mills: World Bank Is Supportive Of Chinese Loan

President John Evans Atta Mills yesterday said the World Bank is supportive of Ghana’s initiative to access $3 billion Chinese assistance for the development of infrastructure. The Bank, he said, in no way frowns on the assistance from the Asian nation, but is supportive of Ghana’s efforts to access and make funds available to boost its infrastructure development

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Mills: Take Advantage Of Ghana’s Potential

President John Evans Atta Mills has urged the international community to take advantage of the investment opportunities in the Ghanaian economy and invest in the country. He said, Ghanaians had learnt lessons from the challenges that confronted the country over the years, stressing that the environment was ripe and “we are now ready to move ahead.”

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John Mahama: Gold And Oil Cannot Develop Ghana

Vice President John Dramani Mahama has stated that the destiny of Ghana was not her ability to exploit gold, oil and gas, but that to produce more food to feed her citizens and export some. He said although gold and oil could be contribute substantially to national development but it was only farming that was dependable and could permanently move the people out of perpetual poverty and deprivation

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Ghana’s GDP For Second Quarter Up

The seasonally adjusted real Gross Domestic Product (GDP) in the second quarter of 2011 closed at 34 per cent up compared to 31.5 per cent recorded in the same quarter in 2010. This indicates a remarkable increase in business activity in the country, the Ghana Statistical Service (GSS) announced yesterday in Accra

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Dr Kwabena Duffuor Leads Delegation To IMF/World Bank Meeting

Dr Kwabena Duffuor, Minister for Finance and Economic Planning, is leading a Government delegation to the 2011 IMF/World Bank Annual Meetings to be held in Washington from September 20 – 26, 2011. A release issued by the Ministry in Accra yesterday said the delegation is made up of officials from the Bank of Ghana including the Governor, Director General of National Development Planning Commission (NDPC) and officers from the Finance Ministry

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Europe’s Debt Woes Pose Opportunities for China

Beijing officials reaffirmed China's commitment to the euro currency and the European economy as uncertainty grows over whether E.U. officials can quickly recover from their debt crisis. In a statement to reporters, Foreign Ministry spokesman Hong Lei said he hopes Europe has the ability and wisdom to overcome its debt crisis and ensure the safety of Chinese investments

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Ghanaian engineer wins top award

A 31-year-old Ghanaian geodetic engineer, Richard Appiah Otoo, has won the African Geospatial Excellence Award for Utilities Management. Mr. Appiah Otoo, Geographic Information on Systems Manager (GIS) at Ghana Water Company Ltd. , (GWCL) received the prestigious award at a ceremony during the 6th Africa Geospatial Forum held in Nairobi, Kenya, on September 6th, 2011

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Veep to Banks: Reduce Interest Rates

Vice President John Dramani Mahama yesterday called on Ghanaian Commercial Banks to reduce their interest rates for trade to flourish and reflect the current economic trends in the country. The reduction, he explained would also facilitate rapid economic growth and provide conducive atmosphere for trade, commerce and employment

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Top Mills Economic Advisor Dies

The Chairman of the Economic Advisory Council to President Mills Dr. Gobind Nankani has died. The demise of the 62 year old happened on September 9 in Maryland in the United States of America. Until his death, Dr. Nankani was a well respected economist who held senior economist management positions in various regions and sectors throughout his 30-year career at the World Bank

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