The head of the International Monetary Fund is urging national leaders to act quickly and boldly to counter a crisis of confidence that is hurting the global economy. IMF Managing Director Christine Lagarde spoke Friday ahead of a gathering of top economic officials from the world’s leading industrialized nations

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Standard Chartered Bank has recorded a strong set of results in the first half of 2011, delivering a strong income and profit and raising its balance sheet, the Chief Executive Officer of the Bank, Mr. Kweku Badu-Addo, has disclosed

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Vice President John Dramani Mahama has in a veiled manner, responded to criticism from the New Patriotic Party’s (NPP) flagbearer, Nana Addo Dankwa Akufo-Addo criticism of the Mills-Mahama government’s contraction of loans

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Vice President John Dramani Mahama yesterday reiterated Government’s commitment to re-open the defunct Kumasi Shoe Factory in the Ashanti Region before the end of this year

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Media General Ghana Ltd (MGG), a wholly Ghanaian owned company, has taken-over the management of TV3 Network Limited. A statement copied to the Ghana News Agency Monday night said: Media General Ghana has “satisfied completely all the necessary requirements to take-over the 90% equity interest in TV3 Network

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Consumers will from 1st September pay 7 per cent more for electricity and 6.72 per cent for water. The latest adjustment was announced Monday afternoon by the Public Utilities Regulatory Commission (PURC). This is in line with the periodic adjustment of tariffs when the factors that influence production costs change

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The Bank of Ghana (BOG) has said it would investigate allegations made against officials of the Adansi Rural Bank brought and would address problems the bank is facing. Some of the allegations are granting of huge credit facilities to individuals and businesses, giving loans to directors without BOG’s ratification

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Parliament on Friday endorsed the famous $3.00 billion Masters Facility Agreement between the government of Ghana and the Republic of China Development Bank (CDB), but with members of the Minority abstaining

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The Informal Sector Fund (SISF) of the Social Security and National Insurance Trust (SSNIT) is exploring ways to rollout a Diaspora Retirement Scheme for Ghanaians living abroad. Mr William Sasu, General Manager in-charge of Finance and Administration, said the Scheme, which will kick-start with the United Kingdom and the United States

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The Finance Committee of Parliament has recommended for approval by majority decision, a $3 billion loan agreement between the Government of the Republic of Ghana and the China Development Bank. The Minority members of the Committee disagreed with the decision, especially with portions governing subsidiary agreements, but lost when a vote was called, Citi News understands

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The U.S. is easing 500 government regulations it says will save businesses $10 billion over the next five years and help boost job growth in the country. The government said the changes will affect rules at more than two dozen agencies, regulations that American businesses have often said are onerous and needlessly cut their profits

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Policy think tank, Danquah Institute (DI) has raised an alarm over what it describes as the "strange and dangerous” manner in which the Mills-Mahama led National Democratic Congress government is trying to secure a $3 bn Chinese loan facility to finance a number of projects, including the Achimota-Ofanko Road, a $150 communications infrastructure for the National Security Council and a $100 million capacity building exercise for the Ghanaian SMEs

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A U.S. investment bank says that the U.S. and Europe are “dangerously close” to a new recession because of economic policy errors they have made. Wall Street bank Morgan Stanley warned Thursday that the U.S. and the 27-nation European Union are hovering close to a recession within the next year, which it defined as economic contraction in two consecutive three-month periods

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Mr Gerard Duijejes, the Netherlands Ambassador to Ghana, has appealed to the Regional Ministers of the Northern, Upper East and Upper West to be more active in the search for development partners to help improve on the living conditions of the people

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Mr Javed Talat, Executive Director of the World Bank yesterday called on the Government to fashion out mechanisms that will help check the ever-growing population to solve development challenges

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President John Evans Atta has summoned a special Cabinet meeting this week to find lasting solution to the Liquefied Petroleum Gas (LPG) challenge facing the country. The decision to meet came after a Special Team set up to investigate the challenge presented its final report to the president at the weekend

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