Business

Phone subscription goes up – Parliamentary report

There has been a continued increase in telephone subscription for both fixed and mobile lines as a result of growth in infrastructure development and the positive sustenance of competition in the telecom sector, a report of the Select Committee Communication of Parliament has revealed

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Inflation Falls Lowest In Twenty Years

The rate of inflation fell to a near 20-year low of 9.08 per cent in November, a decline of 0.30 percentage points from October, the Ghana Statistical Service (GSS) said yesterday. The rate is the lowest in about two decades since the 8.4 per cent recorded in June 1992

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Ghana Begins Commercial Oil Production Today

A cabinet minister said Ghana’s President, John Atta-Mills, is scheduled to inaugurate the country’s first commercial offshore oil production Wednesday, which he said elevates the West African nation into the exclusive club of oil producing countries

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Govt will take precautionary measures in oil exploitation – Mahama

Vice President John Dramani Mahama on Tuesday reassured Ghanaians that government would implement all necessary precautionary measures that would help avoid the mistakes of other oil rich countries. "We started learning from other countries that had over the years exploited oil and I can assure you that they have been very generous in sharing their experiences in order that we do not suffer the fate they went through."

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1st oil from Jubilee fields on Wednesday

The Euphoria for the first production of the oil from the Jubilee Field is high as Ghanaians wait patiently to celebrate the blessings in two days time with fun fair, pomp and pageantry. Radio Ghana caught up with the Deputy Minister of Energy in Charge of Petroleum, Emmanuel Kofi Buah who commended the technical team and other stakeholders for doing a good job within a scheduled time frame

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Single Spine Salary Structure on Course – E.T Mensah

The Minister for Employment and Social Welfare, Mr. Enoch Teye Mensah, has maintained that government has not deferred the implementation of the Single Spine Salary Structure (SSSS), to next year as being speculated. The delay, he said, is as a result of the slow pace at which institutions are mapping job holders from the Ghana Universal Salary Structure, (GUSS) onto the SSSS

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MTN sells asset to US company

MTN Group has sold 51 per cent of its telecom towers and base stations in Ghana to America Tower Corporation (ATC). Sources close to the deal said the transaction involves the sale of up to 1,876 of MTN Ghana’s existing base station sites for an agreed purchase price of up to $428.3 million, of which ATC will pay about $218.5 million for the 51 per cent stake

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Wal-Mart Discrimination Case to be heard by U.S Supreme Court

The U.S. Supreme Court has agreed to review the largest gender discrimination suit in U.S. history, which has been filed against Wal-Mart. The legal action which may involve as many as 1.5 million current or former female employees of the world's largest retailer. Wal-Mart is accused of giving women less pay and fewer promotions than male peers doing the same work. The Supreme Court will decide if it is reasonable in this particular case for thousands of people with complaints to band together in what is called a “class action suit” against the company

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Oil companies impose Foreign Policy on Ghana

Some of the oil companies operating in the Jubilee Field have taken unprecedented steps to control Ghana's foreign policy and reduce the country to nothing more than an instrument of US hostility against other countries. In a proposal to the Government of Ghana, the Companies are insisting that Ghana should automatically apply US sanctions against Iran, Cuba and Sudan

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John Mahama: Utility Companies must improve services

Vice President John Dramani Mahama on Tuesday directed the Utility companies to step up their performance in order to justify the recent upward tariff adjustments. "Ghanaians are increasingly becoming disturbed about your services and there is a dire need for you to set up performance targets and standards coupled with better supervision in order to churn out better services to your customers

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Government Signs $6bn Railway Contract

The Government of Ghana and the China National Machinery Import & Export Corporation (CMC) has signed a US $ 6,050 billion contract agreement for the construction of a railway infrastructure from Nsawam through Kumasi to Paga and from Tamale to Yendi

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51,000 Jobs to created by Govt.

Collins Dauda

Alhaji Collins Dauda, Minister of Lands and Natural Resources, on Friday November 26, said the government was rolling out a National Forest Plantation Development Programme with an employment target of 51,000 jobs. He said the programme, which was being implemented in all 170 political districts of the country, has a planting target of 51,000 by the end of 2011

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World Bank: Ghana is best reformer

The International Finance Corporation (IFC) of the World Bank has hailed Ghana as the global best reformer in improving access to credit. In its 2011 Report – Making a Difference for Entrepreneurs – the world body pledged its support for the government to implement investment

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