2009

Telecom stakeholders attending the Telecom World Africa 2009 conference in Cape Town, South Africa, have hailed the Ghana Investment Fund for Electronic Communication (GIFEC) as a laudable model for universal access to infrastructure…

Rukayatu Abubakari, a petty trader in Hohoe, has appeared before a Hohoe Circuit Court for defrauding Mr Ebenezer Lawson, farmer, of 41 bags of charcoal. Rukayatu pleaded guilty to defrauding by false pretences and was admitted to bail in…

An electronic toll collection system became operational on the Accra-Tema Motorway on Tuesday as the government seeks to plug revenue leakages and boost revenue for the Road Fund. Under the new computerised system, whose piloting began on…

The Ghana Interbank Payment and Settlement System (GhiPSS) on Monday launched an electronic cheque clearing system dubbed "Cheque Codeline Clearing with Truncation" (CCC) which will ensure clearance within a day from September this year.…

South Africa's Afgri Ltd. on Wednesday reported a 5 percent jump in annual earnings largely due to a bumper maize harvest, but said a further deterioration of the economy may affect its businesses. South Africa is currently mired in its…

A stock market ripe for a big pullback succumbed Tuesday, plunging when rumors of a bank failure revived investors' anxiety about the banking industry and the economy as a whole. A batch of economic reports that just weren't good enough…

Australia’s economic growth unexpectedly accelerated in the second quarter, driving the nation’s currency higher on expectations the central bank will raise borrowing costs from a half-century low. Gross domestic product rose 0.6 percent,…

Asian stocks fell, giving the MSCI Asia Pacific Index its biggest drop in two weeks, as Seven & I Holdings Co. and Sekisui House Ltd. cut their profit forecasts. Seven & I, the world’s largest convenience-store owner, and Sekisui…

Since it first emerged in April, the global swine flu epidemic has sickened more than 1 million Americans and killed about 500. It's also spread around the world, infecting tens of thousands and killing nearly 2,000. This summer, the virus…

U.S. auto sales boomed in August as $3 billion in government incentives drove sharp gains for Hyundai Motor Co and Ford Motor Co but failed to provide a boost for General Motors Co in its first full month outside bankruptcy. Ford reported…