June 2011

Chase Petroleum Ghana Limited (Chase) has chosen AspectCTRM Standard Edition (SE), a web-based multi-commodity trade and risk management system from UK-based company, Aspect Enterprise Solutions, to manage its oil trading and risk…

The World Bank-led Global Gas Flaring Reduction partnership (GGFR) says reductions in gas flaring in several countries helped bring down flaring to 134 billion cubic meters (bcm) worldwide in 2010. Citing the latest satellite estimates…

Alcatel Lucent, the Paris-based telecoms solution provider has announced an innovative product that it says would revolutionise the Internet. In a press release issued June 28, 2011 and copied to ghanabusinessnews.com, the company says it…

Fifty-eight million young women in developing countries – one in three – have been married before the age of 18 in the last decade. Many of these marriages were against the will of the girls and in violation of international laws and…

The management of Food and Drugs Board (FDB) on Wednesday informed the general public that it had confiscated 4,706 cartons of unwholesome weevil infested spaghetti. A statement signed by Dr Stephen K. Opuni, Chief Executive of the Boar in…

The Upper West Regional Executives of the National Democratic Congress (NDC) and the New Patriotic Party (NPP) have been blamed for boycotting the 11th Annual Constitution Week Celebration in Wa even though they were invited. Mr. Ben…

Majority of public sector workers in Ho are in a fix as to when their June salaries would be paid. Since Monday, June 27, they have been calling at the various banking halls in anticipation of withdrawing their salaries but had to leave in…

Government on Wednesday said Ghana’s total debt as of May 2011 was $13.4 billion and the national debt at the end of the 2008 Financial Year was $8.1 billion. A statement signed by Deputy Minister of Information, Mr Samuel Okudzeto Ablakwa…

Stanbic Bank, a subsidiary of the Standard Bank Group in South Africa says it has closed a $60 million senior revolving loan with Gold Fields Ghana, according to a Reuters publication June 29,2011. The loan, which is a 3-year facility,…

The former Chief Executive Officer of Vodafone Ghana, Mr. David Venn has been appointed the new CEO of Augere Holdings BV, a broadband providing company based in the Netherlands. Mr. Venn, who replaces Sanjiv Ahuja as CEO, will be based…