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Australian-based oil company, Tap Oil Limited (Tap) has increased its stake in the Offshore Accra Contract Area from 40% to 45%. Tap purchased the additional 5% from Challenger Minerals Incorporated, a partner in the contract, for $1.5…

Ghana is currently exporting 65,000 metric tonnes of banana per year, Trade and Industry Minister Hanna Tetteh says. In the last five to six years, the country has increased its banana exports from 4000 metric tonnes to 65,000 tonnes per…

Mr Daniel Eshun, District Chief Executive for Ellembelle, has described unauthorised small scale mining in the area also known as galamsey as the bane to development in the area. He said the increase in galamsey operations in areas such…

The Brong-Ahafo Region has recorded a marginal progress in the management of the HIV/AIDS as the regional prevalent rate of 2.0 percent for 2010 indicates a decrease of 0.9 percent over the 2009 rate, Mr. Eric Opoku Deputy Regional…

The Tema Oil Refinery on Friday started distributing 1,500 metric tones of Liquefied Petroleum Gas (LPG) to the Oil Marketing Companies. Mrs Abba Lokko, Public Affairs Manager of TOR, told the GNA that TOR took delivery of the product on…

A research conducted by the Danquah Institute (DI) in three European countries indicates that more than 60 per cent of the total remittances sent to Ghana in 2010 were through illegal money transfer routes. The study stated that these…

The Kwahu Rural Bank mobilized GH¢5.9 million deposits last year as against GH¢3.5 million in 2009. The figure represents 68.57 per cent increase, and total assets rose from GH¢5 million two years ago to GH¢7.8 million last year, an…

The annual inflation rate dropped by 0.20 percentage points to close at 8.39 per cent in July 2011, down from 8.59 per cent recorded in June 2011, the Ghana Statistical Service (GSS) said on Wednesday. The July rate of 8.39 per cent is the…

The Board of Directors of Ghana Oil Company Limited (GOIL) on Tuesday announced the appointment of Mr Kojo Bonsu as Acting Managing Director (MD) with retrospective effect from August 1, 2011. Mr Bonsu, a Member of the Board, will continue…

The Tema District Council of Labour (TDCL) has expressed its dismay at the Minister of Finance’s inability to address several tax resolutions sent to him by the Council. The Council said the Minister also failed to acknowledge receipt of…