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The European Union (EU) Delegation in Ghana on Tuesday said if Ghana’s oil find was well developed, the country would be able to wean itself from its dependency on donor funding by 2020. Mr Claude Maerten, Ambassador and Head of…

Canadian drilling tool manufacturers, Fordia has strengthened its presence in Africa, with the inauguration of its first office in Ghana, as a hub to handle its West African operations. The office, which started operations about two weeks…

The French Embassy would organise a workshop for 850 newly elected assembly members in the 17 Metropolitan, Municipal and District Assemblies in the Western Region, to educate them on their responsibilities and basic mandate. The workshop,…

The New Patriotic Party (NPP) on Tuesday assured all aggrieved candidates in last weekend’s parliamentary primaries that their complaints would be looked into by the party. “A fair hearing will be given anybody aggrieved from the…

Vice President John Dramani Mahama on Tuesday gave the assurance that Ghana would step up its economic transformation programme to step into the economic achievements of Singapore and other advanced economies. “Ghana takes a lot of…

Oil prices fell to below $111 a barrel Wednesday in Asia as a report showed U.S. crude supplies rose more than expected last week, suggesting demand growth could be waning. Benchmark crude for June delivery was down 46 cents at $110.59 a…

Portugal's caretaker prime minister Jose Socrates says he has reached agreement on a bail-out from the EU and the International Monetary Fund. In a televised statement, Mr Socrates said the three-year loan was a "good agreement that…

The US Justice Department has sued Deutsche Bank for more than $1bn (£600m) for defrauding the government. The complaint says Deutsche's MortgageIT subsidiary lied in order to get Federal Housing Administration (FHA) insurance for its…

House prices resumed their downward trend during April as the property market remained volatile, new figures show. The average home lost 0.2% of its value during the month, leaving it costing £165,609, according to Nationwide Building…

Japan's Nissan Motor has won a contract to provide the next generation of New York's famous yellow taxis. The deal, which is estimated to be worth $1bn (£607m) was announced by Mayor Michael Bloomberg. The design will be based on Nissan's…