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Mr Kofi Opoku-Manu, the Ashanti Regional Minister, has appealed to automobile assembling and sales companies in the country to partner artisans in Suame magazine, Kumasi, to manufacture vehicles. Suame magazine, he said, has a huge…

Gold soared to a record high above 1,300 dollars on Friday, dragging sister metal silver to a 30-year peak as investment demand propelled precious metals higher. Gold prices struck a record 1,300.07 dollars an ounce in afternoon trade on…

HSBC has confirmed that its chief executive Michael Geoghegan is to be replaced by Stuart Gulliver - currently the head of the group's investment bank. Douglas Flint, currently HSBC's finance director, has also been confirmed as the…

Legislation that targets imports from China and other countries with currencies similarly perceived to be undervalued sailed through the U.S. House Ways and Means Committee Friday, preparing the way for a vote in the full House next week.…

U.S. companies invested last month in computers, communications equipment and machinery, boosting capital goods orders for the third time in four months. The 4.1 percent increase to capital goods in August signaled a rebound in business…

The UN's Food and Agriculture Organization (FAO) is holding an extraordinary meeting in Rome sparked by global fears about high food prices. Friday's meeting will include Russian grain executives. Moscow banned exports after its harvest…

Small-business legislation that President Barack Obama plans to sign into law Monday may be the final pre-election measure enacted by Congress to show its commitment to reviving the economy. The legislation passed the House 237-187 on a…

The Shanghai Construction Corporation of China is to assist Ghana with technical expertise to put up two regional hospitals in Kumasi and Wa. The company, which assisted Ghana to put up the Essipon Stadium in Takoradi and the Tamale…

The Government of Ghana (GoG) and the European Union (EU) will soon sign a Supplementary Contract Finance Agreement for GH¢3.2 million (€1.8m) to finish up a water project began in 2007 for the people of Assin Fosu in the Assin North…

The Bank of Ghana has maintained its policy rate at 13.5%. The announcement was made by the governor of the central bank, Kwesi Amissah-Arthur at a press conference this morning at the bank. He observed that almost a year after most…