Gold hits record price at above $1,300

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 in major boardroom shake-up

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…

UN meets on fears of high food prices

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…

Bank of Ghana maintains policy rate at 13.5%

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…