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Rural and community banks want to be directly engaged in the disbursement of government loans to small and medium scale businesses. The Micro Credit and Small Loans Centre (MASLOC) is set to advance money to new beneficiaries under the…

The export of timber products from Ghana has suffered further decline in 2009 following low exports in 2008. According to the International Tropical Timber Organisation (ITTO), compared to 2008 exports of 430,081 cubic meters for the first…

Newmont Gold Ghana has agreed to pay compensation to local communities affected by its cyanide spillage from its Ahafo Mine. In a press statement copied to ghanabusinessnews.com, Newmont Gold said it had received notification from the…

The Ministry of Trade and Industry on Monday inaugurated a nine-member ministerial board with a call on members to explore new avenues of energising the private sector to boost local production. Ms. Hanna Tetteh, the sector Minister, who…

Vice President John Dramani Mahama, on Monday cut the sod for commencement of work on additional 132 megawatts combined cycle power plant, at the Thermal Power Station at Aboadze near Takoradi. The Vice President, who was assisted by…

Ghana Commercial Bank Limited (GCB) has been adjudged the bank of the year in 2009 at the global Bankers Awards dubbed: “Investment Banking Awards 2009,” held in London, United Kingdom (UK). GCB emerged the best bank in Ghana in the…

Mr Jones Tommy Smart, Nkoranza South District Coordinator of the National Youth Employment Programme (NYEP), has called for adequate remuneration for community fire volunteers to motivate them to protect the environment. He said if…

The Driver and Licensing Authority (DVLA), has reiterated that for the safety of road users, people who cannot read and write must not be issued with driving licenses. Mr Vincent Fiati, Eastern Regional Director of the DVLA, said…

The Western Regional Office of the Forestry Commission has launched an operation to stop the destruction of forest reserves through illegal farming and timber felling. The exercise code-named “Operation Halt” would involve the surveillance…

Oil prices rose above $78 on Tuesday on expectations that Chinese economic indicators to be published this week will signal strong demand growth from the world's second-largest oil consumer. China's industrial output probably jumped by 20…