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World Bank warns of bleak economy for Ghana

The World Bank has painted a gloomy picture of the Ghanaian economy, saying that the macro-economic situation that the incoming government will inherit is “extremely worrisome”. In a January Report signed by the bank’s Country Director in Accra, Ishac Diwan, and copied to the Minister of State at the Ministry …

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President Mills inaugurated

President John Evans Atta Mills was Wednesday January 7, 2009 sworn into office as the third President of the Fourth Republic of Ghana. The ceremony which was attended by a throng was conducted at the Independence Square in Accra. President Mills was sworn into office by the Chief Justice Mrs. …

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Ghana’s Parliament asked to acquire plane

An outgoing Member of Ghana’s Parliament has asked the House to buy a plane for its travels. Mr Abraham Ossei Aidooh who was Minister of Parliamentary Affairs in the New Patriotic Party (NPP) government said Tuesday January 6, 2009 that Members of the incoming Parliament should look for funds for …

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Apple to end music restrictions

Apple Inc has agreed to start selling digital songs from its iTunes store without copy protection software. At present, most music downloaded from Apple’s iTunes store can only be played through an iTunes interface or iPod. The new agreement with Sony BMG, Universal, and Warner Music will end digital rights …

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Nigerian gangsters get a foothold in Italian mafia

As the African gangs gain clout, conflict with the Neapolitan mafia known as the Camorra intensifies, made brutally clear by an attempted hit that left six Ghanaians dead. Soaring on cocaine, guns smoking, the Camorra hit squad sped down the Via Domitiana, the road built along the Bay of Naples …

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Take advantage of ECOWAS – Investment Consultant

The President of the Ghanaian-German Economic Association (GGEA), Mr Stephen Antwi, has urged the country to take advantage of the West African market to grow local businesses. An ardent believer in regional markets and blocs, Mr Anwti, a management and investment consultant, said in an interview that from 2009 onwards …

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Oil and gold most promising commodities in 2009

As most commentators will be aware, after a disastrous 2008 for commodities, and even more so for many commodities stocks, prediction is a hazardous business. While many were only too well aware at the beginning of 2008 of the vulnerabilities in the global economy, few stuck their necks out to …

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Kofi Boakye back into Police Service

Assistant Commissioner of Police (ACP) Kofi Boakye has been reinstated into the Ghana Police Service with full benefits after serving nearly three years of interdiction. A Joy News report monitored by ghanabusinessnews.com Tuesday January 6, 2009 says the reinstatement takes immediate effect, one day before President J. A. Kufuor leaves …

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Tsikata’s family to go to court to clear name

The family of former Ghana National Petroleum Authority (GNPC) boss, Tsatsu Tsikata say they would pursue his case in court until his conviction is overturned. Mr Tsikata was sentenced in June 2008 for willfully causing financial loss to the state and misappropriating public funds. President John Agyekum Kufuor on the …

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Business in Kumasi comes alive

Business activities in the Ashanti Regional capital, Kumasi, have once again resuscitated a few days after going into recession, following the defeat of the incumbent New Patriotic Party (NPP) in the general elections. Residents in the metropolis seem to have put the past and severe trauma suffered as a result …

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