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Researchers in Texas are making car parts out of coconuts

A team at Baylor University has made trunk liners, floorboards and car-door interior covers using fibers from the outer husks of coconuts, replacing the synthetic polyester fibers typically used in composite materials. The approach has potential because coconuts are an abundant, renewable resource in all countries near the equator, including …

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Smuggling of Ghana’s cocoa leads to fall in purchases

Ghana’s Cocoa Board bought 4.8 percent fewer beans from farmers so far this season because of cross-border smuggling to Ivory Coast that may result in annual output targets being missed, its Chief Executive Officer said. The Accra-based board purchased 400,000 metric tons of beans from growers since the season began …

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AI calls on President Mills to commit to human rights

Amnesty International (AI), the global human rights pressure group has called on newsly installed President John Atta Mills to commit to human rights. In a statement published on the organization’s website Thursday  January 8, 2009, a day after President Mills was inaugurated into office after a nail-biting election in December,  …

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Local businesses will thrive under my government – Mills

President John Evans Atta Mills says local businesses will thrive under his government. Speaking at his inauguration Wednesday December 7, 2009, he said, “I will create the atmosphere in which the resuscitation of local businesses will go hand in hand with the growth of foreign investments.” The President said he …

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Oil falls 12% as U.S. supplies rise

Oil futures tumbled 12 percent, the most in more than seven years, after a U.S. government report showed bigger-than-expected increases in supplies of crude oil, gasoline and distillate fuel as consumption dropped. Inventories of crude oil rose 6.68 million barrels to 325.4 million barrels last week, the highest since May, …

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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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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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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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