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Government urged to make Kente Festival national

Nene Nuer Keteku III, Konor of Agotime State, has appealed to the Government to make the Kente festival of the chiefs and people of the Agotime Traditional Area a national event.       He said this was because the cloth was the “single most important and identifiable cultural heritage of Ghana”. …

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Bank of Ghana wants rural banks to computerise operations

The Bank of Ghana (BoG) has introduced an Electronic Financial Analysis and Surveillance System (eFASS) for banks to file their prudential returns on-line. The measure would enable the Central Bank to carry out most of its supervisory duties on-line in order to promote and maintain the integrity of the banking …

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Ghanaian rural banks asked to find strategic allies to stay in business

Rural and community banks have been urged to develop very solid strategic alliances to enable them to stay in business. Mr Eric Osei-Bonsu, Managing Director of the ARB Apex Bank Limited, gave the advice in a speech read on his behalf, at the 21st Annual General Meeting of the Mumuadu …

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Avenor Rural Bank meets strategic targets

The Avenor Rural Bank, headquartered at Akatsi, has met its two-pronged 2008 strategic goals of growth and stabilization, with profit after tax growing from GH¢57.094 in 2007 to GH¢67, 974, a rise of 19.05 percent. Total assets grew from GH¢1,587,793 in 2007 to GH¢1,949, 892 in 2008, representing 23.25 percent …

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Local Assembly acquires earth moving machine for road development

The Ajumako-Enyan-Essiam District Assembly with the support of the Ministry of Local Government and Rural Development has acquired an earth moving machine for the construction and rehabilitation of roads in the district. The District Chief Executive, Mr Peter Light Koomson, who announced this at the second ordinary sitting of the …

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Ghanaian staff say they are ready to take over from AVRL

The local staff members of Aqua Vitens Rand Limited (AVRL) have said they are prepared to take over from the expatriates when their five-year management contract ends in 2011. “We are more than ready to take over the operations of the urban water system from 2011,” said Mr. Daniel Moumolah, …

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Ghana to use abandoned state buildings for business outsourcing

Abandoned and unused state-owned buildings are to be converted to Business Processes Outsourcing (BPO) centres to enable the country attract more subcontracts from the international market. Mr Alhassan Umar, Chief Executive Officer of Information Technology Enabled Service (ITES) Secretariat who told the Ghana News Agency said: “State Construction Corporation (SCC) …

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Adonten Community Bank declares highest profit ever

The Adonten Community Bank made a net profit of GH¢75,943 last year, the highest profit made so far by the bank. This was announced by the Chairman of the Board of Directors, Mr Emmanuel Appiah Korang, at the 11th Annual General Meeting of the Bank at New Tafo, at the …

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Good profiling, marketing can raise Volta’s economic attraction – Minister

Mr Joseph Amenowode, Volta Regional Minister, has observed that good profiling; marketing and exploitation of the region’s resources could raise its economic fortunes remarkably. He was speaking at the launch of the Volta Trade and Investment Fair, scheduled for November 16-22, this year under the theme, “Volta Region –Investors’ Destination”. …

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Minister worries about production of illegal weapons in Ghana

Dr. Kwasi Apea-Kubi, Deputy Minister of the Interior, has expressed concern about the production of illegal firearms by some blacksmiths and said this was fuelling armed robberies, communal conflicts, and chieftaincy disputes. He has, therefore, warned offenders to stop the activity and rather concentrate on making positive contributions towards the …

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