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Man fined GH¢220 for stealing grasscutters

A Sekondi District Magistrate’s Court on Monday fined Stephen Cudjoe 38, GH¢220 on his own plea for stealing two grasscutters valued at GH¢100. In default, Cudjoe would serve three months imprisonment in hard labour. Prosecuting, Assistant Superintendent of Police (ASP) Albert Deletsa said the complainant, Richard Essien a trader residing …

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Factory prices in Ghana drop

The annual percentage change in the Producer Price Index (PPI), which is the percentage change for all industry, between November 2007 and November 2008, which measures inflation in prices of goods at production level, recorded 19.35% for November this year. This implies that ex-factory prices for all industry, which includes …

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Oil prices fall below $40 on fears of weaker crude demand

Oil prices fell Tuesday in Asia, adding to a sharp drop overnight, as concern that energy demand is evaporating in the face of a severe global economic slowdown sent crude below $40 a barrel. Light, sweet crude for February delivery fell 64 cents to $39.27 a barrel in electronic trading …

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Ghanaian youth asked to stay away from cyber fraud

The youth, have been tasked to work hard to achieve academic excellence and progress in their chosen professions rather than engage in cyber fraud. The Reverend Enoch Osafo, Pastor in charge of the Taifa Central branch of the Christ Apostolic Church International, expressed his regret over the misuse of the …

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GhIPPS not preventing private operators from electronic payment system – CEO

The Chief Executive Officer of Ghana Interbank Payment and Settlement Systems (GhIPPS), Mr Frederick France, has dismissed suggestions that private electronic payment service providers are being prevented from carrying out their operations. “It is not true that GhIPPS is preventing the private switch providers from the market. Our task is …

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GCB to introduce mobile banking next year

Ghana Commercial Bank (GCB) on Monday said it would introduce mobile banking services next year to enable its customers to transact banking businesses even outside of banking halls. This new service is aimed at bringing banking operations closer to customers, especially very busy ones, who do not have time to …

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Atwima Rural Bank records profit

The Atwima Rural Bank recorded a net profit of GH¢58,358 after tax, from its operations during the year 2007, as against GH¢33,221 in the previous year. Mr Kwabena Awuah, Chairman of the Board of Directors, who announced this at the 23rd Annual General Meeting of the bank at Foase in …

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Dutch export agency trains Ghanaian exporters

The International Trade Centre (ITC) and the Dutch Import Promotion Agency (CBI) in collaboration with the Ghana Export Promotion Council (GEPC) on Tuesday began a series of training workshops to strengthen capacities of management consultants and export advisors. The workshop to be run in batches over a six-month period would …

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Gov`t develops HRD strategy for hospitality institutions

The government has developed a comprehensive Human Resource Development (HRD) Strategy to process, standardize and improve the curriculum for all the hospitality training institutions at the pre-tertiary level in the country. This strategy would ensure that all the institutions have uniform curriculum, examinations and certification for their students to help …

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Gov`t gives $235m to ECG

The Government of Ghana (GoG) has allocated an Investment Credit Facility of $235 million to boost the operations of the Electricity Company of Ghana (ECG). The package is intended to facilitate and enhance the operations of the ECG to enable it provide quality and efficient service to its customers nationwide. …

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