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Students call for endowment fund for Ghana’s oil zone

The Graduate Students Association of Ghana (GRASAG) has urged the government to institute an endowment fund solely for development in oil drilling and production areas in the Western Region. This, it said, would help to avert the situation where the lack of development and unemployment would spark unrest as was …

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African governments blamed for doing little to address global economic crisis

Economists and trade experts attending the 12th Africa Trade Network meeting in Accra, on Tuesday said African governments were doing too little to deal with the impact of the global economic and financial crisis. They said the crisis should be a wake up call to governments to rethink their policy …

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Finance Ministry to approve procurement plans of government institutions

Government has directed all public institutions to seek approval from the Ministry of Finance and Economic Planning for their annual procurement plans to ensure efficient financial management. It has also directed the Auditor-General to conduct annual audits of all procurement activities of public entities in accordance with the Public Procurement …

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Dr. Paul Acquah to quit central bank in September

Long-serving Ghanaian central bank governor Paul Acquah is likely to quit next month, bank and other sources said on Wednesday, prompting speculation of tighter monetary policy in the emerging economy. Acquah is credited with key reforms during an eight-year tenure such as the creation of an interest rate policy committee. …

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Ghanaian youth in oil zone to be trained to serve oil industry

The government of Ghana has tasked Ziol Company, a subsidiary company of Zoomlion Ghana Limited, to recruit the youth in communities where oil has been discovered in preparation for extraction of crude oil in the country next year, the GNA has reported. Commercial production of oil is expected to begin …

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Ghana said to become one of main oil producing countries in sub-Sahara Africa

The Chief Executive of Eni SpA, Italy’s largest oil and gas company has said Ghana is destined to become one of the leading oil producing countries in sub-Sahara Africa. Paolo Scaroni who is in Ghana said this to President John Atta Mills Tuesday August 11, 2009 at a meeting at …

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Price of kente up ahead of festival

The price of kente has reportedly gone up ahead of this year’s “Agbamevorza” (Kente Festival) of the chiefs and people of Agotime Traditional Area. High numbers, citizens, young and old, home and abroad and prospective visitors chasing the hand woven fabric has resulted in price hikes. The surge in demand …

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UNFPA pledges support for Ghana’s 2009 census

Mr Makane Kane, Country Representative of the United Nations Population Fund (UNFPA), on Tuesday reiterated the agency’s commitment to support Government with technical assistance and human resource mobilisation towards the upcoming national population census. He said a reliable data base system was essential for government to plan and implement effective …

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Keep away from Jubilee oil field – vessels told

The Ghana Maritime Authority (GMA), has advised all mariners and vessels in the Western Region to maintain a safe distance of five (5) nautical miles radius away from the Jubilee Oil Fields. This according to the Authority was to ensure the safety of marine activity with respect to ongoing development …

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Ghana government to revamp construction sector

Government is to revamp the construction sector, the centre of attention of which will be the development of a viable housing mortgage scheme, in a bid to overcome a crippling 500,000 housing unit shortage nationwide. The Vice President, Mr John Dramani Mahama, who announced this on Monday, said the measure …

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