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General News

Annual Producer Price Index rises by 3.28%

The Annual Producer Price Index (PPI) went up by 3.28 percentage points in June, bringing the respective yearly change between June 2009 and June 2010 to 19.42, down from 16.14 per cent. This brings the monthly change rate between May and June 2010 to 10.41 per cent as against 1.13 …

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Gomoa Rural Bank declares GH¢138,464 profit after tax in 2009

The Gomoa Rural Bank at Apam declared GH¢138,464 profit after tax in 2009 fiscal year as against GH¢47,303 in 2008. The bank has recommended the payment of a dividend of GH¢0.0050 per share as against no dividend paid in 2008. Mr Andrew B. Simpson, the Chairman of the Board of …

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University of Ghana signs MoU on petroleum project with GNPC

The authorities of University of Ghana, Legon (UG) and management of Ghana National Petroleum Corporation (GNPC) have signed a Memorandum of Understanding (MoU) to establish strategic relationship in education and research work in petroleum. The five-year agreement would pave way for the management of GNPC to conduct periodic review of …

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Atebubu Assembly starts rice cultivation

Atebubu-Amantin District Assembly has embarked on commercial rice farming on 50 acres of land to boost internally generated funds. The project will also create employment, business opportunities and economic growth as well as encourage market-led rice farming in the district. The envisaged long-term growth of the project will help reduce …

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Ghana Post workers appeal to government for intervention

The about 2,600 workers of Ghana Post (GP) Company would not be paid salaries this month due to GH¢2.4 million damages awarded against the company by an Accra High Court in favour of the management of Sky Consult and Management Services. In addition, the court ordered garnishee to freeze all …

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Sekondi fishermen gear up for bumper catch

The government, through the Agricultural Development Bank (ADB), has procured 1,000 outboard motors for distribution to fishermen in the country, Mr. Alexander Addo, Western Regional Director of the Fisheries Commission, has said. She told the GNA in an interview that 350 units of the out boarded motors had been allocated …

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Bright prospects for Ghana’s economy – HFC Boss

2010 holds a lot of promise for Ghana’s economy with the imminent production of oil in commercial quantities during the last quarter, Mr. Joseph Nketsiah, General Manager, HFC Investment Services said on Wednesday. He said this followed signs of recovery for the local and world economies following the turmoil in …

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Need to re-define state and private sector relationship – Blankson

Mr. George Blankson, Commissioner General of Ghana Revenue Agencies Authority (GRAA), on Wednesday called for the re-definition of the working links among private sector operators and the State in modern terms for outmost benefit. He said as the role of private sector in the country continued to develop, it must …

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Ayariga tours Free Zones Enclave

Mr. Mahama Ayariga, Deputy Minister of Trade and Industry, has toured the Free Zones Enclave in Tema to discuss issues pertaining to the operations of the manufacturing companies. Companies visited are Barry Callebaut and Cargill Cocoa processing companies, Ghana Specialty Fats Industries Limited, Red Sea Housing and Octoglow Limited. Interacting …

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Ghana to send troops to Somalia if…

President John Evans Atta Mills on Tuesday said Ghana would consider contributing troops to the Africa Union Mission in Somalia following a request made by the 15th Summit of the Assembly of Heads of State and Government in Kampala, Uganda. He, however, said the final decision would be taken in …

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