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One billion people face hunger – WFP

The number of people affected by hunger has hit one billion, says the World Food Programme (WFP). This year alone, 40 million people were pushed into hunger by the high world food prices, thus exerting more pressure on the food assistance of the WFP. It therefore urged the international community …

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Bank shareholders asked to appoint competent people to Boards

Mr Duke Osam-Duodu, the Deputy Managing Director of the ARB Apex Bank, has asked shareholders of rural and community banks to choose competent persons as Board of Directors to enhance the quality of services being provided by the banks. He said since the success of banks depended on the quality …

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Natural gas plant for Ghana

The government has finalized arrangements to establish a Natural Gas Processing plant on-shore Atuabo in the Western Region to process the gas that will be produced in association with the crude oil from the Jubilee Oil and Gas Field. A release signed by Mr Andrew Awuni, Press Secretary to the …

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Midlands gets extension of warrant

Following an application for warrant extensions by Midlands Minerals Corporation, the TSX Venture Exchange has consented to the extension in the expiry date of 3,122,500 share purchase warrants which were issued pursuant to a private placement of 6,245,000 shares on June 14, 2007. The warrants, which were due to expire …

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Bui Dam workers demonstrate

About 1,200 workers working on the Bui Hydro Power Dam in the Brong Ahafo Region of Ghana have embarked on a demonstration Thursday morning December 18, 2008. Speaking to Asempa News in an interview, some aggrieved workers complained of inadequate wages and unfavorable working conditions. According to the workers, an …

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Oil price at $40 despite OPEC cut

U.S. crude hovered near $40 a barrel on Thursday, around its lowest price since July 2004, amid doubts in OPEC’s ability to curb output quickly after the group announced record production cuts. Oil is $107 off its July peak, shedding value as the onset of a global recession cuts into …

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Chrysler closes plants

Chrysler is closing all its North American manufacturing plants for at least a month, the starkest move yet taken by U.S. automakers as they anxiously await word about government loans. The shutdown comes as The Wall Street Journal reported Thursday that Chrysler has restarted talks with General Motors about combining …

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New rule on credit card rates

In the most sweeping changes to credit cards in decades, regulators are expected to release a rule Thursday that would crack down on so-called unfair and deceptive practices by card issuers, such as raising interest rates on existing debt. The rule, issued by the Federal Reserve, the Office of Thrift …

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Two boats caught pair-trawling on Ghana waters

The anti-pair trawling task force, made up of the Ghana Navy and Air Force, has arrested two fishing vessels pair-trawling off the coast of Dutch Komenda in the Western Region. They were arrested on the dawn of Wednesday, less than 72-hours after the inauguration of the anti-pair trawling operations task …

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89 pensioners sue bank

Eighty-nine pensioners of the Ghana Commercial Bank (GCB) have sued the bank at the Fast Track High Court over their pension payments. The pensioners are also praying the court for a declaration that they are entitled to the payment of pension under the GCB’s Special Pension Scheme established on October …

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