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Ghana loses GH¢75m in bank charges in 2011 on poor treasury management – Report
Ghana has lost an amount of GH¢75 million in bank charges from poor treasury managemnet, the Auditor-General’s 2011 report on the country’s public accounts released August 14, 2012 has revealed.
According to the report, the Treasury Main…
Ghana’s diamond output falls 33% losing $2.7m revenue in 2012 half-year
Production of diamond in Ghana fell by a significant 33% during the first-half year of 2012, according to a report by the Ghana Chamber of Mines released August 17, 2012.
Diamond purchases dipped significantly at 33% from 185, 557 carats…
China’s new economic transition lights up opportunity for Ghana’s agric products export – S&P
China is changing its economic module from an investment-led to a more consumer-led economy and this presents a bright opportunity for Ghana, according to a Standard & Poor's (S&P) report released August 16, 2012.
The S&P’s…
Ghana agrees to abolish death penalty
Ghana has finally agreed to abolish the death penalty, a government White Paper on the Constitutional Review Commission Report shows.
The Commission was set up to review the country's 1992 Constitution and make recommendations for…
Work on Ghana’s gas plant begins this month as second consignment of pipelines arrive from…
The first phase of the National Gas Processing Project is to commence this month August, Dr. George Sipa Yankey, the Chief Executive Officer of the Ghana Gas Company Limited, announced on Wednesday.
He was speaking to the press after…
US-Ghana bilateral trade slows down in 2012
Total bilateral trade between the United States and Ghana slowed to $856,144,000 in the first half-year of 2012 compared to the $985,321,000 recorded during the same period in 2011, according to latest figures released by the US…
Ghana to issue GH¢300m five-year bond
The government of Ghana through the central bank will on August 23, 2012 issue a GH¢300 million five year bond to both resident and non-resident investors, a statement by the Bank of Ghana (BoG) has said.
The purpose of the bond issuance,…
Ghana Government Statistician to become Statistician-General following constitutional review report
As African Ministers responsible for civil registration meet in Durban, South Africa in the first week of September 2012, Ghana is likely to be highly commended for the decision to insulate the Ghana Statistical Service from political…
Exim Bank supplies $1.5b financing to aid US exports to sub-Saharan Africa
The United States Export-Import Bank (Exim Bank) approved a record $1.5 billion in financing to support US exports to sub-Saharan Africa during the first three quarters of 2012 fiscal year, the Bank said August 9, 2012.
The financing…
ECOWAS,INTERPOL seize 7.8 million kilos of drugs in Ghana,Togo, Benin in three days
A three day joint ECOWAS-INTERPOL operation has resulted in a large seizure of 7,894,275 kilogrammes (kg) quantities of different drugs in three West African countries – Ghana, Togo and Benin.
The drugs included cocaine, heroin, cannabis…