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MIGA, Korea sign pacts to up investment into developing countries
The Multilateral Investment Guarantee Agency (MIGA) and two Korean government agencies have teamed up to promote investment in developing countries by Korean firms.
To this end, the political risk insurance arm of the World Bank Group on…
Ghana’s non-traditional exports rise to $2.4b in 2011
Ghana's Non-Traditional Exports (NTEs) amounted to $2.423 billion in 2011, representing an increase of 48.74 per cent in value over the $1.629 billion recorded in 2010.
Dr Kwadwo Owusu Agyeman, Chief Executive Officer of Ghana Exports…
World food prices drop sharply in May 2012 on strong US dollar – FAO
Global food prices have dropped sharply in May 2012 due to generally favourable supplies, growing global economic uncertainties and a strengthening of the US dollar, the UN Food and Agriculture Organization (FAO) said today June 7, 2012.…
Defunct Intercontinental Bank Ghana feeds BoG with wrong financial accounts – Report
After officials investigated the books of Nigeria’s defunct Intercontinental Bank Plc, it has been revealed that the bank’s subsidiary in Ghana manipulated its financial accounts and submitted it to the Bank of Ghana (BoG).
Spanning a…
Some 1500 jobs created in oil and gas sector, 57% Ghanaians – Minister
Available records indicate that about 1500 jobs have been created in the oil and gas sector and out of this number, about 840, representing about 57 per cent are Ghanaians.
The exact number of people from the Western region employed in the…
Canadian company Siginik says to build West Africa’s largest solar installation in Ghana
A Canadian company, Siginik Energy Ltd., says it has signed a definitive power purchase agreement (PPA) with the Electricity Company of Ghana Ltd. (ECG) to build a 50MW ground mounted tracking solar installation in Ghana.
According to…
World Bank grants $90m for Abidjan-Lagos project to ease trade barriers in West Africa
The World Bank’s Board of Executive Directors on May 31, 2012 approved a $90 million grant to finance the Abidjan-Lagos Trade and Transport Facilitation Project, a $405.5 million project that will reduce trade and transportation barriers…
Sim box syndicate operating in Ghana, US busted
A collaboration between the Anti Fraud Unit of the National Telecommunications Authority (NCA), the telecom service provider, and the Criminal Investigations Department (CID) of the Ghana Police Service has led to the busting of six…
Global carbon market values hit $176b in 2011 – World Bank
The total value of the global carbon market grew by 11% to $176 billion in 2011, a World Bank report said May 30, 2012.
Transaction volumes reached a new high of 10.3 billion tonnes of carbon dioxide (CO2e) during the year, said the report…
Global ammunition trade exceeds $4b annually but still not regulated – Oxfam
Global sales of ammunition are worth more than $4 billion per year, aid group Oxfam International said May 30, 2012.
Despite the fast growing trade, the UK-based organization said there is virtually “no regulation” in place to control…