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Intracom not building Ghana’s first WiMAX – DiscoveryTel official
A Greece-based international telecoms technology company, Intracom Telecom has announced in a widely publicised press release that it has won a $1.2 million contract to build what would be Ghana’s first WiMAX technology for the service…
Mills appeals to banks to reduce interest rates
President John Evans Atta Mills on Tuesday, appealed to managements of the nation’s banks to reduce the current high interest rates.
He said now that the economy was improving, with a further decline in the Bank of Ghana base rate, the…
Nigeria gets ‘bad bank’ law
The president of Nigeria, Goodluck Jonathan has signed into law a new legislation creating an asset management company to soak up bad bank loans, the Reuters has reported citing central bank governor, Lamido Sanusi Lamido.
He told the news…
Ghana’s Petroleum Management Bill said to be ‘cut and paste’
Mr Charles Ayamdoo, Director of Anti-Corruption, Commission on Human Rights and Administrative Justice,(CHRAJ), has described Ghana’s Petroleum Revenue Management Bill (PRMB) as the “cut and paste” versions from international best practice…
Ghanaian man arrested in US with heroine worth $700,000
A Ghanaian man who admitted to carrying 22 pounds of heroine worth $700,000 has been arrested at the JFK Airport in the US.
The man Charles Kwasi Kankam was carrying the drugs in his suitcase when he was arrested according to information…
Bank of Ghana policy rate now 13.5%
As widely expected by economists, financial analysts and industry leaders the Bank of Ghana today Friday July 16, 2010 cut its policy rate to 13.5% from 15% following the further drop of the country’s inflation rate. The inflation rate for…
Mills withdraws STX housing deal from Parliament
The President, John Evans Atta Mills has directed that the multi-billion dollar STX housing deal before Parliament for deliberation should be withdrawn for a review.
Parliament met to discuss the Supplier’s Credit Financing Agreement…
Cocoa prices at 32-year high, but Ghana maintains purchase price
London cocoa prices have hit a new 32-year high on Wednesday as a result of rising demand, but Ghana maintains purchase price.
Cocoa which is widely used as a beverage and confectionery raw material in Europe saw an increase in usage in…
Finance Minister hails achievement of reduction in inflation rate
The inflation rate fell for the 12th consecutive month in June to 9.52 per cent from 10.68 per cent in May, the Government Statistician said on Wednesday.
The rate, which is the lowest since April 2007, has been helped mainly by declining…
Ghana inflation falls to 9.52% in June
Ghana’s inflation for the month of June has hit 9.52%, the Ghana Statistical Service has announced.
This is the 12th consecutive time that the country’s inflation has dropped. Inflation for the month of May stood at 10.68% fueling…