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Public procurement is critical to the enforcement of fiscal discipline, reduction in unproductive recurrent expenditure and the improvement in revenue generation. Dr Kwabena Duffuor, Minister for Finance and Economic Planning, said this in…

The Internet and mobile phone have been identified as the keys to economic growth in developing countries. The World Bank in a report says, it has found evidence in Ghana and Brazil which indicates that governments using Internet…

The world number one search engine, Google has scored another first. Google has added an Akan version to its search engine on the Ghana page. I was browsing Google Wednesday morning July 1, 2009, which is Republic Day in the country and…

One of Ghana’s suave and arguably most successful businessman and football administrator recently caused a stir in the country when he announced his intention to enter party politics. The news hit some people as a surprise, but for those…

Not so long ago, the Ghana cedi was considered safe to hold as a store of value - and therefore a good instrument for investment. It was even nicknamed 'Kufuor dollar', reflecting its almost consistent one-to-one parity with the US dollar.…

Growth rate for the Ghanaian economy for the 2008 fiscal year has now been pegged at a modest 6.2%, as opposed to the September 2008 projection that pegged it at 6.7%. Available data through April and projections up to September 2008 had…

It has now been confirmed that the Inspector General of Police (IGP) has indeed been sacked, by President Mills. Ghanabusinessnews.com can confirm that the IGP, Mr. Patrick Kwarteng Acheampong and the Chief of Defence Staff  (CDS) Lt.…

The former Managing Director of Barclays Bank Ghana, Margaret Mwanakatwe, is said to have joined the United Bank for Africa (UBA). Joy Business sources say Mrs Mwanakatwe, an astute banker and financial analyst, assumed her new post with…

Former President Jerry Rawlings has rubbished the ex-gratia awards for ex-presidents and former public officials that have been approved by the country’s Parliament. The awards were approved a day before the Kufuor administration handed…

MTN Ghana is number nine in the top-ten list of fastest growing mobile phone companies in the Middle East and Africa (MEA) region. The report released by The Mobile World, a market data and analysis company focused exclusively on the…