Bog Increases Policy Rate To 16%, Citing Threats To Growth And InflationWednesday, May 22, 2013 The Monetary Policy Committee of the Bank of Ghana has increased its policy rate sharply for the first time in several months. The Bank upped its benchmark lending rate to 16 percent from 15 percent. Announcing the rate at a news conference on Wednesday, Central Bank Governor, Dr. Kofi Wampa ... |
World Bank's $1bn Pledge Targets Energy, Jobs For AfricaWednesday, May 22, 2013 The World Bank Group has announced 1 billion in proposed new funding to help countries in the Great Lakes region of Africa provide better health and education services. It is also aimed at generating more cross-border trade and to fund hydroelectricity projects in support of the Great Lakes p ... |
Ghana loses 140 million cedis to disasters annuallyWednesday, May 22, 2013 Ghanas economy has lost an estimated GHS 140 million 70 million to disasters, according to the Center for Disaster Resilience and Leadership Studies of the University of Health and Allied Sciences. The report also indicated that the country also spends GHS 8 million 4 million monthly on f ... |
IFC Signs Agreement To Increase Access To Business Training To 240 SMEs In GhanaWednesday, May 22, 2013 Accra, Ghana, May 10, 2013- IFC, a member of the World Bank Group, today announced a new agreement with Advans Ghana Savings Loans Ltd to expand access to the Business Edge training program in Ghana. The program will help entrepreneurs gain the skills needed to succeed and supporting small busine ... |
Privatize TOR - NPA AdvisesWednesday, May 22, 2013 Alex Kofi Mould, Chief Executive Officer CEO of National Petroleum Authority NPA, says until Tema Oil Refinery TOR is privatized or sold to private investors, it cannot perform to expectation, let alone compete internationally. According to him, government currently does not have the money ... |
BoG To Maintain Prime RateWednesday, May 22, 2013 Bank of Ghana BoG is expected to maintain the Prime Rate, the rate at which it lends to commercial banks today. Analysts have predicted that the Central Bank would not change the policy rate, as inflation, one of the major determinants of interest rate, has been stable for some time now. T ... |
MMT Manager Blows Over ¢200 MillionWednesday, May 22, 2013 Some concerned workers of the Metro Mass Transit MMT Limited at the Western Regional Office in Sekondi are up in arms against the regional boss of the state transport company name withheld for allegedly duping the company to the tune of over GH20,000. According to the workers, the manager, ... |
Ex Coca-Cola Employee Wants JusticeWednesday, May 22, 2013 A former employee of Coca-Cola Bottling Company of Ghana Limited is crying for justice after the multinational failed to pay his redundancy package after forcing him to resign about three years ago. James Adongo Akologo, a father of eight, was a former Depot Clerk at the Sunyani Depot. He to ... |
Italy Supports Ghanaian SMEsWednesday, May 22, 2013 The Italian Government is to release initial â10 million to support the growth of Small and Medium-scale Enterprises SMEs in Ghana through a Credit Facility. This was disclosed when the Italian Ambassador, Laura Carpini paid a visit to Trade Industry Minister, Haruna Idrissu at his office ... |
Tigo Cash to empower women in businessWednesday, May 22, 2013 Tigo Ghana is partnering with EB Accion, The Cherie Blair Foundation for Women, and the USAID in a ground-breaking mobile money project that will empower hundreds of women in Ghana. Under the program, participating women would have the opportunity to increase their earnings by becoming Tigo Ca ... |
Ecobank report predicts challenging times for cedi in coming monthsWednesday, May 22, 2013 Ecobank Transnational Incorporateds ETIs latest currency market update report for Africa predicts further decline for the Ghana cedi due to strong demand for dollars for imports. According to the bank, by the end of 2013 the buying rate for one dollar will be GHS2.1 . Currently the buying ra ... |
Samsung Partners Standard Chartered Bank To Bring GALAXY S4 To EveryoneWednesday, May 22, 2013 Accra, Ghana - May 14th, 2013. The new Samsung GALAXY S4 is currently the worlds most sought after smartphone, which has resulted in a continuous rise in the demand for the smartphone on the local market. Samsung Ghana in their effort to satisfy the needs of valued customers and ensure the GALAXY ... |
Awutu-Senya adopts measures to increase revenue generationWednesday, May 22, 2013 Awutu Beraku C/R, May 21, GNA - The Awutu-Senya District Assembly has put in measures to ensure increase in revenue generation, Mr Sampson Abbey Armah, District Chief Executive DCE, has said. The measures include formation of District Revenue Task Force to prosecute defaulters, strengthening ... |
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