Category: Business

Cote D’ivoire Braces To Rival Ghana In Oil Production

Cote D’ivoire Braces To Rival Ghana In Oil Production

Cote d’Ivoire says it will boost oil production within five years to 200,000 barrels a day, rivaling Ghana as stability returns to a country racked by a decade of civil war. Cote d’Ivoire wants oil companies to increase exploration and drilling offshore after output more than halved to about 30,000 barrels a day because of technical problems, Prime Minister Daniel […]

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Third Party Over-The-Counter  Threshold Commendable — Banks

Third Party Over-The-Counter Threshold Commendable — Banks

Scores of commercial banks in Accra have commended Bank of Ghana for tightening and fixing third party over-the-counter threshold at GH¢5,000.00 which is to protect customers, banks and third parties. The banks including Ghana Commercial Bank, Barclays Bank, Zenith Bank in separate interviews with Ghana News Agency described the directive as a protective measure to reduce fraudulent activities against customers […]

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Ghana Invites Italy’s Private Sector For Business

Ghana Invites Italy’s Private Sector For Business

Vice-President Kwesi Bekoe Amissah-Arthur, has invited the Italian business community to take advantage of new initiatives taken by the government to invest more in Ghana. He said that the government was moving focus from official development support to private sector investment to bridge the financing gaps in the delivery of social projects.

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Africa Needs Marshall Plan To Progress — Entrepreneur

Africa Needs Marshall Plan To Progress — Entrepreneur

Africa must do more to tackle the threat of unemployment, which risks derailing the continent’s economic growth, Tony Elumelu, chairman of Heirs Holdings Limited, a pan-African investment company Mr. Elumelu advocated the launch of a comprehensive, coordinated approach similar to the ‘Marshall Plan’ implemented by the United States in Europe after World War II.

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Samsung To Show Off Smart Home App

Samsung To Show Off Smart Home App

Samsung has announced a system to link together a household’s various gadgets, appliances, and utility controls. It said one way the Smart Home service could be used would be to turn off a home’s lights and TV if the owner said “going out” into a smartwatch app. Samsung said the service would initially be limited to its own products, but […]

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Ghana’s Wood Product Exports Up 32.5 Per Cent

Ghana’s Wood Product Exports Up 32.5 Per Cent

Ghana earned €91.35 million from the export of 206,603 cu.m of wood products in the first three quarters of 2013 as against €68.93 million from the export of 179,819 cu.m in 2012. According to data from the Timber Industry Development Division (TIDD) of the Ghana Forestry Commission (GFC), exports in the first three quarters of 2013 increased 32.5 per

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Apex Bank Develops Five-Year Strategic Plan

Apex Bank Develops Five-Year Strategic Plan

The ARB Apex Bank is developing a new five  year strategic plan to focus on providing efficient services to rural and community banks (RCBs) for improved customer satisfaction. The five-year strategic plan, which runs from 2014 to 2018, would create a platform in which the unbanked and the under-banked would participate while the new direction of the ARB Apex Bank […]

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Ghana To Miss Cocoa Production Target — Report

Ghana To Miss Cocoa Production Target — Report

Ghana, the world’s second largest grower of cocoa, will produce around 780,000 tonnes of the crop during the current 2013/14 season, will be short of a target of 830,000 tonnes set by industry regulator Cocobod, Ecobank forecast in a note on Tuesday. The Togo-based pan-African bank expects output from Ghana to fall for the third straight season following a decision […]

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Bui To Add 400 Mega Watts To National Grid

Bui To Add 400 Mega Watts To National Grid

Bui Power Authority (BPA), managers of the Bui hydroelectric project are optimistic that the country’s challenges with irregular power supply could soon be over with the completion of the electricity generating plant. The plant, the Bui Generating Station, is set to add 400 mega watts of power to the national grid this Thursday, December 19, 2013 when final work on […]

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Parliament Approves GH¢1bn For 4 Institutions

Parliament Approves GH¢1bn For 4 Institutions

Parliament has approved a total of GH¢1.03 billion for allocation to four state institutions to enable them to carry out their programmes and activities for next year. The House approved an amount of GH¢3.4 million for the Public Service Commission, GH¢280 million for the Ministry of Lands and Natural Resources, GH530 million for the Ghana Revenue Authority, and GH¢224 million […]

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