Thursday , 18 January 2018

BUSINESS & TOURISM

Ghana ranks second among highest interest rates countries –

money

25 April, 2016 Rising interest rates in Ghana is stoking cost of borrowing and forcing businesses to go bankrupt, research conducted by an international organisation has stated. Ghana is said to have one of the highest lending rates to the world, placing second in the latest ranking released by Trading Economics, a development which has been identified as a disincentive ... Read More »

Man accuses CEPS of ‘stealing’ his goods at Tema port

Tema Port

21 April, 2016 Some officials of the Customs Excise and Preventive Service (CEPS) division of the Ghana Revenue Authority (GRA), have been accused of allegedly stealing twelve containers loaded with items belonging to a Ghanaian who deals in cranes at the Tema Port. According to Abdul Fatai Razak, a 61 year old resident of Takoradi, the containers he imported from China ... Read More »

“Carpentry is never for school dropouts” – Mr. Carpenter

Peres Oduro-Ansah

21, April, 2016 The CEO of Cribs to Homes Furniture, a carpentry and creative art company, Mr Peres Oduro-Ansah, has urged young people who have the passion to go into carpentry not to feel the profession is for school drop-outs but rather a noble one that can make them better people in future.Mr Oduro-Ansah, who is popularly known as Mr ... Read More »

Meet Caroline, Ghana’s young CEO at 24

Caroline

21 April, 2016 At age 19, shy, passionate and friendly Caroline Esinam Adzogble knew what the future held for her was to become an expert in education and technology.In our part of the world, certain grounds are seen as unbreakable for a woman but for the now 24-year-old CEO of Potters International College, it is time to prove the world ... Read More »

Petroleum Minister confirms FPSO damage is serious

FPSO

15 April, 2016 The Minister for Petroleum says a technical investigation of the condition of the turret bearing on the FPSO Kwame Nkrumah confirms that the bearing has been seriously damaged. Emmanuel Armah Kofi Buah says Jubilee Fields lead partners, Tullow Oil, has assured the government that oil production and gas export can continue but under revised operating and off-take ... Read More »

Mugabe backtracks on law demanding foreign firms cede ownership to locals

Zimbabwean President, Robert Mugabe

14 April 2016, IN SUMMARY In a statement after a Cabinet meeting Wednesday, the veteran ruler said the law had complicated had caused confusion among investors and local businesses. Law forces foreign owned companies to cede 51 percent of their shareholding to locals since 2008 saying it would correct colonial imbalances. Foreign owned companies were given a March 31 deadline ... Read More »

World Bank predicts growth for Ghana

April 12, 2016 9:35am There are high expectations for the Ghanaian economy to pick up this year, a new World Bank Group report has revealed. According to Pulse Africa, the prediction is on the back of increased investor confidence in the Ghanaian economy, oil production from new oilfields and solution to the country’s energy crisis. The report, published Monday in ... Read More »

Africa: Low commodity prices impede growth

Punam Chuhan-Pole, the World Bank Africa Region’s Acting Chief Economist and Author of Africa’s Pulse, speaks with journalists through a videoconference in Washington, DC

April 12, 2016 9:25am Economic activity in Sub-Saharan Africa slowed in 2015, with GDP growth averaging 3.0 percent, down from 4.5 percent in 2014. This means that the pace of expansion decelerated to the lows last seen in 2009.These figures are outlined in Africa’s Pulse, the World Bank’s twice-yearly analysis of economic trends and latest data for the region. The ... Read More »

Italian investors to construct mini dams in Volta Region –

April 12,2016 source: GNA Italian investors from Ambiente Pressagio are expected to begin the construction of mini hydro dams on nine sites in the Volta Region. Togbe Afede XIV, the President of the Volta Regional House of Chiefs, announced this at the first general meeting of the House for this year. A mini hydro dam is a type of hydroelectric ... Read More »

MG TV WETS APPETITE FOR ASAFOTUFIAMI WITH BEAUTY CONTEST

Nene Abram Kabu Akuaku III, Paramount Chief , Ada Traditional Area

Friday, April 8, 2016. 5:47PM Asafotufiami festival which started in 1937 will be very special this year as Ada based TV station MG TV throws its weight behind the festival. In the years past Beauty contest were organised only on the nights on the Friday which climax the occasion and it was dubbed Miss Asafotu. At the launch, it was ... Read More »