Business
DISEC and RESEC urged to fight illegal mining
Thursday, 11 March 2010 15:15    PDF Print E-mail
Akyem Pameng (E/R), March 10, GNA - The Minerals Commission has called for efforts from District Security Councils (DISEC) and Regional Security Councils (RESEC) to fight illegal mining and chainsaw activities in their areas.

Mr Stephen N.K.
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Dissolve Fair Wages Commission
Thursday, 11 March 2010 15:15    PDF Print E-mail
Civil servants have called for the immediate dissolution of the Fair Wages and Salaries Commission (FWSC), describing it as 'grossly incompetent'.

At a news conference held in Accra, the Chairman of the Accra District branch of the Civil and Local Government Staff Association (CLOGSAG), Mr George Mensah, said the FWSC was not up to the task of handling the whole issue of Single Spine Pay Policy (SSPP), hence the need to replace it with a more competent one.

He
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GNPC Acquires Land For Gas Processing Plant
Thursday, 11 March 2010 15:15    PDF Print E-mail
The Ghana National Petroleum Company (GNPC) has acquired a large tract of land near Bonyere and Kabla Suazo in the Western Region for the construction of a gas processing plant.

The plant will cost between US$800 million and US$1 billion and it will be constructed in phases.

The
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Balance freedom with responsibility - Veep
Thursday, 11 March 2010 11:00    PDF Print E-mail
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The Vice-President John Mahama
The Vice-President, Mr John Dramani Mahama, Wednesday launched the 60th anniversary of the Graphic Communications Group Limited (GCGL), with a call on the media to balance freedom with responsibility.
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IRS, VAT merger takes off
Thursday, 11 March 2010 11:00    PDF Print E-mail
The merger between the Internal Revenue Service (IRS) and the Value Added Tax (VAT) Service, which would lead to the formation of the Ghana Revenue Authority (GRA), has taken off.

IRS and VAT would therefore be renamed the GRA to create a single domestic tax organization and to consolidate the management of direct and indirect taxes in the country.

The
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Lay-offs galore in top industries
Thursday, 11 March 2010 09:30    PDF Print E-mail
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Nana Owusu Afari, President of Association of Ghana Industries
From lawyers in Paris to factory workers in China and bodyguards in Colombia, the ranks of the jobless are swelling rapidly across the globe.

Many
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Ghana has significant business potential
Thursday, 11 March 2010 09:30    PDF Print E-mail
Accra, March 10, GNA - A delegation from the Republic Bank of Trinidad and Tobago said on Wednesday there was significant business potential in Ghana's energy sector.

The delegation, which was in Ghana for five days, met with the Finance Minister, Dr Kwabena Duffour, Governor of the Bank of Ghana, Mr Kwesi Amissah-Arthur and Managing Directors of six of the major banks at separate meetings.
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Takoradi holds Regional Consultation Forum on Petroleum Revenue Management
Thursday, 11 March 2010 09:30    PDF Print E-mail
Takoradi, March 10, GNA - Ms Betty Bosomtwi-Sam, Deputy Western Regional Minister, on Tuesday called on traditional authorities and other opinion leaders to develop a blueprint that could take advantage of the oil and gas discovery in the area.
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Trade and technology fair opens in Kumasi
Thursday, 11 March 2010 09:30    PDF Print E-mail
Kumasi, March 10, GNA - A five-day Trade and Technology Fair structured to provide opportunity for students of the Kwame Nkrumah University of Science and Technology (KNUST), entrepreneurs and artists to showcase their works to corporate society has opened in Kumasi.
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Ghana and EU sign financing agreement
Thursday, 11 March 2010 09:30    PDF Print E-mail
Accra, March 10, GNA - Ghana and the European Union on Wednesday signed two financing agreements on natural resource and environmental governance (NREG) and general budget support, as well as an amendment to the country strategy paper 2008-2013.
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Ghana Association of Bankers announces new exchange rates
Thursday, 11 March 2010 09:30    PDF Print E-mail
 
Accra, March 10, GNA - The following are the average inter-bank exchange

rate of the dollar and derived rates for the major currencies against the

cedi as issued by the Ghana Association of Bankers on Wednesday March 10, 2010

 
GHANA CEDI EQUIVALENT OF CURRENCY
 
CURRENCY             BUYING          SELLING
US Dollar            1.4196         
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Inflation dips to two year low in February
Thursday, 11 March 2010 09:30    PDF Print E-mail
Accra, March 10, GNA - Ghana's inflation rate fell to 14.23 per cent in February from 14.78 per cent in January, its lowest level in almost two years, the Ghana Statistical Service said on Wednesday.

The drop in the rate is the eighth consecutive monthly fall.
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Mexico's Carlos Slim overtakes Gates in world rich list
Thursday, 11 March 2010 09:30    PDF Print E-mail
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Carlos Slim ended America's 16-year reign on the Rich List
Mexican telecom giant Carlos Slim has topped Forbes magazine's billionaire's list - the first time since 1994 that an American has not led the rankings.

Mr
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Kosmos withholds Jubilee sale, goes into drilling
Thursday, 11 March 2010 09:30    PDF Print E-mail
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Kosmos Energy has withheld the sale of its 30 percent stake in Jubilee Oilfield. For the first time in its history the energy firm is venturing into the drilling of oil after so many years of exclusively exploring the commodity, sources close to the company have disclosed to BUSINESS GUIDE.

This
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Fire officer asks government to protect oil fields
Thursday, 11 March 2010 07:00    PDF Print E-mail
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Divisional Officer 1 Anthony Donkor of the Cape Coast office of the Ghana National Fire Service, on Wednesday called on the government to provide well equipped fire stations to protect the fledgling oil industry.

He
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Civil servants kick against implementation of single spine salary structure
Wednesday, 10 March 2010 23:00    PDF Print E-mail
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Civil servants say the single spine salary structure



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Civil servants have warned they will resist the implementation of the Single Spine Salary Structure in its current form.

They
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