Browsing all posts in July, 2010.

Ghana's Economy being managed prudently – Bank

Ghana’s economy is benefiting from 1,113.8 million dollars approved by the World Bank to support her development efforts within the last 12 months Mr Ishac Diwan, the Bank’s Country Director, has said. Mr Diwan, who was addressing Journalists at the Bank’s Accra Office on Thursday, said the Board of Directors in June this year approved [...]

Unexpected S. Korea's key interest rate raise endangers STX deal loan terms

Unexpected S. Korea’s key interest rate raise endangers STX deal loan terms S.Korea unexpectedly raises key interest rate South Korea’s central bank Friday unexpectedly raised the key interest rate from a record low in a bid to restrain inflation as Asia’s fourth largest economy posts a solid recovery. Contrary to widespread predictions, Bank of Korea [...]

Oil Palm is a potential foreign exchange earner – BOPP

Ghana’s oil palm sub-sector can generate substantial foreign exchange earnings if greater attention just like cocoa, was accorded to the sector, Mr Samuel Avaala, Estate Manager, Benso Oil Palm Plantation (BOPP) has said. He said besides foreign exchange, the oil palm sector also contributes immensely to employment creation in the country. Opening a day’s roundtable [...]

UTAG's strike action is unreasonable- Dr. J.S. Annan

Government says it is not threatened by the decision of the University Teachers Association of Ghana, UTAG to lay down their tools. Although government has disbursed monies for the payment of their allowances, the Association on Thursday, July 8 announced that it has commenced a strike action. A statement by the National President of UTAG [...]

Kufuor appeals to African journalists to highlight positives of continent

Former President John Agyekum Kufuor has appealed to African journalists and academics to highlight positive developments on the continent and not to always focus on the negatives. “There is a lot that we need to do in Africa, but there is a lot too that we have achieved since our independence about 50 years ago. [...]

Government demands apology from Joy FM for false report

Government on Tuesday asked the management of Joy FM, a private radio station in Accra to substantiate its claims that the Ghana Real Estate Developer’s Association (GREDA) withdrew its petition against the STX Housing Project from Parliament because of death threats received by executives of the Association. A statement issued by the Ministry of Information [...]

Six people crashed to death by an articulator truck.

Six persons including a one-year-old boy in a Tico tax car were crashed to death by an articulator truck in Nkawkaw on Tuesday. Three people walking along the road also received severe injuries and were rushed to the Holy Family Hospital for treatment. According to the Nkawkaw Divisional Commander of the Motor Traffic and Transport [...]

Government earmarks 1.6 million school uniforms for distribution

Government has earmarked 1.6 million school uniforms for distribution to 66 deprived districts. Mr Alexander Narh Tettey-Enyo, Minister of Education made this known in Parliament on Wednesday during questions time. “The government’s programme of providing school uniforms to basic schools in the country is targeted at deprived districts,” he stressed. He said the Education Ministry [...]

Asantehene seeks assistance for KNUST

The Asantehene, Otumfuo Osei Tutu II, has appealed to individuals and corporate bodies to support the Kwame Nkruma University of Science and Technology (KNUST) to improve its’ research capacity towards national development. Otumfuo Osei Tutu, who is also Chancellor of the University, said that t he tertiary institution would not continue to rely solely on [...]

Those inviting me to the Privileges Committee are jokers – Kofi Wayo

Maverick politician Charles Kofi Wayo says he is unfazed by threats of being hauled before the Privileges Committee of Parliament for describing the house with disparaging words. The leader and founder of the defunct United Renaissance Party says those championing that action are only “jokers”. Mr. Kofi Wayo is reported to have described on Republic [...]