Ghana’s public debt stood at GH¢29.6 billion (44.7% of GDP) at the end of September 2012, compared with a stock of GH¢23.9 billion (42.6% of GDP) in December 2011, the Bank of Ghana has said. The total public debt stock …

Ethiopian Airlines continues to stake its outstanding position in Africa’s airline industry as the company takes delivery of its third Boeing 787-800 Dreamliner aircraft. The airline in a press release has said the Dreamliner was used to do humanitarian services, …

The Bank of Ghana today November 14, 2012 retained the policy rate at 15%. The policy rate or interest rate is the base rate at which the central bank lends to commercial banks. The Bank has maintained the rate at …

As early as next year, 2013, Ghana’s National Health Insurance Scheme (NHIS) could go bankrupt, a World Bank study has found. According to the report, “the system has serious structural and operational inefficiencies and is on a trajectory to go …

The Narcotics Control Board (NACOB) of Ghana has mounted a search for two men said to have aided the shipment of large quantities of Indian hemp and cocaine to the United Kingdom two months ago. The two suspects, Obed Amevor, …

Four persons, including an official of Ghana Post and three Nigerians, have been arrested for allegedly trafficking in narcotic drugs through the post. The suspects — Ms Philosophina Sackey, 53, a Deputy Manager of Post at Ghana Post; Augustine Nwosu, …

UK oil explorer, Tullow, announced November 7, 2012 that it has closed a $3 billion refinance debt of Reserves Based Lend (RBL) credit facilities. According to Tullow, this debt refinancing will give the company a solid foundation for funding its …

The African Union Commission (AUC) and the Technical Centre for Agricultural and Rural Cooperation (CTA) on November 12, 2012 signed a Memorandum of Understanding (MoU) to strengthen agricultural policies in Africa. A statement issued by the AUC said the MoU …

Etihad Cargo, a division of Etihad Airways, will re-introduce a weekly freighter service from Abu Dhabi to Lagos, Nigeria effective November 15, 2012, the carrier has said. According to Etihad, the Lagos service will be complemented by the addition of …

A model of the library project The Rotaract Club of Adentan has joined forces with Alliance Francaise to hold a concert November 30, 2012 in aid of the club’s library project in Otinibi. Music icons such as Gyedu Blay Ambolley, …

The Government of Ghana on Tuesday reaffirmed its commitment to peace, security and stability of Cote d’Ivoire, Mr Chris Kpodo, Deputy Minister of Foreign Affairs and Regional Integration said in Accra. He said: “President John Daramani Mahama’s position is that …

A total of 50 men from the Niger Delta in Nigeria have graduated from the Biriwa Vocational Training and Rehabilitation Institute in the Mfantsiman District of the Central Region. They were awarded National Vocational Training Institute Proficiency II Certificate. The …

Micro-finance and Small Loans Centre (MASLOC) on Tuesday started distribution of outboard motors to fishermen at fishing communities countrywide at subsidized cost to help boost their economic activities. Mr Mustapha Abubakar, Public Relations Officer of MASLOC, disclosed this to journalists …

Mrs Augustina Akosua Akumanyi, Deputy Chairperson of the National Commission for Civic Education (NCCE) in-charge of Operations, on Tuesday said it was not advisable for the people to take the country’s multi-party democracy for granted. She was speaking at a …

The African Union’s Commissioner for Social Affairs, Dr Mustapha Sidiki Kaloko has launched a new website for the Union’s Campaign on Accelerated Reduction of Maternal, Newborn and Child Mortality in Africa (CARMMA) – www.carmma.org. The new website, which was developed …

Madam Sharon Quaye, Collector and officer in charge of the Diplomatic shop-duty free at the KIA, on Tuesday called for some form of restriction on items that were imported into the freezones so as not to kill local initiatives. She …

Accra Brewery Limited (ABL) has appointed Mr Michael Adrian Norton Olsen and Mr Richard Edzeame new Marketing and Supply Chain Directors respectively effective 1st November 2012. Mr Olsen replaces Mr Philip Norley, who has since left the company whiles Mr …

Mrs Esther Cobbah, Chief Executive Officer of Strategic Communication Africa, has said Ghana needed to avoid politicization in its business industry to enable the industry develop. She said the country needed to confront and address the situations in which the …

Dr. Bawumia The New Patriotic Party (NPP) government will build a new economy when voted into office come December 7, 2012, Dr Mahamudu Bawumia, running mate for Nana Addo Dankwa Akufo-Addo, presidential candidate of the Party has said. He said …