Business News

• Ghana: "Withdraw the Petroleum Revenue Management Bill", says prominent Pressure Group

  

  The Patriots for the Protection of Western Regional Heritage, a pressure group, on Tuesday called on the government to immediately withdraw the Petroleum Revenue Management Bill (PRMB) from Parliament.
  
  Mr George Mireku Duker, a leading member of the group, told a press conference that the Bill needed further and broader public consultation and fine-tuning to
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  Posted by: Staff Writer on 9th Nov, 2010 at 07:08PM in Business    Source:ghanamma.com  0  Comments

• South Africa: S.Africa to push for more say for developing countries

  

  
  South Africa will push for more representation of developing countries in global financial institutions at this week's G20 summit in Seoul, Finance Minister Pravin Gordhan said on Tuesday.
  
  "We have been arguing for better representation and voices for developing countries, for boards to be constituted in a more representative way," Gordhan told reporters.
  
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  Posted by: Staff Writer on 9th Nov, 2010 at 01:46PM in Business    Source:starafrica.com  0  Comments

• Ghana: Veep indeed influenced Armajaro ban lift - Kyei Mensah-Bonsu

  

  The Minority Leader in Parliament Osei Kyei Mensah-Bonsu says he has reasons to believe that the Vice President, John Mahama or his agent directed the Ghana Cocobod to lift the ban placed on UK cocoa buying company, Armajaro Holdings.
  
  Armajaro and two other companies were banned from buying cocoa in Ghana following their implication in smuggling
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  Posted by: Staff Writer on 9th Nov, 2010 at 11:36AM in Business    Source:Staff Writer  0  Comments

• Ghana: Vice President John Dramani Mahama attends Ghana-Czech investment forum

  

  Vice President, John Mahama has left for the Ghana-Czech investment forum aimed at facilitating the flow of investment and business entrepreneurs from both countries into Ghana.
  
  The Vice President was originally scheduled to leave the country on Sunday had to reschedule his trip to help solve some issues related to the Hajj.
  
  Aide
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  Posted by: Staff Writer on 9th Nov, 2010 at 11:29AM in Business    Source:Staff Writer  0  Comments

• Gabon: Gabon cancels offshore drilling auction: advisor

  

  Oil-rich Gabon has cancelled a major offshore drilling auction, after deciding it had more to gain from selling rights individually to energy companies, a ministerial advisor said on Monday.

  "Gabon wants to better negotiate its interests. After reflection, it is more advantageous to negotiate directly with all the individual companies," said Guy Martial Mbeang
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  Posted by: Staff Writer on 8th Nov, 2010 at 07:38PM in Business    Source:starafrica.com  0  Comments

• Ghana: President Mills urges Ghanaians to manage oil expectations

  

  President Mills has asked Ghanaians to manage their expectations of the oil revenue in transforming the economy and their livelihood.
  
  The president says it will take a while for most Ghanaians to feel the impact of the oil revenue in the lives and on the economy.
  
  He was speaking at the climax of
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  Posted by: Staff Writer on 7th Nov, 2010 at 04:34PM in Business    Source:Staff Writer  0  Comments

• Ghana: Government targets increased agriculture yields from traditional areas

  

  
  
  The Government is to assist traditional areas with the needed support to enable them increase the production of agricultural produce in which they have comparative advantage.
  
  This is intended to make the traditional areas concentrate more on those products to increase their yield.
  
  Minister of Chieftaincy and Culture, Alexander
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  Posted by: Staff Writer on 7th Nov, 2010 at 11:34AM in Business    Source:Staff Writer  0  Comments

• Ghana: Ghana attains middle income status

  

  Latest figures released by Ghana’s Statistical Service indicate the country’s economy stands at GH¢44 billion, 60 per cent more than earlier estimated.
  
  The country per this new figure is deemed to have attained a middle income status.
  
  Government’s statistician, Dr. Grace Bediako told Joy Business the new figures confirm suspicions that the economy
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  Posted by: Staff Writer on 6th Nov, 2010 at 10:51AM in Business    Source:Staff Writer  0  Comments

• South Africa: S.Africa joins US critics on Fed policy

  

  South Africa's finance minister on Friday criticised the latest US decision to pump more cash into the faltering US economy, joining China and Brazil in warning the move would hurt emerging markets.

  "Developing countries, including South Africa, will bear the brunt of the US decision to open its flood gates without due consideration of the consequences
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  Posted by: Staff Writer on 5th Nov, 2010 at 05:14PM in Business    Source:Staff Writer  0  Comments

• Zimbabwe: Diamond watchdog fails to reach agreement on Zimbabwe

  

  Members of the Kimberley Process diamond watchdog failed to agree Thursday on whether to allow Zimbabwe to resume exports of the gems from its controversial Marange fields, officials said.

  "We hoped to have a consensus today, we believe it will take a few more days," Boaz Hirsch, chairman of the watchdog group, told reporters at the
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  Posted by: Staff Writer on 4th Nov, 2010 at 07:54PM in Business    Source:starafrica.com  0  Comments

• Tanzania: 50 million of livestock in Africa are threatened by Virus

  

  A deadly virus that broke out in Tanzania earlier this year could expand across southern Africa and threaten more than 50 million sheep and goats in 15 countries, the UN's food agency warned on Tuesday.

  The Small Ruminants Plague virus, or PPR under its French acronym, is "considered as the most destructive viral disease affecting small
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  Posted by: Staff Writer on 2nd Nov, 2010 at 05:50PM in Business    Source:starafrica.com  0  Comments

• Algeria: Shirley Frimpong-Manso offers a twisted comedy for Christmas

  

  She has nailed it! And the next question that comes to mind is, who has nailed it?
  
  In this world of ours, including Ghana of course, there are just a few who try their best to stand out of the crowd.
  
  This lady is among this few. Yes, Shirley Frimpong-Manso has done it
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  Posted by: Staff Writer on 30th Oct, 2010 at 08:38PM in Business    Source:Staff Writer  0  Comments

• Ghana: Rawlings blames Kufuor for Ghana's unemployment

  

  Ex-President Jerry Rawlings has deplored what he says is the deepening unemployment situation in the country and has held his successor, ex-President Kufuor responsible for it.
  
  According to him, the New Patriotic Party under President Kufuor departed from the sound economic foundation laid by the National Democratic Congress government which he (Rawlings) superintended.
  
  
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  Posted by: Staff Writer on 30th Oct, 2010 at 07:15AM in Business    Source:Staff Writer  0  Comments

• Ghana: More Black Gold (oil) in Ghana on-shore

  

  The Russian government has indicated it s preparedness to make available to Ghana, classified documents on oil and gas reserves in the Voltaian Basin, if the government officially applies for them.
  
  The documents containing geological findings of the basin, were prepared by geologists of the then Soviet union in the 1960’s during the Presidency of Dr.
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  Posted by: Staff Writer on 25th Oct, 2010 at 10:09AM in Business    Source:Staff Writer  0  Comments

• Ghana: Accra hit with massive water shortages

  Much of the acute water shortages experienced in some parts of Accra in the last couple of weeks can be blamed on road contractors, says Dr Hannah Louisa Bisiw, Deputy Minister of Water Resources, Works and Housing.

  According to her, some road contractors had broken several pipelines, including ten-inch pipes, but had failed to make contact with the
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  Posted by: Staff Writer on 1st Aug, 2010 at 08:52AM in Business    Source:allafrica.com  0  Comments

• Ghana: Mayhem as Oil Spills continue at Qua Iboe Fields

  Mobil Producing Nigeria, MPN, has confirmed a second oil spill within a week in the Qua Iboe oil fields.
  
  In a statement made available to the News Agency of Nigeria on Tuesday in Eket, Mobil confirmed a discharge of crude into the Atlantic Ocean from Yoho crude production platform.
  
  "Mobil Producing Nigeria Unlimited,
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  Posted by: Staff Writer on 30th Jun, 2010 at 01:33AM in Business    Source:allafrica.com  0  Comments

• Ghana: Ghana's economy ranked 9th worst by Forbes Report, Nii Moi Thompson challenges

  

  Economist Dr. Nii Moi Thompson has linked a recent damning report about the Ghanaian economy to government's wrangle with ExxonMobil for Kosmos' shares.
  
  The Forbes Magazine ranked Ghana's economy as the 9th worst economy, but Dr Thompson said the report is discredited. He said the report is one of several tactics adopted by the powers that
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  Posted by: Staff Writer on 19th Jun, 2010 at 02:43AM in Business    Source:accra-mail.com, ghanaweb.biz  0  Comments