Monthly Archives: March 2012

Who Is Saying The Truth?

Every Ghanaian knows that the National Communications Authority is responsible for officially churning out figures on the performance of telecommunications operators in the country. At least, a lot of people can testify to the fact that the NCA has been … Continue reading

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Stanbic Leads SME Finance Revolution

It is a well-known fact that a major barrier impeding the growth of the Small and Medium scale Enterprise (SME) sector is access to micro-financing. Despite the financial sector boom, most SMEs in Ghana continue to seek loans to expand … Continue reading

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Soaring Oil Prices Risk Recession

The cost of oil imports for leading economies would surge to $1.5 trillion this year if crude prices stayed at their current levels- a figure large enough to tip the world back into recession, the International Energy Agency warned Friday. … Continue reading

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ICCO Considers Moving To Ivory Coast

THE INTERNATIONAL Cocoa Organization, the intergovernmental group representing the commodity’s leading producers and consumers, is considering relocating its headquarters from London to Ivory Coast, the world’s top grower. The move to Abidjan, the capital of Ivory Coast, which accounts for … Continue reading

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Obama Names Jim Yong Kim

PRESIDENT OBAMA has nominated Korean-born US academic Jim Yong Kim to be the next president of the World Bank. The nomination of the Dartmouth College president and development expert is a surprise as he was not mentioned as a contender … Continue reading

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Facebook purchases IBM patent

Facebook has confirmed it has bought some of IBM’s intellectual property rights. The social network would not provide further detail, but Bloomberg has reported that the deal involved 750 patents involving software, networking and other technologies. It said that Facebook previously owned … Continue reading

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LEAP Explains Delays

The managers of the government programme that seeks to reduce poverty, Livelihood Empowerment Against Poverty (LEAP), have acknowledged the delays in paying beneficiary households, attributing them to bureaucracies. LEAP is a programme to enable more, people including the underprivileged in … Continue reading

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Maritime Trade Surpasses 17.9m Tonnes

GHANA’s MARITIME trade between January and December 2011 amounted to over 17.9 million tonnes. This was made up of about 13.6 million tonnes of imports and 4.3 million tonnes of exports. The 2011 Maritime Trade and Transport Statistics, collated by … Continue reading

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Water For Food Security

On the shoulders of a gutter, a 39-year-old father of three makes a living by planting vegetables. Ernest Adu Mantey has been farming close to the gutter for several years, cultivating cabbages, carrots, spring onions and lettuce. He uses treated … Continue reading

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EXIM Bank Boosts Investments

DESPITE investing over US$500 million in the energy and transport sectors of Ghana’s economy, EXIM Bank is preparing to invest more money into other sectors. This comes in the wake of the signing of a Bilateral Investment Treaty between Ghana … Continue reading

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