Monthly Archives: May 2012

Oil Resource Scares Communities

There is always joy and excitement when a country announces the discovery of oil in commercial quantities but in the case of Uganda, inhabitants living in and around the oil sites fear the new found wealth will negatively affect their … Continue reading

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TWN Condemns War On ‘Galamsey’

Dr Yao Graham, Executive Director of Third World Network-Africa, a Non-Governmental Organization (NGO) involved in the mining sector, has condemned the criminal justice approach in tackling illegal mining in the country. “It is a complex problem that cannot be solved … Continue reading

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The Escalating Cement Price

The unbridled increase in the price of cement in the country lately raises eyebrows, given the astronomical heights the price has assumed in such a short period of time. Prior to the upsurge in the price, the product was sold … Continue reading

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TOR Negotiates For $450m

THE TEMA Oil Refinery (TOR) is negotiating with a French financial institution for a $450 million loan to enable it pay its outstanding debts. Ato Ampiah, Managing Director of TOR, who made this known at a media encounter in Tema, … Continue reading

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China To Boost Private Sector Investment In Banks

China has opened up its banking system to private sector investors, the latest move by Beijing aimed at underpinning economic growth. Over the weekend, China said that private investors would have the same rights as state firms when trying to … Continue reading

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Largarde Tax Jibe Angers Greeks

Political parties in Greece have criticized International Monetary Fund (IMF) head, Christine Lagarde for suggesting that Greeks were avoiding paying taxes. Socialist leader Evangelos Venizelos accused Ms Lagarde of “insulting the Greek people.” Left-wing leader Alexis Tsipras insisted: “Greek workers … Continue reading

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Dr Boateng Chairs CIPS Advisory Board

The Chartered Institute of Purchasing & Supply (CIPS), the world’s largest professional body representing the procurement and supply chain management profession, has appointed Dr. Douglas Boateng as chairman of its Africa Strategic Advisory Board. He will manage the board’s sub-Saharan Africa operations from South Africa … Continue reading

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SMEs Boost Sales on Facebook

Popular social networking site, Facebook has become a social utility that connects people with friends and others who work, study and live around them. People use Facebook to keep up with the families and friends because it appeals to a wide range … Continue reading

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Gov’t Sources $990m For Eastern Rail

Government is sourcing $990 million from the Investment and Commercial Bank of China for rehabilitation works on the Eastern Rail lines; Nsawam to Accra and Achimota to Tema. Another $1.95 billion is being sought from the Exim Bank of China … Continue reading

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Maritime Protection Web Apps for Ghana

Ghana is one of the countries that will benefit from a $1 million US Department of Defense (DoD) programme to develop web applications for use in maritime protection. Students of the University of Ghana will work to develop the application … Continue reading

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