Daily Archives: July 24, 2012

Aubynn Favours Mining Fund

Dr. Toni Aubynn, Chief Executive Officer (CEO) of the Ghana Chamber of Mines, has called for a special fund from mining revenues for communities and national development. He said the current practice whereby contributions from mining are kept in the consolidated … Continue reading

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Traders Threaten Protest

Traders in the retail sector have given government a week’s ultimatum to fulfill its promise of flushing out foreigners from the local markets or face their wrath. They noted that if government fails to remove the foreigners from the markets, … Continue reading

Posted in Local News | 1 Comment

West Africa Receives Highest FDI

Foreign Direct Investment (FDI) flow into Sub-Saharan Africa shot to a record high of $35.0 billion in 2011 from the $27.4 billion posted in 2010. Out of this, West Africa received a 46 per cent. According to the Economics & … Continue reading

Posted in International Business | 1 Comment

Ghana And The Vexing China Question

Ghana’s diplomatic relations withChinahit the fifty year mark on the 5th of July, 2010. Of all the countries that the Chinese Foreign Ministry website lists under theAfricaregion the Ghana-China nexus predates all.Egypt,MoroccoandAlgeria(listed in the North Africa region) are the only … Continue reading

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Petra Trust Sets Precedent

The most important but difficult decision people make in order to increase their chance of comfortable retirement is the selection of a trustee to oversee their Tier 2 and Tier 3 pension investment while they are busy with life. By … Continue reading

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BoG’s Quest To Tame The Dollar

Though the Bank of Ghana (BoG) and the Finance and Economic Planning Ministry have given assurance that they are collaborating fervently to keep the Ghana Cedi firm against the dollar, the situation has not improved. Between 2010 and 2011, the … Continue reading

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Volta Basin Not Ready For Exploration

The Volta Basin is not open for exploration due to limited seismic data on the area, Deputy Minister of Energy, Emmanuel Armah Buah has stated. In 2010, Ge­ological Survey Department (GSD) said studies it had conducted in the basin, which … Continue reading

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Star Life Assurance Target Churches

Star Life Assurance Company Limited has initiated an insurance programme to influence churches to get involved in welfare schemes that would be beneficial to all members. As part of the programme, the company is expected to offer professional services and … Continue reading

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PIAC Begs For Funds

Nine months after the establishment of the Public Interest & Accountability Committee (PIAC) under the Petroleum Revenue Management Act 2011, the outfit still has no funds to maintain its operations. None of the 13 members of the committee has been … Continue reading

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Tax Waiver Abuse Threatens Economy

Members of Parliament (MPs) have raised concerns over the abuse of the country’s tax waiver system by groups and individuals who are granted incentives to facilitate their operations. There seems to be a disjoint between items presented to Parliament for … Continue reading

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