German Economic Growth Speeds Up
Higher consumer spending has helped to boost growth in the economy Germany's economy grew strongly in the first three months of this year, driven by investment and consumption, official figures show....
Tag: economy
A Weapon Against Ghana’s Poverty
Government and private establishments should expand their employment opportunities “For me, it is all about people having jobs, and that is why I make no apology for having focused relentlessly on...
China Agrees To Open Market To US Beef, Gas
China announced on Friday an agreement with the United States to resume imports of US beef and open its market to US natural gas and financial services. The deal comes a month after Chinese President...
Why the Death of Capitalism Is Eminent With the Growing Advancement In Technology
Why the death of capitalism is eminent with the growing advancement in Technology The capitalist assumes he is being smart by overseeing rapid technological advancement Why the death of capitalism is...
Most Asian Markets Retreat After Upbeat Week
Most Asian markets turned lower Friday following a healthy run-up in the week, tracking a sell-off on Wall Street where a plunge in retail giant Macy's fanned concerns about the key US retail sector....
Government Takes Bold Step On Local Procurement
Government will soon introduce a procurement policy that will bond its agencies and large companies operating in the country to source majority of their raw materials and inputs from local producers...
Ministry of Finance Announces Fresh Appointments
The Ministry of Finance has appointed new officers to key positions in the Ministry in a bid to help push the reforms the government intends to pursue. Overall four persons have been appointed to...
Eugene Asante Ofosuhene Is New Controller and Accountant General
President Akufo-Addo has appointed Mr. Eugene Asante Ofosuhene as the Acting Controller and Accountant General. He replaces Mr. Seidu Kotomah who was appointed by ex-President Mahama. Mr....
UK Virtual Reality Firm Improbable Raises $500m
A London-based virtual reality firm has raised $500m (£388m) in one of the biggest investments in an early stage European technology business. Japan's Softbank is backing Improbable in a funding...
Hike In Transport Fares Pushes Inflation Up To 13%
The 15 percent increment in transport fares by the GPRTU in April has pushed inflation up slightly to 13 percent from 12.8 percent in March, the Ghana Statistical Service has announced. “The rise...
World’s Tallest Building Delayed To 2019
The completion date for the world's tallest tower has been pushed back to 2019, a Saudi Arabian billionaire said Thursday, almost six years after launching the record-breaking project. Jeddah Tower...
Finance Ministry Appoints First Female Director of Budget
Ms. Eva Mends, a Chief Economics Officer at the Ministry of Finance has been appointed as the acting director of budget at the ministry. She becomes the first ever female to hold that position after...
GIPC To Publish New Rules For FDIs
The Ghana Investment Promotion Center (GIPC) says it will soon publish details of its review of criteria and requirements for foreigners who wish to invest in the country. Currently foreign investors...
SLeone Govt To Seek Higher Diamond Offers In Belgium
Sierra Leone's government said Thursday it would seek higher offers in Belgium for a massive 709-carat diamond found by an Evangelical preacher after underwhelming offers at auction at home. A...
Bullhaus Rep Who GHAMRO Sent My Royalties To Denies Receiving Any Amount – Shatta Wale
Days after dancehall act Charles Nii Armah Mensah Jnr. popularly known as Shatta Wale went haywire on social media to demand for his royalties from the Ghana Music Right Organisation (GHAMRO), the...
Eva Mends Appointed First Female Director of Budget
Eva Mends, a Chief Economics Officer of the Finance Ministry has been appointed as Acting Director of Budget, which makes her the first ever female to be appointed a Director of Budget at the...
Wells Fargo Announces $2 Bn In Additional Cost Cuts
Tarnished banking giant Wells Fargo said Thursday it will cut an additional $2 billion in costs each year as it aims to restore its reputation following a fake bank accounts scandal. The leader in...
Spending Squeeze To Worsen, Warns Bank
Bank of England governor Mark Carney has warned of a consumer spending squeeze this year as inflation rises and real wages fall. This year will be "a more challenging time for British households" and...
US Wholesale Prices Rebound Sharply In April
Mounting services costs drove up US wholesale inflation in April, with the annual measure hitting its fastest pace in five years, the Labor Department reported Thursday. The figures pointed to a...
Estate Developer Jailed 36 Months For Fraud
An Accra Circuit Court on Wednesday sentenced Mark Brown, a Real Estate Developer, to 36 months imprisonment in hard labour for defrauding by false pretence. Mark, issued a United Bank for Africa...