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Jan / Feb 2011 ISSUE (Full Version)


This month’s issue touches on bringing lower cost electricity to West Africa, recapitalising Ghana’s banks and whether or not The Ivorian Crisis will mean economic gain for Ghana.

Latest News:
To collateralise or not to collateralise...
In November and December 2010, the key debate in the Parliament of Ghana on a bill to assure the effective management of revenues expected from Ghana’s...Read More >>
GB&F; Magazine
Ghana Business & Finance magazine launched
Ghana's first global business magazine, Ghana Business & Finance, was launched in Accra on December 1, 2010. The upscale monthly business magazine is focused on serving...Read More >>
Internet pioneers leave the playground to...
These redundant ZTE manufactured DSL equipment could have helped to nurture the growth of the internet industry in Ghana   Ghana can be proud to be the...Read More >>
Industrialists express concerns about 2011 budget
The government has a lot of convincing to do before it can rally Ghana’s entrepreneurs behind its budget   Government’s budget for the first year of Ghana’s...Read More >>
New Accra route posts record success...
The Elizabeth, Virgin Atlantic’s office in downtown Accra With the dust settling on the recent global financial crisis that had severe ripple effects on almost every...Read More >>
Akwatia diamonds spark fresh investor interest
Ghana Consolidated Diamonds is looking forward to a brighter future The Eastern Regional town of Akwatia, home of once world-famous Ghana Consolidated Diamonds Limited (GCD) and...Read More >>
Stock Market
Ghana’s Stock Market looks up to...
Financial analysts expect activity on the Ghana Stock Exchange (GSE) to gather more momentum this year than it did last year, in light of both the...Read More >>
The ECO: a common currency phantasm...
  The plan by the Economic Community of West Africa States (ECOWAS) to have a common monetary union with a single currency has been put forward several...Read More >>
The Ivorian Crisis: The positive &...
The ongoing Ivorian constitutional-political crisis that began after the November 28th presidential runoff is fast approaching its moment of truth, and the impact on Ghana will...Read More >>
Ghana adjudged global top reformer in improving access...Ghana has been recognised as the global best reformer in improving access to credit for firms, according to the World Bank/IFC's "Doing Business 2011 Report"....Read More >>
Oil production beginsOil production begins The production of crude oil in significant commercial quantities started in Ghana last December from the Jubilee Field. President John Evans Atta Mills performed the...Read More >>
BoG maintains policy rate at 13.5%The Monetary Policy Committee (MPC) of the Bank of Ghana maintained its policy rate at 13.5% at its last meeting for 2010. The MPC has...Read More >>
Parliament ratifies Ghana's membership of AFCGhana has officially become a member of the African Finance Corporation (AFC), following ratification of its membership by the country's 230-member legislature. Parliament also approved...Read More >>
Total assets of banks reach GH¢15 billionTotal assets of banks reach GH¢15 billionTotal assets of the banking industry reached GH¢15.6 billion as of the end of September 2010, according to the latest assessment by the Bank of...Read More >>
Private sector in danger of ECOWAS Tariff regimeGhana's private sector is said to be in danger of losing out in the future on the benefits available under the ECOWAS Common External Tariff...Read More >>
Enterprise Group lists on GSEEnterprise Group lists on GSE Enterprise Group Limited (EGL), listed on the Ghana Stock Exchange (GSE), replaced Enterprise Insurance Company (EIC) in November last year. The Group is the holding...Read More >>
Comet Properties goes publicComet Properties goes publicComet Properties Limited, a privately-owned Ghanaian real estate developer, has started the process of going public by issuing part of its shares to raise about...Read More >>
Telcos rebrandTelcos rebrand Two Ghanaian telecom companies, Kasapa and Zain, have rebranded their operations following changes in ownership of the respective companies.Kasapa Telecom Ghana, owned by Hutchison,...Read More >>
Guinness Ghana skips 2009/10 dividend after lossesGuinness Ghana Breweries Limited (GGBL) failed to pay dividends to its shareholders for the fiscal year which ended in June last year, as the company...Read More >>
CPC reopens chocolate plantThe Cocoa Processing Company (CPC) has resumed production of its flagship chocolate product, Golden Tree Kingsbite chocolate, after seven months of production shut down.The...Read More >>
E-zwich targets studentsThe Ghana Interbank Payment and Settlement Systems (GhIPSS) has recorded increased patronage of its e-zwich biometric payment card from students in tertiary institutions in Ghana....Read More >>
VALCO resumes productionVALCO resumes productionGhana’s aluminum smelting firm, VALCO, has resumed its operations after almost two years of shutdown due to what officials explained was low aluminum...Read More >>
Nsawam Cannery resumes operationsThe Nsawam Adoagyir Cannery Plant has been inaugurated in Nsawam, 10 kilometers from Ghana’s capital, Accra. The company, which has a workforce of over...Read More >>
Tullow Oil postpones listing on the GSEJubilee operator, Tullow Oil, which was supposed to begin the process of listing on the Ghana Stock Exchange (GSE), has postponed the exercise to this...Read More >>
VRA positions Ghana as West Africas power hub: with gas generation, the days of lower-cost electricity are expectedVRA positions Ghana as West Africa's power hub:... As the first barrel of crude oil poured from the belly of Ghana's Jubilee field last December, attention was drawn to the massive natural...Read More >>
Banks complete Phase One of recapitalisation: Capital raising needed urgently for Phase TwoBanks complete Phase One of recapitalisation: Capital raising...   The first deadline for the phased recapitalisation of Ghana’s banks was reached December 31, 2010 and the country’s banking industry regulator must be happy that...Read More >>
Property & Real Estate
Bright prospects for housing in GhanaBright prospects for housing in Ghana Premium apartments are the preferred choice for expatriates and Ghanaian retrnees from abroad   A casual drive through downtown Accra these days shows many luxury condominiums...Read More >>
Micro-insurance takes centre stageMicro-insurance takes centre stageThe regulator wants to open the floodgate to micro insurance services With the service sector overtaking agriculture as the highest contributor to Ghana’s gross domestic...Read More >>
ICT Investment
Cape Coast ICT Park project gears up for take offCape Coast ICT Park project gears up for... President Barack Obama makes a speech to Ghanian Parliament at the International Conference Centre in Accra, Ghana, July 11, 2009 The prospect of an...Read More >>
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Magazine Current Articles
Ghana adjudged global top reformer...
Ghana has been recognised as the global best reformer in...
Ghana’s Stock Market looks up to a good 2011Ghana’s Stock Market looks up...
Financial analysts expect activity on the Ghana Stock Exchange (GSE)...
Total assets of banks reach GH¢15 billionTotal assets of banks reach...
Total assets of the banking industry reached GH¢15.6 billion as...
Cape Coast ICT Park project gears up for take offCape Coast ICT Park project...
President Barack Obama makes a speech to Ghanian Parliament at...
Guinness Ghana skips 2009/10 dividend...
Guinness Ghana Breweries Limited (GGBL) failed to pay dividends to...