http://business.peacefmonline.com/rss/economy.xml Visit Peace FM Online for latest news, breaking news, audio and feature stories in Ghana en-us Peace FM Online 2009 2010-03-04T21:45:46+01:00 Michael Ofori Amanfo Boateng Ghana News http://business.peacefmonline.com/economy/201003/39575.php President John Evans Atta Mills has called on developed nations to support the World Bank Group’s bid for a capital increase in order to boost the Bank’s funding capacity for low income countries. http://business.peacefmonline.com/economy/201003/39575.php http://business.peacefmonline.com/economy/201002/39196.php The Customs Excise and Preventive Service, (CEPS) Internal Revenue Service, (IRS) and the Value Added Tax Service, (VATS) collected a total tax revenue of GHC 4,567.00 million last year. http://business.peacefmonline.com/economy/201002/39196.php http://business.peacefmonline.com/economy/201002/38982.php The Monetary Policy Committee (MPC) of the Bank of Ghana has predicted that inflation at the end of this year will range between 7.5 per cent and 11 per cent. Inflation declined further to 14.8 per cent in January from the December figure of 15.97 per cent, consistent with a steady decline in inflation rates since July last year, after the number peaked at 20.74 per cent in June. http://business.peacefmonline.com/economy/201002/38982.php http://business.peacefmonline.com/economy/201002/38449.php The Minister of Finance and Economic Planning, Dr Kwabena Duffour, has taken the Customs, Excise and Preventive Service (CEPS) to task and challenged its leadership and workers to rid the service of its perceived corruption. http://business.peacefmonline.com/economy/201002/38449.php http://business.peacefmonline.com/economy/201002/38284.php The global downturn has had a serious impact on poor nations and risks reversing improvements made in some countries, the United Nations Development Programme (UNDP) has stated. http://business.peacefmonline.com/economy/201002/38284.php http://business.peacefmonline.com/economy/201002/38225.php Mr Claude Maerten, Head of European Union (EU) Delegation, has pledged support to develop strong bilateral relations between the EU and Ghana to promote peaceful economic integration among West African countries. http://business.peacefmonline.com/economy/201002/38225.php http://business.peacefmonline.com/economy/201002/38113.php President John Mills has urged African business executives to work towards achieving a common continental market in order to boost trade on the continent. http://business.peacefmonline.com/economy/201002/38113.php http://business.peacefmonline.com/economy/201002/38082.php The Finance Minister, Dr Kwabena Duffour, says the country’s gross foreign reserves, which shot up to about three billion dollars at the end of December, 2009, from two billion in December 2008, wills strengthen the cedi and enhance its competitiveness in attracting foreign investors. http://business.peacefmonline.com/economy/201002/38082.php http://business.peacefmonline.com/economy/201002/38074.php The country’s inflation rate dropped from 15.9 per cent in December last year to 14.78 per cent in January this year. This figure is the lowest for the past 12 months, a drop by 5.08 per cent of last year’s figure of 19.86 per cent. http://business.peacefmonline.com/economy/201002/38074.php http://business.peacefmonline.com/economy/201002/38007.php Ghana has experienced a healthy growth, registering some 300 projects in the non-mining and petroleum sectors, with an estimated cash inflow of more than $700 million, President J.E.A. Mills has said. http://business.peacefmonline.com/economy/201002/38007.php http://business.peacefmonline.com/economy/201002/37955.php Corruption in the construction industry all over the world is a serious canker which needs to be tackled holistically, the President of the Ghana Institution of Engineers, Andrew T. Barfour, has said. http://business.peacefmonline.com/economy/201002/37955.php http://business.peacefmonline.com/economy/201002/37846.php President John Evans Attta Mills has appointed one time Finance and Economic Planning Minister, Dr. Kwesi Botchwey, a member of the government’s Economic Advisory Council (EAC). http://business.peacefmonline.com/economy/201002/37846.php http://business.peacefmonline.com/economy/201002/37550.php The British High Commissioner in Ghana, Dr Nicholas Westcott, has said that the practice where incumbent governments disregard agreements signed with foreign investors by previous administrations can scare investors from coming into the country. http://business.peacefmonline.com/economy/201002/37550.php http://business.peacefmonline.com/economy/201001/37324.php A national secretariat to provide administrative and technical support to the National Committee on Informal Economy (NCIE) was inaugurated in Accra on Tuesday. http://business.peacefmonline.com/economy/201001/37324.php http://business.peacefmonline.com/economy/201001/37272.php The Management of Micro-finance and Small Loans Centre (MASLOC) is to start recovering GH¢81,846,875 owed by defaulting beneficiaries under the scheme, from February this year. http://business.peacefmonline.com/economy/201001/37272.php http://business.peacefmonline.com/economy/201001/37267.php Dr. Joseph Annan, the Deputy Minister of Education, has launched a 10-year development plan for Komenda and said the defunct sugar factory would be revamped. http://business.peacefmonline.com/economy/201001/37267.php http://business.peacefmonline.com/economy/201001/36947.php The UK Department for International Development (DFID), has provided 200 million Ghana cedis grant to the Government of Ghana, to support health and education projects, financial management and public sector reforms. http://business.peacefmonline.com/economy/201001/36947.php http://business.peacefmonline.com/economy/201001/36774.php Year-on-Year Inflation in Ghana declined further in December 2009 and is set to ease further in the months ahead, the Government Statistician, Grace Bediako, reported last Friday at a meeting with the press. http://business.peacefmonline.com/economy/201001/36774.php http://business.peacefmonline.com/economy/201001/36601.php Inflation rate fell to 15.97 per cent in December, a sixth consecutive decline and the lowest in 2009. http://business.peacefmonline.com/economy/201001/36601.php http://business.peacefmonline.com/economy/201001/36573.php The Ghana Cedi recorded its first loss this year on Wednesday against its major international trading currencies, the Pound, Dollar, Euro and the CFA. http://business.peacefmonline.com/economy/201001/36573.php