China has gained potential access to millions of barrels of oil after it won approval for oil exploration and extraction in Afghanistan. China's rapid economic expansion has resulted in a surge in demand for oil in the country The country’s cabinet approved a deal to allow China National Petroleum Corporation (CNPC) to develop oil blocks in the Amu Darya Basin. The basin is estimated to... 

Airtel Ghana has launched an end-of-year promotion dubbed Airtel Friendzy that encourages customers to top up and stand a chance to celebrate the holiday season in style. Airtel Friendzy The promotion will run throughout December and end on February 29, 2012. The promotion will allow customers to win various prizes as they top up. There will be daily, weekly, monthly cash prizes and merchandise to... 

The Bank of Ghana has maintained its policy rate at 12.5%. Paa Kwesi Amissah-Arthur, Governor of Bank of Ghana At a press conference of the central bank’s Monetary Policy Committee (MPC), Wednesday December 21, 2011, the governor of the Bank, Mr. Kwesi Amissah-Arthur, said the current level of crude oil prices on the International markets may entail additional costs for crude oil importation with... 

The Ghana government has signed a pre-feasibility studies contract with Inekon Group, a Czech Republic Company to undertake a comprehensive study on possible areas of constructing light rail transport system (tramps). Alhaji Collins Dauda, Minister of Roads and Transport The studies that would be completed within three months would be followed by a comprehensive feasibility studies, and the subsequent... 

For road construction   Ghana Cocoa Board (COCOBOD) has released $200 million to the ministry of roads and highways, under the Cocoa Roads Improvement Project (CRIP Tranche II), for the maintenance, rehabilitation and upgrading of roads in cocoa growing communities in Ghana. Under the CRIP Tranche II, it was estimated that routine maintenance would be carried out on 4,000 kilometres, spot improvement... 

Euromoney, the world’s leading organiser of conferences for cross-border investment and capital markets for governments, banks and financial institutions will host its first major conference in Ghana February 2012. The conference, Euromoney Ghana Finance and Investment Conference, will bring together policymakers, businessmen, financiers and key overseas investors. Date for the event is February... 

 Of estimated revenue   The Ho Municipal Assembly was able to collect GH¢584,650.93 (71.15 per cent) of its estimated revenue of GH¢821,730.00 for 2011.   The Assembly plans to step up public education and deploy revenue taskforces to “step up mobilisation to run-off the year.”   Municipal Chief Executive, Mr. Isaac Kodobisah, announced this at the last ordinary session of the Assembly.   Mr.... 

Deputy Minister of Energy, Kofi Buah, has urged residents in the Western Region complaining about expatriates taking over opportunities in the oil industry to exercise restraint.    Kofi Buah, deputy Energy Minister He said it is too early to feel the expected impact from the industry. He has therefore assured the nation of government’s commitment to implement the local content policy to the... 

Tomato prices largely traded flat in monitored markets this week. In the Agbogbloshie market for example there was only a slight increase from GH¢/kg3.05 to GH¢/kg3.09 at the retail level. The price also held stable in Bawku, Tamale, Hohoe, Takoradi market. Only the Kumasi Central market recorded significant shifts at both the wholesale and retail levels. At the wholesale level, the price went up... 

For 5 ministries   STORY: EVANS OSEI BAFFOUR, FROM PARLIAMENT In order to ensure that government implements policies that will inure to the benefit of Ghanaians, Parliament has approved the budgetary allocations of GH¢4,289,418,706.00 for five ministries for the 2012 fiscal year. Joyce Bamford Yeboah, Speaker of Parliament The ministries include education, roads and highways, food and agriculture,...