The Standard Chartered Bank Plc has stated its intensions to acquire some banks in Ghana and Nigeria as part of measures being considered to expand its Sub-Saharan presence.  The newly appointed Africa CEO, Diana Layfield, told Reuters that Standard Chartered Bank is looking to double its Nigerian branch network to 75 outlets by next year. It is unclear yet which of the banks in Ghana will be acquired... 

Clothe the Needy Foundation (CNF), a Koforidua-based non-governmental organisation, with the mission to improve lives by mobilising communities around the country to advance and provide the youth with employable skills in Arts and Information Computer Technology (ICT), has held a day’s art exhibition and fund-raising in Accra. The event, which was held at the Ghana National Association of Teachers... 

Government has been called upon to promulgate and enforce the local content law, which will compel foreign contractors to sub-contract at least 40% of all contract jobs to local contractors in the country. Lolu Akindele, MD of JA Plantpool The Managing Director of JA Plantpool, Lolu Akindele, who made the call, also suggested that “This law should cover all sectors of the economy including oil and... 

Stanbic Bank has sponsored the award for the 2nd-runner up in this year’s National Farmers Day celebration which came off last Friday at Agona Nsaba in the Central Region. Kwaku agyeman flanked by MD of Stanbic Bank, Alhassan Andani (left) and Head Marketing and Public Affairs The award went to Philip Kwaku Agyeman, a 44-year-old farmer, in the Dorman Municipality of the Brong Ahafo Region. Receiving... 

-Best B/A Farmer appeals to gov’t The 2011 Brong Ahafo regional Best Farmer, 56-year-old Stephen Kwadwo Adjei, who hails from Nyinase Jerusalem in the Nkoranza South District, has called on government to assist farmers to access loans. Mr. Stephen Kwadwo Adjei (left) BA Best Farmer, in a hand shake with the BA Regional Minister, Hon. Kwadwo Nyamekye-Marfo Mr. Adjei made the appeal in an interview... 

Guinness Ghana Breweries Limited (GGBL) has announced the success of its GH¢70 million Renounceable Rights Issue after it was oversubscribed by about 46 per cent. The company offered over 46 million ordinary shares for GH¢1. 50 per share for existing shares. GGBL exceeded its target of 70 million cedis and raked in over GH¢101 million, according to a statement released by the company on Wednesday. According... 

The Ministry of Energy has signed a 350-million-dollar contract with Weldy Lamant Associates International of the United States of America for a rural electrification project covering sixteen communities in the Asikuma-Odoben-Brakwa District of the Central Region. District Chief Executive (DCE) for Asikuma-Odoben-Brakwa District, Mrs. Georgina Nkrumah Aboah, made this known at the Third Ordinary Meeting... 

The African Tax Administration Forum (ATAF) is preparing a treaty for the exchange of tax information among African countries in a bid to combat tax evasion and avoidance. Executive Secretary of the Forum, Logan Wort, says the Agreement would serve as a legal instrument to ease tax cooperation on the continent, especially on matters involving multinational companies. It modeled after the OECD’s... 

The Bank of England is one of six central banks taking part in the co-ordinated action The central banks of some of the world’s biggest economies have announced a programme of co-ordinated action designed to support the global financial system. The US Federal Reserve, the European Central Bank, the Bank of England and the central banks of Canada, Japan and Switzerland are all involved. Their... 

Lufthansa German Airlines has announced plans to expand its operations in China and next year it will be resuming its service to Shenyang and also launch a new route to Qingdao. This move, according to a statement signed and issued by the Lufthansa German Airlines of Lion Sun Consulting, Lagos-Nigeria, will enable travellers from Ghana to China have more destinations to choose from. The statement...