Ghanabizmedia January 2011

Jan / Feb 2011 ISSUE (Full Version)

Introduction

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:

Leader

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 >>

Telecom

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 >>

Manufacturing

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 >>

Aviation

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 >>

Mining

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 >>

Ecowas

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 >>

Politics

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 >>

Bulletins
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 >>

Bulletins
	Oil 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 >>

Bulletins
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 >>

Bulletins
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 >>

Bulletins
	Total 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 >>

Bulletins
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 >>

Bulletins
	Enterprise 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 >>

Bulletins
	Comet 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 >>

Bulletins
	Telcos 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 >>

Bulletins
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 >>

Bulletins
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 >>

Bulletins
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 >>

Bulletins
	VALCO 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 >>

Bulletins
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 >>

Bulletins
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 >>

Energy
	VRA 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 >>

Banking
	Banks 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 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 >>

Insurance
	Micro-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... 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 >>