Ghanabizmedia April 2011 ISSUE

April 2011 ISSUE (Full Version)

Introduction

This April GB&F online dedicated a report on mobile & payments which is set to take the country by storm (see: Mobile Money Wallet). We also tackle Ghana’s vibrant and potentially successful private sector with focus on banks and their coping with loans. Finally, amongst many interesting articles, internationally renowned Professor Kwame Addo speaks about his vision of Ghana’s national renewal through modern & inspiring architecture. Read it all!

Latest News:

Leader

A case for the proper pricing...

Oheneba Lovelace Prempeh Countries all over the world accept that they do not control the prices of their imports, and Ghana is no exception. In...Read More >>

Development Planning

Visions of Ghana: A new commitment...

Transformation of old Fadama, Accra If Ghana's first republic had a profound socio-economic impact on the people, it was probably thanks to President Kwame Nkrumah's 7-year...Read More >>

Digital TV

Prospects bright for meeting digital TV...

New ways of recording and using content such as photos, music, videos and digital technologies have become indispensable in today's fast-paced digital world. Television and radio...Read More >>

Business

SMEs feel the credit squeeze

Hannah Tetteh, Ghana’s Minister of Trade and Industry The Association of Ghana Industries (AGI) quarterly Business Barometer Index is becoming more than a morsel for the...Read More >>

Media

DISCOP brings together TV content producers,...

A new market for media equipment manufacturers, TV content producers and buyers is broadening the frontiers of broadcasting in Africa. Cherise Barsell, Regional Manager, Africa,...Read More >>

Banking

Ghanaian banks grapple with high default...

Captain (Rtd) Prince Kofi Amoabeng, CEO - UT Bank When the sub-prime mortgage lending problem exploded into a full-blown global credit crunch in late 2008, Ghanaian...Read More >>

Telecom

Telcos stir up new electronic payment...

The automated teller machine (ATM) may have succeeded in making "bricks and mortar" banking almost an obsolete idea in many parts of the world but did...Read More >>

Transportation

Volta Lake timber harvest set to...

Clearing tree stumps will soon make way for accident-free journeys on the Volta Lake The seven-kilometre road from Akosombo to Sedorm is largely dirt track, but...Read More >>

Capital Mobilisation

New ways of raising diaspora funds...

The tie between the African migrant and home has long been a valuable asset to those on both sides of the divide. In Africa's kaleidoscopic past,...Read More >>

Infrastructure

The infrastructure financing and debt cycle

Discussions with road contractors in Ghana about the inner workings of their industry always highlight one fundamental problem, that of cash flow.This constraint means that...Read More >>

Hospitality

African Sun Hotels - Pan African...

Holiday Inn Accra Until recently, the tag on Accra as the gateway to West Africa did not seem to carry much weight. But when the major...Read More >>

Mining/Advertorial

NEWMONT - Changing the face of...

Newmont Ghana supports communities in its catchment areas in various development schemes Newmont Ghana supports communities in its catchment areas in various development schemesMining companies in...Read More >>

MTN/Advertorial

The good side of competition

MTN is spending and it is spending big, both on business and humanitarian fronts. The race for subscribers' money in Ghana has forced mobile telephony companies...Read More >>

Trade

A dilemma of choices: second-hand or...

Obtaining vehicle spare parts in Ghana presents multiple options based on two key choices - brand new or second-hand parts. New parts carry the risk of...Read More >>

Sovereign Credit Risk

Sub-Saharan Africa shakes off high political...

The unexpected and ongoing political crises in the Middle East and North Africa (MENA) region challenge the view long held among international investors that the level...Read More >>

Bulletins
Government raises GH¢400 million through bondsThe government has issued a three-year bond to raise GH¢400 million to pay its domestic debt mainly owed to contractors.The country's domestic debt has...Read More >>

Bulletins
More labour unrest expectedAgitations on the country's labour front are continuing following the implementation of the new public sector salary scheme, the Single Spine Salary Structure. In...Read More >>

Bulletins
Inflationary pressures returnLatest figures from the Ghana Statistical Service indicate inflationary pressures have resumed after a 19-month break, which saw the inflation rate drop from a peak...Read More >>

Bulletins
	Ghana gets $110 million from sale of first...The Ghana National Petroleum Corporation (GNPC) acting on behalf of the Government of Ghana last month successfully lifted close to a million barrels of crude...Read More >>

Bulletins
Ban on second-hand goods take effectA ban on the importation and sale of used underwear took effect last month amidst petitions by second-hand dealers for the Ghana Standards Board (GSB)...Read More >>

Bulletins
Ghana boosts Africa's oil supplyThe Organisation of Petroleum Exporting Countries (OPEC) has stated that an increase in Africa's crude oil supply by 90,000 b/d from the previous year to...Read More >>

Bulletins
Forbes ranks Ghana 11th friendliest nationGhana's efforts to become a destination of choice for foreign tourists could get a big boost if tour operators and travel agents share with their...Read More >>

Bulletins
Hoteliers welcome new taxThe national president of the Hotels Association of Ghana, Herbert Acquaye has welcomed a proposal to impose a 1% levy on hotel rates. The levy...Read More >>

Bulletins
	Three firms invest $30 million in cotton productionGhana's cotton industry has received a boost from a multi-million dollar investment package from three commodity marketing companies. The companies, OLAM Ghana, ARMAJARO and WIENCO...Read More >>

Bulletins
Comet listing on GSE failsComet Properties limited has withdrawn its application to list on the Ghana Stock Exchange (GSE) following its failure to raise a minimum of GH¢18 million...Read More >>

Bulletins
	Africa World Airlines begins operations soonA new domestic air carrier is set to begin operations in the country in July, after receiving its licence from the Ghana Civil Aviation Authority....Read More >>

Bulletins
	Energy Bank opens for businessA new bank of Nigerian origin has begun operations in the country following its granting of a universal banking licence by the Bank of Ghana....Read More >>

Bulletins
Aluworks posts losses in 2010Aluworks Ghana posted a loss of GH¢7.5 million for the 2010 financial year.The aluminium smelting firm has faced the high cost of raw material...Read More >>

Bulletins
	MTN scraps roaming charges across five countriesThe MTN Group has introduced borderless and tariff-free roaming services across five of its operations: Botswana, Rwanda, Swaziland, Uganda, and Zambia.A statement from the...Read More >>

Bulletins
West Africa Fair Fruit expands outreach to cocoa...The West Africa Fair Fruit (WAFF) is scaling up interventions to support women's groups in cocoa farming communities in the Ashanti region.Barely two years...Read More >>

Bulletins
	La Casera launched in AccraA new carbonated fruit drink of Spanish-origin has been introduced onto the Ghanaian market. The drink is produced by Classic Beverages Nigeria Limited and marketed...Read More >>

Bulletins
PBC to raise additional capitalShareholders of the Produce Buying Company (PBC) have endorsed the company's move to go to the Ghana Stock Exchange (GSE) to raise additional capital...Read More >>

Bulletins
Vodafone kicks against call monitoringVodafone Ghana is resisting attempts by the government to install on the premises of telecom operators, systems to monitor international calls for the purpose of...Read More >>

Bulletins
	Tullow records more than 100% leap in profitsTullow Oil Plc recorded a 137% jump in its profit for last year after seeing an increase in revenues from higher oil and gas prices...Read More >>