Nigeria’s all-share index fell to a five-month low on Tuesday, driven by losses in its oil and gas sector, as foreigners sold down their holdings and locals switched to short-term debt, dealers said. Nigerian share prices have been sliding since March 10, as domestic funds put cash into government debt auctions to lock in higher ...

Vice-President Kwesi Bekoe Amissah-Arthur has called on security chiefs in the West African sub-region to forge closer collaboration to effectively protect the maritime borders. Opening the Coastal and Maritime Surveillance Conference and Exhibition in Accra Thursday, the Vice-President quoted figures that indicated that an excess of $2 billion was lost in the sub-region annually as a result of insecurity along the maritime borders. He said the Gulf of Guinea was associated with security concerns,

Notorious robber, Johnson Kombian, is expected back in court today, after the Fast Track High Court last Monday adjourned his trial to March 19, 2014. He is facing two counts of murder and one count of conspiracy. The adjournment followed the absence of the accused person’s counsel at the court when the case was called at 10.22 a.m. However, Mr George Asomani, the counsel, showed up at the court at about 10.30 a.m. after his client had been whisked away from the court by prison wardens. At the

The government has stepped up efforts at increasing the production and processing of rice locally to reduce the current over-dependence on imported rice, a senior policy advisor at the Office of the President, Dr Sulley Gariba, has announced. According to him, although over the last five years rice production had increased significantly by 60 per cent, the volume and value of rice imports had seen a dramatic increase during the same period. Baseline survey Dr Gariba, who announced this at an official

The Pompora Treatment Plant (PTP) of the AngloGold Smoke Effect Association (PASEA) has filed a suit against the AngloGold Ashanti demanding payment of compensation for injuries its members have suffered from chemical emissions by the mining company. The association is also seeking an order to restrain AngloGold Ashanti from resuming its operations at the PTP site without due adherence to strict statutory procedures. It is also praying the court to direct the AngloGold Ashanti to finance the general

A Tema-based agrochemical company, Chemico Limited, has introduced a new programme known as the Chemico Akuafo Project to boost cocoa production. The Technical Consultant of the company, Mr. Kwame Obeng Adjina, said this at the end of a five-day training workshop for field officers at Bunso. He said the project was aimed at complementing government’s mass cocoa spraying exercise programme, to enable many farmers deal with various cocoa diseases. The training brought together field officers from

Sony has unveiled a prototype for a virtual reality headset for its PlayStation 4 console at a developers conference in San Francisco.

Ghanaian midfielder Uriah Asante has terminated his contract with Romanian side Astra Giurgiu.

Bank of Ghana Governor Henry Kofi Wampah has told the Business & Financial Times he believes the central bank’s strong intervention to shore-up the cedi is beginning to bear fruit, with the currency’s rate of fall slowing from January’s alarming peak. Speaking in an interview on March 11, five weeks after the bank set out new regulations to govern foreign exchange transactions within the country, Dr. Wampah said though the measures need more time to yield results, the bank’s initial assessment

Back in 1977, Tommy Docherty's Manchester United finished sixth in the table, some points behind league champions, Liverpool. It was therefore predicted to be a very one sided FA Cup final when the North West rivals walked out at Wembley in front of the ...

Ghana Commercial Bank Limited (GCB) has budgeted about GH¢1million toward Ghana’s participation in the World Cup in Brazil, in June. This comprises sponsorship of some 30 Ghanaians including the bank’s customers to Brazil; a donation to facilitate the creation of a Ghana Black Star Village in Brazil, and the sponsorship of live telecast matches to benefit the majority of Ghanaians. Dr. Fritz Gockel, Board Chairman of the bank, disclosed this when the bank presented a cheque for GH¢300,000 to

The Ministry of Defence has placed a ban on the importation of footwear for the Ghana Armed Forces (GAF). The move is to ensure patronage of footwear manufactured by the Footwear Division Limited of the Defence Industries Holding Company Limited (DIHOC), which is producing shoes for all uniformed security agencies in the country. The Minister of Defence, Mr Mark Owen Woyongo, announced the decision when he took his turn at the meet-the-press series in Accra yesterday. In a presentation that touched