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Wed, 28-Jul-10
Manufacturing Faces Tough Times

Ghana’s beleaguered manufacturing sector has yet more to grapple with, as skyrocketing costs from jacked-up utilities tariffs and high cost of raw materials further undermine its competitiveness.


AGI President, Nana Owusu-Afari, said the huge increase in utilities tariff since June has translated into up to 300 percent increase in electricity bills for some manufacturers and is just unbearable, especially considering the other costs from high levels of taxation and costly commercial bank credits.

[more]

LATEST NEWS

FPSO Still Under Insurance Cover

Issue 1130: Wed, 28-Jul-10

The Kwame Nkrumah Floating Production Storage and Offloading System (FPSO) - to be insured to the tune of US$1.1 billion when conversion is completed by November - is still under insurance cover.

Samsung Committed To Africa

Issue 1130: Wed, 28-Jul-10

Mr. Kwang Kee Park, head of Samsung Electronics Africa, has stated that the Company will be more committed to Africa region because its growth potential is an enormous opportunity to do business and increase market share.

UT Bank To Redefine Banking

Issue 1130: Wed, 28-Jul-10

Capt (rtd) Prince Kofi Amoabeng, CEO, UT Bank has disclosed that the Bank is in business to redefine banking services in the country and also venture into insurance business in the near future.

Woes Of A Jabulani Ball

Issue 1130: Wed, 28-Jul-10

I am Ghana


I never let Africa down


Never have

US Air Force Commanders Visit GCAA

Issue 1130: Wed, 28-Jul-10


The Commander of the United States Transportation Command (USTANSCOM), General Duncan McNabb, has commended the Ghana Civil Aviation Authority (GCAA) for its effective and efficient safety oversight responsibility in the Sub-region.

Unilever Posts Impressive Half-Year Results

Issue 1130: Wed, 28-Jul-10

Unaudited financial results of Unilever Ghana Limited for the first-half of 2010 show the consumer goods manufacturer recorded impressive growth in revenue and profit-after-tax over the period.

MORE NEWS

Tullow's Owo-1 Well Makes Oil Find Offshore

Issue 1130: Wed, 28-Jul-10


Tullow Oil, Europe's largest independent oil explorer by market value, said on Monday

TIGO launches ‘Talk For Free’ product

Issue 1130: Wed, 28-Jul-10


TIGO, a leading mobile telephony company, has launched a unique product known as Cust

Shell Signs First Gas Supply Contract In Ogun Free Trade Zone

Issue 1130: Wed, 28-Jul-10

SHELL Nigeria Gas Limited (SNG) has completed moves to comence the supply of gas to Hewang Pac

Riis Memorial Marks Homecoming And Funfair

Issue 1130: Wed, 28-Jul-10


The 25th anniversary celebration of Riis Memorial School at Dansoman continued with a

RICS Consult Donates To Osu Children’s Home

Issue 1130: Wed, 28-Jul-10


RICS Consult Limited - a leading integrated, marketing communications consultancy fir

Quality Programming, Future For Public Service Broadcasting

Issue 1130: Wed, 28-Jul-10

The future of public service broadcasting (PSB), in the face of fierce competition from commer

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 Eye Witness Account

Doris Kwakwukume; A Daring Matriarch



Mrs. Doris Kafui Kwakwukume is the Country Manager of SC Johnson Ghana as well as the Marketing Director for West Africa.
The words that describe her best are vivacious.....

Vote For Me (From The Achieves )


I’m running for President. Don’t laugh. (Why do you think I resigned from.....

Re-Living The Days Of Palm Wine Music


Palm wine music is a genre of heritage passed down to us by our ancestors. And it is .....

Volta Region Is Not All About Borborbor Dance.

Bordering on French speaking Togo, the Volta Region holds sway to some of the most amazing pic.....

U2 Is World's Top Earning Band


Irish rockers U2, who netted $130 million from their massive world tour and other dea.....

Viasat 1 And The Booty Debate..


When Viasat 1 emerged on the television scene some two or so years ago, I was one of .....

FOREX RATES
 Currency Buying  Selling 

1.0734 

1.1231 

1.5725 

1.6454 

1.9367 

2.0269 

109.8500 

114.9400 

0.9780 

1.0231 

398.6500 

417.1300 

0.1390 

0.1454 

0.0100 

0.0104 

1.0068 

1.0530 

TREASURY BILL RATES
 Maturity 06 May, 10 

 Prime Rate

 91-Day Bill

13.50% 

 182-Day Bill

13.96% 

 1-Year Note

14.75% 

 2-Year Note

16.00% 

 Total Offered

 

BANK RATES
 Bank Rate 

 Agricultural Development Bank

24.75%

 Amal Bank

27.75%

 Barclays Bank

26.90%

 BSIC Ghana Ltd

29.50%

 Cal Bank

29.00%

 ECOBANK

26.50%

 Fidelity Bank

29.00%

 First Atlantic Merchant Bank

28.75%

 Ghana Commercial Bank

26.00%

 Guaranty Trust Bank

27.50%

 HFC Bank

29.75%

 Intercontinental Bank

27.25%

 International Commercial Bank

26.75%

 La Community Bank

25.00%

 Merchant Bank

29.49%

 NIB

29.60%

 Prudential Bank

28.00%

 SG-SSB

25.75%

 Stanbic Bank

27.50%

 Standard Chartered

29.50%

 The Trust Bank

29.50%

 UBA (Ghana) Ltd

27.00%

 UNIBANK

28.75%

 UT Bank

29.50%

 Zenith Bank

28.50%

AFRICAN ECONOMY

Samsung Committed To Africa

Mr. Kwang Kee Park, head of Samsung Electronics Africa, has stated that the Company will be mo....

ECOWAS Institutes US$61,500 Maiden Awards


The Economic Commission of West African States (ECOWAS) is to hold its maiden entrepr....

AGRA, Lundin For Africa And Injaro Boosts West Africa Seed Industry

The Alliance for a Green Revolution in Africa (AGRA) and Lundin for Africa Society in partners....

COMMODITIES
 Commodity P. Price  C. Price 

 Brent Crude

74.42 

74.42 

 COCOA

3,234.00 

3,234.00 

 COFFEE

134.15 

134.15 

 GOLD

3,169.00 

1,233.44 

 GOLD

 

1,233.44 

2010 MACROECONOMIC TARGETS
 Item Target 

 GDP

6.5% 

 Average Inflation

10.5% 

 End Period Inflation

9.2% 

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