THE UNCTAD’s Review Maritime Transport 2014 report indicates that world seaborne shipments grew by an average of just 3.8 per cent in 2013, taking total volumes to nearly 9.6 billion tonnes.
Category: Investing
$5 Million Grant For Journalists In Africa Great Lakes Region Unveiled
THE International Women’s Media Foundation (IWMF) has announced a $5 million grant from the Howard G. Buffett Foundation to expand its reporting initiatives in Africa’s Great Lakes region.
Ghana: Minority Walks Out Of Parliament Over Killer Tax
GHANA’S Parliament has passed a bill presented by the Finance Minister, Seth Terkper, that will see an imposition of 17.5 percent tax on petroleum products in the country.
IMF Unveils Special Data Dissemination Standard Plus
THE Managing Director of the International Monetary Fund (IMF), Ms. Christine Lagarde today welcomed the announcement by nine countries to formally commit to higher standards of economic and financial statistical data by adhering to the institution’s Special Data Dissemination Standard (SDDS) Plus – the highest tier of the Fund’s Data Standards Initiatives.
University of Ghana Imports Gowns From China
GHANA’S insatiable quest for importing almost everything from China now knows no bound, such that academic gowns for the University of Ghana, Legon, are sourced from China.
Duffuor ‘Baby’ IFS Battles Ghana’s Fiscal Indiscipline
THE immediate past Minister of Finance and Economic, Dr Kwabena Duffuor has injected dynamism into the fight against fiscal indiscipline in the country following the establishment of the Institute for Fiscal Studies (IFC).
Retrieving Public Cash: Gov’t Welcomes Calls On Auditor General To Act
GHANA’S Minister of Communications Dr Edward Omane Boamah has welcomed calls on the Auditor General (AG) Department to, within 30 days, recover all stolen public monies documented in its reports over the past eleven years.
Ghana Faces Debt Unsustainability Quagmire
GHANA’S economy, which grew by 6.7% of Gross Domestic Product (GDP) in the first quarter of the year, is facing debt sustainability challenges, as the Mahama-led government keeps on contracting more loans to undertake development projects in the country.
Port ‘Pirates’ Plunder State Millions Of Ghana Cedis
EFFORTS by the state to collect revenue to execute development projects seem to have suffered a major setback, following a well-rehearsed strategy by some clearing agents at the Tema Port to under-declare imported items.
Moody’s Downgrades SA’s Old Mutual
MOODY’S Investors Service today downgraded the insurance financial strength rating (IFSR) of Old Mutual Life Assurance Company (South Africa) Limited, to Baa1 from A3 and the senior debt rating of Old Mutual Plc to Baa3 from Baa2.