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The government of Ghana is overwhelmed by a huge debt of US$1 billion resulting from court cases. The debts were judgements, fines and other fees secured by individuals and organizations against the government in court cases in the last…

The Consumer Prices Index (CPI) slid from 2.2% to 1.8% in June, the Office for National Statistics (ONS) said - the lowest since September 2007. Falling food prices in June - particularly for meat, milk and fruit - were the main factor…

AngloGold Ashanti Ltd., the world’s third-biggest gold producer has resumed the export of gold from its Siguiri mine in Guinea following talks and after making a $10 million part payment for an environmental fund. In a press release issued…

The Monetary Policy Committee (MPC) of the Bank of Ghana meets today Tuesday July 14, 2009 to review the economy and declare on the prime rate. The prime rate is currently pegged at 18.5%. Information reaching ghanabusinessnews.com says…

President Barack Obama of the US left Ghana on the evening of Saturday July 11, 2009, after his historic and momentous visit to Ghana, but the euphoria that followed and the impact of the visit is still gathering momentum. The Chief…

The Bank of Ghana (BoG) has charged insurance operators to use innovative ideas and strategies to deepen the penetration of the industry to complement the banking sector in mobilising resources for economic growth. Dela Selormey, Head,…

The number of oil and gas companies showing interest in the 30% stake of Kosmos Energy in Ghana’s Jubilee oil field is growing. The latest to show interest is the Indian state-run Oil & Natural Gas Corporation (ONGC). Even though it has…

Everyone predicted Microsoft Corp. wouldn't take long to fire back against Google Inc.'s latest foray into its home turf. It took less than a week. On Monday, Microsoft said it would offer a free version of its popular Office software…

Michael Jackson's comeback concerts will never happen, but you can still get the T-shirt. Merchandise from Jackson's "This Is It" tour, which was scheduled to begin Monday in London, will be available online and at retailers across the…

German investor confidence probably rose to a three-year high this month on signs the contraction in Europe’s largest economy is coming to an end, a survey of economists shows. The ZEW Center for European Economic Research will say its…