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Stepping into history, Barack Hussein Obama grasped the reins of power as America's first black president on Tuesday, saying the nation must choose "hope over fear, unity of purpose over conflict and discord" to overcome the worst economic…

Tullow Oil has confirmed strong oil flows from its deepwater Jubilee discoveryoffshore Ghana. The announcement Monday of successful appraisal at the Hyedua-2 well on the Jubilee field comes as the UK independent is locked in talks with…

Total funds in Epack's investment portfolio, a mutual fund managed by Databank Group, reached GH¢108.63 million in June last year. The figure represents an increase of 91.13 percent from its level in the same period in 2007. The fund's…

The Ghana National Chamber of Commerce and Industry (GNCCI) has proposed to government to consider urgent measures that will ensure macroeconomic stability. This is expected to be presented to government and forms part of the input into…

The Governor of the Bank of Ghana, has not resigned from his post and neither is he on leave as earlier reported by sections of the Ghanaian media. Dr. Paul Acquah is said to be at post this morning January 20, 2009. Esi Hammond, Public…

Information reaching ghanabusinessnews.com indicate that Tullow Oil has gone to the International Finance Corporation (IFC) for $115 million in corporate debt to back the Jubilee field development in Ghana. Attempts by…

An international communications expert, Mr. Robert Goldie has called on hoteliers to esteem the culture of maintenance, as a way of developing the tourism industry. Mr. Goldie, the West African Regional Head of Avaya Intelligent…

Recent comments, by functionaries of the new government as well as other notable institutions, such as the World Bank, paint a rather poor picture about the state of Ghana's economy that it is worse than hitherto thought. The World Bank…

Arguably, the Ghanaian economy was more macroeconomically stable in the last eight years than the preceding one. To explain, annual inflation from 2001 to 2008 ranged between 32.9 percent (recorded in 2006) and 11.0 percent (recorded in…

Organised labour Monday January 19, 2009 expressed surprise at the proposed salary increases of between 16.5 and 34 per cent announced by the previous government a day before the current administration was sworn in. Describing its members…