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When over 200 prisoners broke out of Monrovia Central Prison just before Christmas, some may have felt that the inmates, many of them on remand, were justified in their actions. The prison system in Liberia, which is still recovering from a…

Developing countries will suffer a dip in foreign direct investments (FDI), the World Bank has said. It is projected that there would be a drop in FDI to the tune of $180 billion in 2009. The effect of this fall would be felt in 10 of the…

Details from bank cards thought to have been compromised at a Northampton filling station have been used for fraudulent spending across the globe. A Shell service station on the A45 eastbound road near Northampton is at the centre of a…

A French business school launched a degree in Islamic finance on Wednesday January 21, 2009, as more European Muslims seek careers in a fast-growing sector run under the precepts of Sharia law. Islamic banks avoid business that could be…

The International Monetary Fund (IMF) will sharply cut growth forecasts this month and the world will not return to strong growth for two or three years, IMF Managing-Director Dominique Strauss-Kahn said on Wednesday. 'Things are not…

A Ghanaian has been jailed for 12 years in Singapore for identity theft. The man, 33-year-old Essien Emmanuel was sentenced Wednesday January 21, 2009 for his involvement in the cloning of credit cards and theft of cash from Citibank…

The Member of Parliament for Prestea-Huni-Valley, Francis Adu Blay-Kwofie has protested against a public hearing on mining activities scheduled to take place on Tuesday at Mbease-Nsuta near Prestea. The hearing was in connection with the…

Standard Bank, parent company of Stanbic Bank Ghana, has been named 'Best Trade Finance Bank in sub-Saharan Africa' by GTR Magazine in its first annual readers' poll on the world's leading financial institutions. GTR is a leading…

Mr Emmanuel Bombande, Executive Director, West African Network for Peace building (WANEP) on Wednesday called on government to immediately equip the Ghana Navy and the Armed Forces with the necessary training to effectively protect the…

The dry weather conditions being experienced in the country could continue for well over a month. Although this harmattan season had not been characterized by severe dryness as had been the case in past seasons, such severity should not be…