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Bailout package for Tema Oil Refinery almost ready

The Ministry of Finance is negotiating final terms of a debt restructuring facility to save the Tema Oil Refinery (TORY) from total collapse.The refinery is presently in deep financial crisis as a result of massive debts accumulated over years of under-recovery of petroleum prices.... Full Story

Finance & Money | myjoyonline.com | Tuesday, 16 March 2010 | COMMENTS

Ghana's banking sector must be more dynamic - Ishac Diwan

World Bank Country Director, Mr Ishac Diwan has called for the collective efforts of bankers, financial market participants, regulators, central bankers and government officials, to enable Ghana become a dynamic financial centre and a regional hub within the sub region.Speaking on the theme: "Aggressive Financial Intermediation for Rapid Socio-economic Growth and Development," at the launch of the 2009 Ghana Banking Awards, Mr Diwan said "So far, we have seen improvements in the core business of banking. The banking sector was estimated to account for about 70.1 per cent of total financial system assets followed by Ghana's pension fund, SSNIT, with ... Full Story

Finance & Money | Graphic Business | Tuesday, 16 March 2010 | COMMENTS

UT Bank customers receive loans via e-zwich

Indigenous Ghanaian bank, UT Bank, has found innovative ways of using the e-zwich platform to disburse to its customers in the remotest part of the country.More than 920,000 Ghana cedis was disbursed to customers of the bank three weeks ago in a loan scheme to micro and small scale businesses.... Full Story

Finance & Money | GNA | Tuesday, 16 March 2010 | COMMENTS

Mo Ibrahim: African leaders love western culture and taste

Dr. Mo Ibrahim, a Sudanese-born British business laureate and founder of Mo Ibrahim Foundation, has launched a blistering attack on past and present African leaders, describing them as “lousy and catastrophic leaders who have no policy direction.”“African leaders love western culture and taste. When it comes to expensive wines, cars and other luxurious lifestyles they hurriedly go for it, but when it comes to human rights issues they say it is a western concept,” he ... Full Story

Economy | peacefmonline.com | Monday, 15 March 2010 | COMMENTS

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Why is Nollywood still dominating the Ghana movie scene?
I'm thankful to Anny Osabutey for the invaluable research assistance he gave me, and oh, he als

Accused pleads freedom to watch Ghana play Nigeria at CAN 2010
so patriotic

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nice one