Showing category "Business" (Show all posts)

Eurozone economy shrinks by 0.2%

Posted by isurboi isurboi on Tuesday, August 14, 2012, In : Business 


The economy of the eurozone shrank 0.2% in the three months from April to June compared with the previous quarter.

The figures from Eurostat covering the 17 countries that use the euro followed zero growth in the previous quarter.

Europe's biggest economy, Germany, grew by 0.3% in the second quarter, helped by exports and domestic consumption.

France announced its economy had recorded zero growth in the period, which was better than had been expected.

The Frenc...


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Finance Minister challenges Minority to prove allegations Supplementary Budget does not add up

Posted by isurboi isurboi on Monday, July 23, 2012, In : Business 

Finance Minister, Dr. Kwabena Dufuor has challenged the Minority in Parliament to prove their claim that the 2012 supplementary budget does not add up. 

The Minority insists there is a fundamental discrepancy between the specific sector estimates captured in the budget and the total amount of 2.6 billion cedis requested. 

The finance ministry confirmed last night that it has recalled the document distributed to MPs for correction. 

But Dr. Dufuor maintains the corrections have nothing to do with...

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