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BoG announces changes to govt securities

Dr. Abdul Nashir Issahaku

The Bank of Ghana (BoG) has announced changes in the issue and trading of Government of Ghana (GOG) securities. According to the central bank, only financial institutions licensed by the Securities and Exchange Commission and appointed by BoG as Primary Dealers (PDs) would participate at the wholesale primary auction to purchase GOG securities for their own account and for trading ...

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Importers slam GSA over role in weighing of containers at the ports


The growing brawl between the Ghana Standards Authority (GSA) and the Importers and Exporters Association of Ghana seem not to end soon. This is because the Importers and Exporters Association of Ghana has fired back at the GSA for justifying government’s decision to allow them handle the implementation of weighing of containers at the ports. The exporters insist it is ...

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GSE performance to rebound soon – Investment brokers


Investment brokers have predicted a rebound in trading on the domestic bourse at least by the end of the year. It follows concerns over a sluggish performance of some stocks on the Ghana Stock Exchange for some time now. “If you look at all the fundamentals you would realize that most of the shares are trading at a very good ...

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Ghana’s inflation to decline soon with IMF program – US Ambassador

inflation 2

The US Ambassador to Ghana, Robert Jackson, has told Citi Business News of a decline in inflation soon, as Ghana sticks with the IMF program. In the Ambassador’s view, the Ghanaian economy has witnessed relative stability compared to the turbulence that characterized it for a greater part of last year. “Since I have been here, I think dumsor has largely ...

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Karpower engages stakeholders over the company’s operations


Karpowership Ghana Limited has held a stakeholder engagement with the Tema Manhean Fishmongers and Smokers Association to get them acquainted with Karpower’s operations. The engagements according the independent power producer, was in line with Karpower’s principle of having transparent and sustainable relations with its stakeholders. Speaking at the engagement the Communications Specialist at Karpowership Ghana Limited Sandra Amarquaye the company ...

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Make irrigation policy private-public partnership-Dr. Abu Sakara

Dr. Abu Sakara Foster

An agronomist, Dr. Abu Sakara Foster has called for private-public partnership in Ghana’s national irrigation policy to help increase productivity in the agriculture sector. Currently, there are twenty two irrigation projects all over the country constructed by the Ghana Irrigation Authority, covering over 6,000 hectares. In addition to this, there are 22 schemes constructed under the Small Scale Irrigation Development ...

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10th Chartered Institute of Marketing (CIM) graduation held (Photos)


The Chartered Institute of Marketing (CIM) UK, Ghana Branch has held its 10th Graduation Ceremony at the British Council on the theme “Bridging the gap Between Theory and Practice: The Role of Professional Education”. Speaking to Citi Business News, at the ceremony the Chair of CIM-UK, Ghana Branch, Dr. George Eric Gyamfi – Osew said there is the need for professional ...

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BOG’s surrender and repatriation of export receipts to stabilise Cedi

A woman holds 03 July 2007 in Accra a wa

The General Manager of NDK Capital Limited, Mr. Hammond Mensah is optimistic the cedi will experience  some level of stability in the short to medium term as the Bank of Ghana prepares to implement the amendments to the requirements for surrender and repatriation of export receipts by exporters. Speaking to Citi Business News on the impact of the new directive ...

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GRA chides exporters over improper documentation


A Chief Revenue Officer in charge of drawback at Ghana Revenue Authority (GRA) Sheila Vigbedor has blamed the delays in the refund of duty drawback to exporters and manufacturers on improper documentation. According to her, the exporters and manufacturers are solely to blame. Citing the unwillingness to go through proper documentation and the use of unapproved routes as a major ...

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China to increase exports from Ghana


China is seeking to increase its import of goods from Ghana to strengthen bilateral trade between the two nations. Already, trade volumes between Ghana and China hit 6.5 billion US dollars in 2015 as the figure is expected to grow this year. Speaking to Citi Business News, the Chinese Ambassador to Ghana, Madam Sun Boahong disclosed that China is collaborating ...

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