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Health Ministry intensifies surveillance over Listeria alert

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The Food and Drugs Authority (FDA) has disclosed that it has increased surveillance on food imports from South Africa. A statement from the Ministry of Health on the situation also stated that the move is to prevent the possible spread of the disease in Ghana. Documents cited by Citi Business News reveal that the Republic of Rwanda and Botswana had banned the ...

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Mineworkers ‘halt’ layoffs at Goldfields

demo goldfields

Goldfields Ghana Limited may have to put on hold its planned layoffs at the Tarkwa mine until the court decides on a case brought before it by the Ghana Mine Workers’ Union. The labour division of the Accra High Court is expected to hear the case next month (February 15th, 2018). Citi Business News understands that this is also to ...

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Guinness Osagyefo Campaign earns Vizeum Ghana two Leaders Awards

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The Guinness Osagyefo Campaign has earned Vizeum Ghana, together with the Dentsu Aegis Network Sub Saharan Africa Hub team and Guinness Ghana, with two Leader Awards. An African media first, the teams were awarded the Leader Awards in the Mobile Marketing and Social Media categories at the Assegai Integrated Marketing Awards that took place in Johannesburg, South Africa. Why the ...

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ExxonMobil must abide by local content laws – Analyst

ExxonMobil-Nigeria-headquarters

Oil industry analysts want authorities to enforce Ghana’s local content policies as new entrants join Ghana’s oil exploration industry. The comments also follow the commencement of operations of ExxonMobil in Ghana. The company is expected to sign an agreement with the government on Thursday, January 18, 2018, on the development. Citi Business News has been speaking to some industry players ...

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NIC dismisses reports of barring two insurance companies

Justice Ofori

The National Insurance Commission(NIC) has disputed claims that it has barred or closed two insurance companies in the country. According to the Chief Executive Officer of the commission, Justice Ofori, the two insurance companies are currently operating, but have been stopped from writing new businesses, as well as advertising. This follows reports in the media that the commission had barred ...

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BoG may not reduce policy rate in first MPC meeting—Economist

Dr. Eric Osei-Assibey

Economists, Dr. Eric Osei-Asibey has ruled out the possibility of a change in the policy rate to be announced by the Bank of Ghana. This, he says is as a result of government missing its end of year inflation target of 11.2 percent. Government recorded an 11.8 percent inflation rate at the end of 2017. Currently, the policy rate, which is ...

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GAWU calls for restriction on food imports from S.Africa                                   

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The General Agricultural Workers Union (GAWU) has called for the immediate ban on the importation of food products from South Africa. According to GAWU, a further delay by government could put Ghanaians at a high risk. “That is what we should do immediately because until we are satisfied that products coming from South Africa are wholesome to be consumed, then ...

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Gov’t to raise GH¢11bn in first quarter of 2018

Ken Ofori-Atta - Finance Minister

Government is seeking to raise GHȼ11,133.91 million in the first quarter of 2018 through debt securities. Of the amount GH¢8,961.30 million will be used to rollover maturities. The remaining GH¢2,164.61 million will be used to meet Government’s financing requirements for the period. A statement issued by the Debt Management Office of the Ministry of Finance stated that about 5 billion ...

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ExxonMobil to commence operations in Ghana

ExxonMobil-Nigeria-headquarters

American multinational oil and gas company ExxonMobil Corporation is to begin full operations in Ghana this year – 2018. It follows successful negotiations with Ghana to carry out exploratory works at the deep water cape three points. Citi Business News has gathered Government will next week Thursday 18th January, 2018, sign an agreement with the oil giant to finalize the ...

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Crystal Ball Africa to boost Intra-Africa trade by 2020

Carlos Ahenkora - Deputy Trade and Industry Minister

African businesses are projecting that trade among them across the continent should improve significantly at least within the next two years with the coming into force of the Continental Free Trade Agreement (CFTA). The Trade Agreement, seeks to allow businesses, easy access to African countries to support their growth and expansion. Currently, trade among African countries is estimated at 11 ...

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Ghana Business News