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Health Alert: Rwanda urges Ghana to ban food import from South Africa


The Republic of Rwanda is warning Ghana to ban the importation of some food products from South Africa to avert an outbreak of the Listeriosis disease. Rwanda has already placed a ban on the said food products from South Africa to avoid a spread of the disease. The Listeriosis disease, according to a document sighted by Citi Business News can ...

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We didn’t lie about ‘reducing’ electricity tariffs – Agyarko

Boakye Agyarko - Energy Minister

The Energy Ministry has described as false, claims by the Minority Spokesperson on Energy, Adams Mutawakilu, that it has not made any proposal to the Public Utilities Regulatory Commission (PURC) to reduce electricity tariffs, as captured in the 2018 budget. These proposals were meant to seek a revision of the tariff setting methodology and cost structure for power production. Responding to the ...

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Gov’t misses end of year inflation target

Baah Wadieh is Acting Government Statistician

Government has missed its inflation target for the year 2017. The figure which was projected at 11.2 percent ended at 11.8 percent for the year 2017. This, however represents a 0.1 percent increase compared to the 11.7 percent recorded in November last year. Inflation measures the average change over time in the prices of goods and services. Acting Government Statistician ...

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DKM customers to demonstrate over gov’t neglect

dkm customers

Some validated customers of DKM Microfinance who have not yet received their locked up investments have threatened to embark on a demonstration to express their grievances. The validated customers say they have been neglected by government after they were promised by the New Patriotic Party (NPP) prior to the 2016 elections to help them retrieve their locked up money if ...

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Interest in mortgage surging –GHL

Chief Operating Officer(COO) of GHL Bank, Kojo Addo-Kufuor

GHL Bank, has debunked the notion that the exchange rate regime negatively affected the interest for mortgages in 2017. Most mortgage companies in Ghana price their houses in dollars due to loans acquired in that currency to finance the houses, and the relative stability of the dollar. Speaking to Citi Business News, the Chief Operating Officer(COO) of GHL Bank, Kojo ...

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NLC to get new Commission by February 2018


Labour unions seeking redress at the National Labour Commission (NLC) may have to wait for at least the end of January 2018 to get their issues duly addressed. This is the indication from the NLC as it hopes that its new Commission would have been formed by then. Citi Business News has been speaking to some analysts who believe a ...

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5G network will not start in Ghana anytime soon—Analyst


Telecom Analyst, Fouad Chalabi has ruled out any possibility of Ghana signing onto a 5G license anytime soon. 5G (5th Generation) is the proposed next telecommunications standards that will provide better speeds and coverage than the current 4G. According to Chalabi, Ghana is yet to realize the full benefits of the 4G network, hence the need to address associated with ...

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Economist predicts marginal increase for December inflation

Dr. Eric Osei-Assibey

Economist, Dr. Eric Osei-Assibey is predicting a marginal increase in the inflation figure for December, 2017. According to him, the high demand for some goods and services in December could push inflation up. The Ghana Statistical Service will be announcing the inflation figure for December, later this morning. Figures from the service indicate that inflation has been on the decline ...

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2018 Crystal Ball Africa champions continental free trade

David Ofosu Dorte - ‎Executive Chairman - ‎AB & David Law

At least twenty top business leaders are expected to provide strategies for businesses for 2018 and beyond at this year’s edition of the Crystal Ball Africa. The leaders include; Mr. Tony Oteng Gyasi – CEO of Tropical Cables (Ghana), Howard Barrie (Project Finance Expert, UK; David Ofosu-Dorte – Pan-Africa Business Lawyer (Ghana), Richard Mbaiwa (CEO, Zimbabwe Investment Authority); Olumide Akpata ...

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Trump administration not cutting investment to Ghana–OPIC

the Executive Vice President of OPIC, David Bohigian

The US state agency —the Oversees Private Investment Corporation (OPIC), has dispelled rumours that American investments in Ghana will be cut due to the foreign policies of the Trump administration. OPIC, which has increased its investment in Africa from one billion dollars to seven billion over 15 years, has also advanced loans to many Ghanaian businesses, including Ghana Home Loans ...

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