Author: Benjamin Aklama
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Three startups win GHc.45K at SDG Pitch challenge in Ho
The SDG Advisory Unit of the Office of the President in partnership with Ho Node Hub and Ho Technical University organized an SDG Innovation Challenge which included a Pitch Contest organized as part of the Volta Region’s Edition of the SDGs Day Out. Ten Ghanaian startups addressing problems related to any of the 17 Sustainable…
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GIZ, Ho Node gives E-skills training to 50 Women in Adaklu
German development agency, GIZ in partnership with Ho Node hub have trained 50 women in Adaklu Kojobi and Have in basic Electronic Skills required to boost their ability to participate in today’s business environment. The training which lasted for 10 days in all, introduced the women to Basic Record-keeping, using the calculator and an introduction…
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Hubtel introduces SMS & Money to change the way businesses pay and get paid
In the latest version of its product upgrades, Ghana’s leading name in bulk SMS messaging, Hubtel, has released features to enable users to collect payment and send money to as many contacts at the same time via SMS. Head of Product at Hubtel, Patrick Asare-Frimpong, announcing this update, said, “In Ghana, mobile money and bank…
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PassionAir suspends flights to Ho over fuel price hikes, high exchange rates
Local airline operator, PassionAir, has suspended flights to the Volta Regional capital, Ho. According to the airline, although the new Ho route did not enjoy much patronage, the decision to suspend flights to that part of the country is mainly due to the increase in fuel prices. The airline, which started scheduled domestic operations in…
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Gov’t extends deadline for SIM card re-registration to July 31
The Communications Ministry has announced an extension of the deadline for all SIM cards to be reregistered. In a statement on Tuesday, March 22, 2022, the ministry said the fact that many Ghanaians were yet to acquire their Ghana Card, which is the sole identification card for the purpose of the registration made it difficult…
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![Bank of Ghana’s March 2022 Monetary Policy Committee briefing [Full text]](https://citibusinessnews.com/wp-content/uploads/2022/03/Bank-of-Ghana-732x375-1.jpeg)
Bank of Ghana’s March 2022 Monetary Policy Committee briefing [Full text]
The Bank of Ghana (BoG) has increased the Monetary Policy Rate by 250 basis points to 17 percent. This is the first time the Central Bank has increased the key rate since November 2021. In his address to the media on Monday, March 21, 2022, Governor of the Central Bank, Dr. Ernest Addison, noted that all…
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Embattled MD resumes work after NLC’s order to GTP workers
The Managing Director of Textiles Ghana Limited, Fatoumata Doro, has finally resumed work on the orders of the National Labor Commission (NLC) after she was locked out for about a month. The NLC directed workers to grant her unrestricted access to her office until further notice. The workers of the Textiles Ghana Limited, producers of…
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TUC alarmed by rising fuel prices; demands suspension of taxes on petroleum products
The Trades Union Congress (TUC) has expressed worry over the frequent rise in the prices of petroleum products. The Union says the situation is having a huge toll on the general welfare of the populace and the business community. In a statement, the Union maintained that the unstable fuel prices have led to increases in…
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Pumping dollar into Ghana’s economy won’t solve cedi depreciation challenge – Joe Jackson
The Director of Strategy and Business Operations at Dalex Finance, Joe Jackson, has charged government to critically analyse factors that have led to the continuous depreciation of the cedi, and propose the appropriate solution to the causes. According to experts, the cedi is now one of the worst-performing currencies in Africa. According to the Bank…
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Cedi depreciation can’t be solved with public lectures and flawed analysis – Nii Moi Thompson
A former Director General of the National Development Planning Commission (NDPC), Dr. Nii Moi Thompson says the government must take practical steps in addressing the depreciation of the cedi. He said the situation cannot be tackled successfully with “flawed and politicized analysis or through public lectures.” In an article highlighting the cause of the country’s…