Author: citibusinessnews
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Minerals Commission predict gold price will end 2016 at $1,300
The Minerals Commission has predicted the price of gold is likely to hit $1,300 an ounce by the end of 2016. According to the Commission the figure will be good for Ghana, which depends largely on the revenue earned from gold export for development. [contextly_sidebar id=”bBsO9n3HKGauoOGEk40V8ZtlDGeZlHj0″]Ghana’s commodity driven economy has been hit hard by the…
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Millison Narh is acting Governor of BoG
The First Deputy Governor of the Bank of Ghana (BoG), Millison Narh has taken over as acting Governor of the Bank following the resignation of Dr. Henry Kofi Wampah. Mr. Narh is…
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Planned chartered flights to boost Kenya’s tourism
President Uhuru Kenyatta’s waiver of landing fees for chartered tourist planes received a major boost yesterday when a European charter company promised to ferry tourists into the country starting July. TUI Poland Charter, whose aircrafts have a 180 passenger capacity, said that it will begin flying directly to Mombasa’s Moi International Airport in July this…
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CAL bank holds AGM (photos)
CAL Bank has assured its shareholders a good financial outturn at the bank’s Annual General Meeting (AGM) held in Accra. Speaking at the meeting, the Managing Director of the bank, Mr. Frank Adu Jnr, stated that in 2015, the bank delivered a strong financial performance in 2015 despite intense competition and challenging operating environment. …
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Kenya’s Equity raises mobile loan limit amid growing transactions
Equity Bank spiced up its mobile phone microloans product Friday as it said its customers will now access higher credit amounts that are payable over a longer period through the Equitel platform. The tier I lender said its new “Eazzy Plus Loan” product will enable customers to borrow up to Sh3 million payable within 12…
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Airtel Business celebrates customers (photos)
Telecom operator Airtel Ghana has announced it will deliver enhanced business solutions and services to its customers in the years ahead. This was disclosed by the Managing Director of Airtel Lucy Quist at the Airtel business maiden customer’s awards. According to Lucy Quist Airtel remains Ghana’s fastest growing telecom company and industry leader in data,…
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MTN Ghana awards App Challenge winners ( photos)
MTN Ghana has awarded winners of its MTN App Challenge 3.0 at the company’s head office in Accra. Over ten groups and individuals were awarded with cash prices ranging from 5,000 cedis to 20,000 cedis. The over all winners, a group called wheelo which developed a game app received 20,000 cedis. the Acting Chief…
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Price of maize goes up, tomatoes drop
Ghanaians should expect to pay more for maize and products made from the commodity since its price in the market has gone up. [contextly_sidebar id=”WBp0EhfCtcppT4A8cWdHbLY1JTzM4MQw”]The price of maize went up by 5 percent in the last week of March and it is now selling at an average price of GHc5.40 per medium size tin. Checks…
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Tough times to bite in April in South Africa as price increases loom
April is going to be a difficult month for consumers who can expect a raft of increases in their monthly expenses. Interest rates, electricity tariffs, and petrol are among the bills that will go up from Friday onwards. The Automobile Association of South Africa said on Wednesday that, including the 30c fuel levy announced in…
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World Bank optimistic about Kenya
Kenya’s economy is expected to expand this year and next, helped by low oil prices, improved agricultural output, supportive monetary policy and ongoing infrastructure investments, the World Bank said on Thursday. However, the bank said growth could be held back by domestic factors related to the country’s next presidential election, scheduled for August 2017. “These…