Author: citibusinessnews
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2nd edition of Development Finance Series on DBG slated for July 6
The second edition of the Development Finance Series on the establishment of the Development Bank Ghana (DBG) will come off on Tuesday, July 6, 2021, at the University of Professional Studies, Accra (UPSA). This follows the highly successful first edition, which focused on the Role of the Development Bank in Ghana’s Economic Transformation. The theme…
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PassionAir operates demonstration flights to Ho with connection to Kumasi.
The management of PassionAir has stated that it has operated a demonstration flight to Ho, the Volta Region capital and connected to Kumasi in the Ashanti Region. The demonstration flight was to ascertain the technical performance of their aircraft operation into Ho airport. It was to also collect the necessary data for their planned operations…
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Official Liquidator to have investor class meeting with customers of defunct FMC’s
The Official Liquidator for the defunct Fund Management Companies (FMC’s) will on Friday, July 2 have an investor class meeting with customers of some defunct FMC’s. A statement issued by the Registrar-General, Jemima Oware, stated that “all the creditors of the under-listed companies are being invited to a Virtual First Creditors meeting on the scheduled…
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Injaro exits M&B, Ghana’s leading maize seed producer
Injaro Agricultural Capital Holdings Limited (IACHL), the impact investment fund managed by Injaro Investments, has announced the sale of its 30% stake in seed producer M&B Seeds and Agricultural Services Ghana Limited (M&B), to the founder and other shareholders. This share sale represents a full exit from M&B after a holding period of ten (10)…
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FBNBank @25; the walk of the African Elephant is majestic
On 11 September 2017, the Bank of Ghana issued a new minimum capital directive as part of its banking sector reforms. The new directive required that universal banks operating in Ghana increase their stated capital to GHS400 million by the end of 2018. We all know what happened afterwards, particularly the fact that nine banks…
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Form strategic alliances to capitalize under AfCFTA – Kobla Nyaletey advises exporters
One of the ways Ghanaian exporters can increase access to funding as they explore existing opportunities within the Africa Continental Free Trade Area (AfCFTA) is for them to form strategic business alliances, Kobla Nyaletey, Director of Markets of Absa Bank Ghana and Nigeria has said. He believes such a move will save businesses in export…
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#CitiBusinessFestival: Partnerships key to boosting ‘Made-in-Ghana’ agenda – Michael Kottoh
The co-founder and managing partner at international consultancy firm – Konfidants, Michael Kottoh says Ghanaian businesses need to develop professional business partnerships to be able to fully gain from the Made-In-Ghana campaign and boost the patronage of their goods and services. According to him, the refusal of businesses merging or joining forces with other industry…
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#CitiBusinessFestival panellists discuss AfCFTA opportunities in 4th virtual forum
Panellists at the 4th edition of the Citi Business Festival virtual forum have offered varied opinions on how Ghanaian businesses, particularly Small and Medium-sized enterprises, can take advantage of the opportunities presented by the African Continental Free Trade Area (AfCFTA). Small and Medium Enterprises in Ghana and other parts of Africa are struggling to expand…
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Businesses must take advantage of AfCFTA to diversify funding sources – Kobla Nyaletey
The Director of Markets at Absa Ghana and Nigeria, Kobla Nyaletey, has advised Ghanaian businesses to take advantage of the African Continental Free Trade Area (AfCFTA) to escape the high-interest rate regime in the country. Speaking on the theme, ‘Preparing and positioning for the AfCFTA opportunity‘ on Citi TV, as part of this year’s virtual…
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Benefits of AfCFTA won’t be automatic; we must work for it – Chamber of Commerce CEO
The Chief Executive Officer of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu Aboagye, has called for enhanced collaboration and a strategic plan from stakeholders in the country to enable Small and Medium-sized Enterprises (SMEs) to take full advantage of the Africa Free Trade Continental Agreement (AfCFTA). According to him, the opportunity…