Author: citibusinessnews
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BoG to issue 1.5 million cedi bond on Thursday
The Bank of Ghana (BoG) will on Thursday 22 October, 2015 issue a 1.5 million cedi 3 year fixed rate bond. [contextly_sidebar id=”1RoWqW6ivzXCuMGy4dUSPtbUqWj78Cr8″]The auction comes a couple of days after government issued a 1 billion dollar Eurobond at a coupon rate of 10.75 percent. The instrument which is Ghana cedi denominated, will be issued at…
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Ghana begins building 3rd FPSO
Ghana has begun building its third Floating Production Storage and Offloading (FPSO) vessel as part of moves to make the country an oil hub in West Africa. [contextly_sidebar id=”t3qyf7Q1Z5MO1gOqzBDRzGfRV4MM7wyn”]This comes after the country completed the OCTIP Sankofa gas project negotiations at a cost of 7 billion dollars endorsed by World Bank and the IFC. The…
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World Bank boss to launch poverty report in Ghana tomorrow
World Bank Group President Jim Yong Kim will visit Ghana on Friday, October 16, to participate in high-level talks with government officials among others. [contextly_sidebar id=”1uwOG2JnlcQlqwNkQwAcvz8t7QMpxIDA”]He will also launch a report on poverty in Africa, highlight Ghana’s progress toward ending extreme poverty, and commemorate End Poverty Day. The president’s visit to Accra will be part…
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Inflation rises to 17.4 percent
Inflation for the month of September 2015 increased to 17.4% compared with the 17.3% recorded in August. [contextly_sidebar id=”kILjImY1F14pZyYrkv2KNeRUImh8p01d”]The monthly change rate for August is minus 0.1% while that of August was minus 0.7%. The food inflation rose to 7.8% compared to the 7.7% recorded for August, where as non food inflation recorded 23.2% which…
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Vodafone to reward over 180,000 loyal customers in new promo
CIMG Telecoms Company of the year, Vodafone Ghana will for the next 70 days reward over 180, 000 customers nationwide with exciting cash prizes and airtime daily, weekly and monthly, in a promo dubbed “Yee Twi Kɔ.” [contextly_sidebar id=”J4OHd9NEcOtpdbqJDBC2WJhFQu3cus6j”]The “Yee Twi Kɔ” promo, which seeks to award GHS100,000 to the ultimate winner, is Vodafone’s way…
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Starwin resumes operations
Local pharmaceutical company Starwin Products Limited has resumed operations after it halted it some months back. [contextly_sidebar id=”o1INu4P0LnSvZrfGVNgxlo7LcBfbCqcq”]New owners of Starwin which is Dannex opened the premises of the company after the National Labour Commission (NLC) held a series of meetings with Staff Union and management of the two companies. The NLC in July,2015 directed…