Author: citibusinessnews
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Govt ends fourth Eurobond road show
Top government officials led by Finance Minister Seth Tekper have ended talks with potential investors seeking to get them to patronize the country’s next Eurobond when issued. [contextly_sidebar id=”C8OGLbr8VCdinmWK7qUTVgM1YfiyhImK”]The meeting which begun on September 22 and ended on September 30, 2015 saw the Minister of Finance Seth Tekper as well as the Governor of the…
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Compulsory arbitration between Modec and sacked Ghanaian workers breaks down
Citi Business News has learnt the compulsory arbitration between Modec and the sacked Ghanaian workers of FPSO Kwame Nkrumah has broken down. [contextly_sidebar id=”uIkWyzKyzOB9nQqZV0zsph3S3NM8CTFo”]The two were directed to go into compulsory arbitration by the National Labour Commission (NLC) in July this year. This was after talks between the workers and Modec over the dismissal broke…
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Ghana’s 2nd FPSO christened Prof John Evans Atta Mills
The second Floating Production Storage and Offloading vessel (FPSO) has been christened Prof. John Evans Atta Mills. [contextly_sidebar id=”tz5cLQ9QwAtmG80aajqCAYujuHFLhIKE”]The christening was done in Singapore by the first lady Lordina Mahama. The FPSO Prof. John Evans Atta Mills which was built in Singapore has an oil storage capacity of 1.7 million barrels and a gas capacity…
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BoG must step up monitoring of RCBs-Former Governor
A former deputy Governor of the Bank of Ghana (BoG), Emmanuel Aseidu Mante has asked the Bank of Ghana to step up the monitoring of Rural and Community Banks (RCB)s in the country. [contextly_sidebar id=”DU4AaAl39OVFqSd4tQtrQW8fgbaZSVmb”]According to the former deputy governor most of such banks are on the verge of collapse at the blind side of…
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Ghana trade deficit hits $506 million
Ghana recorded a trade deficit of 506.4 million dollars for the first 8 months of 2015. [contextly_sidebar id=”iqbaAIs5zHurfBLiSHmHHOWYJxzTe6dw”]This is according to the Bank of Ghana Summary of Economic and Financial Data for September 2015. According to the figures Ghana was still a net importer of oil with imports exceeding exports by 40.6 million dollars. Total…
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Ghana’s creative sector to save cedi
In its fifth year, the highly successful Chale Wote Street Art Festival in Accra highlights the potential of the creative sector as a major source of foreign exchange earnings. Moviegoers in Africa are in for a treat this season. [contextly_sidebar id=”IsCxGo5ebj54z4fH43DcZDAJMO0o4pS8″]An Africa City captures the joys and frustrations of five “single and fabulous” women of the…