Author: citibusinessnews
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SIC vows to use legal means to stop Ivory Finance from selling assets
The Acting Managing Director of SIC Insurance Company Limited, Kwei Mensah Ashidam, in an exclusive interview with Citi Business news says the state insurer will pursue the case with Ivory Finance in court to its logical conclusion. [contextly_sidebar id=”aei9eFHvRYecJPL7dtwVjR3L5u7yevu8″]An Accra High Court (Commercial Division) on Thursday will rule on the case filed by SIC to…
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Cedi will continue to gain value in coming weeks- currency analyst
Currency analysts are projecting that the cedi will gain more value in the third and fourth quarter of this year as government awaits more dollars to inject into the economy. [contextly_sidebar id=”SffhpNWYIjKWV762nnzKzLNBcfJENYYR”]According to currency analyst, Sammy Ampah the coming in of the second tranche of the IMF balance of payment support, as well as inflows…
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Access bank attracts €15 million investment from European Investment Bank
Access Bank Ghana has recently secured a EUR 15 million facility from the European Investment Bank (EIB) to support businesses across Ghana on a new lending programme after completing a thorough diligent process. [contextly_sidebar id=”S63HN6aEtVSoNuwpS0VCnmYavK6YD0fO”]The secured facility, which is the first engagement between Access Bank and the European Union’s long-term lending institution, falls under a…
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BoG commences MPC meetings
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) today July 13, 2015 commenced its meetings to review developments in the economy. [contextly_sidebar id=”oxgIk8tQsRFIf0cbDx8lVJbU96MlSAP0″]The meetings will end this Wednesday July 15, 2015 with a press conference which will be addressed by the Governor of the Bank Of Ghana Dr Henry Kofi Wampah to…
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adb puts on hold IPO following court injunction
Citi Business News checks has revealed that the agricultural development bank (adb) has stopped its Initial Public Offer (IPO) following a court ruling directing the bank to put the IPO on hold. [contextly_sidebar id=”ZUbRlhl7fdqqP5gWnjiKv9oelBcf9sZX”]The Industry of Commerce and Finance Workers (UNICOF ) last Friday secured an interim injunction order from an Accra High Court against…
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Tigo reinforces security at cell sites due to battery theft
Tigo says it is determined to invest to ensure a reliable and stable network for its customers despite rampant cable cuts and increasing battery theft. According to Tigo’s Chief Technical and Information Officer, Ron Reddick, battery theft is fast becoming a challenge to its operations as the company had a total of 900 batteries stolen…
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Restoration of gas from Jubilee field to take longer than expected
Ghanaians may have to endure the ongoing load shedding exercise a little while as the Tullow Oil plc, the operator of the Jubilee field is uncertain when they will restore gas to the Ghana National Ghana Company. According to Ghana Gas, though the operators of the Jubilee field, which is Tullow is currently working hard…