Author: citibusinessnews
-
IES MarketScan: A year on, why hasn’t ENI and Springfield unitized as directed
In April 2020, the then Energy Minister John Peter Amewu wrote to the subsidiary of the Italian oil major Eni Ghana Exploration and Production Limited (ENI), and Springfield Exploration and Production Limited (Springfield) a subsidiary of Springfield Group, directing them to execute a Unitization and Unit Operating Agreement (UUOA). The purpose of executing the UUOA…
-
EBID grants 50-million-dollar facility to CBG to finance road projects
The ECOWAS Bank for Investment and Development (EBID), has granted a 50 million USD facility to the Consolidated Bank Ghana Limited (CBG) to support Ghana’s road infrastructure development. The President and Chairman of the Board of Directors of EBID, Dr. George Agyekum Donkor, and the Managing Director of CBG, Mr. Daniel Wilson Addo, signed the…
-
Current ‘dumsor’ not caused by financial challenges – NAPO insists
The Minister of Energy, Dr. Matthew Opoku Prempeh, has rejected claims that the recent power outages popularly referred to as ‘dumsor’ are a result of financial difficulties. The Minister insists that such claims are borne out of wishful thinking by critics of the Akufo-Addo administration. Dr. Opoku Prempeh said this at the Minister’s press briefing…
-
USDA–GPP, ADB & more stakeholders partner Agrihouse for 3rd LiPF tradeshow
Agrihouse Foundation, in partnership with the United State Department of Agriculture (USDA) – Ghana Poultry Project (GPP), is set to host the third edition of the Livestock, Poultry and Fisheries Tradeshow (LiPF), in Accra, at the Afua Sutherland Children’s park, from Friday, 21 May to Saturday, 22 May. The two-day training and exhibition tradeshow, which…
-
BudgIT Ghana urges government to address economic hardships
Civil Society Organization, BudgIT Ghana, has noted with great concern the “FixtheCountry” campaign by some Ghanaian youth dissatisfied with the country’s state of affairs. While acknowledging the economic hardships induced by the Covid-19 pandemic, we urge government to take immediate steps to address some of the key concerns which predate the health crisis. Efforts should…
-
Akufo-Addo is special guest of honour at 5th Ghana CEO Summit
President of the Republic Nana Addo Dankwa Akufo-Addo will be the special guest of honor at the 5th Ghana CEO Summit. The event, which is the foremost business conference for CEOs, business leaders, entrepreneurs, investors and policy makers, is to be held on 17th and 18th May, 2021 at Kempinski Hotel Gold Coast City in…
-
Allianz completes acquisition of East Africa’s Jubilee Insurance
Allianz has completed an acquisition of 66 percent stake in Jubilee Holdings Limited (JHL), East Africa’s largest insurance group. The announcement means that JHL retains a 46 percent shareholding in the company. The acquisition follows the execution of an agreement signed on September 29, 2020, in which Allianz agreed to acquire about 1,522,622 ordinary shares…
-
Can fortified foods hold the key to whole family immunity & nutrition amidst COVID-19
When was the last time you stopped at your favorite supermarket or corner store to carefully read the contents and ingredients of the food you buy? Be it rice, milk, wheat, yoghurt or even that occasional ice cream treat? One way to lead a healthy lifestyle is to eat food that provides optimum nutrition and…
-
Salaries of almost 800,000 workers were slashed due to COVID-19 – TUC
Almost 800,000 workers in the formal and informal sectors had their salaries slashed, following the outbreak of COVID 19. The Secretary-General of the Trades Union Congress (TUC), Dr. Anthony Yaw Baah, who made this known, said the pandemic has also affected businesses. “In terms of the direct impact of COVID-19 on incomes, 46.1 percent of…
-
TUC appeals to government for pay rise at Workers’ Day celebration
The Trade Union Congress (TUC) is asking the government to stop using COVID-19 as an excuse and review the salaries of workers upwards to help them deal with the recent economic hardships in the country. Organized labour says recent fuel increments, coupled with the skyrocketing prices of goods and services, are taking a toll on…