Author: citibusinessnews
-
GSE monthly performance; Aluworks tops all in October
Aluminum Company Aluworks emerged the best performing stock on the Ghana Stock Exchange (GSE) in the month of October. Aluworks led gainers after increasing by about 33percent. The month of October saw 12 companies record gains while 6 others recorded declines in share price. Of the 12 gainers, 7 were financial stocks while 4 are…
-
Barclays bank to invest in agric sector
Barclays Bank Ghana says the bank will soon launch new products to help farmers, as part of moves to invest in the agric sector. Financing agriculture in Ghana continuous to be a tricky venture for the banking industry, due to its high risk. Speaking to Citi Business News Head of Corporate Affairs at Barclays Bank…
-
No more lies: WhatsApp now tells when you read messages
The popular messaging application (app), WhatsApp has added a new feature, and users will now find a small but useful change. WatsApp will now light up its double-check marks blue when a message has been read. Many users have misinterpreted the double check marks next to messages to indicate that a message has been looked at, as…
-
Rice dealers kick against rice ban
Small Scale Rice Dealers Association of Ghana (SSRIDA) have told Citi Business News moves to totally ban the importation of rice will create a huge shortfall of the grain. Government over the years has been pushing for a total ban on rice imports as part of moves to boost local production and also ease pressure on…
-
GCCI lauds moves to set up Ghana-Togo joint border post
The Ghana Chamber of Commerce and Industry (GCCI) have welcomed moves to set up a joint Ghana Togo border post. The move is part of an initiative by ECOWAS to reduce the frustrations at the borders and facilitate trade between member states. President John Mahama and his Togolese counterpart Faure Gnassigbe have inaugurated a joint…
-
Microsoft increases investment in Ghana
Microsoft in partnership with Surfline Communications, a Ghana based telecommunications network provider, recently opened the country’s first Windows Zone at Surfline’s flagship store based in Osu, Accra. This one-of-a-kind outlet provides consumers with the opportunity to experience and interact with a full suite of Microsoft products and services in a single store and gain insights…
-
US tilapia boss unable to make bail
Citi Business News has gathered that the CEO OF US Tilapia, Godfred Medicine is still in police custody after he was arrested last Thursday. Godfred Medicine was granted bail by a Kumasi High Court yesterday but has not been able to meet the sureties. The police picked him up last week in Accra after a…
-
Burkina Faso crisis; Agric ministry downplays food shortage fears
The Agric Ministry has downplayed fears that the ongoing crisis in Burkina Faso may lead to a food shortage in Ghana. According to the Deputy Minister of Food and Agriculture in charge of Crops Dr. Ahmed Yakubu Alhassan ‘I don’t think Ghana will suffer because of the crisis. Tomatoes, yes, we import from them, but…
-
GCAA revokes Starbow’s flight ban
The Ghana Civil Aviation Authority (GCAA) has given Starbow the go ahead to begin flying again. The local airline was grounded last week after a near fatal incident resulting from a hydraulic failure.. Two persons suffered injuries following the incident. The authority had earlier denied reports that Starbow had been allowed to resume flight operations…
-
Edgars begins operations in Ghana
South Africa’s clothing retailer Edgars has begun operations in Ghana. Edgars first outlet is located in the West Hills Mall. The mall opened for operations last week. Edgars parent company Edcon, early this year announced it will open stores in Ghana and Nigeria this year. Its CEO Jürgen Schreiber said ‘This (Africa) remains an exciting…