Author: citibusinessnews
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Invest In Africa launches online business directory for SME’s
Invest In Africa (IIA) has launched the African Partner Pool (APP), the first cross sector online business directory for Small and Medium Enterprises (SME’s) in Ghana. The African Partner Pool (APP) is to simplify the local sourcing process by connecting Ghanaian SME’s with international and domestic companies. Businesses in areas such as light industry, manufacturing,…
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Most Ghanaians likely to invest or save extra income-Barclays Report
About 62% of Ghanaians are likely to invest or save extra income that come their way. This is contained in the 2014 Barclay’s Africa’s prosper report launched in Accra on Monday 28th October, 2014. Over 7000 people were surveyed in 11 countries across Africa including Ghana, South Africa, Zambia, Botswana, Kenya, Mozambique, Seychelles, Mauritius, Tanzania, Uganda and…
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Standard Bank ranked in 2014 World’s Greenest Bank Report
Standard Bank Group, Africa’s largest bank by assets and earnings, has been ranked 19th in the Bloomberg Markets World’s Greenest Bank Report. Standard Bank is the only African bank ranked in the top twenty, achieving a total overall score of 72.5. The bank also achieved a score of 76.8 for Clean Energy Investments and a…
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Newmont supports Ghana in fight against Ebola
Newmont Ghana has provided a medical support package valued at GH¢220,000.00 to assist with the country’s preparations for any potential outbreak of the Ebola disease in Ghana. The medical support package includes two isolation facilities for the Brong Ahafo and Eastern regions, provision of personal protective equipment, thermal scanners, educational awareness materials and training of…
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Fidelity Bank & USAID sign agreement
Fidelity Bank Ghana Ltd (FBGL) and USAID/GHANA signed a US$3.9m agreement aimed at facilitating lending to Ghana’s health sector. The agreement outlines a model to provide funding for potential borrowing entities under private health facilities, such as hospitals and clinics, accredited by the National Health Insurance Authority (NHIA) or those seeking NHIA accreditation. Before partnering…
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BOPP,ETI & Mega Africa lead gainers on GSE
Benso Oil Palm Plantation (BOPP) emerged the best performing stock on the Ghana Stock Exchange in the 3rd quarter of this year. Share Price for the oil palm company increased by about 41percent from 2 cedi 59 pesewas to 3 cedis 66 pesewas. The Ghana Stock Exchange in the third quarter of the year saw…
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Google joins fight against Ebola
Citi Business News has learnt that Google is putting together a tracking system for Ghana as part of the fight against Ebola. This system we are told will help in tracing people who came into contacts with any individual suspected to have contracted the disease. Government had earlier appealed to US companies through the American…
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KIA flooding being addressed – GACL
The Ghana Airport Company Limited (GACL) has told Citi Business News it will complete re-roofing of the Kotoka International Airport (KIA) by the end of December. Most parts of the airport including the arrival and immigration halls got flooded on Saturday evening after a heavy downpour. The airport has flooded on several occasions this year…
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Ghana’s downgrade will negatively affect gov’t bonds-Mahama
Investment analyst and Head of EDC Stock Brokers Mahama Iddrisu has told Citi Business News the recent downgrade of Ghana by Standard and Poor’s (S&P) will negatively affect government bonds. Mahama Iddrisu speaking to Citi Business news on the impact of the downgrade on the Ghana Stock Exchange said government bonds will be the worst…
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Niche Cocoa is exporter of the year
Niche Cocoa Industry Limited, an indigenous cocoa processor based in Tema has been adjudged the exporter of the Year for 2013. The company picked up the award at the 24th National Awards for Export Achievement. Niche Cocoa is a local processing company that processes cocoa into cocoa liquor, cocoa butter, cocoa cake and also processes…