Author: citibusinessnews
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COCOBOD to rehabilitate aging farms
COCOBOD has disclosed to Citi Business News that it is investing $40.625million in replanting and rehabilitation of aging cocoa farms for the 2014/2015 cocoa season. There have been reports that Ghana’s cocoa industry is threatened by the increasing number of aging farmers as well as cocoa trees whose yields are expected to significantly reduce in…
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British Airways passengers to sue airline and GACL
Some passengers of British Airways have threatened legal action against the airline and the Ghana Airport Company Limited over delays in handing over their bags for hours over the weekend. The passengers went up in arms against the airline and the Ghana Airport Company on Saturday evening after access to their bags were delayed for…
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This is the best time to invest in Africa-Obasanjo
Former president of Nigeria Olusegun Obasanjo has urged investors to take advantage of investment opportunities in Africa now or regret later. According to him ”those who do not go into the terrain now will be missing an opportunity because they will not have this opportunity again” The former Nigerian President was speaking at the ongoing…
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Mahama promises efficient power by 2020
Ghana is likely to become one of the most efficient power producers in Africa by 2020. This is according to President John Mahama. Speaking at the ongoing Global African Investment Summit in London,UK, Prez Mahama said he is optimistic Ghana will have the most efficient power sector in Africa after the Millennium Challenge Compact (MCC)11…
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Ecobank launches premier banking in Ghana
Ecobank Ghana has unveiled its dedicated Premier Banking service, which is targeted at the bank’s high net worth customers. The stylish launch event was held yesterday October 17 at the Labadi Beach Hotel, Accra. It was attended by senior executives of Ecobank and dignitaries including, the Deputy Minister of Finance, Mona Helen K. Quartey, and…
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Samsung Galaxy Note 4 launched in South Africa
Samsung’s flagship tablet Galaxy Note 4 has officially been launched in South Africa. The launch saw hundreds from across the globe throng to the Execute Hanger in Capetown, to witness the unveiling of the much-talked-about device that has been touted as the game changer in the world of smart hand-held devices. The event brought together…
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Committee reveals cause of helicopter crash
An oil spill on the engine of the helicopter that crushed early this year in Takoradi in the Western Region, might have been the cause of the crash, that led to the death of three workers of Luk Oil. This is according to the five-member investigative committee set up by the transport ministry. The committee…
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Tough times ahead, economist warns
A senior lecturer at the Department of Economics at the University of Ghana is predicting tough times ahead if the European Union (EU) does not resume disbursement of its donor budget support to the country. The EU has put a freeze on its budget support to Ghana for sometime time. In 2013, Ghana received close…
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Producers must control cement prices -CPA
The Consumer Protection Agency (CPA) wants producers of cement to go beyond announcing the reduction of cement prices and ensure retailers roll out the new rates. This comes after GHACEM Cement and Dangote Cement Ghana limited reduced the price of their products attributing it to the cedi’s stability against the dollar and other foreign trading…