Author: citibusinessnews
-
Cocoa ‘ase’ chronicles
19-year-old Josephine Amedro might possibly be the first of S.K Amedro’s seven children to study at the university. She is a fresh graduate from the Asenyaa Senior High School and she is hoping to attend the University of Cape Coast. “I want to become a police officer,” she said with excitement. But, such a feat…
-
Women fight for more job opportunities
More women are making a strong case for employers to provide a level playing ground when employing women. The calls follows the growing level of unemployed women as compared to men. Data from the Ghana Statistical Service shows, about 5.5percent of employable women are unemployed while a lower rate of 4.8 percent of men face…
-
Fuel shortage to worsen
Citi Business News investigations reveal the current fuel shortage in parts of the country may worsen in the coming days. An acute shortage of petrol and diesel hit some parts of the Greater Accra Region and other Regions early this week. A visit to some pump stations in Adabraka and the central business district of…
-
IHS to take control of MTN’s Nigeria towers
MTN has reached an agreement in principle with specialist tower company IHS Holding to operate MTN’s 9 151 mobile network towers in Nigeria. The transaction is expected to reduce MTN Nigeria’s operating costs, drive network efficiencies and further expand MTN’s voice and data capacity, the South African mobile giant said in a statement on Thursday.…
-
BOPP tops all stocks on GSE in August
Benso Oil Palm Plantation (BOPP) has emerged as the best performing stock on the Ghana Stock Exchange (GSE) for the month of August. Citi Business News desk analysis reveals it topped the list after it increased in value by about 24percent. Its share price rose by 70 pesewas to close trading for August at 3…
-
MTN fights simbox fraudsters
MTN Ghana in collaboration with an anti-fraud team made up of the Criminal Investigations Department (CID) of the Ghana Police Service, National Communications Authority (NCA) and other telecom service providers have nabbed two suspects engaged in a SIM Box syndicate operating in Dome –Pillar 2,Accra. This was made known during a press briefing held at…
-
Lukoil discovers oil in Ghana’s Cape Three Points Block
Lukoil Russia’s second-largest oil producer, has made a discovery at Ghana’s offshore Cape Three points project, according to a person with direct knowledge of the development. The company has 90 days to evaluate the find and decide what the next step is, said the person, who asked not to be identified because the information isn’t…
-
Ghana ranked 111th in global competitiveness index
Ghana has been ranked 111th in this year’s Global Competitiveness Index published by the World Economic Forum (WEF). Ghana ranked 114 last year. According to the World Economic Forum, Ghana jumped to 111th this year, largely as a result of slight improvements in its macroeconomic indicators, a reversal of last year’s trend but adds fiscal…
-
Govt urged to focus on cocoa sector in IMF negotiations
An Economic analyst is making a strong case for the Ghanaian team for the IMF negotiation to request for a programme that is geared towards developing the country’s cocoa industry. The team from IMF is expected in the country by end of this week to begin negotiationsfor a bailout programme for Ghana. Economic analyst Dr…
-
Cargo airline threatens to cease operations in Ghana
Citi Business News has learnt that the biggest vegetable cargo airline in Ghana, CargoLuxis is threatening to pull out of the country if the current hold on exportation of vegetables to the European Union continues. The threat follows significant decline in volumes of export following the suspension of vegetable exports by Ghanaian vegetable producers to…