Author: citibusinessnews
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Businesses can survive economic hardships with right strategies – Mansharamani
Dr. Vikram Mansharamani, a global equity investor has said although the economic challenges that Ghanaian businesses are currently facing may be daunting, with the right strategy, companies can turn things around. “If business leaders will equip themselves with the relevant tools and constantly update their strategies to meet the needs of ever-demanding trends, their organizations…
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We can process jubilee crude –TOR workers
The junior staff union of Tema Oil Refinery (TOR) has dismissed suggestions that the refinery cannot process oil from Ghana’s jubilee field in its current state. According to some petroleum consultants, TOR will need an estimated 200 million dollars for retooling before it can refine the jubilee” high grade” crude. Workers of the refinery recently…
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Tigo completes Mobile Broadband coverage in 160 district capitals
Telecommunications company, Tigo, has announced that it has completed deploying Mobile Broadband coverage to over 160 districts across the country. This forms part of several investments to improve on network quality and boost customer experience among Tigo subscribers. The multi-million dollar project, which begun towards the end of 2013, includes several district capitals in all…
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Ensure banks implement revised forex rules – AGI
The Association of Ghana Industries (AGI) is calling on the Bank of Ghana (BOG) to ensure that commercial banks in the country fully implement the latest revised forex rules. The Bank of Ghana in February introduced new and revised forex rules to save the cedi from further depreciation. In June it amended the rules it…
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Auction of GRCL bungalows to defray debt put on hold
The Transport ministry has directed that, the auctioning of bungalows belonging to the Ghana Railway Company Limited (GRCL) by Social Security and National Insurance Trust (SSNIT) for their nonpayment of workers contributions be put on hold. This directive comes after SSNIT secured a court order, to auction three bungalows belonging to the Ghana Railway Company…
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Insurance penetration low
Insurance penetration in Ghana has gone down marginally for the first time in about a decade amidst the challenges in the economy, B&FT has gathered from its recent survey of the industry. While the total premiums earned by the entire industry (life and general) increased by 23 percent from 2012-2013, rising from GH¢0.84billion to GH¢1.04billion,…