Author: citibusinessnews
-
Nigeria positions to improve trade ties with Ghana
The Lagos Chamber of Commerce and Industry (LCCI), Nigeria has positioned itself to advance trade ties with its neighbour, Ghana, to enhance cross-border relations and tap into the potential market of 350 million people in the West African region. ‘’Integration is in fact the main vehicle for boosting trade,’’ said Remi Bello, president, LCCI, during…
-
Ghana’s business confidence drops to record low – AGI
Business confidence in Ghana has declined to the lowest in the last five years. This is according to the Business barometer report released by the Association of Ghana Industries (AGI) for the second quarter of 2014. The business barometer report measures the level of confidence in the business environment and predicts short-term business trend. The…
-
Ghana to get new US$600M oil refinery
The ongoing Takoradi Port Expansion Project has already started attracting investments into the Port’s Oil & Gas enclave as the Ghana Ports & Harbors Authority(GPHA) works to position the Takoradi Port as a major maritime services support hub along the west coast of Africa. COX OIL, a Texas based oil and gas company has announced…
-
SIC Insurance bounces back to making profit
Foremost insurer, SIC Insurance Company Limited has bounced back to making profit. The company posted a profit before tax of GHc 12,832,687 in 2013, a feat described by the Chairperson of the company, Mrs. Felicity Acquah as a positive indicator for shareholders. “However, as a result of the huge debt write-off of GHc 7,976,682 and…
-
Euro bond, IMF bailout good for Ghana – Financial Analyst
A financial analyst has endorsed Ghana’s move to seek a bailout from the International Monetary Fund (IMF), alongside the issuing of the Euro bond. He stated that since the IMF bailout may take while, the Euro Bond will help shore up the economy. The $1 billion Euro bond, which is to be used to fund…