Author: citibusinessnews
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EU bans vegetables from Ghana
The European Union (EU) has put a temporary ban on export of vegetables from Ghana to their region. The ban was put in place after EU authorities identified some vegetables from Ghana which did not meet their quality standards. This is not the first time Ghanaian farmers and exporters have had to face this setback.…
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Inflation, cedi depreciation to shoot-up 3-year bond coupon
The fast depreciation of the Cedi and the high inflation rate are expected to be the two key factors which will account for investors demanding a higher coupon rate on Tuesday’s bond issue. The Bank of Ghana (BoG) will raise an amount of GHC 400 million in the issue. It will be the fourth 3-year bond…
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Barclays sees profits fall by 7%
Barclays’ six-monthly pre-tax profits have fallen after investment bank revenue fell. The banking giant reported pre-tax profits of £3.35bn, hit by an 18% fall in income at its investment banking business. Profits adjusted for exceptional items fell 7% compared with the first six months of last year. Barclays said in May that it would cut…
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Tigo Ghana appoints new Heads for Marketing and HR
Tigo Ghana on Tuesday, July 29, announced the appointment of Jesse Agyepong and Elizabeth Arhin as Head of Marketing and Head of Human Resources respectively. Jesse assumes responsibility for developing and implementing the annual marketing strategy for Tigo Ghana, leading to an enhanced brand, customer and revenue market share. He joins Tigo Ghana with 11…
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Terpker’s measures to halt cedi fall won’t work – Economist
A renowned economist, Kwamena Essilfie Adjaye says the policy interventions by government to arrest the depreciating cedi as contained in the mid-year budget review will not work. As part of some 9 measures to stop the free fall of the cedi, government expects increased production of crude oil and gas to reduce reliance on imported…
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Investment in agric already yielding impressive results – Mahama
President John Mahama has given indication that government’s recent increased investment in the agric sector has already begun yielding impressive results. The President early on in the year announced plans to invest heavily in Ghanaian products which have the potential for export. He also hinted of plans to ban the importation of a number of…