Author: citibusinessnews
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Estate developers send final SOS to BoG
Real estate developers are giving the Bank of Ghana (BoG) two options from which it has to choose one to help players in the industry to know the way forward in pricing the houses they put out for sale. To them, the central bank is either to stabilise the falling cedi with immediate effect or…
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Young Ghanaian entrepreneurs to benefit from US
Scores of young Ghanaian entrepreneurs are to benefit from a number of initiatives to be introduced by the United States of America. Under these initiatives grants will be offered to support start-ups and expansion of businesses and social ventures in six countries in 2015 including Ghana, the Democratic Republic of the Congo, South Africa, Zimbabwe,…
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BOG intensifies regulation of Microfinance institutions
The Bank of Ghana (BoG) is embarking on a massive clean-up exercise in the banking industry aimed at preventing micro finance institutions from bolting with funds of depositors. It has introduced new measures to safeguard deposits at these institutions. For some months now, the banking industry has seen an increase in the number of microfinance…
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Ghana’s capital market needs to penetrate regional markets – Mona Quartey
The Deputy Minister of Finance and Economic Planning, Madam Moona Quartey has called for the integration of Ghana’s capital market into regional markets such as Nigeria as well as in Francophone markets. She said the development of such interrelated markets would not only contribute to regional financial stability but also strengthen related companies in the…
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AAG swears-in new officers
The Advertising Association of Ghana (AAG) last Saturday inducted a 16-member Executive Council into office with a two-year mandate. The new council is headed by the Chief Executive of Innova DDB Ghana, Joel Edmund Nettey as its president, Mansah Anowa, Vice-President and Martin Osei, Treasurer. Ten other individuals and companies elected as members into the Executive…
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Support local industries to be competitive — Oteng Gyasi
A former President of the Association of Ghana Industries, Tony Oteng-Gyasi, has called on the government to implement policies that will help local industries to grow and compete favourably with their foreign counterparts. He said in countries such as South Africa, Brazil and China, the government supported local industries in many ways, including their exports,…
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Meet the world’s best cocoa farmer
Some say farming doesn’t pay well and that it’s just a waste of a person’s life. Others say it’s a job for the illiterate but I beg to differ because I have been in farming throughout my life and trust me when I say that farming pays very well”. Opanyin Abraham Kwaku Adusei, the man…
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First Atlantic bank launches ultra modern branch at airport
First Atlantic Bank has launched an ultramodern branch at the Airport Residential area as part of its expansion drive. In her welcome address, the Board Chairperson of the bank, Mrs. Karen Akiwumi Tanoh stated that the bank has re-invented itself in keeping with the increasing demands of its esteemed customers. According to Mrs. Tanoh, the…