Author: citibusinessnews
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Finance minister presents midyear budget review today
The Finance Minister, Seth Terkper, will today present to Parliament a mid-year review of the budget statement and economic policy of government for consideration and adoption. The mid-year review is expected to review targets set out by the ministry in the 2014 budget statement and propose new policies on how the ministry intends to meet…
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Gov’t targets $5 billion export revenue by 2017
The Minister for Trade and Industry, Mr Haruna Idrissu, says there is the need to diversify Ghana’s export in order to improve the country’s trade deficit, which he says, currently stands at $20 billion. Mr Idrissu said even though Ghana’s export is encouraging, it only holds promise into the future. He said this Tuesday when…
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Export dev’t bank unnecessary- Hannah Tetteh
The Minister of Foreign Affairs, Hannah Tetteh has shot down calls for the establishment of an Export Development Bank. The bank was to be established to provide finance for industries focused on producing for exports. Citi Business News gathers plans to establish this bank has been on the table for some time. Hannah Tetteh said this at the Graphic…
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Barclays named Best Bank in Ghana
Barclays has been named ‘Best Bank in Ghana’ by the prestigious global news publication Euromoney. Barclays has also been named “Best Investment Bank in Africa” and “Best M&A House in Africa”. The Euromoney Awards for Excellence are given each year to honour those institutions that have brought the highest levels of service, innovation and expertise…
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PWC to become transaction advisors for national airline
The World Bank is expected to give a no objection to the selection of Price-Water-House-Coopers (PWC) as transaction advisors to government on the establishment of a new national airline. This is according to the minister of transport Dzifa Attivor, who said PWC was the only company that showed interest and submitted a bid. The national…
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GCCI to meet govt over cedi’s woes
As part of efforts to stem the continuous depreciation of the cedi against the dollar and other major foreign currencies, the Ghana Chamber of Commerce and Industry (GCCI) is convening a meeting of top level management to present a blue print to government. Efforts by the Bank of Ghana to stop the depreciation of the…
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Ghanaians can fix ailing economy- Dr Tetteh
Dr Lawrence Tetteh, a Ghanaian international evangelist, on Sunday asked the citizenry not to lose faith in the ailing economy, since through collective efforts and sharing of ideas it could be healed. “People should not be too eager to criticise the economy when they are in the position to contribute ideas to resuscitate it and…