Author: citibusinessnews
-
Gov’t to manage EPA effectively – Haruna Iddrisu
The Minister of Trade and Industry, Haruna Iddrisu, has given the assurance that the Economic Partnership Agreement (EPA) between West Africa and the European Union (EU) will be well-managed if consummated to ensure economic growth and development in Ghana. According to the minister, per the new arrangement, the West Africa-EU EPA will offer Ghana a…
-
CSOs condemn ECOWAS’ approval of EPA
The Economic Justice Network of Ghana (EJN) has unequivocally condemned the decision of the West African leaders to approve the signing of the Economic Partnership Agreement (EPA) with the European Union. A statement issued by the EJN said the decision which was taken at the 45th Ordinary Session of the ECOWAS Authority of Heads of…
-
13th edition of Ghana Banking Awards launched
The final countdown has begun! The 13th edition of the Ghana Banking Awards has been launched. As the unrivalled badge of excellence for the competitive banking market, the Ghana Banking Awards are the most hotly contested awards in the Ghanaian banking industry. Organised by Corporate Initiative Ghana, a not-for-profit entity, the 13th Ghana Banking Awards welcome the…
-
Wampah demands Terkper action to ease economic hardships
Henry Kofi Wampah, Governor of the Bank of Ghana (BoG), has called for stronger action from the Ministry of Finance and government to alleviate the country’s economic difficulties. “Fiscal consolidation will require a more aggressive stance in the second half of 2014. Government must continue to enhance revenue measures and rationalise expenditures to achieve the…
-
America to renew AGOA
Citi Business News can confirm that the United States of America will renew the African Growth and Opportunity Act (AGOA). According to the US assistant secretary of state for African affairs Linda Thomas – Greenfield the act will be renewed. AGOA is a preferential trade agreement between the United States and sub-Saharan African countries. Currently…
-
No laws were broken in Black stars Brazil cash saga – BOG
The Bank of Ghana has clarified the 3 million dollars that was air lifted to the Black stars team in Brazil was not in breach of its foreign exchange laws. According to the Governor of the bank of Ghana, Dr Henry Kofi Wampah ‘‘if you look at the foreign exchange act, the Bank of Ghana…
-
Ghana’s public debt hits 58.4 billion cedis
The Bank of Ghana has revealed that the country’s public debt including both domestic and external debt hit 58.4billion cedis at end of March this year. This is a leap from the GH¢52.1 billion recorded at the end of December last year. The new figure represents 55.4 percent of GDP. Of the total, the domestic…