Author: citibusinessnews
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Businesses react to BoG’s decision to maintain policy rate at 14.5%
In the wake of the COVID-19 pandemic and its impact, Ghanaian businesses had been looking forward to a further reduction in the policy rate by the Bank of Ghana. The policy rate, which is the rate at which the central bank lends to commercial banks, and is also used by banks to calculate their base…
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Kweku Awotwi to bow out of Tullow Ghana for new MD, Wissam Al Monthiry
Tullow Ghana has announced that its Managing Director, and Executive Vice President of Tullow Oil plc, Kweku Awotwi, will be retiring from Tullow on 30th June, 2020. He will hand over his responsibilities to Wissam Al Monthiry Mr. Awotwi is the first Managing Director of Tullow Ghana to be promoted to Executive Vice President of…
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Cutting down advertising budget amid crisis: A suicide mission or cost saving mechanism?
The robust plans drawn by many governments and organisations have been disrupted following the emergence of the novel coronavirus (COVID-19) within the first quarter of this year. Obviously, many organisations including governments never saw it coming, hence failed to plan towards addressing it and taking advantage of the opportunities it also presents. Government budgets have…
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COCOBOD CEO decries destruction of cocoa farms by illegal miners
The Chief Executive Officer of COCOBOD, Joseph Boahen Aidoo, is appealing to the country’s security forces to pursue illegal miners whose activities are destroying acres of cocoa farms. While on a tour to inspect an ongoing Mass Pruning exercise in some parts of the Eastern Region, the officials came across cocoa farms that had been…
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Infinix rolls out Note 7 with powerful features and infinite possibilities
Infinix, a premium online-driven smartphone brand designed for the young generation has unveiled the much-anticipated NOTE 7. The newest smartphone model targets the mid-to-high end market segment and comes with a 6.95”HD Infinity-O display, the biggest Infinity-O display ever from Infinix. It also has a MediaTek Helio G70 CPU performance which is ideal for elite…
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Charitable CEOs set up 3 funding projects to mentor and assist 100 Ghanaian youth
In order to support people in need of financial assistance in education and those who wish to acquire employable skills and healthcare, Charitable CEOs has set up three major funding projects aimed at grooming one hundred (100) Ghanaian youths by 2040. According to the group, the initiative is to receive contributions and donations from CEOs,…
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Ghana Assoc. of Savings & Loans supports Ga East Municipal Hospital COVID-19 Treatment centre
The Ghana Association of Savings and Loans Companies (GHASALC), has donated assorted items valued at 50,000 cedis to the National COVID-19 Treatment Centre at Ga East Municipal Hospital at Kwabenya in the Greater Accra Region. The Executive Secretary of the Association, Tweneboah Kodua Boakye, said the donation, which includes medical essentials such as Omron i11…
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COVID-19: NSIA Insurance donates five motorbikes to Ministry of Health
In support of government’s efforts in the fight against the COVID-19 pandemic, the Board, management and staff of NSIA Insurance Company Limited, have donated five comprehensively insured multi-purpose motorbikes to the Ministry of Health. The donation is to facilitate and enhance the tracing and surveillance activities of the Ministry. Though other measures such as the…
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COVID-19 and Jobs: IHRMP issues management guidelines for HR practitioners
The COVID-19 pandemic across the world has brought with it a lot of uncertainties resulting in fear, anxiety and insecurity among employers and employees. In effect, the situation is testing stress levels and the ability of people to stay stable and resilient in these trying and unusual times. It is against this background that IHRMP…
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MTN Group ranked Africa’s top telecoms brand
MTN has been awarded the most valuable telecom brand in Africa in a recent annual report by Brand Finance, a leading independent brand valuation consultancy. The report stated that MTN’s brand value was boosted by a solid overall performance for the year, despite challenging economic conditions and regulatory challenges in some markets. Brand finance also…