Author: citibusinessnews
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Tullow Oil plc appoints Rahul Dhir as new CEO
Tullow Oil plc (Tullow), has announced the appointment of Rahul Dhir as Chief Executive Officer and an Executive Director of the Group. Rahul will take up his appointment from 1 July 2020 and Dorothy Thompson, currently Executive Chair of Tullow, will return to her position as Non-Executive Chair after a limited period of handover. Rahul…
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CalBank donates GHS200,000 in support of COVID-19 Trust Fund
CalBank has donated an amount of GHS 200,000.00 to the COVID -19 National Trust Fund at the office of the Presidency in the Jubilee House, Accra. This is an additional gesture to the earlier collective contribution of GHS 10million presented by the Ghana Association of Bankers to support the fight against the pandemic. The COVID-19…
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Cocoa Processing Company MD donates products to COVID-19 survivor Frederick Drah
The Managing Director of Cocoa Processing Company, CPC, Nana Agyenim Boateng I, has presented some cartons of Royale Natural Cocoa powder and other cocoa products to Mr. Fred Drah, a resident of Mataheko, Afienya, who recently recovered from the novel Coronavirus. Nana Agyenim Boateng I said Royale Natural Cocoa Powder, being a complete food on…
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Insurance Industry supports Ghana’s COVID-19 Trust Fund
Ghana’s insurance industry has made a total donation of one million one hundred and five thousand Ghana cedis (GHC1,105,000) in support of the national COVID 19 Trust Fund. This is in response to President Akufo-Addo’s call for the support of the general Ghanaian populace, after he had established the COVID 19 Trust Fund to support…
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Upfield Foods donates nutritious products to support Ghana’s COVID-19 fight
Upfield Foods, the largest plant-based foods company in the world, has donated some of its nutritious Blue Band products to government’s initiative providing for vulnerable communities staying at home to prevent the spread of the Covid-19 virus. This initiative is in line with Upfield’s purpose which is to make people healthier and happier with nutritious…
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Coronavirus: The effect of a pandemic on digitisation efforts and cyber security
The survival, actions and inactions of humans is heavily dependent on both fear and anxiety, requiring people to respond to growing threats that endanger lives, as well as being able to deal and overcome existential threats. These threats have metamorphosed in various ways – political upheavals, health, cultural tensions, religious uprisings, terrorism, natural disasters, among…
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GSA certifies ‘solar Wash’ device in record time to allow commercial production
The Ghana Standards Authority, GSA, has certified an innovation by a 32-year old Ghanaian, Richard Kwarteng, known as ‘Solar Wash’, which facilitates the washing of hands as one of the precautionary measures against the coronavirus. The certification, which took a record time of four days instead of the usual twenty-one working days, allows the commercialization…
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GN Savings License Revocation case: BoG and A-G fail to file defence
The Bank of Ghana and the Attorney-General have failed to file a defence in the case brought against them by. Dr Papa Kwesi Nduom, Chairman of Groupe Nduom. In the suit, which is still pending in the High Court in Accra, Dr. Nduom accused the Bank of Ghana (BoG) and the Minister of Finance of…
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COVID-19 to lead Sub-Saharan Africa into recession in 2020 – World Bank
The rapidly-spreading coronavirus outbreak is expected to push sub-Saharan Africa into recession in 2020 for the first time in 25 years, the World Bank has said in a new forecast on Thursday. The bank’s Africa’s Pulse report said the region’s economy will contract 2.1% to 5.1% from growth of 2.4% last year, and that the…
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PIAC kicks against plans by gov’t to use Heritage Fund for COVID-19 fight
The Public Interest and Accountability Committee (PIAC), has kicked against government’s decision to use the Ghana Heritage Fund to finance the fight against the novel coronavirus pandemic in the country. The Finance Minister, Ken Ofori-Atta, while addressing Parliament on the economic impact of COVID-19 on the country called for the amendment of the Petroleum Revenue…