Author: citibusinessnews
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SIM box fraud syndicate busted in Tema, over $1.9m lost in revenue and taxes
A SIM Box syndicate operating at Community 11 in Tema in the Greater Accra Region was on Wednesday, February 19, 2020, busted in a combined operation by officials of the National Communications Authority (NCA), Ghana Revenue Authority (GRA), KelniGVG and the Ghana Police Service. The team retrieved a total of 11 SIM Box equipment with…
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Aker Energy to procure FPSO from Yinson Ghana
Aker has entered into a Letter of Intent (LOI) with Yinson Holdings Berhad to award a bare-boat charter and an operations and maintenance contract for a floating, production, storage and offloading (FPSO) vessel at the Pecan field, offshore Ghana. “We are continuing with our preparations for the Pecan project and awarding an LOI for the…
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BoG launches real-time platform for interbank forex trading
As part of plans to ensure the continuous stability of the local currency against its major trading partners, the Bank of Ghana has launched a platform for commercial banks to use in the trading of forex in a real-time manner. Referred to as the Refinitiv Matching Platform, it is part of the central bank’s plans…
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Vegetable farmers lament post-harvest loses due to lack of storage facilities
Some Ghanaian vegetable farmers have raised concerns about the impact of continuous post-harvest losses on their activities, largely due to the lack of storage facilities and processing centers to add value to their produce. They say this is impeding their operations as they are unable to export to rake in more revenue. The Executive Director…
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Greater Accra Poultry Farmers Association condemns contaminated gizzard on the market
The Greater Accra Poultry Farmers Association (GAPFA), has condemned the importation of salmonella infested gizzard onto the Ghanaian market, describing the act as mean. In a statement, GAPFA explained that salmonella poses serious health risks to the human kidney and liver, and as such, its consumption would have dire consequences for victims who patronize such…
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Bauxite mining: Gov’t to settle on key investors by close of 2020
The Ghana Integrated Aluminium Development Corporation (GIADEC), will by close of this year, enter into joint venture partnership with investors for the mining of the country’s bauxite reserves, President Nana Akufo-Addo has revealed. Speaking at the 2020 State of the Nation Address in Parliament, the President said the move is part of government’s plans to…
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Huawei unveils Nova 5T with powerful 5 AI camera in Ghana
Top smartphone manufacturer, Huawei Technologies, has introduced the latest model in its Nova Series into the Ghanaian market. The Huawei Nova 5T which packs together 5AI 48-megapixel 5 AI camera, 8 GB RAM, 128 GB ROM, as well as the advanced HiSilicon Kirin 980 (7 nm) chipset is available for pre-oders, starting from 19th to…
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Three Ghanaian agritech start-ups to participate in Impulse Acceleration Program
Sixteen startups drawn from Africa, USA, Portugal, Brazil have been selected to partake in Mohammed VI Polytechnic University’s (UM6) Impulse Acceleration Program in Morocco, Switzerland and the USA The program, which began on January 13, 2020, has three Ghanaian Agritech start-ups, Esoko, SAYeTECH and Trotro Tractor, selected among 350 applications received after the Impulse African…
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ATI urges Ghana to sign onto RLSF to reduce risks associated with energy projects
The Chief Executive Officer of the African Trade Insurance Agency (ATI), John Lentaigne, has urged the government of Ghana to expedite the signing up of the Regional Liquidity Support Facility, RLSF, to help private investors access funds for their activities. The facility, which is part of the benefits of the African Trade Insurance Agency agreement,…
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Fidelity Bank makes National Chocolate Day extra special for customers
In the spirit of togetherness, Fidelity Bank on National Chocolate Day has treated customers at all branches across the country with branded chocolates to create an atmosphere of love in appreciation for their affinity for the brand. The National Chocolate Day excitement started with staff as well as customers who visited Fidelity Bank branches receiving…