Author: citibusinessnews
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Citi FM/Citi TV’s Management Bootcamp for senior managers kicks off
Citi FM, a renowned media organization dedicated to promoting business excellence and professional development, will today, commence the annual Management Bootcamp. This highly anticipated event, targeting senior managers and entrepreneurs, aims to equip participants with essential skills and knowledge in various aspects of business management. The Management Bootcamp, running from Monday, June 26th, is a…
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MTN introduces new Mobile Money withdrawal fees
MTN, the leading telecommunications company, has announced significant changes to its mobile money withdrawal transaction fees. Effective from July 1, 2023, customers will experience an adjustment in fees for cash-out transactions exceeding a specific threshold. MTN took the initiative to inform its customers about the upcoming modifications through an SMS circular. According to the circular,…
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Mike Oquaye warns of IMF return if Ghana fails to address import dependency
The former Speaker of Parliament, Professor Aaron Mike Oquaye, has issued a stark warning that Ghana may find itself seeking relief from the International Monetary Fund (IMF) within the next six years if the nation does not address its current import dependency and inefficient utilization of mineral resources. During the 2nd R. S. Blay Memorial…
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Torentco deal best option to revive TOR – Management
The management of the Tema Oil Refinery (TOR) has declared the Torentco deal as the best option to revitalize the refinery and ensure its long-term sustainability. TOR, a crucial entity in Ghana’s energy sector, has faced significant challenges in recent years, including operational inefficiencies, financial constraints, and the need for infrastructure upgrades. Recognizing the urgency…
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All bullion vans will be armoured from July 1 – Association of bullion operators
The President of the Association of Bullion Operators Ghana (ABOG), Alhaji Iddi Sumaila, has provided reassurance to the public that no soft-skinned vehicle will be used for transporting cash starting from July 1, 2023. During an interview on Eyewitness News on Citi FM, Alhaji Sumaila stated that the association is committed to ensuring that all…
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AGRA launches new strategy to grow Ghana’s agro-processing industry
AGRA has unveiled a new five-year strategy that aims to promote the processing of agricultural produce in Ghana in order to benefit smallholder farmers in the country. The strategy’s planned interventions aim to create an enabling environment for agro-processors to thrive, enhance the competitiveness of businesses in the value chain and strengthen raw material supply.…
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Govt to engage IPPs next week over unpaid arrears
The government and the Independent Power Producers (IPPs) are set to have a meeting regarding the outstanding debts owed the producers. This meeting comes in response to a letter from the IPPs to the government, in which they threatened to suspend power supply starting from July 1, 2023, if an interim payment of 30% of…
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Leasing TOR to Torentco bad deal – COPEC cautions
Stakeholders within the oil and energy sector are raising red flags over the government’s proposal to lease the Tema Oil Refinery (TOR) to Torentco Asset Management (TAM). The Executive Secretary of the Chamber of Petroleum Consumers (COPEC) Duncan Amoah is questioning the capacity of the new entity to take over a huge company such as…
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Importers and Exporters Association joins calls for scrapping of taxes on sanitary pads
The Importers and Exporters Association of Ghana has joined calls for the government to scrap taxes on imported sanitary pads to enable purchase by women and adolescent girls in every part of the country. This comes after a group of civil society organisations stormed Parliament House on Thursday, June 22 clad in red, and held…
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African Cocoa Exchange programme can improve Ghana’s cocoa prices – COCOBOD
The Ghana Cocoa Board (COCOBOD) has expressed its commitment to enhancing the livelihoods of cocoa producers by ensuring an improvement in the producer price. This statement was made by the Chief Executive Officer of COCOBOD, Joseph Aidoo, during a stakeholder workshop focused on the feasibility study of an African Cocoa Exchange. COCOBOD has identified the…