Author: citibusinessnews
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Mahama speaks at 2023 Korea Africa Business Summit
Former President John Dramani Mahama is in Seoul, South Korea, at the invitation of the Korea-Africa Foundation to participate in the 2023 Korea-Africa Business Summit. Mr. Mahama is the keynote speaker at the two-day summit, which coincides with the African Union Day celebration on May 25, 2023. The summit according to the Korea-Africa Foundation provides…
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Chinese involvement in Ghana’s economy not problematic – Nana Addo
President Nana Addo Dankwa Akufo-Addo says he finds no problem with the Chinese involvement in the Ghanaian economy. President Akufo-Addo remarked that China has proven to be a reliable partner in times of difficulty. His comment comes after an IMF report on Ghana for the year 2023 says China may take control of the country’s…
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Ghana Association of Banks welcomes provisions for recapitalization
The Ghana Association of Banks is urging banks whose capitals are below the minimum capital requirement to quickly build it up to meet the right requirements proposed by the Central Bank. The Association maintains that this will also boost their businesses. This comes as the Bank of Ghana has given banks up to the end…
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BoG commissions Financial Industry Command Security Operations Centre
In its quest to ensure the delivery of a safer digital financial industry, the Bank of Ghana (BoG) has inaugurated an advanced command centre known as the ‘Financial Industry Command Security Operations Centre (FICSOC)’. The move forms part of efforts to curb the numerous cybersecurity risks in the country and to create a secure cybersecurity…
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Investments, loans issues top complaints at banks for 2022 – BoG report
Customer issues regarding investments and loans were among the top five category of complaints recorded in banks for 2022. The others included complaints on current accounts, digital and electronic-money services and products. This is according to the Bank of Ghana (BoG) Complaint Management Report 2022. Out of the total 983 reports received, investment products and…
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Ghana will soon return to international market to borrow – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has revealed plans to return to the International market to borrow to fund infrastructural projects following the successful completion of Ghana’s $3 billion deal with the International Monetary Fund. Speaking at the Qatar-Africa Economic Forum in Doha, Mr. AKufo-Addo said even though his government is in no rush to return…
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IMF Deal: We’ll begin rigorous expenditure cuts – Akufo-Addo
President Nana Akufo-Addo has disclosed that his government will begin rigorous expenditure cuts to meet the conditionalities attached to the $3 billion bailout by the International Monetary Fund (IMF). Mr. Akufo-Addo said his government is eager to turn the fortunes of the country around and will do everything possible to ensure that the ailing economy…
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ETG/Sustain Africa to supply over 150,000 farmers with high-quality fertilizer
The Export Trading Group (ETG) and Sustain Africa, in partnership with the Ministry of Food and Agriculture, have launched a Fertilizer Relief Program aimed at providing farmers with affordable and high-quality fertilizers. During the launch of the fertilizer relief program, Fred Akowuah, the Country Director of Export Trading Fertilizer, highlighted the core objective of the…
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GNPC hasn’t signed any deal with PetroSA – Freddie Blay clarifies
Board Chair of the Ghana National Petroleum Corporation (GNPC), Freddie Blay, has refuted claims of a contract being brokered to sell a 50% stake in Jubilee Holdings Limited to South African oil business, PetroSA, despite the significant revenue this interest has for the state. Mr. Blay has been accused by 29 civil society organizations of…
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Pensioner bondholders to picket again from May 29 over unpaid coupons
The Pensioner Bondholders Forum has hinted of another round of picketing at the Finance Ministry to demand the payment of matured coupons. According to the group, the Finance Ministry is yet to pay matured coupons for May15 and subsequent maturities. Members of the Forum suspended its picketing on May 12 after it had a meeting…