Author: citibusinessnews
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Pensioner Bondholders to continue protest today at Finance Ministry
Members of the Pensioner Bondholders’ Forum will today May 9, continue their protest to demand payment of their matured coupons and principals on their bonds. Government has defaulted in the payment of 19 coupons and 3 principals since February after granting the pensioners exemption from the Domestic Debt Exchange Programme (DDEP). The group members yesterday…
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TUC to stage demo today over Sunon Asogli’s refusal to reinstate sacked staff
The Ghana Trades Union Congress (TUC) in solidarity with the Ghana Mine Workers’ Union will today May 9, embark on a demonstration over what it calls abuse of workers’ rights by a Chinese firm, Sunon Asogli Power Ghana. This follows the expiry of an ultimatum given by the Unions for the company to reinstate contract…
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We’ll not rest until govt pays us – Pensioner Bondholders
The Pensioner Bondholders Forum has indicated that it will not relent until the outstanding matured coupons of its members are paid. Speaking on Eyewitness News on Citi FM, the convenor of the Forum, Dr. Adu Anane Antwi said all attempts to get the attention of the government to pay their bonds have gone unresponsive which…
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Borrow from Treasury Bills to pay our coupons – Pensioner Bondholders
The Pensioner Bondholders Forum has suggested to the government to borrow from the Treasury Bills market to settle all outstanding coupons and principals on their bonds. The government has failed to pay 19 coupons and three principals since February after exempting the pensioners from the Domestic Debt Exchange programme. Convenor of the group, Dr Adu…
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Citi TV/Citi FM partners Finex Skills hub, Fincap securities to analyze 2022 banking sector reports
As the Government of Ghana moves to restructure its local currency and external debt, Citi FM and Citi TV are partnering with Finex skills hub and Fincap Securities on an analysis of the 2022 banking sector results. The partnership aims at providing insights into the financial health of banks as the government restructures its public…
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Ghana deepens petroleum trade ties with Mali
The National Petroleum Authority (NPA) has initiated moves to promote fuel trade and investment between Ghana and Mali. The NPA’s strategy is to continuously engage the Malian authorities and importers to achieve the objective of increasing fuel supply to the Sahelian region. Consequently, a delegation from the NPA led by a Deputy Chief Executive, Mrs.…
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TUC to protest on May 9 over dismissed Sunon Asogli workers
The Trades Union Congress (TUC) has reiterated its decision to embark on a protest on Tuesday, May 9, 2023, at Kpone, where Sunon Asogli Ghana Limited operates. The protest is in solidarity with the Ghana Mine Workers Union of TUC’s demand for the immediate reinstatement of three of their local union leaders whose appointments have…
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Don’t patronise ‘table top’ fuel – NPA urges motorists
The National Petroleum Authority (NPA) has urged motorists to stop buying petroleum products from unapproved retail outlets, such as table tops. It said such products, which are smuggled into the country through unauthorized routes, mainly from Togo, are adulterated and can damage their vehicles. The petroleum products are filled in gallons and conveyed mostly on…
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Ghana–Mexico deepen bilateral relations through cultural-commercial development
In August 2022, Ghana and the United Mexican States celebrated sixty-one (61) years of bilateral relations. As part of the celebrations, both countries looked forward to strengthening their bilateral ties for the benefit of their people. Last week, the relations between the two countries was deepened by the signing of a sister city agreement between Accra…
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Domestic cocoa production exceeds Ivory Coast
Latest data from the Cocoa Market Report by the International Cocoa Organization (ICCO) indicates that Ghana’s cocoa production has exceeded that of Ivory Coast over the half year 2022/23 crop season. As of 31 March 2023, cumulative arrivals of cocoa beans in Ivory Coast were lagging behind previous season levels, while the volume of graded…