Author: citibusinessnews
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Ghanaian traders take on Nigerian engaged in wig sale at Makola
Some Ghanaian traders have taken on a Nigerian who engaged in the sale of human hair extensions at the Makola market in Accra on Monday. Dubbed the ‘Ghana Wig Fair’ the Ghanaian traders accused the Nigerian of disrupting their business by engaging in retailing which is against the laws of Ghana. They accused the Nigerian…
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Parliament approves $200m loan facility from World Bank
Parliament has approved a loan agreement between the government and the World Bank for an amount of $200 million to finance the Ghana Digital Acceleration Project. The House also approved an amount of $150 million dollars for the financing of the West Africa Food System Resilience Programme phase 2 under the Multi-phase programmatic approach. It…
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We’re doing everything possible to resolve economic crisis – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has assured that his government is working tirelessly to deal with the current economic mess. Addressing workers during this year’s May Day celebration in Bolgatanga, the President said his government is assiduously engaging the International Monetary Fund (IMF) to secure board approval for Ghana’s $3 billion bailout request to bring…
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Increasing Ghana’s Oil and Gas reserves is my priority – GNPC CEO
Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC) Opoku-Ahweneeh Danquah has said, he remains committed in building and sustaining a robust state petroleum entity and won’t be distracted by few dissenting elements within the system. His statement was in a response to a question that he was asked regarding a series of alleged…
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![Time to prioritize social justice [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2023/05/WhatsApp-Image-2023-05-01-at-4.05.46-PM-4.jpeg)
Time to prioritize social justice [ARTICLE]
May 1st is widely known as Labour Day, a day when we celebrate the contribution of workers worldwide. It is a moment for pride, celebration and hope. After three years of the COVID-19 crisis, followed by inflation, conflict, and food and fuel supply shocks, we badly need this. But the promises of renewal made during…
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EIU predicts delay in IMF Board approval for Ghana
Ghana’s hope of securing an International Monetary Fund board approval soon is expected to delay owing to prolonged external debt-restructuring negotiations, and the involvement of numerous stakeholders in the process. This is according to London-based economic and political analyst, the Economist Intelligence Unit (EIU). The EIU in its 2023 Country Report on Ghana, stated that…
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Exempt Ghana’s basic education sector from brutal expenditure cuts – CSOs to IMF
Africa Education Watch (Eduwatch) together with representatives of over 600 Civil Society Organisations (CSOs) have petitioned the International Monetary Fund (IMF) board to exempt Ghana’s basic education sector from what they described as brutal expenditure cuts ahead of the bailout programme. The CSOs explained that the expenditure cuts arise from Ghana’s bid to meet conditionalities…
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Pensioners to resume picketing at Finance Ministry over delayed coupon payments
The Pensioner Bondholders Forum will return to the Finance Ministry today, Friday April 28, 2023, to demand that matured coupons and principals of their bonds are paid. The government has failed to meet its obligations to pensioner bondholders who were exempted from the Domestic Debt Exchange Programme (DDEP) and to individual bondholders who did not…
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Volta: ECG to disconnect customers after PURC approved 14-day grace period
The Electricity Company of Ghana (ECG) has issued a warning to its customers that they have 14 days to pay their current bills or face disconnection. The Acting Volta Regional General Manager, Ing. Michael Buabin, made this known at a media briefing following the company’s one-month national revenue mobilization exercise which saw it recoup over…
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Over 11 million unregistered SIM cards to be deactivated on May 31
The National Communications Authority (NCA) has announced that over 11 million unregistered SIM cards will be deactivated on May 31, 2023. The 11 million SIMs include subscribers who were exempted from the current exercise. These include diplomats, refugees, and Ghanaians on official duties outside the country. Others include subscribers who have registered some of their…