Author: citibusinessnews
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Govt strikes deal with Insurance Association on debt exchange programme
The government and the Ghana Insurers Association (GIA) have made headway on the terms of the Domestic Debt Exchange Programme for insurance companies. This was announced in a joint statement by the Ministry of Finance and the Association issued on Thursday, January 26, 2023. “The insurance companies will participate in the exchange on similar terms…
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NCCE Chairperson pays courtesy call on BoG Governor
A 5-member delegation, led by the Chairperson of the National Commission for Civic Education(NCCE), Ms. Kathleen Addy, on 20th January 2023, paid a courtesy call on Governor Ernest Addison and Management of Bank of Ghana to seek mutually-beneficial relationships between the two institutions. In his remarks, the Governor of Bank of Ghana, Dr. Ernest Addison…
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Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world
The African Development Bank Group, will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. Bank Group President, Dr Akinwumi Adesina, announced Wednesday at the Dakar 2 Africa Food Summit in Diamniadio, east of the…
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![Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2023/01/GGY.jpg)
Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]
Boosting tourism in Ghana and the capital, Accra is fast becoming a tourism and recreational centre for many diasaporans and tourists in the country. This has made the capital a hotspot for entertainment and celebrations. For most people, choosing a place to relax and have come with many considerations. The Cosmopolitan, Accra’s most enthralling and…
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Tax on agro inputs a threat to agribusiness and food security – Analysts
CropLife Ghana together with the Chamber of Agribusiness Ghana, Peasant Farmers Association of Ghana (PFAG), National Seed Trade Association of Ghana (NASTAG) and the Ghana Rice Interprofessional Body (GRIB) have jointly held a press conference to urge Government to restore the tax exception on Agro-inputs. The President on September 12, 2022 assented to the tax…
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Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt
The Convener of the Individual Bondholders Forum, Senyo Hosi, has stated that the agreement between the Ministry of Finance and the Ghana Association of Banks on the Domestic Debt Exchange Programme (DDEP) affirms their position for individuals to be completely exempted. In a statement, Mr Hosi hailed the agreement between the Ministry of Finance and…
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Assin State College receives Dano “Inner Strength” Award
Having made substantial progress in the 2022 National Science and Math Quiz, Arla Foods, producers of Dano Milk has presented the coveted “Inner Strength” Award to Assin State College. The Award comes with Dano Products worth GH₵7000, a plaque, and a scholarship fund of GH₵10,000 – to be presented to Stephen Nyamekye, a contestant at…
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DDE: Banks secure 5% coupon for 2023; other revisions
The government has revised some terms of its Domestic Debt Exchange Programme (DDEP) following discussions with the Ghana Association of Banks. Hitherto, the new bonds under the programs were not to accrue any interest until 2024, starting at 0% coupon in 2023 which steps up to 5% in 2024 and 10% from 2025. But after…
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Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments
Retail customers not interested in a rollover of their cocoa bills would now be paid using COCOBOD’s deposits at the banks. That’s the agreement reached among the Bank of Ghana, Ghana Cocoa Board (COCOBOD) and the commercial banks following the COCOBOD’s bills default. This comes after Government last week, defaulted in the payment of matured…
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AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation
AfriCatalyst, a leading pan-African development consultancy firm based in Dakar, Senegal, in partnership with The Center for Global Development (CGD), a nonprofit think tank based in Washington, DC, is to organize a hybrid event to discuss and share expertise on the role of SDRs in spurring Africa’s economic recovery. In August 2021, the IMF board…