Author: citibusinessnews
-
Menzgold CEO NAM 1 granted GH¢500m bail
The CEO of defunct Menzgold Ghana Limited, Nana Appiah Mensah, has been granted bail to the tune of GH¢500 million with four sureties, none to be justified. He has also been directed to deposit his passport at the court registry as part of the bail conditions. This follows his plea of not guilty to 39…
-
BoG wins Alliance for Financial Inclusion Institutional Leadership award
The Bank of Ghana has won the Financial Inclusion Institutional Leadership Award 2023 of the Alliance for Financial Inclusion (AFI). The award, which was given at the just ended AFI 2023 Global Policy Forum (GPF) held in Manila, Philippines from 12th – 15th September 2023, and hosted by the central bank of the Philippines (Bangko…
-
1D1F: 126 factories now operational, over 160k jobs created – Govt
The Minister of Trade and Industry, KT Hammond, has disclosed that 126 projects are currently in operation under the government’s One-District-One-Factory policy. According to him, about 300 established companies are also at the various stages of completion, actively taking part in the supply chain. Addressing the Ghana Industrial Summit and Exhibition 2023, on September 18,…
-
Pensioner bondholders reject new DDEP; petition Finance Ministry
The Pensioner Bond Holders Forum is resisting attempts by the government, to include them in the next round of the Domestic Debt Exchange Programme (DDEP). The group which was initially excluded from the debt restructuring earlier this year is demanding their removal from the government’s reopened DDEP. Addressing journalists in Accra on Monday, September 18,…
-
Nine ventures announced for Africa Money and DeFi Summit investment showcase
The Africa Money and DeFi Summit (AMDSGH) has announced the selection of nine ventures that would showcase the cutting-edge Web3, Blockchain, Fintech, and Decentralised Finance (DeFi) businesses to investors and industry leaders in Accra. The summit slated for October 3rd and 4th, 2023 would focus on forging connections and bridging the gap between African ventures,…
-
Women in Ghana paid 34.2% less than men
Data from the first quarter of the 2022 Annual Household Income and Expenditure Survey (AHIES) indicates that among paid workers, women earned 34.2 percent less than men. The estimated gender wage gap adjusts for age, approximate years of work experience, highest level of education attended, main occupation, industry, employment sector, and region of residence. The…
-
Accra: Fire guts several shops at CMB
Fire has gutted several shops at CMB, behind Kantamanto in Accra, destroying goods worth millions of Ghana cedis. The cause of the fire which started around 5:00 am on Sunday is currently unknown. Firefighters from the Ghana National Fire Service (GNFS) were quickly dispatched to the scene, but the fire had already spread to several…
-
MTN Alert: Report MOMO agents over illegal split transaction
The Mobile Telecommunications Network (MTN) has declared that the act of split cash transaction is illegal, urging its clients to report any Mobile Money (MOMO) agent who engages in such unlawful practice for action. The MTN charges for mobile money cash transactions at a fixed rate pegged at GH₵10 cedis on GH₵1000 and above for…
-
64% increase in cocoa price woefully inadequate – GNACOF
The Ghana National Association of Cocoa Farmers (GNACOF) has described the 64 percent increase in the producer price of cocoa announced by the government as woefully inadequate and that farmers will likely continue to smuggle cocoa to Ivory Coast where prices are higher. GNACOF President Stephenson Anane Boateng said the government needs to do more…
-
MIIF partners UMAT to make institution centre of global excellence
The Minerals Income Investment Fund (MllF) as part of its mandate to support the development of the entire mining value delivery system in Ghana has signed a groundbreaking partnership agreement with the University of Mines and Technology (UMaT). The agreement which was executed at the offices of MllF on 16th August 2023 covers four principal…