Author: citibusinessnews
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ATU and ICT ministers underscore importance of a digital economy for Africa’s resilient growth
The African Telecommunications Union (ATU) held a ministerial forum on Day 0 of AfricaCom 2022, bringing together participants from Malawi, Namibia, Uganda, and Zambia. The session which was under the sponsorship of Huawei focused on methods to engineer a new sense of hope for Africa’s digital economic journey under the theme ‘Rise Stronger with Digital…
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Global Finance names UBA among World’s Safest Banks
An international financial magazine ‘Global Finance’ has named United Bank for Africa (UBA) Ghana among the World’s safest banks in the 2022 rankings. UBA placed 4th position in Africa and the only bank in Ghana to make it into the prestigious list provided by three rating Agencies-Moody’s, Standard & Poor’s and Fitch. A statement issued by…
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Cabinet approves draft rent bill; expected in Parliament soon
Cabinet has given approval for the draft rent bill and recommended same for the consideration of Parliament, the Minister for Works and Housing, Francis Asenso-Boakye has revealed. Parliament is expected to soon deliberate on the bill to ensure that it is enacted into law. Speaking at a Press Briefing on Sunday, November 13, Mr Asenso-Boakye…
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AGI urges businesses to employ innovative strategies to control economic hardships
The Association of Ghana Industries, AGI, is urging industry players to adopt innovative ways to come out of the challenges that confront their industries. Their call comes as businesses are currently grappling with economic challenges confronting the country. Speaking during the Accra Regional Annual General Meeting of the Association, Greater Accra Regional Chairman of AGI,…
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Private Universities bemoan government neglect
Private universities have bemoaned what they describe as government neglect of their operations despite their massive contribution to the county’s human resource development. According to the chairman of the Council for Independent Universities (CIU), Professor Nicholas Nsowah-Nuama, many private universities are overwhelmed by stifling capital, staff, and the administrative and overhead cost of singlehandedly running…
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GIZ supports 90 businesses with equipment to enhance operations
Ninety businesses in Greater Accra today received some equipment ranging from digital and farming equipment to industrial sewing equipment, to help grow their businesses This comes after successful participation in a business idea competition. It is an initiative of the German Development Cooperation, implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Ghana through its…
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Ex-Goldman banker, Asante Berko arrested over alleged bribery scheme
Former Goldman Sachs Group Inc. banker and former Managing Director of the Tema Oil Refinery, Asante Berko, was arrested on charges that he orchestrated bribes to Ghanaian officials while employed at the investment bank. A six-count August 2020 indictment unsealed last week in federal court in Brooklyn, New York, accuses Berko of conspiring with at…
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Development Bank Ghana joins Ghana Association of Banks
The Development Bank Ghana (DBG) was officially admitted to the membership of the Ghana Association of Banks (GAB) on November 1, 2022. DBG, therefore, becomes the 25th Institutional Member, following the approval of the Executive Council of GAB. DBG is expected to complement the efforts of other Institutional Members of the Association in the drive…
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MASLOC adjudged sustainable project finance brand of the year
The Micro Finance and Small Loans Centre, MASLOC, was named the sustainable project finance brand of the Year at this year’s edition of the Ghana Credit Excellence Awards. The Chartered Institute of Credit Management Ghana named MASLOC the top-performing institution in delivering sustainable project finance for SMEs for the year under review. The event which…
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Stanbic CEO nutures strong partnerships with clients in Bono Region
Chief Executive of Stanbic Bank, Kwamina Asomaning, has met with some clients of the bank in the Bono Region capital of Sunyani as part of the bank’s commitment of building strong partnerships that spur growth in different sectors of the Ghanaian economy. Mr. Asomaning, who was accompanied by the Head, Brand and Marketing and at…