Author: citibusinessnews
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Producer Price Inflation hits 45.6%
Producer Price Inflation, the average price of goods and services received by domestic producers for their production activities, for the month of September has risen to 45.6 percent. This rate represents a 5.9 percentage point increase in producer inflation relative to the figure recorded in August 2022. This increment was mainly influenced by the mining…
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Radiance Petroleum Limited celebrates 10 years anniversary
The Radiance Petroleum Limited on Sunday, October, 16, 2022 celebrated its 10th Year Anniversary, dubbed, “This Far by Grace”. The Anniversary celebration which began with a series of activities including customer service week, a visit to an orphanage amongst others was climaxed with a Thanksgiving Service and Dinner at the ICGC Glory Temple, Kasoa. Radiance…
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Standard Bank enters 17th decade as Africa’s largest financial business
In October 1862 in the city of Port Elizabeth, South Africa, what was to become Africa’s largest financial services business was birthed. Standard Bank, then known as The Standard Bank of British South Africa started doing business in a tent in Johannesburg, then known as Ferreira’s Camp, defying many odds in very challenging times. From…
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Business slows in Accra as traders close shops in protest
The protest by the Ghana Union of Traders Association (GUTA) over Ghana’s forex challenges and the cost of living crisis has been largely met with support from traders. While most of the traders joined the protest by locking their shops, a significant number of traders had opened their shops for trade. At Tudu, for example,…
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Abena Amoah appointed Managing Director of GSE
The Council of the Ghana Stock Exchange (GSE) has announced the appointment of Abena Amoah as the Managing Director of the Exchange, with effect from November 24, 2022. In a statement issued by the GSE, it indicated that Abena Amoah will take over from Ekow Afedzie, the current Managing Director, who will retire from the…
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RCBs urged to leverage technology to meet changing needs of customers
The Bank of Ghana, BoG, is urging Rural and Community Banks (RCBs) to leverage current technologies to meet the fast-changing needs of their customers. This, the BoG believes will help the RCBs remain relevant to the segment of the economy that is traditionally served by the sector. Speaking at the 21st annual Chief Executive Officers…
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Zeepay Ghana Limited tops Ghana Club 100 awards
Zeepay Ghana Limited has been adjudged the best company of the year at the just ended Ghana Club 100 awards organised by the Ghana Investment Promotion Centre, GIPC. The financial technology company emerged the number one company in the country after it beat ninety-nine (99) companies enlisted in the 19th edition of the Ghana Club…
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Disapprove permits that do not meet dev’t standards – MMDCES urged
Local Assemblies have been charged to reject the siting of projects that do not meet their development standards regardless of the developer procuring environment permits from the Agency. This according to the Environmental Protection Agency (EPA) is critical to the development of the nation. The call comes on the back of issues raised by some…
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EU allocates 10 million Euros support for Ghana’s food security
The European Union (EU) has pledged an additional EUR 10 million to Ghana to support the most vulnerable populations facing an escalating global food security crisis exacerbated by Russia’s unprovoked and unjustified invasion of Ukraine. Announcing the new measure in Accra, the Deputy Head of the European Union Mission to Ghana, Mr. Pieter Smidt Van…
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Ken Ofori-Atta to preside over Ministerial dialogue of economies most vulnerable to climate change
Finance Minister, Ken Ofori-Atta of the Republic of Ghana will preside over the V20 Ministers of Finance Annual Dialogue IX this coming Sunday, 16 Oct 2022. The ministerial event, which is held every year alongside the World Bank-IMF Annual Meetings in Washington DC, will be attended by Finance Ministers from Africa, Asia, the Caribbean, Latin…