Author: citibusinessnews
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Weir Minerals wins CEO challenge at 2022 Citi Business Olympics
An executive of Weir Minerals who represented the Chief Executive Officer of the company came top of the CEOs Challenge at the 2022 edition of the Citi Business Olympics. Over 40 CEOs from different companies took part in the challenge. For this year’s CEOs challenge, the CEOs were tasked to shoot into an empty pole.…
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Fitch downgrades Ghana again; moves country from ‘CCC’ to ‘CC’
Ghana’s credit ratings have seen another downgrade. The latest downgrade by Fitch Ratings saw Ghana’s long-term local and foreign-currency issuer default ratings (IDRs) drop to ‘CC’, from ‘CCC’. This comes almost a month after the country suffered a hit when its credit rating was downgraded by Fitch Ratings from B- to CCC in August 2022.…
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Over 60 companies to show great sportsmanship at Citi Business Olympics tomorrow
All is set for Ghana’s biggest corporate sporting event dubbed Citi Business Olympics to be held tomorrow, Saturday, September 24, 2022, at the Eden Heights Sports Complex at Weija in Accra. Over 60 institutions are already geared up for the event, which will enable them compete amongst themselves for trophies and bragging rights. …
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Ghana set to start debt-restructuring talks for local bonds
Ghana is poised to start talks with domestic bondholders on a restructuring of its local-currency debt as part of the West African nation’s plan to secure a $3 billion loan from the International Monetary Fund. The country’s eurobonds extended declines. This is according to the Bloomberg. The nation’s largest debt investors including local banks and…
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West Africa Connect provides platform to boost mango, cassava and ICT sectors
Ghana’s mango, cassava and ICT sectors is set to receive a boost as Micro, Small and Medium-sized Enterprises (MSMEs) suppliers in the sector are being connected to buyers in and outside the ECOWAS sub-region, through the West Africa Connect platform. The move is part of efforts to promote regional trade and make it easy for…
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Companies gear up for 2022 Citi Business Olympics on September 24
Corporate Ghana is gearing up for the biggest sporting and networking event, the Citi Business Olympics. The 2022 edition of the event comes off on the 24th of September, 2022 at the Eden Heights Sports Complex, Weija. The event will be a day of team building, business networking, sharing ideas, learning and excitement as sixty…
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German Cooperation-Sponsored SCORE programme to support 72 New SMEs in 5 regions
The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), in partnership with the Management Development and Productivity Institute (MDPI), a sub-vented agency under the Ministry of Employment and Labour Relations (MELR), has launched the second phase of the Sustaining Competitive and Responsible Enterprises (SCORE)…
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Bora Capital launches two collective investment schemes
Bora Capital Advisors, has launched two of its collective investment schemes, the Bora Fixed Income Unit Trust and Bora Balance Unit Trust. The schemes are targeted at Ghana’s retail and institutional markets to service a growing client demand and also meet a regulatory directive from the Securities and Exchange Commission (“SEC”), that all clients with…
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Ghana coconut in high demand in export markets — GEPA
The Director of Public Relations at the Ghana Export Promotion Authority (GEPA), Ruth Maafo, has outlined interventions the government of Ghana is currently rolling out to boost coconut production and export in Ghana. Speaking to journalists ahead of the 2nd International Coconut Festival, Ruth Maafo, stated that coconut from Ghana is in high demand globally…
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Ghana’s inflation rate rises again; hits 33.9% in August 2022
Ghana’s inflation for August 2022 rose to 33.9 percent. This was announced by the Government Statistician, Prof. Samuel Annim at a press conference on Wednesday, September 14, 2022, when he gave a breakdown of the Consumer Price Index (CPI) and Inflation for 2022. Food inflation for August 2022 was 34.4 percent as against 32.3 percent…