Author: citibusinessnews
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Ghana likely to secure US$3 billion from IMF for economic support
Government could obtain a loan of about US$3 billion from the International Monetary Fund as economic assistance. According to Bloomberg, the funding which will come in the form of balance of payment support will be spread within three years. A billion dollars is expected to come in immediately after the Fund approves an economic programme…
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Tax incentive for young entrepreneurs-opportunities and challenges
Introduction Starting a business is not easy, let alone being a young person but the reward is often significant compared to employment. Generally, raising capital, finding first customers, gaining the needed experience and having the conducive business environment in the early stages of a start-up can be tricky. Many young people therefore prefer employment rather…
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GEXIM CEO is one of Ghana’s 100 most influential business leaders
The Chief Executive Officer of the Ghana Exim Bank (GEXIM), Lawrence Agyinsam, was on Friday, 5th August, 2022, named as one of the 100 Most Influential Business Leadership Personalities in Ghana at the second edition of the National Governance and Business Leadership Awards 2022 which took place at the Labadi Beach Hotel. According to the organisers…
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USAID Feed the Future Program provides funding to Agrihouse Foundation’s 1H1G Initiative
The United States Agency for International Development (USAID) and the Alliance for a Green Revolution in Africa’s (AGRA) Ghana Inclusive Agriculture Transformation (GIAT) program announced funding support for the delivery of the Agrihouse Foundation’s 1Household, 1Garden initiative (1H1G). The new project is receiving financial support from USAID’s Feed the Future initiative through AGRA. The 1H1G…
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Yara’s Grow Ghana initiative to help empower farmers and boost yields
Yara Ghana took delivery of 18,000 metric tons of high-quality YaraMila Actyva fertilizer at the Port of Tema. The Norwegian multinational agricultural company, which has been established in Ghana since 2007, is committing USD 20 million to supply these fertilizers to local farmers. This is expected to benefit ~100,000 productive smallholder farmers and help enhance…
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Invest for Jobs and partners of N4G Project graduates 654 girls trained in fashion skills
The Network for Enterprise Development Learning through Sewing (NEEDLES) for Girls – (N4G) project was officially launched in Tamale on May 26, 2021, amidst a career day event. Fourteen months down the lane, 654 girls have successfully completed the training out of 850 girls who were selected from 1,500 girls who registered for the project.…
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The Gadget Master opens first outlet in East Legon
The Gadget Master, a leading gadgets and electronics company, has opened its new retail shop in East Legon, in Accra to serve its customers in the nearby suburbs of Madina, North Legon, Atomic, University of Ghana and surrounding areas. The opening of the new shop is part of the company’s effort aimed at enhancing its…
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Ghana EXIM bank CEO hosts national AfCFTA coordinator
On Wednesday 3rd August 2022, a Team from the National African Continental Free Trade Agreement (AfCFTA) Coordination Office led by the National Coordinator, Dr. Fareed Kwesi Arthur, paid a courtesy call on the Chief Executive of the Ghana Exim Bank (GEXIM), Lawrence Agyinsam. This follows the launch of the National AfCFTA Policy Framework and Action…
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S&P revises Ghana’s rating to ‘CCC+/C’, outlook negative
Ratings agency, S&P Global Ratings, has revised Ghana’s rating from B-/B to CCC+/C. In a statement issued on Friday August 5, 2022, the global ratings agency, said though government has taken steps toward consolidating the fiscal deficit, including the recent passage of the Exemptions bill, high borrowing costs and softening growth make it difficult to…
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Zenith Bank Ghana wins premium quality West African banking brand of the year 2021
Zenith Bank Ghana has been adjudged Premium Quality West African Banking Brand of the Year 2021 at the 6th Global Business Quality Awards 2022, held on Wednesday July 27, 2022 at the Movenpick Ambassador Hotel. The Awards, organized under the auspices of the Entrepreneurs Foundation Ghana, is designed to recognize both local and international enterprises…