Author: citibusinessnews
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Fairtrade Africa holds West Africa Regional Convention
Fairtrade Africa, West Africa Network has held its Regional Convention and Congress from the 13th to the 14th July 2022 in both Ghana and Cote d’Ivoire. This year’s event focused on learnings and best practices from Fairtrade certified producer organisations on value addition and income diversification to remain resilient and viable farmer cooperatives. In his…
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Patrick Kwaku Ofori to take over from Senyo Hosi as new CEO of CBOD
The Ghana Chamber of Bulk Oil Distributors has announced the appointment of Dr. Patrick Kwaku Ofori as its new Chief Executive Officer. His tenure begins on August 1, 2022. He will be filling the vacancy created by the departure of the Chamber’s founding CEO, Senyo Hosi, who is stepping down after 10 years of meritorious…
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GACL Board Embarks On Working Visit To Regional Airports
The newly appointed Board of Directors of Ghana Airports Company Limited (GACL) have paid working visits to Kumasi, Tamale, Sunyani, and Wa airports. The visit afforded members the opportunity to acquaint themselves with developments at the regional airports and inspect ongoing projects. Tamale Airport The Board visited Tamale Airport to inspect ongoing expansion works, expected…
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GSE, Young Investors Network launch investment educational programs for the youth
As part of its objective to increase awareness and deepen financial literacy in the country, the Ghana Stock Exchange has partnered the Young Investors Network (YIN) and other industry players to launch a bouquet of Investment Education Programs for the youth. The move is aimed at promoting interest in savings and investment amongst the youth,…
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UMB celebrates Alisa as part of 50th Anniversary celebrations
The leadership of the Universal Merchant Bank (UMB), a leading indigenous Ghanaian bank, led by the Chief Executive Officer, Nana Dwemoh Benneh, paid a courtesy call today on one of its pioneering customers – Mr. Kwame Ofosu Bamfo (CEO of Alisa Hotels) at their plush Alisa Hotel Tema site as part of its key customer…
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Societe General Ghana partners AGF to provide financing solutions for SMEs
Ghana’s Small and Medium sized business sector is set to receive a major boost as Societe Generale Ghana has signed a partnership agreement with the African Guarantee Fund to increase its financing support to SMEs through enhanced credit facilities. The total guarantee facility of GHS35 million will enable the bank extend financial support to SMEs…
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Tullow Ghana awards KNK contract to Petrofac as part of transformation project
Tullow Ghana Limited (Tullow), operator of the offshore Jubilee and TEN fields, has awarded a 5-year contract to Petrofac Ghana (Petrofac) to support Operations and Maintenance activities on the FPSO Kwame Nkrumah (KNK). Petrofac is the largest amongst a number of companies, all of which are either indigenous Ghanaian firms or local joint ventures, which…
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Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG
Governor of the Bank of Ghana, Dr. Ernest Addison is urging banks and non-bank financial institutions on the continent to increase investments in digitisation platforms as well as cyber-security systems to facilitate safe and secure trade transactions through the Africa Continental Free Trade Area, AfCFTA agreement. According to him, this will ensure the development of…
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IMF team arrives in Accra on Wednesday to begin bailout talks with gov’t
Officials of the International Monetary Fund (IMF) will arrive in the country on Wednesday, July 6th to begin negotiations with the government on the bail-out the Akufo-Addo administration is seeking. The team is expected to meet officials of the Finance Ministry, the Economic Management Team and the Presidency during their one-week stay. Details of the…
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Fuel prices to go up as NPA announces restoration of UPPF margin
The National Petroleum Authority (NPA) has announced that it is restoring the full Unified Petroleum Price Fund (UPPF) margin on petroleum products. It made the announcement to players in the industry on Thursday June 30, 2022, indicating that the decision takes effect from Friday, July 1, 2022. “We hereby wish to inform you that, following…