Author: citibusinessnews
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Prof. Alex Dodoo heads African Organisation for Standardisation
The Director General of the Ghana Standards Authority (GSA), Professor Alex Dodoo has been sworn-in as the President of the African Organization for Standardization (ARSO). This was revealed at the 28th General Assembly of the continental standards body in Yaounde, Cameroun, on 30th June, 2022. He will succeed Charles Booto à Ngon of Cameroon after…
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Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership
Abanga Farms & Food Systems Limited, a Ghanaian agricultural-based company, has taken delivery of the first consignment of top-quality beef from MEATCO, the Namibian meat producing and exporting company, to distribute in Ghana. It is the first of its kind between the SADC and ECOWAS regions. At a ceremony on Wednesday, June 29, 2022, at…
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ASTM International pledges support for Ghana’s petroleum industry
The Director of External Relations of ASTM International, a global standards organisation, James P. Olshefskyan has pledged his outfit’s support to Ghana’s efforts at creating a world class petroleum industry. He said the American-based private standards-setting body, will provide technical assistance to build the capacity of local experts to enhance the reliability and profitability of…
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Finance professionals urged to develop strategies to boost ESG-driven business environment
President and Chair of the Association of International Certified Professional Accountants, FCMA, CGMA, CIMA, Paul Ash, is urging finance professionals to support their organisations through the transition to sustainable business According to him, Africa stands a great chance to grow tremendously if it unlocks its sustainable opportunities. A recent report by McKinsey & Company notes…
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Citi Business Festival enters final week; forum on agribusiness comes off today
The fifth and final edition of the 2022 Citi Business Festival forum comes off today, Tuesday, June 28, 2022. The discussion will be on the theme, ‘Rediscovering the agribusiness goldmine’, and will be live on Citi TV and on the station’s social media platforms. The forum, scheduled to start from 11:00 am to 1:00 pm, will…
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DBG will mirror KfW’s successful banking model to benefit SMEs
KfW, the German development bank, has reaffirmed that its partnership with the recently launched Development Bank Ghana (DBG), which was signed in December 2021, seeks to provide much-needed support to the Small and Medium-sized Enterprise (SME) sector and thereby promote the sustainable development of the Ghanaian economy based on a model similar to its own.…
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Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable
The Head of FICC Research and Chief Economist at ABSA; Jeff Gable, says the consistent introduction of subsidies in the midst of global economic challenges will only prolong the effects of inflation in that country. According to him, governments in Africa must rather focus on slowing down demand for products rather than subsidizing the cost.…
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Cedi Summit comes off today at Alisa Hotel
The much anticipated Citi Business Festival Cedi Summit comes off today, June 27, 2022, at the Alisa Hotel. The one-day Economic Summit being organised by Citi TV in partnership with the Institute of Statistical, Social and Economic Research (ISSER) and ABSA Bank Ghana, as part of the 2022 Citi Business Festival will host seasoned speakers…
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‘We’ve generated only 10% of estimated E-Levy revenue so far’ – Gabby Otchere-Darko
The electronic transactions levy (e-levy) introduced by government to generate additional cash for the government is raking in only 10% of estimated revenue, according to a leading member of the governing New Patriotic Party, Gabby Asare Otchere-Darko. The government commenced the implementation of the levy on May 1, 2022, after its initial announcement in the…
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BoG, CSA deepen collaboration to fight cyber threats
The Bank of Ghana (BoG) and the Cyber Security Authority (CSA) have agreed to improve collaboration and timely information flow to facilitate incident reporting and information sharing on cybersecurity issues. The two institutions have also committed to collaborate more closely on cyber and information security related matters and to provide each other with all the…