Author: citibusinessnews
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IMF deal: Ghana stands ready to unlock second disbursement – Economist
Economist, Dr. Patrick Assuming is optimistic Ghana will be able to receive the second tranche of $600 million from the International Monetary Fund (IMF) after the review of the bailout programme later in September. A visiting team from the Fund is expected to arrive in Ghana to assess the country’s eligibility for the second disbursement.…
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Republic Bank ‘Tap for Easter and beyond’ credit card promo: Winners receive prizes
Three lucky winners in the Republic Bank ‘Tap for Easter and Beyond’ Credit Card Promotion were presented with their prizes at a brief ceremony held at the Bank’s head office, Ebankese, in Accra. The first prize, a two-day staycation for two at the Aqua Safari Resort was won by Pharmacy Direct, the second prize, dinner…
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Kejetia traders threaten to stage demo over lack of individual meters
Traders at the Kejetia market have expressed their displeasure with the management of the facility over what they describe as their lackadaisical attitude in resolving individual metering issues at the market. The traders have for years been calling for the provision of separate meters, but they say the management has been indecisive and slow to…
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IMF bailout, DDEP to blame for stalled interchanges – Roads Ministry
The Head of Public Relations at the Ministry of Roads and Highways, Nasir Ahmed Yartey, has indicated that the stalled road interchanges across the country are a result of the country’s International Monetary Fund (IMF) deal and the Domestic Debt Exchange Programme (DDEP). Some key interchanges across the country that yet to be completed include…
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Africa Climate Summit: Govt to intensify efforts to raise funds from carbon market
Government says it will intensify efforts to raise adequate funds from the carbon market for the reclamation of degraded lands in Ghana. Ghana earlier this year earned $4.8 million for reducing nearly one million tons of carbon emissions caused by deforestation and forest degradation, with up to $45 million expected by the end of 2024.…
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Attorney General assures Menzgold customers of Justice
The Attorney General, Godfred Yeboah Dame, has assured customers of the defunct gold trading company, Menzgold Ghana Limited, of justice. This follows the filing of a new charge sheet at the High Court, where the CEO of Menzgold, Nana Appiah Mensah, has been charged with 39 counts of defrauding by false pretense, engaging in gold…
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Adonten SHS triumphs at JA Ghana’s 5th National Business Pitch Competition
The Fiesta Royale Hotel buzzed with excitement as Adonten Senior High School emerged as the overall winner of the 2023 National Business Pitch Competition at an Awards and Dinner Gala organized by Junior Achievement (JA) Ghana. Their groundbreaking startup, PELB Company, secured the prestigious title with its innovative solution: portable electronic lunch bags capable of…
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Locked up funds in other institutions affecting operations of micro finance, credit unions
The Swedru Teachers Co-Operative Credit Union is urging government to put up mechanisms to ensure that locked up funds in other financial institutions regulated by the securities and exchange commission are released. According to him some micro finance institutions and credit unions have their funds locked up in these financial institutions thus crippling their very…
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AfDB launches $1b Youth Adapt initiative to support small businesses
The African Development Bank has announced a $1 billion Youth Adapt initiative to provide seed financing to promote businesses of young people in Africa. In collaboration with the Global Centre on Adaptation, the bank rolled out the Youth Adapt policy with an investment of $4 million into 33 businesses of young people in 19 African…
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Agrihouse Foundation and GhaNeb LLC partner to create opportunities for Ghanaian Agribusinesses in Nebraska
Ghana’s Agrihouse Foundation and GhaNeb LLC, in a press release issued in Accra Ghana, are offering a rare opportunity to Ghanaian farmers, agribusiness entrepreneurs, Government officials and Private Businesses, to exploit a business, Trade and investment opportunity in the forthcoming Nebraska-Ghana Trade and Investment Program, and experience the highly rated Husker Harvest Days. The Nebraska-Ghana…