Author: citibusinessnews
-
Akufo-Addo worried over impact of fertiliser shortage on poultry industry
President Nana Addo Dankwa Akufo-Addo has expressed concern about the shortage of fertiliser in Ghana and the rest of the continent, and its impact on the production of maize and soy as well as the country’s poultry industry. The ongoing war in Ukraine has left Ghana and the rest of the world not only short…
-
ActionAid Ghana Appoints John Nkaw as Country Director
ActionAid Ghana has appointed John Nkaw as Country Director effective 1st May 2022. Until his recent appointment as Country Director, John Nkaw served as Head of Programmes, Campaigns and Innovation and Interim Country Director. He succeeds Sumaila Abdul-Rahman who resigned from office in August, 2021. In his new role, John Nkaw will lead the work…
-
Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD
The Managing Director of FBNBank Ghana, Mr. Victor Yaw Asante, has reiterated the commitment of banks in the country to continuously innovate to keep up with the pace of changing customer behaviour and expectations. According to him, this will ensure that the industry remains relevant and competitive, especially in product development, personalization and customer service…
-
The seven factors driving high cost of living in Ghana
The average Ghanaian does not need an economics degree to know the economy is going through a very rough patch. They feel it on their commute to work and when shopping for foodstuffs. The Ghana Statistical Service’s figures noted that the continuous increase in food and transport prices across the country has pushed the national…
-
Samuel Dubik Mahama appointed ECG Managing Director
President Akufo-Addo has appointed Samuel Dubik Masubir Mahama as Managing Director of the Electricity Company of Ghana (ECG). He is expected to take over from Kwame Agyeman–Budu who is expected to step down onTuesday, May 17, 2022. Agyeman-Budu was appointed as the managing director of Electricity Company of Ghana, on 3 November 2019. He took…
-
Continuous increase in food, transport prices push April inflation to 23.6%
The continuous increase in food and transport prices across the country has pushed the national year-on-year inflation for April 2022 to 23.6 percent. This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service. The rate is 4.2 percentage points higher than the 19.4% recorded in March 2022. The rise…
-
ECG proposes 148% increase in electricity tariff for 2022
The Electricity Company of Ghana wants tariffs to be increased by 148% for 2022 and with 7.6% average adjustments between the periods of 2023 to 2026. The sharp proposed increment, according to ECG, is due to the gap between the actual cost recovery tariff and PURC-approved tariffs as well as the cost of completed projects.…
-
Faulty equipment caused widespread blackouts – GRIDCo
The Ghana Grid Company has explained that the May 7 power outages in parts of the country were a result of a system disturbance caused by faulty equipment on the Takoradi Extension–Winneba line. In a statement, it said this caused all generating plants in Aboadze, Bui and Kpong to shut down. Plants in Tema were…
-
Kwabena Adu Koranteng Writes : Proliferation of Unlicensed Investment Schemes- A National Security Threat
It is interesting to note that after the emergence and collapse of the infamous MENZGOLD investments schemes, several other unlicensed investment schemes have emerged and are still mushrooming with the latest one being Sidicoin. The Bank of Ghana has sent a stern warning to the general public and registered its displeasure about the operations of…
-
Henry Chinedu Onwuzurigbo appointed as new Zenith Bank CEO
Zenith Bank (Ghana) Limited has appointed Henry Chinedu Onwuzurigbo as its new Managing Director/Chief Executive Officer of the Bank. He takes over from Anthony Akindele Ogunranti who has been elevated to the position of Executive Director in Zenith Bank Plc. Mr. Onwuzurigbo, until his appointment, was the Executive Director of Zenith Bank Ghana. Before joining…