Author: citibusinessnews
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Deputy CEO of Exim Bank urges women to improve their contribution to Ghana’s socio-economic growth
Deputy Chief Executive Officer of Ghana Exim Bank (GEXIM) Rosemary Beryl Archer, has urged women to embrace technology and leverage it to advance and impact in their communities. Rosemary Beryl Archer made the call as part of celebrations to mark this year’s International Women’s Day celebration. A statement issued by Ghana Exim Bank, Rosemary Beryl…
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Aker Energy and its Joint Venture Partners award ¢3.1m scholarship to 71 students to pursue tertiary education
Aker Energy’s student scholarship initiative, Aker Inspire Scholarship Program (AISP), has awarded full scholarships worth ¢3,164,000 to 71 students to pursue various courses at tertiary institutions across the country. The AISP targets brilliant students from low-income households mainly from the coastal districts of the Western Region where its Exploration, Development and Production activities are based.…
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German Cooperation holds training Workshop for 20 fashion SMEs
With support from German Cooperation, 20 small and medium-sized enterprises (SMEs) from the Ghanaian textile and fashion sector participated in a 2-week workshop from 21 February to 4 March. This workshop marked the end of the first phase of a larger programme, called “Ghana-German SME Exchange and Training Programme”, implemented and managed by COGNOS International.…
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Ghana to engage global investors at Dubai Expo
Ghana is poised to showcase its immense investment opportunities to the international business community, on its National Day, slated for March 8, 2022, at the ongoing Dubai Expo. The country’s contingent will on the day, highlight government’s commitment to promote creativity, and display the huge prospects in critical sectors such as manufacturing, health, tourism, agriculture…
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Gov’t could struggle if revenue measures aren’t supported – John Kumah
A Deputy Finance Minister, John Kumah says it may get to a time that government may not be able to fulfill some critical payment obligations if its revenue mobilization measures including the Electronic Transfer levy, also known as the E-levy are not supported. The Electronic Transfer Levy is one major component within the 2022 budget…
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Fast track plans for trading in Chinese Yuan instead of US dollar – GUTA to Gov’t
The Ghana Union of Traders (GUTA) has called for the fast-tracking of moves to ensure that Ghanaian traders are able to trade more in the Chinese Yuan when doing business with China. Such a move is expected to reduce pressure on the Cedi because imports will not be done with US dollars. Most of Ghana’s…
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AGI advocates reduction of imports to check cedi depreciation
President of the Association of Ghana Industries, Dr. Humphrey Ayim-Darke, has emphasized the need for government to put in place measures to increase exports and reduce imports into the country. According to him, this will check the rate of depreciation of the Ghana cedi against the dollar. Currently, the Ghana cedi is the worst-performing currency…
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Gov’t completes piloting of YouStart, programme to start in April – Ofori-Atta
Government has completed the piloting of its flagship YouStart programme and says it is ready to roll it out in April 2022. According to Finance Minister, Ken Ofori-Atta, the youth entrepreneurship programme when rolled out will be a vehicle for supporting young entrepreneurs to gain access to capital, training, technical skills, and mentoring to enable…
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Fuel prices cross GHS8.00 per litre
Fuel prices at some fuel stations continue to rise, crossing the GHS8 per litre mark in the first week of March 2022. This is expected to have a ripple effect on other Oil Marketing Companies, which will also adjust their prices upwards. Only two weeks ago, fuel prices averaged GHS6.4 per litre as the Price…
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Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo
International Finance Corporation, IFC, a member of the World Bank Group, has appointed Kyle Kelhofer as Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo. Kyle Kelhofer who previously worked for IFC in Ghana, brings almost 30 years of global development experience to his new role supporting private sector growth, job creation, and…