Author: citibusinessnews
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7 state entities shortlisted to list on Ghana Stock Exchange
About seven State-Owned institutions have been shortlisted for possible listing on the Ghana Stock Exchange this year. This follows a review of the performance of these state entities, which have been making losses since 2015. Speaking during a meeting with the media in Accra, Deputy Managing Director of the Ghana Stock Exchange, Abena Amoah noted…
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90 SMEs receive ILO/SCORE training under German Cooperation sponsorship
90 SMEs have benefited from a training programme aimed at increasing their productivity and efficiency under the German development cooperation. The Management Development and Productivity Institute (MDPI), a sub-vented Agency under the Ministry of Employment and Labour Relations (MELR), in partnership with the Special Initiative on Training and Job Creation, held the project closure and Certification…
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Acquisition processes for AirtelTigo by gov’t to be concluded soon – Ursula
Communications and Digitalization Minister, Ursula Owusu-Ekuful, has disclosed that government is at the advanced stages of closing the deal for the acquisition of telecommunication company, AirtelTigo. She says the state is also finalizing processes in compliance with all requirements of the agreements explaining that these requirements will be fulfilled before the end of the current…
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Elsie Addo Awadzi reappointed Second Deputy BoG Governor
The President, Nana Addo Dankwa Akufo-Addo has reappointed Second Deputy Governor of Bank of Ghana, Mrs. Elsie Addo Awadzi, for a second term with effective 14th February 2022. Mrs. Addo Awadzi has over 25 years of professional experience working in various capacities in Ghana and internationally in law, finance, policy and regulatory reforms, financial sector…
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Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank
The World Bank is urging African countries to expand and diversify their participation in international trade and global value chains to reduce poverty on a large scale and transform their economies. According to the Bank, the continent must go beyond trade in raw materials and link its production and trade to the global economy to…
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60 SMEs to benefit from German Government funded SME Grant Scheme
Sixty Ghanaian Small and Medium Enterprises (SMEs) across the country are set to participate in the SME Grant Scheme for Job Creation, a project supported by Invest for Jobs, an initiative of the German Federal Ministry for Economic Cooperation and Development and implemented by the Association of Ghana Industries. The objective of the Grant Scheme…
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Ghana Airports MD yet to be notified of his dismissal – Tampuli
A Deputy Minister for Transport, Hassan Tampuli, has confirmed the dismissal of the Managing Director of the Ghana Airports Company, Yaw Kwakwa. According to him, Mr. Kwakwa has not been officially informed about his dismissal because internal processes must be first satisfied. “That is how it [termination] is supposed to be done. It is a…
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Fuel price hikes: Ride-hailing drivers call for adjustment in transport fares
The National Alliance of Digital Drivers is calling on their employers to adjust their fares upwards to make up for the increase in fuel prices. According to the Association, the continuous hike in fuel prices is taking a toll on their finances. A litre of fuel at the pumps crossed ed the GH¢7 mark in…
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Attorney General’s Department to prosecute non-compliant data controllers
The Data Protection Commission of Ghana has compiled a list of non-compliant data controllers to be forwarded to the Attorney General’s department for prosecution. This follows refusal by some Data Controllers to register with the Data Protection Commission as mandated by law under Section 46(3) of the Data Protection Act 2021 (Act 843). Ghana joined…
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I’m unaware I’ve been sacked – Ghana Airports Company MD
It seems as though the dismissal of the Managing Director of the Ghana Airports Company Limited, Yaw Kwakwa took him by surprise. Mr. Kwakwa, who was on a tour with the Transport Committee of Parliament at the McDan terminal when the news came in, told the media he has not received any formal notice indicating…