Author: Lawrence Segbefia
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COVID-19: Estate developers seek support to prevent job losses
Ghana’s construction industry provides thousands of jobs due to the number of artisans required at every stage of the building process. Even though the industry is capital intensive, many of the people engaged such as masons, plumbers, and tilers, are mostly considered to ply their trade in the informal sector. Such persons are part of…
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Sustained production to boost revenue as gold prices surge – Chamber of Mines
The Ghana Chamber of Mines says it is important for the country to sustain its gold production if government is to make enough revenue from the commodity. Although many sectors of the economy have been hit amidst the coronavirus pandemic, gold prices have seen a surge, hitting 1,715 dollars an ounce as at June 4,…
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COVID-19: CalBank donates PPE to four major hospitals in Ghana
The Board of Directors, Management and Staff of CalBank, have donated a set of Personal Protective Equipment (PPE), valued at GHS 230,000.00 to four hospitals in Ghana. The beneficiary hospitals are the University of Ghana Medical Centre in the Greater Accra Region, the Komfo Anokye Teaching Hospital in the Ashanti Region, the Effia Nkwanta Regional…
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2020 Citi Business Festival takes off today
The 2020 edition of the Citi Business Festival starts today, Monday, June 1, 2020, with an array of radio and TV programmes. The month-long festival of business events and on-air activities provides inspiration, business ideas and information for persons who are starting, building or growing their businesses. This year’s Citi Business Festival will feature virtual…
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Economist cautions gov’t to avoid overspending due to COVID-19
Economist, Dr. Lord Mensah, has advised government to be measured in its expenditure for the 2019/2020 financial year particularly amidst the coronavirus pandemic. His advice comes on the back of a government request for 10 billion cedis financial support from the Bank of Ghana to mitigate the economic impact of COVID-19. The Finance Minister, Ken…
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MiDA provides $1.5m to build Air Conditioner Testing Lab for GSA
The Millennium Development Authority (MiDA), is to provide 1.5 million dollars to the Ghana Standards Authority (GSA) to construct an Air Conditioner Test Containment Building and Testing Laboratory. The project is part of the Millennium Challenge Corporation Power Compact Two. Speaking to Citi Business News, a Technical Controller at MiDA, Ing. William Amuna, said the…
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Toyota outdoors two new brands of saloon cars in Ghana
Toyota Ghana Limited has outdoored two new brands of saloon cars onto the Ghanaian market. The two cars, a 12th Generation Toyota Corolla and a new model; Toyota Agya, were outdoored at the company’s head office located close to the Accra -Tema motorway in a ceremony that was streamed live on multiple social media channels…
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Terkper challenges Ghana’s debt figures published by BoG
Former Finance Minister, Seth Terkper, says Ghana’s total debt stock published by the Bank of Ghana does not reflect the true debt of the country. Mr. Terkper argues that Ghana’s debt to GDP is currently 63 percent and not the 59.3 percent published by the central bank. The Bank of Ghana in its Summary of…
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GCX working to reverse drop in trading due to COVID-19 – CEO
The Ghana Commodity Exchange (GCX), says it is working to reverse the drop in activities on its platform due to the impact of COVID-19 on its operations. The Exchange has seen a huge drop in trading on its platform since the outbreak of COVID-19 in Ghana, as farmers who used to supply it with commodities…
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Ghana Association of Bankers appoints John Awuah as Deputy CEO
The Ghana Association of Bankers has appointed Mr. John Awuah as the Deputy Chief Executive Officer of the Association. He will take over from the current Chief Executive Officer, Mr. D.K. Mensah when the latter retires later this year. Prior to his appointment, Mr. Awuah was the Managing Partner of Jawuah & Co. Advisors Ltd,…