Author: Nerteley Nettey
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TOR Board is competent – Management rejects contrary claims by staff
Management of Tema Oil Refinery (TOR), has debunked claims by the workers of the Refinery that the current Board has made no significant contribution to the growth of the company. The current Board has made enough progress including “payment of TOR’s outstanding GHS1 billion debt that accrued between 2009 and 2016,” a statement signed by…
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![ADB financing agricultural value chain for wealth creation [Article]](https://citibusinessnews.com/wp-content/uploads/2020/11/WhatsApp-Image-2020-11-05-at-2.53.07-PM.jpeg)
ADB financing agricultural value chain for wealth creation [Article]
The Agricultural Development Bank Limited (ADB) is the lead bank for agricultural financing in the country. Set up for the purpose of developing the agricultural sector, ADB has over time used various avenues to channel financial resources into the sector to propel it to higher heights. With about 83 network branches nationwide, ADB is the…
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Dissolve TOR board within one week – Staff to Nana Addo
Workers of the Tema Oil Refinery (TOR) have given the President a one-week ultimatum to dissolve the board of the company. The staff say the board must be dissolved over its incompetent management of the refinery. The workers made the demand when they staged a peaceful protest on Wednesday, November 4, 2020, at the company’s…
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Educate customers to make informed investment decisions – Economic Analyst to Financial institutions
The Senior Economic Analyst with DataBank, Courage Martey, has said there is the need for a concerted effort towards boosting financial literacy for Ghanaian workers, to enable them process simple economic information and make informed decisions about their finances. His comment comes on the back of a ‘2020 Banking Industry Customer Experience Survey published by…
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![Special Prosecutor’s corruption risk assessment of Agyapa deal [Full document]](https://citibusinessnews.com/wp-content/uploads/2020/11/Amidu-.jpg)
Special Prosecutor’s corruption risk assessment of Agyapa deal [Full document]
The Special Prosecutor, Martin Amidu’s corruption risk assessment into the controversial Agyapa Royalties deal has been made public weeks after it was submitted to the Office of the President. In his risk assessment, Mr. Amidu among other things raised concerns with the entire deal and processes prior to its approval by Parliament. “All the parties…
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Gas shortage hits parts of Ghana
Parts of the Greater Accra and Central Regions have been hit by an acute shortage of Liquefied Petroleum Gas. The situation has left consumers who depend on LPG for domestic, commercial and industrial purposes stranded. Some residents who spoke to Citi News said the shortage, which started on Wednesday, October 28, is taking a toll…
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MTN sells shares in Jumia for $142million
South African telecommunications giant, MTN Group on Friday, October 30, 2020, announced the sale of its stake in Jumia, one of Africa’s largest eCommerce firms. MTN says it’s making a net proceed of $142.31 million dollars from the sale. MTN said in August it had filed with the New York Stock Exchange to prepare for…
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Uber rewards 2 outstanding drivers with brand new cars
Ghana’s leading riding hailing app, Uber, has rewarded two of its drivers whose performance was head and shoulders above the rest with brand new cars for their excellence in service and dedication to their jobs. The drivers were rewarded in a short ceremony to climax Uber’s “Gye Wo Two” promotion in Accra. The “Gye Wo…
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Parliament approves GHS27.4 billion expenditure for 2021 1st quarter
Parliament has approved the government’s request for GHS27.4 billion for the first quarter of 2021. The approval comes two days after the Minister for Finance presented a request for Expenditure in Advance of Appropriation to Parliament. Presenting the report of the Finance Committee on the request to the House, the Chairman of the Committee, Dr.…