Author: Nerteley Nettey
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DBG will not shift its focus from its core mandate – CEO assures
Management of the Development Bank Ghana has re-assured that several stringent measures have been put in place to ensure the success and independence of the yet-to-be-launched Development Bank Ghana (DBG). Government established the DBG as a development finance institution (DFI) with the mandate to support economic transformation in Ghana. The bank is expected to ease…
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World Bank approves $145m credit to enhance urban services to 2m people in 35 Secondary Cities
The World Bank has approved an additional financing of $145 million International Development Association (IDA)* credit for the Ghana Secondary Cities Support Program. This builds on an existing program of support to secondary cities agreed in 2018 and enables the program to scale up to support 35 secondary cites across the country. A statement issued…
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#CitiBusinessFestival: Digital transformation, key to survival of businesses in turbulent times – Taaka Awori
The Chief Executive Officer of Busara- Africa, Taaka Awori is admonishing businesses to be creative and innovative in their operations to rake in more revenue in tough economic times. The COVID-19 pandemic, which hit the world in the latter part of 2019, dealt a big blow to many medium and small-scale enterprises, affecting not only…
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#CitiBusinessFestival enters week 2: Focuses on Resetting MSMEs in a COVID-19 era
The Citi Business Festival continues this week with conversations on Resetting Your Micro Small and Medium Enterprise (MSME) business after the Covid-19 pandemic. The Covid-19 pandemic dealt a big blow to many Medium and Small-Scale businesses, affecting not only their revenues and profits, but even their very existence. It is against this background that the…
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Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh
Chief Executive Officer of Popout, Maximus Ametorgoh, has highlighted the importance for persons seeking employment and those hoping to remain relevant in their fields to acquire some level of digital skills to increase their value. According to him, the growing rate of digitization in the country also comes with the opportunity for employment in that…
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GCB Bank PLC to pay GHS132.5m dividend to shareholders
Leading indigenous bank, GCB Bank PLC has announced the payment of a final dividend of fifty pesewas per ordinary share, representing GHC132.5 million, to be paid to its shareholders, for the financial period ended December 31, 2021. The amount represents a 100 per cent increase compared to the 2020 figure of 0.25 pesewas, following the…
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#CitiBusinessFestival: Financial sector players call for collaboration to achieve desired digital economy
Stakeholders in the financial industry are calling for deepened collaboration between the private sector and government to achieve Ghana’s desired digital economy. According to them, the development of Ghana’s digital economy and the need for the use of digital tools and interventions has become critical, particularly as the COVID-19 pandemic lingers on. Speaking as part…
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Bank of Ghana commences piloting of digital currency in Sefwi Asafo
The Bank of Ghana has started piloting the first digital currency known as the ‘e-Cedi’ in the Western North region of the country. The move is part of efforts to determine its feasibility and subsequent circulation as well as the Bank’s commitment to enhance the use of digital financial services in the country. Also, the…
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MTN Ghana shareholders to get dividend of 11.5 pesewas per share for 2021
MTN Ghana has announced the payment of a final dividend of 11.5 pesewas per share to its shareholders for the 2021 financial year. The amount is made up of the interim dividend of 3.0 pesewas declared by the Board after reviewing the half year performance of the company plus a 8.5 pesewas on ordinary shares…
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Fairwork Project calls for improved working conditions for workers on digital labour platforms
As part of efforts to improve the working conditions of workers on digital labour platforms in the country, Fairwork Ghana has held a workshop for stakeholders within the ecosystem. This follows recent agitations by gig workers against their platform employers about their low wages among others, despite the fact that Ghana has witnessed a rapid…