Author: Nii Larte Lartey
-
IMF bailout: Ghana to seal agreement with bilateral creditors soon
Government is yet to reach an agreement with bilateral creditors as part of processes to restructure Ghana’s debt following the US$ 3 billion loan from the International Monetary Fund (IMF). The process of getting an MoU with the creditors the IMF has said is a crucial step towards bringing the country’s debt to sustainable levels…
-
Citi Business Festival enters third week; focuses on retail and consumer markets
The programmes lined-up for the 2023 edition of the Citi Business Festival being organized by Citi TV/Citi FM will continue today, Monday, June 19, 2023. This third week delves into the ‘Retail and Consumer Market’ It begins with the on-air radio series featuring Micheal Kottoh, Managing Partner at Konfidants on the topic, the changing scene…
-
Banks lost GHS 56 million to fraud in 2022 – BoG report
Banks and other financial institutions in the country recorded a total loss value of GHS 56 million attributable to fraud for the year ending 2022. This is, however, a 7. 8 per cent drop compared to the GHS 61 million recorded in 2021, according to data from the 2022 fraud report compiled by the Financial…
-
BoG warns against 97 illegal loan Apps in Ghana
The Bank of Ghana (BoG) has cautioned the public against the operation of some online Apps operating without authorization. 97 of such applications have thus been cited for engaging in unlicensed lending activities in contravention of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (930). “The Bank of Ghana reiterated that the activities of these…
-
Citi Business Festival: 10 tips to building resilient SMEs
How can the ordinary Small and Medium Enterprises (SMEs) operating in Ghana possess the ability to withstand the shocks in the business climate? That was the focus of the second forum of the 2023 edition of the Citi Business Festival organised by Citi TV/Citi FM. It was on the topic “Building Resilient SMEs”. Four renowned…
-
#CitiBusinessFestival: Go digital to increase customer reach – Businesses told
Businesses have been urged to review their business models to meet the changing needs of customers. This will help them to maximize opportunities and remain sustainable in the digital economy. Claude Agyen-Asamoah, Head of Payments & Digital Commercialization at Absa Bank made the remarks on the on-air series of the Citi Business Festival while urging…
-
Ghana’s gold production drops by 12% in 2020 – EITI Mining Sector Report
Ghana’s total volume of gold produced fell to 4.023 million ounces in 2020 compared to the 4.577 million ounces produced in 2019. This represents a 12 percent drop in the country’s gold production as contained in the 2022 mining sector report by the Extractive Industries and Transparent Initiative (EITI). Per the report not only did…
-
#CitiBusinessFestival: Trust ecosystem needed to minimize e-commerce fraud – Benedict Bentil
Senior Manager, Enterprise Marketing and Portfolio Management at MTN Ghana, Benedict Bentil believes a robust trust ecosystem is crucial for a smooth operationalization of the e-commerce industry in Ghana. For him, cyber fraud is a disincentive to the growth of the e-commerce space hence, online business managers must devise measures to safeguard customers against fraud…
-
Ghana sends debt restructuring proposal to official creditors
Ghana has sent a debt restructuring proposal to its official creditors, two sources with direct knowledge of the matter said, as the West African country battles to escape its worst economic crisis in a generation. The “working proposal” is a crucial first step for the cocoa, gold and oil producer to engage the official creditor…
-
Citi Business Festival 2023: Takeaways from reimagining digital economy forum
Panelists on the first forum of the Citi Business Festival 2023 have made a strong case for the digital economy to be embraced to drive business growth. Key in the discussion, the tech analysts were quick to express concern over the potential risks artificial intelligence (AI) poses to businesses, largely attributing these concerns to lack of…