Author: Pius Amihere Eduku
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No car tyre stealing incident occurred at our ports – GPHA
Management of the Ghana Ports and Harbours Authority (GPHA) has asked the general public to disregard a social media video that suggests an alleged theft at its premises. The said video purported that some workers at the Port were stealing and changing tyres from imported cars to Ghana and attributing the act and its perpetrators…
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![[Article] The Ghana Stock Exchange could rebound in the election year](https://citibusinessnews.com/wp-content/uploads/2019/09/stock-exchange-2.jpg)
[Article] The Ghana Stock Exchange could rebound in the election year
Should trend analysis be anything to go by, then the Ghana Stock Exchange should rebound next year 2020, the next election year after a woeful performance in 2019 currently returning about -16%. Investopedia defines trend analysis as a technique used in technical analysis that attempts to predict the future stock price movements based on observed…
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Controlling forex supply: BoG to auction additional $125m
The Bank of Ghana is seeking to auction a total of $125,000,000 for the fourth quarter of 2019; spanning October to December. The exercise is expected to be carried out in five tranches covering the three months. For each tranche, the Central bank is seeking to auction $25,000,000. A notice by the Bank of Ghana…
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Nigeria border closure: Ghana to leverage on AfCFTA to reduce impact
Nigeria’s decision to close its borders to neighbouring Benin may be a bigger problem than envisaged. This is because other countries including Ghana are feeling the bite of the action, albeit remotely. The development becomes more alarming when the continent is working on a common trade market, the African Continental Free Trade Area (AfCFTA). But…
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![[Audio] Price escalation in Ghana : Traders shun 1& 5 pesewas](https://citibusinessnews.com/wp-content/uploads/2019/10/pesewas.jpg)
[Audio] Price escalation in Ghana : Traders shun 1& 5 pesewas
A decade and two years after the re-denomination of the Ghana cedi, access and use of the 1 and 5 pesewa coins is still on the low. This is because consumers are compelled not to use them to pay for one transaction or another as most traders are still hesitant to accept the denominations as…
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Stanchart rewards SME challenge winner with $50,000
SC Ventures, a business unit of Standard Chartered, has awarded a grant of $50,000 to Edward Neequaye of Built Accounting, the winner of its innovation challenge to support Micro, Small and Medium Enterprises (SMEs). This is in support of Sustainable Development Goal 9 as part of their effort to improve their financial inclusion in the…
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First Finance Company launches two mutual funds
First Finance Company Limited, has launched two Mutual Funds onto the Ghanaian Market. The two funds are the Financial Independence Fund and the Elite Mutual fund. The Financial Independence Fund is targeted at investing in high-quality investment-grade fixed income securities that will provide security and liquidity for investors in emergencies such as temporary loss of…
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Zenith Bank marks ‘Go Lite…Live Lite’ health walk
Zenith Bank on Saturday, September 28, 2019 embarked on its flagship health walk which also coincided with the bank’s 14th anniversary of operating in Ghana. The health walk saw staff of Zenith bank, customers as well as other partners walk through some principal streets of Accra. The activity started at the bank’s head office at…
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Reduce cost of credit, power, rent for indigenous businesses – Michael Kottoh
Managing Partner of Konfidants, Michael Kottoh is advocating a reduction in the cost of doing business and support for targeted businesses if Ghana is to improve its competitiveness. Speaking at the opening of Citi FM’s Ghana Rising Conference on Thursday, he cited the high cost of credit, power as well as rent charges for office…
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Cal Brokers to exit stock exchange
Cal Brokers is set to leave the Ghana Stock Exchange as it ceases its operations. A statement from the stock exchange indicated that the move is as a result of the decision of the Shareholder and Board of Directors who have announced their intent to resign from the membership of the GSE and leave the…