Category: Business
-
MTN Ghana to pilot 5G network in 2023
The Chief Executive Officer of MTN Ghana, Selorm Adadevoh has announced a partnership with 6 other multinationals to build a comprehensive subsea data cable to serve the African continent and the Middle East region. The move according to the telecom giant is due to its astronomical growth in demand for internet and data services influenced…
-
Bus-booking app Plentywaka acquires Stabus; expands operations to Ghana
Africa’s public transportation sector is gradually evolving with the emergence of new technology-driven modes of transportation. To speed up the pace of this evolution, bus-hailing platform, Plentywaka, which provides hassle-free shared rides on-demand, has announced its merger with Stabus, one of Ghana’s leading mobility startups. The move by the Toronto-based platform to take over Stabus…
-
Public urged to seek support on use of GhQR code to promote cashless agenda
Members of the public who are still not sure how to access the GhQR for payments, should speak to their banks for assistance, Mr Archie Hesse, the Chief Executive of Ghana Interbank Payment and Settlement Systems (GhIPSS), has advised. GhIPSS, a subsidiary of the Bank of Ghana, introduced the GhQR as part of efforts to…
-
Resolve high interest rate concerns – Akufo-Addo urges new BoG board
President Nana Akufo-Addo has charged the new board of the Bank of Ghana to interrogate the issue of high interest rates in the country. According to the President, a low interest rate for businesses in the country is critical for ensuring that Ghanaian businesses become and stay competitive. The President made the remarks at the…
-
Western North Region records bird flu cases
The Western North Regional Directorate of Agriculture has destroyed hundreds of birds affected by the H5N1 avian influenza. The outbreak, which occurred in the Farm of Mr. Samuel Mensah Kwarteng in the Ahodwo community in Bibiani- Anhwiaso-Bekwai- Municipality of the Western North Region, is the first to be reported in the region. Mr. Augustine Kwarteng,…
-
Prof. Eric Osei Assibey, Angela Kyerematen-Jimoh join new BoG Board
President Akufo-Addo has sworn in Senior Lecturer at the Department of Economics of the University of Ghana, Professor Eric Osei Assibey and Executive Director/Regional Head for IBM North, East and West Africa, Angela Kyerematen-Jimoh, as new members of the reconstituted Governing Board of the Bank of Ghana (BoG). The swearing-in ceremony was held at the…
-
Access Bank posts strong performance for 2021 first half
Access Bank has recorded a strong growth in its financial performance for the first half of the year, with a 16% and 12% growth in its net interest income and profit before tax respectively. This was revealed at its annual “Facts behind the Figures” virtual session, held recently. “Facts behind the Figures”, an event organized…
-
![Onion traders at Adjen Kotoku hopeful of boom in sales in December [Video]](https://citibusinessnews.com/wp-content/uploads/2021/08/Onions.jpg)
Onion traders at Adjen Kotoku hopeful of boom in sales in December [Video]
The vegetable crop onion is the third-largest vegetable crop in Ghana, after tomatoes and chilli pepper. Onion is produced predominantly under rain-fed conditions, which accounts for 75 percent of the annual crop. It also has tremendous market potential in Ghana. It is consumed widely across all households, while the country’s expanding hospitality industry also offers…
-
Food prices likely to drop by end of August – Esoko Ghana
After several weeks of increases in food prices on the market, consumers should expect some stability and price reductions by the end of this month, August 2021. This prediction was made by commodity analyst, Esoko Ghana. The consistent increases in food prices over the past weeks have left many households and businesses worried. In an…
-
Quality Control Company Board tasked to improve quality of cocoa beans
The Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto, has charged the newly inaugurated five-member board of the Quality Control Company Limited of the Ghana Cocoa Board to gear up their efforts in improving the quality of Ghana’s cocoa beans. Cocoa from Ghana continues to enjoy a premium place on the World’s Commodity markets…