Category: Business
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About 2000 youth to benefit from garment and apparel module by YEA
Government has revealed that about 2000 youth are set to benefit from the phase one of the Garment and Apparel Module being rolled out by the Youth Employment Agency (YEA). This, government maintains will contribute to sustainable jobs geared towards reducing the high unemployment rate in the country. Speaking at the launch of the new…
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Petrol to sell at GHS12.97, diesel GHS13.43 per litre – COPEC
The Chamber of Petroleum Consumers (COPEC) is predicting that fuel prices may go up by 5.7% within the second pricing window of August 2023. The product is currently being sold at the pumps at an average price of GH¢12.45 per liter. COPEC says the price of LPG will also increase to about 11.9% within the…
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Officials of Quick Credit, Marwako picked up for privacy breaches
Officials of three (3) companies have been picked up for questioning for allegedly breaching data protection laws. This was captured during the commencement of an enforcement exercise of data laws by the Data Protection Commission. The companies are Hisense Ghana Limited, Quick Loan and micro-Investments limited and Marwako Fast Food. Quick Credit Investment and Micro-Credit…
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Akufo-Addo must address nation on BoG ‘crisis’ – Ato Forson
Minority Leader Dr Cassiel Ato Forson has asked President Nana Addo Dankwa Akufo-Addo to address the nation on the government’s measures taken to resuscitate the Bank of Ghana (BoG). “Given the unprecedented collapse of our central bank, it is imperative for the President of Ghana to urgently address the nation. During this address, the President…
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Ghana pursues double taxation, bilateral investment treaties with Trinidad and Tobago
A delegation from the Ghana Investment Promotion Centre (GIPC), and the Ghana Export Promotion Authority (GEPA) have engaged authorities of Trinidad and Tobago about considering Double Taxation and Bilateral Investment treaties, to further enhance trade flow between the two nations. The talks were held, when the delegation met with representatives of Trinidad and Tobago’s Chamber…
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Managing Director of TOR resigns
The Managing Director of the Tema Oil Refinery (TOR), Jerry Kofi Hinson has resigned on health grounds, according to a letter sent to President Nana Akufo-Addo. Mr Hinson in his letter dated August 11, 2023, stated that he is unable to continue his role as the MD due to unforeseen health circumstances. “It has been…
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![The crucial role of IPPs in ensuring energy security and fueling developing economies [Article]](https://citibusinessnews.com/wp-content/uploads/2023/08/Elikplim-Kwablah-Apetorgbor-512x375-1.jpg)
The crucial role of IPPs in ensuring energy security and fueling developing economies [Article]
conoIn an era where energy is the lifeblood of progress, the role of independent power producers (IPPs) emerges as a beacon of innovation, resilience, and transformative change. As developing economies strive to carve a path toward prosperity and self-sufficiency, the significance of IPPs in bolstering energy security and driving economic growth cannot be overstated. This…
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Anchored in strength: Zenith Bank’s steady pursuit of excellence in the first half of 2023
In the midst of a turbulent macroeconomic operating environment, Zenith Bank (Ghana) Limited has emerged as an excellent example of resilience and exceptional performance. The first half of 2023 was not without its challenges – a turbulent global economy, coupled with fluctuating markets. However, in the face of these headwinds, Zenith Bank not only weathered…
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Republic Financial Holdings Limited hosts Asantehene at Emancipation Day celebration in Trinidad & Tobago
Republic Financial Holdings Limited (RFHL), the parent company of Republic Bank (Ghana) PLC hosted Otumfuo Osei Tutu II, the Asantehene at a luncheon held in his honour at the Amara Restaurant in Port of Spain on Thursday, 3rd August 2023. This was during his recent visit to Trinidad and Tobago at the invitation of Dr.…
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Tame inflation, GHS 60billion loss not excuse to shirk policy mandates – IMF tells BoG
The International Monetary Fund (IMF) has cautioned the Bank of Ghana against not fulfilling its policy mandate in the face of the loss it posted for the financial year ending 2022. According to the IMF, the Central Bank must despite the impairment ensure that inflation returns to the target of 8 percent. “The loss the…