Category: Business
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![Mobile money vendors explore more protection from telcom operators [Video]](https://citibusinessnews.com/wp-content/uploads/2021/05/mobile-money.png)
Mobile money vendors explore more protection from telcom operators [Video]
When the first Mobile Money service was launched in Ghana in 2009, the market probably wasn’t ready for full mobile financial services. Around 70 percent of the population was unbanked, that’s according to the World Bank, and only an estimated 35 percent of the population owned a mobile phone. However, the urban-rural divide was a…
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Tema Oil Refinery not on the verge of collapse – Management
The management of Tema Oil Refinery (TOR), has refuted claims that it is on the verge of a shutdown due to debts owed some utility providers in the country. Some media reports had suggested that the Ghana Water Company Limited (GWCL) had cut water supply to TOR for close to a month due to its…
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Ghana’s financial market to receive boost after launch of Capital Market Master Plan – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta, says confidence in Ghana’s financial markets should rise, with the introduction of a 10-year strategic Capital Market Master Plan by the Securities and Exchange Commission (SEC). The Capital Market Master Plan (CMMP) is aimed at diversifying the capital market as well as boosting economic growth. The plan hinges on…
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Construction Chamber welcomes government’s move to establish Development Bank Ghana
The Ghana Chamber of Construction Industry has welcomed moves by the government to establish the Development Bank Ghana. In an interview with Citi Business News, the Chief Executive Officer of the Chamber of Construction Industry, Emmanuel Cherry, stated that the bank will be key to the development of the construction industry. “This has been one…
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Enforce anti-money laundering laws to keep Ghana off EU blacklist – E-Crime Bureau
Cybersecurity firm, e-Crime Bureau, has called for strict enforcement of all anti-money laundering regulations, to ensure Ghana is not included in future greylists over money laundering and terrorism financing. Ghana was cited back in May 2020, in addition to a number of other countries, by the European Commission over money laundering and terrorism financing concerns.…
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Ghana likely to lose if ENI/Springfield impasse ends up in court – IES
Ghana could be the overall loser if the ongoing impasse between ENI Ghana Exploration and Production Limited, and Springfield Exploration and Production Limited, which has led to a delay in the unitization of their Afina and Sankofa oil fields, end up in the International Court of Arbitration. That’s according to the Executive Director of the…
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Petroleum Commission builds capacity of indigenous companies
Through what has become known to Indigenous Ghanaian Companies (IGCs) as the Ghana Upstream Business Academy, Petroleum Commission and Tullow Ghana Limited (TGL) held the second-in-series of workshops towards enhancing the capacity of SMEs operating in Ghana’s upstream petroleum industry. The objective of the workshop was to create awareness among Indigenous Ghanaian Companies on the…
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IES wants new evaluator appointed to look into ENI/Springfield impasse
Government is being urged to without delay, introduce a new evaluator to look into the ongoing impasse between ENI Ghana Exploration and Production Limited, and Springfield Exploration and Production Limited, which has led to a delay in the unitization of their Afina and Sankofa oil fields. The directive to unify the two oilfields was given…
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FDA collaborates with GEPA to boost export trade
The Food and Drugs Authority (FDA) has welcomed the collaboration with the Ghana Export Promotion Authority’s Impact Hub initiative which is intended to provide relevant trade information to the Ghanaian export community to boost the country’s export trade. The facility christened the GEPA Impact Hub, and located at the African Trade House, Headquarters of AfCFTA…
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Mawuli Ocloo to speak at Africa Revenue Summit 2021 in Nigeria
Sales Expert and the Chief Sales Partner at Salesmark Services, Mawuli Ocloo will deliver a keynote address on the topic: “Designing a Modern Sales Process for Growth” at the annual African Revenue Summit (AFRES) 2021 slated for the 4th and 5th June 2021 in Lagos, Nigeria. Under the theme: Scaling Growth, Optimizing Margins, Africa Revenue Summit 2021…