Category: Business
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![Meat and poultry vendors optimistic of boost in sales during Christmas [Video]](https://citibusinessnews.com/wp-content/uploads/2020/11/8dd71796-f932-4cb4-ad0d-6dd4ea6ddf12-2.jpg)
Meat and poultry vendors optimistic of boost in sales during Christmas [Video]
Ghanaians love meat. Beyond the mouth-watering taste and nutritional benefits, meat serves as a sign of wealth and is usually proudly displayed at parties. As the Christmas season draws close, one of the sectors that will be cashing in on Ghanaians is the meat, fisheries ad poultry sector. Unlike previous years, the weeks leading up…
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COVID-19 related interventions pushing debt stock to unsustainable levels – BoG Governor
Governor of the Bank of Ghana Dr. Ernest Addison has stated that the current debt-to-GDP ratio of 71 percent could be an indication that government is approaching its limit when it comes to the implementation of its COVID-19 related interventions meant to cushion Ghanaians and businesses against the adverse impact of the global pandemic. Apart…
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Rural banks to re-engage BoG on directive to suspend dividend payment to shareholders
President of the Association of Rural Banks (ARBs), Daniel Ohene Kwaku Owusu, has said his outfit will re-engage the Central Bank on its directive to banks and other Specialized Deposit-Taking Institutions (SDIs) to suspend the payment of dividends to their shareholders. He indicated that though the Bank of Ghana’s directive was with good intentions, the…
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Policy rate maintained at 14.5% for 4th consecutive time
The Monetary Policy Committee of the Bank of Ghana has maintained the policy rate for the 4th consecutive time this year at 14.5 percent after a similar decision in May, July and September 2020. The rate is of keen interest to businesses, as it signals the rate at which the Central Bank will lend to…
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Value of MoMo transactions drops after five months of consistent increase
The total value of Mobile Money transactions has fallen for the first time after five months of continuous increase. The surge began in May, as it shot up from GHS32.8 billion in April to GHS41.5 billion, representing a whopping 26.5 percent increase. But after several months, it has dropped from GHS58.8 billion in September to…
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COVID-19 impact on Ghana’s movie industry: Drive-in theatres becoming the new trend
The COVID-19 pandemic has distracted the global film industry, halting film production and closing cinemas. Global box office revenues totalled US$42 billion last year, contributing almost one-third of the estimated US$136 billion in the value of worldwide movie production and distribution. According to PwC’s entertainment and media outlook: 2018 – 2022, Ghana’s Entertainment and Media…
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End of the road for eight fund managers as official liquidator gazettes them
The Official Liquidator (OL) has gazetted eight additional fund management companies (FMCs) out of the 54 whose licenses the Securities and Exchange Commission (SEC) revoked. Two more companies, which have also been cleared, are going through the winding up and gazetting process. Their gazetting completes their journeys as corporate bodies. Those gazetted include UniSecurities Gh…
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Ghana’s debt stock hits GHS273.8 billion, crosses dreaded 70% debt-to-GDP mark
Ghana’s total public debt stock has risen by GHS54.8 billion in the first nine months of this year, hitting GHS273.8 billion as at the end of September 2020. Government is currently under pressure to slow down the rate of debt accumulation. The new debt figure pushes Ghana’s debt to GDP ratio to 71 percent, crossing…
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Anglogold Ashanti Iduapriem Mine wins 2019 Mining Company of the Year award at GMIA
AngloGold Ashanti Iduapriem Mine, has been adjudged the 2019 Mining Company of the Year at the 6th Ghana Mining Industry Awards held at the Movenpick Ambassador Hotel in Accra. The company’s superior performance in environmental management, corporate social investment, occupational health and safety, mining innovation as well as fiscal contributions accounted for the win. General…
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NEIP CEO John Kumah, receives Doctorate Degree in Business Innovation
The Chief Executive Officer (CEO) of the National Entrepreneurial and Innovation Programme (NEIP), John Kumah, has been awarded a doctorate degree in Business Innovation. Dr. John Kumah, a lawyer, who is also the Parliamentary Candidate of the governing New Patriotic Party (NPP) for the Ejisu Constituency in the Ashanti Region in the December elections, was…