Category: Business
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Eight ways next NPP government plans to fix Ghana’s housing deficit
Ghana’s 2010 Population and Housing Census report states that almost 44% of Ghanaians do not have adequate housing. Ten years down the line, the situation has worsened. It was revealed, in 2019, by the Minister of Works and Housing, Samuel Atta Akyea, that Ghana’s housing deficit has hit two million units. By this, the government…
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Position yourself to take advantage of AfCFTA – Akufo-Addo to GSE
President Nana Addo Dankwa Akufo-Addo has charged the Ghana Stock Exchange to strategically position itself to be able to attract more local and sub-regional companies to list on the local bourse. According to him, the siting of the Secretariat of the African Continental Free Trade Area (AfCFTA) and the coming implementation of the agreement, offers…
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![Why the Akufo-Addo government must freeze the Agyapa Royalties deal [Article]](https://citibusinessnews.com/wp-content/uploads/2020/08/Finance-Minister-Ken-Ofori-Atta.jpg)
Why the Akufo-Addo government must freeze the Agyapa Royalties deal [Article]
Kofi Ansah, the founding Chief Executive of the Minerals Commission, and Fui Tsikata, a lawyer with 45 years experience in mineral and energy law and policy, have argued for the freezing of the controversial Agyapa Mineral Royalties deal. In a statement, they said putting the deal on hold will be in “everybody’s interest”. They feel…
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Outgrower farmers under 1D1F to receive financial support from ADB
Outgrower farmers supplying raw materials to factories under the government’s One-District-One Factory (1D1F) policy are set to receive loans from the Agricultural Development Bank (ADB). This was disclosed by the Managing Director of the Agricultural Development Bank (ADB), Dr. John Kofi Mensah. According to him, industries established under the1D1F initiative in need of agricultural support can…
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Ten benefits from NPP’s 2020 manifesto people in agriculture are likely to enjoy
The role of agriculture in accelerating the economic progress and development of any country cannot be underestimated. In Ghana, the agricultural sector has suffered many setbacks. Successive governments have not been able to do much to transform the sector from its present state to one which produces more yield and high income for farmers and…
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Remittances into Ghana shoot up despite impact of COVID-19 on jobs abroad
Data from the Bank of Ghana made available to Citi Business News shows that the flow of remittances into the country went up marginally within the first half of the year, compared to the same period in 2019 despite the impact of COVID-19 on jobs both home and abroad. The remittances for the first half…
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COVID-19: Gold and less volatile currencies growing in attractiveness – Economist
A lot of investors the world over have been shaken by the Coronavirus pandemic and the associated fear has compelled individuals to move their funds from one investment option to the other in order to protect their gains. As the world deals with the Coronavirus pandemic, investors are increasingly moving their funds from stocks, bonds…
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41 shops of foreigners engaged in retail trade locked up at Suame Magazine
Forty-one shops belonging to some foreigners engaging in retail trade at the Suame Magazine Industrial area have been locked up. This was part of a nationwide exercise by the Committee on Foreigners in Retail Trade. The committee is undertaking the exercise following concerns by Ghanaian traders that some foreigners were in the retail space unlawfully.…
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We’ve paid all depositors of collapsed banks – BoG Governor
Governor of the Bank of Ghana, Dr. Ernest Addison has rejected claims that depositors who had their monies locked up with the collapsed banks have not been paid. Dr. Addison said all customers of the nine collapsed banks have been paid their locked-up funds. He was speaking at a meeting with President Nana Akufo-Addo after…
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Critics of Agyapa Royalties agreement lack understanding of deal – Adu Boahen
A Deputy Minister of Finance, Charles Adu Boahen has accused critics of the Agyapa Royalties mineral agreements, which seeks to leverage Ghana’s gold royalties to raise capital on the London and Ghana stock exchanges, of lacking understanding of the current deal hence their opposition. His claim follows misgivings from some stakeholders about various aspects of…