Category: Business
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Citi Business Olympics sold out; all set for Saturday
All roads lead to the Eden Heights Sports Complex at Weija in the Greater Accra region for the biggest corporate sports gathering dubbed Citi Business Olympics put together by Citi TV with support from Citi FM. Ghanaians from various institutions will partake in different sporting disciplines including 7-aside football, basketball, sack race, volleyball, tug of…
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NIB too important to collapse, govt must restructure balance sheet – Adongo
The Minority in Parliament has strongly urged the government to undertake a significant restructuring of the ailing National Investment Bank (NIB) in order to prevent the bank’s potential liquidation. Recent reports have indicated the possibility of the Agricultural Development Bank (ADB) acquiring NIB, which currently carries liabilities exceeding GHc2 billion. During a press conference held…
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Decentralizing your operations will boost revenue mobilization – GRA told
The Ghana Revenue Authority (GRA) has been urged to intensify its decentralization efforts to enhance domestic resource mobilization and boost tax compliance in the country. This call comes from the Retired Customs Officers Association. Addressing attendees at the 4th Annual General Meeting of the Retired Customs Officers Association in Accra, Major General Carl Modey Rtd.,…
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OMCs call on NPA to deal with influx of Chinese tanker trucks
The Association of Oil Marketing Companies is calling on the National Petroleum Authority (NPA) to urgently take measures to deal with the influx of Chinese oil haulage trucks in the country. The Tanker Owners Union initially raised concerns over the importation of tanker trucks into the country in a letter to the National Petroleum Authority. The Association…
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Tullow driving local participation in Ghana’s oil and gas sector
In keeping with its commitment to local content participation in the oil and gas sector, Tullow has partnered with the Upstream Petroleum Business Academy of the Petroleum Commission (PC), to deliver training to local suppliers in Ghana. The training, on the theme, “Closing the Gap Workshop on Reverse Auctions,” was led by Tullow’s Chief Procurement…
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Medical Credit Fund introduces digital loans for SMEs in healthcare
To bridge the financing disparity among players in the healthcare sector, the Medical Credit Fund (MCF) has stepped in with innovative and digital credit funding solutions for Small and Medium-Sized healthcare enterprises. The move is also to provide healthcare facilities with a quick, easier and more affordable financial assistance to boost their operations. The launch…
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GHEITI introduces beneficial ownership addresses for transparency in extractive licensing procedures
The Ghana Extractive Industry Transparency Initiative (GHEITI) says enough progress has been made in tackling the issues of obscure licensing procedures and concealed ownership. Dr Steve Manteaw, the Co-Chair of the GHEITI, at a dissemination workshop, highlighted the significant progress that was made in promoting transparency and accountability within the extractive industry, leading to solving…
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Girls in Aviation Day Celebrated at Kotoka International Airport
The 9th Girls in Aviation Day was joyously celebrated at Kotoka International Airport, showcasing the significance of women in aviation and inspiring young women to explore career opportunities in the industry. This global event, organized by Women in Aviation International (WAI), witnessed enthusiastic participation from Ghana’s own WAI chapter, comprised of dedicated women professionals from…
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Monetary policy rate held steady at 30%
The Bank of Ghana has maintained the monetary policy rate at 30 per cent after reviewing developments in the economy. This means that the lending rate in the country will remain steady. It is the second time the Central Bank has held the rate in a year after doing the same in May 2023. After…
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Cedi depreciates against the dollar by 22.5%
The Bank of Ghana has pegged the depreciation of the cedi to the American greenback at 22.5 percent as of the September 2023. One will now need GHS 11.07 to exchange a dollar on the interbank market. In the Central Bank’s latest Summary of Economic and Financial Data for September 2023, the cedi has also…