Category: Business
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Mobile money loan defaulters to be denied access to future credit- BoG
The Bank of Ghana (BoG) has warned individuals who have acquired loans through Mobile Money platforms, but have deliberately refused to register their SIM cards with the intention of avoiding repayment of the loans to rescind the decision and clear their debt. A statement from the BoG stated that, “failure to repay such loans will…
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GCB wins big at 2022 Citi Business Olympics; sweeps 12 trophies
GCB bank won 12 trophies at the just-ended 2022 Citi Business Olympics. GCB came in first in the sack race for women, table tennis for men and women, tug of war for men and volleyball for women. The bank won silver in the lime and spoon, volleyball for men, arm wrestling for men and tennis…
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Weir Minerals wins CEO challenge at 2022 Citi Business Olympics
An executive of Weir Minerals who represented the Chief Executive Officer of the company came top of the CEOs Challenge at the 2022 edition of the Citi Business Olympics. Over 40 CEOs from different companies took part in the challenge. For this year’s CEOs challenge, the CEOs were tasked to shoot into an empty pole.…
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Melcom unveils rejuvenated identity with new brand logo
As a strategic plan to move Melcom to a new level in the service industry, Ghana’s largest retail shopping centre, Melcom Plus has unveiled a new logo and other new packages three decades after its establishment. This new identity, according to managers of the company, is purported to bring the world to Ghana via its…
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Cocoa freight rates increased: 5% for containerised, 10% for bulk shipment
The Cocoa Marketing Company (CMC), Ghana Shippers Authority (GSA) and 18 shipping lines have agreed to increase basic freight rates for the 2022/2023 cocoa season to all destinations but the United Kingdom (UK). As a result, basic freight for containerised shipments to all destinations except UK has been increased by 5 percent and basic freight…
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West Africa Connect provides platform to boost mango, cassava and ICT sectors
Ghana’s mango, cassava and ICT sectors is set to receive a boost as Micro, Small and Medium-sized Enterprises (MSMEs) suppliers in the sector are being connected to buyers in and outside the ECOWAS sub-region, through the West Africa Connect platform. The move is part of efforts to promote regional trade and make it easy for…
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Companies gear up for 2022 Citi Business Olympics on September 24
Corporate Ghana is gearing up for the biggest sporting and networking event, the Citi Business Olympics. The 2022 edition of the event comes off on the 24th of September, 2022 at the Eden Heights Sports Complex, Weija. The event will be a day of team building, business networking, sharing ideas, learning and excitement as sixty…
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Cedi depreciation: BoG, Police arrest over 70 ‘Black Market’ dealers
Officials of the Bank of Ghana, in collaboration with the Ghana Police Service, have arrested over 70 individuals and entities engaged in the business of buying and selling foreign exchange without a licence from the apex bank. The move follows a special operation conducted by the two institutions on foreign exchange parallel market operators, otherwise…
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Bank of Ghana’s MPC meets over economy today
The Monetary Policy Committee (MPC) of the Bank of Ghana will today [September 20, 2022] commence its annual meetings to review developments in the economy. The meeting will also come out with the Monetary Policy Rate which is of keen interest to businesses, as it determines the rate at which the Bank of Ghana lends…
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Passion Air commences flight operations to Sunyani Airport
Ghana’s domestic air travel market is set to witness a major boost with the commencement of flight operations of domestic airline operator with the largest route network in the country, Passion Air to the Sunyani Airport. The flight, according to the company, indicates the start of Passion Air’s Sunyani route which would fly on Mondays,…