Category: Business
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We didn’t discriminate against passenger with ‘disability’ – Africa World
Africa World Airlines Limited (AWA), has denied the claim that its staff discriminated against a person with disability by preventing her from boarding a flight she had paid for. AWA believes the unfortunate incident may have been the result of a series of miscommunications that began when the plane ticket was purchased by the aggrieved…
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Time to navigate the changing landscape of blended finance
Blended finance is a new buzzword in the development finance discourse. While some key definitions and modalities are still under debate, the OECD Development Assistance Committee (DAC) has set out the “rules of the game” alongside publication of a flagship report. Under the title “Making Blended Finance Work for the Sustainable Development Goals, the report provides a comprehensive treatment of…
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Gov’t delegation on Eurobond roadshow heads to London
Citi Business News has learnt that a team of government personnel and officials from the Bank of Ghana on a Eurobond road show will be leaving the U.S to London today to meet investors. The roadshow is in preparation of moves by government to raise about 2 billion dollars this year. It is not clear…
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Bitcoin to replace dollar in African countries—Operators predict
Some multinational companies engaged in the services of virtual currencies such as Bitcoin and crypto currencies are predicting that Ghana will be the first country on the continent to accept bitcoin as payment scheme. This follows the increasing number of Ghanaians that are said to be engaging in virtual currencies despite a warning from the…
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Telcos not taking over banks with interoperability
Telecom industry players have insisted they are not taking the place of banks even with the launch of the mobile money interoperability. The telecom operators however believe the new system should help reduce the number of people not captured within the banking population. The comment also comes three days to the official launch of the…
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Govt must come out with alternative retirement plan—Prof. Bokpin
Economist and Head of Finance Department at the University of Ghana Business School, Professor Godfred Bokpin has warned of future hardships for Ghanaians if the country fails to implement alternative retirement plans. This, he believes is because the current law only provides minimum allowance for person’s who retire under the law. His comments come on…
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Registrar Generals Department extends tax returns deadline
The Registrar Generals Department has extended the deadline for filing tax returns from 4th May 2018, to 31st May, 2018. The extension of the date was triggered as many people thronged the Registrar Generals Department to file their tax returns on the final day, overwhelming the staff. Speaking to Citi Business News on the issue,…
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Oradian’s cloud-based toolset to pull more communities in Ghana into the financial system
Microfinance institutions, Microfinance banks, savings and loans companies, rural banks and Cooperative Societies in West Africa that have deployed Oradian’s cloud-based toolset have the potential to improve access to financial services in unbanked communities in Ghana. “Financial institutions are becoming more efficient with Instafin, Oradian’s cloud-based core banking system (CBS) and creating capacity to serve…
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Mobile money interoperability goes live on May 10
The Ghana Interbank Payment and Settlement Systems (GhIPSS) has disclosed that the mobile money interoperability will go live on Thursday, May 10, 2018. According to the CEO of GhIPSS, Archie Hesse, the rolling out of the system will follow the launch by the Vice President, Dr. Mahamudu Bawumia. The mobile money interoperability is the first…
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Depositors funds are safe—BoG assures Sovereign Bank customers
The Bank of Ghana(BoG) has assured customers of Sovereign Bank that their deposits are safe following the appointment of an advisor to oversee the operations of the bank. According to the central bank, it made the appointment because the bank is facing governance and capital challenges. A statement from the bank to Citi Business News…