Category: Business
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![ADB pioneers in global remittance services in Ghana [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2022/06/WhatsApp-Image-2022-06-16-at-11.08.30-AM.jpeg)
ADB pioneers in global remittance services in Ghana [ARTICLE]
The International Day of Family Remittances (IDFR) was adopted by the United Nations General Assembly and is observed on 16 June every year. The Agricultural Development Bank PLC(ADB) was the first Bank in Ghana to introduce remittance services to the Ghanaian public. In 1995, ADB became the sole agent for Western Union in Africa with…
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Bank of Ghana receives Central Bank’s Fintech Policy of the Year 2022 Award
The Bank of Ghana has won the Central Banking’s FinTech Policy of the Year Award 2022 under the FinTech and RegTech Global Awards run by Central Banking. Central Banking Institute unveiled the winners of its fifth annual FinTech RegTech Global Awards on June 14, recognising the technological achievements of central banks, supervisors and commercial tech…
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Fuel prices to go up by over GH¢1 per litre soon – COPEC
It appears the woes of fuel consumers are not yet over, as the price of the commodity is tipped to increase by about 12 percent in the next pricing window of June 2022. This would mean that the average price of fuel is likely to increase by about GH¢1.33 per litre. While petrol prices are…
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Politics, uncoordinated actions slowing Ghana’s investment potentials – Ofosu-Dorte
Ghana is not standing tall as a fine investment spot among its counterparts on the African continent, mainly due to politics. Not only is partisan politics affecting the country’s investment potentials, but also the “lack of coordinated thinking and action”, a Senior Partner of AB & David Africa, David Ofosu-Dorte has said. For him, the…
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#CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”
The Citi Business Festival’s forum on understanding the Ghana opportunity saw its panellists discuss ways Ghana can become a more attractive destination for both local and foreign investors. The forum featured Yofi Grant, the CEO of GIPC; David Ofosu-Dorte of AB & David law firm; Juliet Asante, CEO of the Ghana Film Authority and Jacob…
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Chamber of Telecommunications calls for more investment into Technology to improve livelihoods
Despite recent improvements in key areas like education, health, agriculture and entertainment as a result of the advancement in technology, the Ghana Chamber of Telecommunications says more needs to be done by relevant stakeholders to ensure all facets of Ghanaian life are enhanced significantly by new technology. According to the World Economic Forum, access to…
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DBG would help address market failures in Ghanaian credit markets – BoG
The Bank of Ghana has stated that the official commencement of full-scale operations of the newly launched Development Bank Ghana, DBG, would help address market failures in the Ghanaian credit markets. Speaking at the launch of the bank on Tuesday, 14th June 2022, Governor of the Bank of Ghana, Dr. Ernest Addison, noted that experiences…
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Citi Business Festival’s Ghana opportunity forum comes off today
The Citi Business Festival’s forum on understanding the Ghana opportunity will be held today, June 14, 2022, on Citi TV. This will be the third forum to be organised since the festival began this month, June. Join us on Citi TV with our esteemed panellists as we discuss ways of ‘understanding the Ghana opportunity.’ The…
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Economist calls for a review of the PFJ to help curb inflation
As the rise in food prices coupled with a rise in transport-related prices continues to push national inflation up, calls are being made for a relook at some key government policies. According to some stakeholders, the high inflation rate of some local food items cannot be accepted when we have agriculture-focused programs like planting for…
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Access Bank opens agency at Accra Technical University
Access Bank has commissioned a new Agency Banking network at the Accra Technical University (ATU) in Accra. This is in line with the Bank’s vision of becoming the world’s most respected African Bank through strategic expansion and retail dominance. Through this expansion drive, Access Bank has brought banking operations close to the doorsteps of the…