Category: Business
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#CitiBusinessFestival enters week 3: Focuses on understanding the Ghana opportunity
The Citi Business Festival continues this week with conversations on understanding the Ghana opportunity. Despite being a leading destination for foreign investment in West Africa, Ghana is faced with challenges such as rising debt levels, a deteriorating business climate, among others. It is against this background that the 2022 Citi Business Festival, in its third…
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Ghana gets $1bn pledge from banks to spur finances
International banks have pledged to lend Ghana $1 billion for budget purposes and to boost central bank reserves as the country seeks to cut its fiscal deficit and stabilize the local currency. This is according to Bloomberg. The country raised $750 million through syndicated loans with the participation of about eight African and European banks…
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Citi Business Festival’s Cedi Summit scheduled for June 27
The Citi Business Festival’s Cedi Summit will come off on June 27, 2022, at the Alisa Hotel. The Cedi Summit is a one-day Economic Summit being organised by Citi TV in partnership with the Institute of Statistical, Social and Economic Research (ISSER) and ABSA Bank Ghana, as part of the 2022 Citi Business Festival, that…
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All hands must be on deck to bring Ghana’s economy back on track – BoG
With the world economy, including Ghana’s, dealing with the aftershocks of the COVID-19 pandemic and the challenges being posed by the ongoing Russia-Ukraine war, stakeholders in Ghana including the government, the Bank of Ghana, businesses as well as the media are being charged to actively and effectively play their roles to build confidence and facilitate…
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World Bank approves $145m credit to enhance urban services to 2m people in 35 Secondary Cities
The World Bank has approved an additional financing of $145 million International Development Association (IDA)* credit for the Ghana Secondary Cities Support Program. This builds on an existing program of support to secondary cities agreed in 2018 and enables the program to scale up to support 35 secondary cites across the country. A statement issued…
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#CitiBusinessFestival: MTN’s Richard Densu gives tips on ‘new tools for the post-covid workspace’
Senior manager in charge of enterprise for MTN and MTN Business, Richard Densu touched on the new tools for the post-Covid workspace on the Citi Business Festival on-air series on Thursday, June 9, 2022. He noted that as businesses adopt technologies that allow their employees to work remotely as part of the digitization efforts, it…
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Akufo-Addo charges private sector to help with Ghana’s economic recovery
As the Ghanaian economy strives to rebound to pre-pandemic levels, the Government is urging the private sector to come up with innovative products and services to satisfy the needs of their markets. The remarks come at a time when businesses are complaining about the high cost of production in the country, which is affecting the…
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Ghanaian products get more shelf space in leading supermarkets – Konfidants report
In the third edition of the Konfidants Made-In-Ghana survey of Ghana’s leading retail supermarkets, Ghanaian products in supermarkets saw a marginal increase. Across all 11 supermarkets considered, Made-in-Ghana brands constituted 31% of the 20 selected product categories, while foreign brands comprised 69%. The Made-in-Ghana share was 18% in the 2019 survey and 26% in the…
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#CitiBusinessFestival on-air series: Ismail Ibrahim unravels tax maze for SMEs
Deputy Managing Partner for Ali-Nakyea and Associates, Ismail Ibn Ibrahim shared tips on how SMEs can manage their tax liabilities in a presentation on the Citi Business Festival on-air series on Wednesday, June 8, 2022. Ismail Ibrahim noted that the tax conversation is a critical component of every business. “This is because the GRA or the state…
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Absa Bank introduces first-ever QR code feature for ATMs
If you are an Absa Bank customer with a penchant for using the bank’s ATM, there’s a new feature on the machine that will make your life simpler and more convenient than before. For the first time in Ghana, customers can now withdraw money from any of Absa’s ATMs with the luxury of a digital…