Category: FEATURES
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![[Article] Savings – the most difficult and yet needful culture to cultivate](https://citibusinessnews.com/wp-content/uploads/2019/09/SAVINGS.jpg)
[Article] Savings – the most difficult and yet needful culture to cultivate
Most people have found it extremely difficult to put something away for the rainy day. But as long as there is life, the need to save cannot be toyed with. Thanks to the shrewd and astute people who have succeeded in mastering the art of saving, a number of secret strategies have been developed and…
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Article: BOST abandons pipeline infrastructure at the expense of the state
In meeting the growing demand of petroleum across the globe, oil and gas pipelines will continue to play vital roles in safely, reliably and efficiently transporting the energy commodities over long distances from their sources to end-users or consumers. Of the various modes of bringing petroleum products to the market (e.g. ocean, road, pipeline and…
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Receiver issues ultimatum for customers of collapsed MFIs to submit claims
Customers of the collapsed 347 microfinance companies who could not submit their claims for their locked-up funds have been granted more time to do so by the receiver, Eric Nana Nipah. According to a notice issued by the receiver, the customers now have up to Friday 27th September 2019 to submit their claims for validation.…
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Ghana moves up in latest anti-money laundering ranking
A new anti-money laundering and terrorist financing report published by Swiss-based Basel Institute of Governance has seen Ghana moving up six places. Last year, Ghana ranked 66th out of 125 countries in the Anti Money Laundering Index. But with a score of 5.29, the country jumped to 60th position in the latest rankings released by…
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Bank of Ghana unveils redesigned website tomorrow
The Bank of Ghana has announced that it is replacing its current website with a redesigned one effective tomorrow, 10th September 2019. According to the central bank, the new website will improve the user experience by being more consumer-focused and also features a sleek new design, improved functionality and enhanced banking content. In a press…
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AU Commission, AUDA-NEPAD and OCP Group deepen collaboration to develop agriculture
The African Union Commission, together with the African Union’s Development Agency, AUDA-NEPAD, and OCP Group, a leading global producer of fertilizers, are pleased to strengthen their partnership to support the development of the African Agricultural Sector through the signature of a comprehensive Memorandum of Understanding (MoU). The MoU was signed by Josefa Leonel Correia Sacko,…
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A review of the fuel prices hike from increases in energy sector levies
Two days ago at the Starbite Shell fuel station in Tema Community 8, I parked my car at one of the filling points to purchase Gasoil (Diesel). I had asked the Attendant at the pump to fill the tank to the tune of Two Hundred Ghana Cedis (Gh¢200), and I was hoping to see the…
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Article: Gauging vessels compliance level of IMO 2020 sulphur cap
There have been a dramatic expansion of regulations in key sectors of the global economy over the past decade, driving most of the improvement in conditions we have seen up to date — curtailing pollution, preventing abuses in the finance system, ensuring food safety, and protecting public health et cetera. The financial system for instance…
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Article: What “due diligence” seeks to cure– PDS in focus
Up until 30th July 2019 when it was suspended, the Power Distribution Services (PDS) Ghana had been responsible for the operation, investment and management business of the Electricity Company of Ghana (ECG), following government’s decision to execute the second Millennium Challenge Compact (MCC) with the United States. According the Government of Ghana (GOG), which through…
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Unemployment rate in Ghana drops — Employment Minister
Ignatius Baffour-Awuah, the Minister of Employment and Labour Relations, has said the rate of unemployment in the country has reduced from 11.9 per cent in 2015 to 7.1 per cent in 2019. The decline, he said, was partly as a result of government’s flagship programmes and policies interventions conceptualised in the Coordinated Programme for Economic…