Category: General
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#GhanaRising: Young entrepreneurs must stop selling their companies to multinational giants
A former President of the Association of Ghana Industries(AGI) and Chief Executive of Tropical Cables, Dr. Tony Oteng-Gyasi has urged young entrepreneurs not to be in a haste to sell their infant companies to multinational giants wishing to enter the African market. He cautioned that most international firms that want to operate in the African…
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Ghana Rising Conference underway
The Ghana Rising Conference organized by Citi FM/TV is underway at the Kempinski Hotel in Accra. The goal of the one-day conference is to fashion out deliberate policies that will allow Ghanaian indigenous businesses to be able to boost their capacities and go beyond the borders of the country. One of the key highlights of…
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FBN holds first mini draw of Save and Win promo
FBNBank has held the first mini draw to reward winners of its Save and Win promo aimed at deepening te savings culture in the country. The draw awarded 10 customers of the bank. The first three customers walked away with a smartphone while those in the fourth to tenth positions received mobile network airtime each…
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Ghana, Kuwait sign loan agreement for rehabilitation of Dome-Kitase Road
Ghana and the Kuwait Fund for Arab Economic Development have signed a seven million Kuwaiti Dinars (an equivalent of about $23.8 million) loan agreement to finance the rehabilitation of Dome-Kitase Road Project. Mr. Ken Ofori-Atta, the Minister of Finance initialed for Ghana, while Mr. Nedhal Alolayan, Deputy Director-General of the Kuwait Fund for Arab Economic…
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Kojo Addison appointed new Vanguard Life Managing Director
The Board of Directors of Vanguard Life Assurance Company Limited has appointed George Kojo Addison as the new Managing Director of the company. A Chartered Insurer of the Chartered Insurance Institute (CII) of UK, Mr. Addison holds an Executive MBA, Finance Option and Bsc. Administration from the University of Ghana, Legon. He has further attended…
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GCB Bank refurbishes Ussher Clinic in Jamestown
GCB Bank Limited has completed 80 percent of an on-going remodeling and renovation of the Ussher Clinic in Jamestown, Accra. The clinic, which serves a majority of the residents of the Ashiedu-Keteke sub metro of the Greater Accra region, has seen very little renovation since its establishment in 1963. Before the commencement of the renovation,…
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British Airways suspends flights to and from Ghana as historic strike hits airline
British Airways has told its passengers not to turn up at airports across the globe as the biggest strike action in the airline’s 100-year history begins on Monday. More than 1,500 flights have been canceled as the company was accused of bullying its own staff by union bosses, who warned they could continue the action…
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Ghana’s insurance penetration rate drops to 1 percent
The country’s Insurance penetration rate has dropped to 1 percent from the previous rate of 1.12 percent, the 2018 report of the National Insurance Commission has revealed. The new rate includes both life and nonlife insurance. The decline of insurance penetration rate last year was witnessed despite the 21 percent growth in the industry’s gross…
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ICAG to use GH¢2.2 million fine for capacity building
The Institute of Chartered Accountants Ghana has told Citi Business News that it will use the GH¢2.2 million fine to build capacity for the four sanctioned auditing firms and the industry as a whole. The ICAG fined Deloitte & Touche, PKF Chartered Accountants, J. Mills Lamptey & Co., Morrison & Associate up to the tune…
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Insurance companies submit recapitalization plans to NIC ahead of deadline
The National Insurance Commission (NIC) says 95 percent of insurance companies have submitted their plans to recapitalise their operations. This follows an August 30th, 2019 deadline set by the NIC for the insurance industry to present their plans following the increment in the minimum capital requirement for insurance companies. “Most of the insurance companies have…