Category: Local Economy
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UK watchdog fines Ghana International Bank for poor anti-money laundering systems
Britain’s Financial Conduct Authority (FCA) has fined Ghana International Bank (GHIB) 5.8 million pounds ($7.1 million) for failings in its anti-money laundering controls. The FCA said the bank provided correspondent banking services to other lenders, allowing them to provide products and payment services they would otherwise be unable to provide. Between January 2012 and December…
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GH¢18.19bn mobilised for Covid-19 fight; GH¢12bn was utilised – Ofori-Atta
The government mobilised a total of GH¢18.19 billion to mitigate the impact of the Covid-19 pandemic in the country for 2020 and 2021. Government ended up spending GH¢12 billion out of the total figure generated within the period in question. This was disclosed by the Minister of Finance, Ken Ofori-Atta, when he delivered a statement…
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UKGCC marks Royal Ascot Ladies Day in Ghana to raise funds for UGMC
As part of efforts to promote bilateral trade between the UK and Ghana, the UK-Ghana Chamber of Commerce (UKGCC),on 18th June 2022, held the maiden edition of the Royal Ascot Ladies Day Event in Ghana to celebrate the iconic annual UK cultural event. Ascot, one of Britain’s most well-known racecourses, holds a special week of…
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Absa Bank’s Chief Economist to speak on global economy at Cedi summit
The Head of Research and Chief Economist at Absa Bank, Jeff Gable, is billed to speak at the Citi Business Festival’s Cedi Summit slated for June 27, 2022. Mr. Gable will speak on the topic – “The Global Economy: Challenges & Prospects” at the economic summit being organised by Citi TV/Citi FM. He will join…
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#CitiBusinessFestival: Forum on surviving uncertainties of consumer markets comes off today
The Citi Business Festival’s forum on surviving the uncertainties of consumer markets will be held today, June 21, 2022, on Citi TV from 11:00am to 1:00pm. This will be the fourth forum to be organised since the festival began this month, June 2022. Join us on Citi TV with our esteemed panellists as we discuss…
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A law that will compel banks to lend to Agric sector players being considered – Min. of Agric
The Minister of Food and Agriculture has called out the banking sector for the poor level of support it has given to Ghana’s agriculture sector over the years. Despite the improvement in credit to the private sector in the past few months as economic activity picks up, the Agriculture sector in addition to Forestry and…
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National Unemployment Insurance Scheme training launched
Government has launched the Training and Retraining component of the National Unemployment Insurance Scheme (NUIS) to upgrade the skills of 15,000 Ghanaians with employable skills and facilitate their re-entry into productive sectors of the economy. The scheme, under the Ghana Cares ‘Obaatanpa’ programme, is to serve as a mitigating measure for unexpected future events such…
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#CitiBusinessFestival enters week 4: Focuses on surviving uncertainties of consumer markets
The Citi Business Festival continues this week with conversations on surviving the uncertainties of consumer markets. The double economic crises of the lingering COVID-19 pandemic and the effects of the Russia-Ukraine war are driving changes in consumer behaviour globally. In Ghana, the situation is not different as this could have long-lasting effects as inflation, exchange…
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Prof. Peter Quartey, Ofosu-Dorte and Jeff Gable to speak at Citi TV’s Cedi Summit
The Citi Business Festival’s Cedi Summit has lined up three speakers of repute in the world of banking, economics and law. The June 27 event at the Alisa Hotel will be headlined by Jeff Gable, the Head of Research and Chief Economist at ABSA; Prof. Peter Quartey, the Director of the Institute of Statistical Social…
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#CitiBusinessFestival: Many Ghanaian businesses not Africa-focused – Ofosu-Dorte
A senior partner at AB & David, David Ofosu-Dorte, says many Ghanaian businesses have limited their focus to operating only in Ghana unlike their counterparts in other parts of the continent. He said comparatively, Ghana ranks low in Africa on the number of its businesses that have penetrated other African markets. Speaking on the on-air…