Category: News
-
IMF warns government against over borrowing
Managing Director of the IMF, Christine Lagarde has warned government against excess borrowing, stating that it could derail economic gains achieved by the country. Madam Largarde is in the country for a two-day visit to complete processes for Ghana’s exiting of the programme with the IMF. Speaking at a conference organized by her outfit in…
-
CAL Bank gets shareholders’ backing to meet minimum capital
Shareholders of CAL Bank have voted for the bank to move 50 million cedis from its income surplus to stated capital in order to meet the minimum capital requirement. This was at an Extraordinary General Meeting held on Monday [December 17, 2018]. This also follows the bank’s decision to solely rely on capitalization of income…
-
![How a credit card differs from a debit card [Article]](https://citibusinessnews.com/wp-content/uploads/2018/12/credit-cards-1.jpg)
How a credit card differs from a debit card [Article]
At this point, I am confident that the haziness that clouded the knowledge of credit cards has been cleared somewhat. However, how the card differs from a debit card is still an issue for many and in this article, I will attempt to clarify the differences, beginning with some scenarios. Scenario One Kojo’s wife had…
-
Dubai launches first commercial 5G wireless network
Dubai is set to lead the world’s path to the use of 5G network. This is in line with the country’s vision of becoming a global reference point for technology innovation. The new 5G technology will be rolled out by Etisalat. The system which was launched in May 2018, makes Etisalat the first telecom operator…
-
First National Bank saving tips for Christmas
Are you spending thoughtlessly because it’s Christmas? This festive season, many of us may be guilty of spending without thinking, however, if you never pay attention to the money you are spending it can soon lead to real financial problems. That is why you should not surprise yourself with your expenses during this Christmas. “Thoughtless…
-
Contractors demand payment for 2 billion cedis arrears
Contractors are demanding quick payment of their outstanding arrears. This is despite government’s announcement that it will release 2 billion cedis to settle some arrears owed them early next year. According to the Chamber of Construction Industry, its members are still struggling to defray loans they took from banks to execute government projects as interest…
-
IMF’s Christine Lagarde starts two day visit to Ghana
The Head of the IMF, Christine Lagarde is in Ghana for a two day visit. Her coming is ahead of the nation’s exit from the Fund by the end of this year. Madam Christine Lagarde’s visit is viewed by some analysts as symbolic as it may signify the Fund’s impression with Ghana’s overall performance under…
-
Parliament approves GH¢1.2 billion for GRA in 2019
Parliament has approved an amount of about 1.2 billion cedis for the Ghana Revenue Authority (GRA) for the 2019 financial year. According to the Finance Committee of Parliament, the amount is necessary to help the GRA with its pursuit of registration and issuance of Taxpayer Identification Numbers [TIN] as well as other means the authority…
-
Enforce rules after lifting ban on small scale mining–Mineworkers union
The Ghana Mineworkers’ Union has urged government to ensure that the new policy that has been launched to guide small scale mining activities in the country, is followed. This they say will ensure that Ghana does not return to the days of mass pollution of its water bodies. The Chairman of the Inter-ministerial committee on illegal mining,…
-
Small scale businesses benefits pension contribution
The Association of Small Scale Industries has began processes with National Pensions Regulatory Authority to ensure its members benefit from pension as well as access to funds to grow their businesses. This, the association says is key in addressing the major challenges of the businesses which include access to funds to enhance their operations. Members…