Category: News
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Access Bank Ghana appoints new Managing Director
Access Bank (Ghana) Plc. announces the appointment of Mr. Olumide Olatunji as its new Managing Director, effective December 5, 2018. He replaces Mr. Ifeanyi Njoku who has now taken up a new role within the Access Bank Group to support the Bank’s expansion drive in line with its new 5-year strategic growth plan. His appointment…
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![Business of Christmas: Big retail shops intensify competition [audio report]](https://citibusinessnews.com/wp-content/uploads/2018/12/West-Hills-Mall-1-1-1.jpg)
Business of Christmas: Big retail shops intensify competition [audio report]
The season of Christmas comes with many changes. For most businesses it’s that period of the year when they get to make up for lost sales or rake in extra revenue. In the second of our “Business of Christmas Series”, Citi Business News takes a look at the big retail shops and the steps they…
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ADB is not delisting from stock market – Kofi Yamoah
The managers of the Ghana Stock Exchange have dismissed claims that ADB is planning to delist from the stock exchange. There have been reports that the new majority shareholders of ADB had taken the decision. But the Managing Director of the stock exchange, Kofi Yamoah insists that is not the case. “I have been privy…
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Fidelity bank appoints Julian Kingsley Opuni as new MD
Fidelity Bank has appointed Julian Kingsley Opuni as its new Managing Director. His appointment took effect on December 1st 2018. Mr. Opuni takes over from Jim Baiden who retired as the MD of the bank in October 2018. Until his appointment, he was the Deputy Managing Director; a position he held since November 2017. Julius Kingsley…
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First Atlantic Bank donates Mother, Baby Unit to Talensi District Hospital
First Atlantic Bank today has donated a fully equipped Mother and Baby Unit to the Talensi District Hospital in Tongo. In a welcome address by Regional Director of Health service, Dr Winfred Ofosu, enumerated some of the challenges facing the hospital particularly services to newborn and maternal care. He expressed his profound gratitude on behalf…
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Vodafone partners Citi FM’s Decemba 2 Rememba concert
Vodafone Ghana has entered into a partnership with leading media establishment, Citi FM, to deliver this year’s “Decemba 2 Rememba” music concert. A statement copied to Citi Business News said no Telecoms company has maintained such consistency in Ghana’s music industry like Vodafone Ghana. From handling the most definitive music entertainment stage in the country…
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Business of Christmas: Secondhand cloth dealers lament low sale
With few days to the Christmas, dealers in secondhand children clothing are complaining of low sales. A visit to the Makola and Kantamanto markets in the central business district of Accra, revealed that the sale of both brand new and secondhand clothing for children is yet to see some boost. At the Makola market, several…
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EOCO retrieves GHC51m for GRA
The Economic and Organized Crime Office (EOCO) says it has recovered over GHC 51 million for the Ghana Revenue Authority(GRA), from corrupt individuals and businesses in 2018. Speaking at a Multi-Stakeholder Business Integrity Breakfast meeting in connection with the Anti-Corruption and Transparency Week, the Executive Director of EOCO, K. K Amoah stated that, with the…
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Restriction of medicine imports: Local producers demand enforcement
Local pharmaceutical companies have made fresh appeals for the government to enforce the policy on restricted imports of some medicines which are produced locally. They complain that some people are sidestepping the policy which is affecting their business. The restriction on the importation of medicines produced locally, was introduced in 2017. The policy covers 49…
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First National Bank to rely on parent company to meet capital requirement
First National Bank Ghana, has announced that its parent company FirstRand Limited in South Africa will help the bank meet the new minimum capital requirement of Four Hundred Million Cedis. A statement from the bank copied to Citi Business News said, “First National Bank is committed to serving the needs of our customers in Ghana”…