Category: News
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TECNO Mobile launches Camon 11,11Pro
Global premier mobile phone brand TECNO Mobile has launched two new smartphones CAMON 11 and CAMON 11 Pro offering users bright and clear selfies with high quality. These novelties are the latest to join the popular CAMON series, which already includes the CAMON X and CAMON CM models, and will delight fans of the self-portrait…
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Black Friday starts today as shoppers get ready
Majority of shoppers across the world will experience some level of reduction in the prices of products they purchase from today. This follows the rolling out of the Black Friday by majority of retail shops as well as e-commerce portals in the country. The move is expected to lead to discount deals of between 10…
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‘We are not in an era of dumsor’–Senior Minister
Senior Minister Yaw Osafo Maafo has assured that the country will not go back to the power rationing era, popularly known as “Dumsor”. According to the minister, Ghana has enough gas to supply the power generation plants, hence, will not return to the Dumsor era. Recently, there have been reports of power outages in parts…
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BoG to publish names of staff involved in collapse of 7 banks
The Bank of Ghana has said it is soon going to publish a report that will show members of the central bank who played a role in the collapse of the seven banks. The move is aimed at helping the Bank of Ghana promote ethical behavior among its staff. Speaking to journalists on the second…
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Customer service very poor in Ghana—Report
A latest Customer Service Index has described customer service delivery in the country as very poor. The survey conducted by the Institute of Customer Service Professionals was carried out across various sectors including Financial, utilities, Telecommunications, Hospitality, Healthcare, Retail malls, Public Institutions and online businesses. It revealed that public Institutions especially utility providers were the…
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Solving Ghana’s land crisis: World Bank gives $35m support
The World Bank has approved a $35 million International Development Association (IDA) to support the Government of Ghana’s efforts in improving services and efficiency at the Lands Commission. This is an additional funding to the second phase of the Ghana Land Administration project (LAP2). It will help improve the effectiveness of the Customary Land Secretariats…
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Court remands uniBank employee over GH₵11.2m fraud
Kwame Osei Yeboah, an employee of the defunct uniBank who was absorbed into Consolidated Bank Ghana Limited (CBG), accused of illegally transferring GH₵11.2 million of depositors’ money to some microfinance companies, has been remanded into police custody by an Accra Circuit Court. He is to reappear on December 4, 2018. Presenting the facts to the…
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GN Bank, Premium Bank in merger talks again
Information available to Citi Business News indicates that GN Bank and Premium Bank have recommenced merger talks. The two banks are seeking to merge before the end of the year. This is also to allow them meet the December deadline for the new 400 million cedis minimum capital requirement. The two companies are likely to…
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adb workers want President to pull breaks on merger with NIB
The Professional and Managerial Staff Union (PMSU) of adb has petitioned President Akuffo Addo to intervene in the planned merger of adb and NIB into one entity. The workers’ union is protesting the creation of a National Development Bank through a merger of the two state owned banks. Meanwhile the Minister of Finance says the government is yet…
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22 banks likely to meet new capital requirement—Consultant
With less than six weeks to the end of the December 31st deadline for banks to meet the central bank’s minimum capital requirement, a banking consultant Nana Otuo Acheampong says he is not expecting more than 22 banks by next year. The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison stated at the…