Category: News
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adb embarks on expansion drive in Ashanti & Northern regions
ADB Bank is to commence the financing of selected projects in the Ashanti and Northern regions. This will also see the bank expand its branch network to the two regions. A statement from ADB to Citi Business News said, “the bank’s new focus is to work with small and medium size indigenous businesses with the…
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Ghana Reinsurance pays GH¢9m dividend to government
The Ghana Reinsurance Company has paid a dividend of 9 million cedis to the government of Ghana. The payment represents a 50% increase over year 2016 dividend payment to government. The payment comes at a time when the Minister for Lands and Natural Resources has called on companies to ensure they pay dividend to government…
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Mcdan Group CEO wins CIMG Man of Year
The Chief Executive of Mcdan Group, Daniel Mckorley and Managing Director of Internet Solutions, Yvette Atekpe have been named Marketing Man of the year and Marketing Woman of the year, respectively by the Chartered Institute of Marketing, CIMG awards. They were named at an even organized by the CIMG over the weekend. Mr. David Afflu…
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COCOBOD to announce new cocoa prices today
The Ghana Cocoa Board will later today announce a new producer price for cocoa. The new figure will be the benchmark at which cocoa beans will be purchased from cocoa farmers. For the just ended crop season, COCOBOD kept the price of a tonne of cocoa unchanged, at 7,600 cedis. It is unclear whether the…
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Passion Air secures second aircraft for Accra-Tamale route
Passion Air has taken delivery of its second aircraft for its operations. The airline which is the latest to join the domestic aviation space will now expand its routes with the new aircraft. The new aircraft comes a little over a month into the start of operations by Passion Air. The aircraft also heralds the…
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Zenith Bank walks to mark 13th year in Ghana
Zenith Bank has held its annual health walk to mark the company’s 13 years of operating in Ghana. The event which took place at the bank’s new head office at the Independence Avenue in Accra, saw scores of staff, customers, members of the public as well as affiliated institutions walk through some principal streets of…
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![Women in cocoa production bemoan lack of credit [audio report]](https://citibusinessnews.com/wp-content/uploads/2017/05/cocoa-1.jpg)
Women in cocoa production bemoan lack of credit [audio report]
Some women stakeholders in Ghana’s Cocoa industry have blamed poor access to credit as the main challenge hindering their improved contribution to the cocoa industry. According to them, the low level of ownership of cocoa farmlands by women prevent them from getting credit from financial institutions. The comments were made at the official launch of…
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IMF blames cedi’s woes on weak communication
The International Monetary Fund (IMF) has stated that the lack of effective communication by the government on foreign exchange policies, has partly contributed to the cedi’s depreciation. The Fund believes that the lack of clarity also made the public resort to speculations which impacted the local currency’s performance. A report issued by the IMF’s mission…
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Samsung Ghana launches 3 products onto Ghanaian market
Samsung Ghana limited has launched three new products onto the market. The products are, a Refrigerator, an Air Conditioner and a 2018 QLED TV. In an interview with Citi Business News, Director for Consumer Electronics and Business Leader, Samsung Electronics West Africa Vishwas Saxena said the new products introduced are designed to give consumers utmost…
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Occupants of Trade Fair to vacate facility by year end
All occupants of the Trade Fair site are to vacate the premises by the end of this year; 2018. This management says is to allow for work to begin on site. Trade fair has for some time now stated their intentions to revamp the facility to restore the once vibrant trading hub. Chief Executive Officer…