Category: Top Stories
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Politics, uncoordinated actions slowing Ghana’s investment potentials – Ofosu-Dorte
Ghana is not standing tall as a fine investment spot among its counterparts on the African continent, mainly due to politics. Not only is partisan politics affecting the country’s investment potentials, but also the “lack of coordinated thinking and action”, a Senior Partner of AB & David Africa, David Ofosu-Dorte has said. For him, the…
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Citi Business Festival’s Ghana opportunity forum comes off today
The Citi Business Festival’s forum on understanding the Ghana opportunity will be held today, June 14, 2022, on Citi TV. This will be the third forum to be organised since the festival began this month, June. Join us on Citi TV with our esteemed panellists as we discuss ways of ‘understanding the Ghana opportunity.’ The…
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Economist calls for a review of the PFJ to help curb inflation
As the rise in food prices coupled with a rise in transport-related prices continues to push national inflation up, calls are being made for a relook at some key government policies. According to some stakeholders, the high inflation rate of some local food items cannot be accepted when we have agriculture-focused programs like planting for…
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DBG will not shift its focus from its core mandate – CEO assures
Management of the Development Bank Ghana has re-assured that several stringent measures have been put in place to ensure the success and independence of the yet-to-be-launched Development Bank Ghana (DBG). Government established the DBG as a development finance institution (DFI) with the mandate to support economic transformation in Ghana. The bank is expected to ease…
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Access Bank opens agency at Accra Technical University
Access Bank has commissioned a new Agency Banking network at the Accra Technical University (ATU) in Accra. This is in line with the Bank’s vision of becoming the world’s most respected African Bank through strategic expansion and retail dominance. Through this expansion drive, Access Bank has brought banking operations close to the doorsteps of the…
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#CitiBusinessFestival enters week 3: Focuses on understanding the Ghana opportunity
The Citi Business Festival continues this week with conversations on understanding the Ghana opportunity. Despite being a leading destination for foreign investment in West Africa, Ghana is faced with challenges such as rising debt levels, a deteriorating business climate, among others. It is against this background that the 2022 Citi Business Festival, in its third…
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Ghana gets $1bn pledge from banks to spur finances
International banks have pledged to lend Ghana $1 billion for budget purposes and to boost central bank reserves as the country seeks to cut its fiscal deficit and stabilize the local currency. This is according to Bloomberg. The country raised $750 million through syndicated loans with the participation of about eight African and European banks…
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Citi Business Festival’s Cedi Summit scheduled for June 27
The Citi Business Festival’s Cedi Summit will come off on June 27, 2022, at the Alisa Hotel. The Cedi Summit is a one-day Economic Summit being organised by Citi TV in partnership with the Institute of Statistical, Social and Economic Research (ISSER) and ABSA Bank Ghana, as part of the 2022 Citi Business Festival, that…
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All hands must be on deck to bring Ghana’s economy back on track – BoG
With the world economy, including Ghana’s, dealing with the aftershocks of the COVID-19 pandemic and the challenges being posed by the ongoing Russia-Ukraine war, stakeholders in Ghana including the government, the Bank of Ghana, businesses as well as the media are being charged to actively and effectively play their roles to build confidence and facilitate…
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Economist advocates targeted fiscal policies to help deal with rising inflation
Economist with Databank, Courage Martey, believes the time for targeted fiscal policy interventions like subsidies for key sectors like Agriculture to check the rising rate of food prices which feeds into food inflation and national inflation is now. While the contribution of food and non-alcoholic beverages to national inflation saw a reduction by 1.6 percentage…