Category: Top Stories
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![Russia-Ukraine war will stall sale of cocoa products to both countries – COCOBOD [Video]](https://citibusinessnews.com/wp-content/uploads/2021/01/cocoa-seeds.jpg)
Russia-Ukraine war will stall sale of cocoa products to both countries – COCOBOD [Video]
As the Russia – Ukraine war rages on, the impact on regional economies, especially those who export products to the two countries, is being felt. In Africa, countries dependent on commodities like wheat, oil, and fertilizer components, among others, are also feeling the pinch. In Ghana, the impact of a barrel of Brent Crude rising…
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Ghana Mineworkers Union discredits news of defection of 500 junior staff
The Ghana Mineworkers Union of the Trade Union Congress has refuted claims that some 500 junior staff of Newmont Ahafo and Akyem have resigned from the union to join another union. Some media reports were indicating that the staff had shifted camp to become members of a union calling itself the Extractive Industry Workers’ Union.…
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Block chain’s success will depend on supportive policy environment – Prof. Quaynor
Regulatory agencies such as the Bank of Ghana and other stakeholders within the digital space to create a conducive environment to support local firms that want to invest in crypto-currency and digital currency services before the market is captured by international operators. This is according to the Chief Executive of Ghana Dot Com, Prof. Nii…
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World Bank supports Ghana with GH¢42M to pay LEAP arrears to beneficiaries
The World Bank on Monday, April 4, 2022, released GH¢42 million through the Ghana Productive Safety Net Project 2 (GPSNP 2), to support the Government of Ghana (GoG) to pay two cycles of arrears—75th and 76th cycles—of the Livelihood Empowerment Against Poverty (LEAP) for 344,000 beneficiary households. The ongoing global economic challenges, which have been worsened by…
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SOEs record ¢2.61 billion loss in 2020 – Report
Latest data from the 2020 State Ownership Report reveals that State Owned Enterprises (SOEs) recorded an aggregate loss of ¢2.61 billion in 2020. This represents nearly 50% improvement over the 2019 aggregate loss of ¢5.16 billion. Despite the progress made, the 2020 Report which is based on 132 SEs in total (47 SOEs, 17 JVCs,…
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Ghana loses over GH¢50m in quarry royalties – MIIF
The Minerals Income Investment Fund (MIIF) says Ghana loses over GH¢50 million annually in royalties from quarry due to the country’s over-concentration on gold resources. The Chief Executive Officer of MIIF, Edward Nana Yaw Koranteng who said this at the opening of the 2022 Ghana Mining Week and Gold Expo in Takoradi said quarry should…
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We’ll do what is possible for implementation of E-levy next month – Telecoms Chamber
The Chief Executive of the Chamber of Telecommunications, Ing. Dr. Kenneth Ashigbey, says telecom operators will do their best to ensure the required systems are put in place to collect the E-levy. He said he is uncertain if they will be able to finish the process within the one-month window. Speaking on the Citi Breakfast Show on…
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Bawumia unveils joint venture companies under DIHOC
Vice President Dr. Mahamudu Bawumia has inaugurated twelve (12) joint venture production companies under the Defence Industries Holding Company Limited (DIHOC) of the Ghana Armed Forces (GAF), with a call on the business community to venture more into such collaborations with the armed forces. “[It is] Interesting, and it is very important [to know that],…
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European Union, Ghana launch €203M joint programme
The European Commissioner for International Partnerships, Ms. Jutta Urpilainen, and the Minister of Finance, Mr Ken Ofori-Atta, officially launched the Multiannual Indicative Programme for Ghana for 2021-2027 on Thursday, March 31, 2022. The ceremony took place during the Commissioner’s visit to Ghana on 30 and 31 March. A representative from the Ministry of Agriculture, Ambassadors…
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Ghana Card to improve pensions penetration – SSNIT
The Social Security and National Insurance Trust (SSNIT) says the introduction of the Ghana Card will revolutionize the pensions sector and increase pension penetration in the country. Director-General of SSNIT, Dr John Ofori-Tenkorang stated that the introduction of the Ghana cards will make it easier to enroll people into the pension scheme as data on…