Category: Top Stories
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WhatsApp, Facebook and Instagram hit by worldwide outage
Social media services Facebook, Whatsapp and Instagram have been hit by a worldwide outage. The three social media services, all owned by Facebook, run on a shared back end infrastructure and for hours on Monday could not be accessed over the web or smartphone apps. The situation has since left users of the platform across…
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Rural Banks working to reduce cases of fraud – ARB Apex Bank
The ARB Apex Bank Limited, which serves as a “mini” central bank for Rural & Community Banks (RCBs) says the increase in different types of fraud in rural banks is a course for concern. According to the Bank of Ghana’s Banks & SDI Fraud Report for the year 2020, Banks and rural community banks recorded…
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Registrar General’s Department to delist over 100,000 companies
The Registrar General’s Department, RGD, has served notice to the Business Community and the general public that it has begun the delisting of dormant companies from the Companies Register. The delisting process is commencing with 3,100 companies being taken off the Companies Register. In a statement signed and copied to Citi Business News, the Registrar…
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Unregistered SIM cards after 6-month deadline will be deactivated – Ursula
Days into the SIM card registration exercise, the Minister of Communications and Digitalisation, Ursula Owusu-Ekuful has reiterated that all persons and businesses that fail to register their SIM cards by the end of the 31st March 2022 deadline, will have themselves to blame. According to her, unregistered SIM cards used by individuals and businesses after…
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Usage of digital scales for weighing cocoa to take effect on October 8
Effective Friday, October 8, 2021, all Licensed Buying Companies (LBCs) in Ghana will be obliged to use digital weighing scales to measure the weight of cocoa being purchased by farmers. The introduction of this electronic means of weighing cocoa beans is to curb the practice where LBCs and Purchasing Clerks adjust their scales to cheat…
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Stop closing Nigerian shops as we work to resolve impasse – Trade Ministry to GUTA
The Ministry of Trade and Industry has cautioned the Ghana Union of Traders Associations to refrain from locking up any more shops belonging to Nigerians who are operating in Ghana’s retail space. This follows the setting up of a joint taskforce composed of the Ghana Union of Traders Associations (GUTA) and the Nigeria Union of…
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Producer price of cocoa for 2021/2022 crop season maintained at GHS660 per bag
The Producer Price Review Committee on cocoa has maintained the Producer Price of the commodity for 2021/2022 season at GHS10,560 per tonne . Effective Friday, October 8, 2021, the maintained producer price indicates that a bag of cocoa remains GHS660 per 64 kilogram gross weight. According to the Minister for Food and Agriculture, Dr. Owusu…
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BoG establishes Financial Industry Security Operating Centre to reduce cyber fraud
Bank of Ghana is seeking to significantly reduce Automatic Teller Machine (ATM) and cyber-related fraud with the setting up of a Financial Industry Security Operating Centre, to ensure a safer cyberspace for the banking sector in Ghana. The assurance follows a rise in the number and value of ATM fraud cases and other types of…
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Government partners Swiss company, Halba to add value to raw cocoa beans
The government of Ghana is hoping to collaborate with the Swiss government in adding value to cocoa. The partnership with the Swiss government will minimize the export of raw cocoa beans and cocoa products and improve the livelihoods of cocoa farmers. This comes on the back of the Cocoa Sustainability Initiative by one of Switzerland’s…
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Transport Minister inaugurates GPHA and ISTC governing boards
The Minister for Transport, Kwaku Ofori Asiamah, has tasked the newly inaugurated Boards of the Ghana Ports and Harbours Authority and Intercity STC Coaches Limited to always ensure harmonious relationships with the Chief Executive Officers and other executives of the companies. Lamenting past instances where executives of companies fail to work hand in hand with…