Category: Top Stories
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Public urged to seek support on use of GhQR code to promote cashless agenda
Members of the public who are still not sure how to access the GhQR for payments, should speak to their banks for assistance, Mr Archie Hesse, the Chief Executive of Ghana Interbank Payment and Settlement Systems (GhIPSS), has advised. GhIPSS, a subsidiary of the Bank of Ghana, introduced the GhQR as part of efforts to…
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Resolve high interest rate concerns – Akufo-Addo urges new BoG board
President Nana Akufo-Addo has charged the new board of the Bank of Ghana to interrogate the issue of high interest rates in the country. According to the President, a low interest rate for businesses in the country is critical for ensuring that Ghanaian businesses become and stay competitive. The President made the remarks at the…
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Piloting of Pan African Payment and Settlement System to end in December
The pilot of the Pan African Payment and Settlement System (PAPSS) will be completed by December 2021. This is according to the Executive Vice President of the Afreximbank, Denys Denya. Already, the testing process is happening in six African countries and will soon be implemented to boost trade in Africa. Giving updates on the system,…
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Prof. Eric Osei Assibey, Angela Kyerematen-Jimoh join new BoG Board
President Akufo-Addo has sworn in Senior Lecturer at the Department of Economics of the University of Ghana, Professor Eric Osei Assibey and Executive Director/Regional Head for IBM North, East and West Africa, Angela Kyerematen-Jimoh, as new members of the reconstituted Governing Board of the Bank of Ghana (BoG). The swearing-in ceremony was held at the…
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Access Bank posts strong performance for 2021 first half
Access Bank has recorded a strong growth in its financial performance for the first half of the year, with a 16% and 12% growth in its net interest income and profit before tax respectively. This was revealed at its annual “Facts behind the Figures” virtual session, held recently. “Facts behind the Figures”, an event organized…
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COCOBOD achieves new record, targets 1.06 million tons to end 2020/2021 season
The Chief Executive Officer of the Ghana Cocoa Board, Joseph Boahen Aidoo, says he is optimistic the country will produce more than one million metric tonnes of cocoa for the 2020/2021 crop season. As of August 19, 2021, COCOBOD, has already exceeded the years’ target of 900,000 metric tonnes. With about five more weeks for…
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![Onion traders at Adjen Kotoku hopeful of boom in sales in December [Video]](https://citibusinessnews.com/wp-content/uploads/2021/08/Onions.jpg)
Onion traders at Adjen Kotoku hopeful of boom in sales in December [Video]
The vegetable crop onion is the third-largest vegetable crop in Ghana, after tomatoes and chilli pepper. Onion is produced predominantly under rain-fed conditions, which accounts for 75 percent of the annual crop. It also has tremendous market potential in Ghana. It is consumed widely across all households, while the country’s expanding hospitality industry also offers…
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Food prices likely to drop by end of August – Esoko Ghana
After several weeks of increases in food prices on the market, consumers should expect some stability and price reductions by the end of this month, August 2021. This prediction was made by commodity analyst, Esoko Ghana. The consistent increases in food prices over the past weeks have left many households and businesses worried. In an…
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GUTA calls for collaboration with government on 1D1F
The Ghana Union of Traders Association (GUTA) is calling on the government to align the trading community to its one district one factory initiative. GUTA argues that as traders, they can play a significant role in the success of the program, adding that they can serve in the distribution of products from the factories. President…
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Dr. Osae defends concerns Auditor-General raised against GNPC’s international transactions
The Director-General of the Internal Audit Agency, Dr. Eric Oduro Osae has disagreed with the Ghana National Petroleum Corporation’s (GNPC) assertion that the requirement to seek parliamentary approval for some five international transactions, referred to in the 2020 Auditor-General’s report, does not apply to the corporation. The Auditor-General indicted the GNPC for signing and awarding…