Category: Top Stories
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Support women-led businesses to ensure success of AfCFTA – Kosi Yankey
Chief Executive of the Ghana Enterprises Agency, Kosi Yankey-Aryeh, is calling on African leaders and private sector players to sponsor regulations that seek to sponsor women businesses on the continent. According to her, the formalisation of women-led businesses and entrepreneurship is essential to ensure that the African Continental Free Trade Agreement, AfCFTA, becomes successful. Speaking…
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Implement law to get food products fortified – AGI to government
Vice President of the Association of Ghana Industries (AGI), Humphrey Ayim Darke says government should come up with a law that will compel food processing and beverage companies to fortify their produce. According to him, such a move is necessary to improve upon the quality of local products and also be more competitive in the…
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Report on Vincent Bolloré gaining control of Ghana’s ports ‘defective’ – Former GPHA Boss
A former Director-General of the Ghana Ports and Harbours Authority (GPHA), Richard Anamoo, has discredited a report published by Africa Confidential which suggested that French billionaire, Vincent Bolloré has taken full control of the country’s ports. The special report accused Bolloré of underhand dealings by using his firm, Bolloré Africa Logistics to win a contract…
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MTN introduces new feature to validate IDs during MoMo transactions
MTN Mobile Money Limited has introduced an additional security feature that allows its agents to verify the identity of customers who come to withdraw money with ID cards. This comes after agents across the country had their SIM cards blocked because they keyed in incorrect ID numbers from customers. CEO of Mobile Money Limited, Eli…
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Banks urged to meet BoG criteria for dividend payment to shareholders
Banking Consultant, Nana Otuo Acheampong has urged banks to work assiduously to satisfy the six minimum criteria set by the Bank of Ghana as preconditions for the payment of dividends to their shareholders. The Central Bank in a new notice to Banks and Special Deposit Taking Institutions (SDI’s), urged the institutions to desist from declaring…
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Ghana hasn’t been downgraded to low income status – Finance Ministry
The Ministry of Finance has clarified that the classification of Ghana as a low-income developing country in the International Monetary Fund’s (IMF) April 2021 Fiscal Monitoring document is not a downgrade. “We wish to state that Ghana continues to be categorised as a ‘Lower-Middle Income Economy’ based on the widely-recognised classification of the World Bank…
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![Kumasi: MoMo merchants protest over MTN’s decision to block their SIM cards [Video]](https://citibusinessnews.com/wp-content/uploads/2021/04/momo-agents-at-kumasi-office.png)
Kumasi: MoMo merchants protest over MTN’s decision to block their SIM cards [Video]
Some mobile money merchants in the Ashanti Regional capital, Kumasi, on Tuesday massed up at one of MTN Ghana’s main offices after the company blocked the SIM cards they use for their businesses. According to MTN Ghana, the affected agents failed to comply with the rules and regulations of its newly introduced ‘no ID card,…
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Run a credit system for SHSs – Buffer stock to poultry farmers
The National Food Buffer Stock Company is encouraging poultry farmers to adopt a credit system that will enable the management of Senior High Schools across the country to patronize their products. According to the buffer stock company, this arrangement will be suitable for the heads of various schools who might not have the cash to…
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Plans on course to revamp Ghana’s railway sector – Amewu
Minister for Railways Development, John Peter Amewu has expressed the government’s commitment to reviving and ensuring a vibrant railway sector in the country. According to him, the level of resources the Akufo-Addo government has committed to the sector is a clear indication of its drive to rejuvenate the industry. “The President mentioned in his inaugural…
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Invest borrowed money into productive activities – Prof. Quartey to government
As the discussion around the International Monetary Fund’s (IMF) classification of Ghana as a low income developing country continues, the Head of the Institute for Statistical, Social and Economic Research (ISSER), Professor Peter Quartey has called on the government to focus on building a resilient economy that will thrive after the COVID-19 pandemic is dealt…