Category: Top Stories
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COVID-19: Businesses urged to invest in rapid antigen test kits for their staff
The Bureau of Public Safety has admonished businesses in the country to procure COVID-19 Rapid Antigen test kits for their workers. According to the Bureau, this would provide real-time information on the statuses of staff and help stop the spread of the virus in work environments. Speaking to Citi Business News, Executive Director of the…
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Databank’s Alex Boahen advocates for more education on Ponzi schemes
Amidst the growing concern about the operations of Ponzi schemes in the country, the Head of Research at Databank, Alex Boahen, has reiterated the need for more investor education by the regulators. This follows the recent conclusion by the Economic and Organised Crime Office (EOCO) that Chy Mall, under which Chy Century Heng Yue Group…
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We’ll settle debts to LBCs in the coming weeks – COCOBOD
The Public Affairs Manager of the Ghana Cocoa Board (COCOBOD), Fiifi Boafo has assured that his outfit will in a few weeks secure about $200 million dollars to settle the arrears owed some License Buying Companies (LBCs) and farmers across the country. This follows yesterday’s summoning of the CEO of COCOBOD, Joseph Boahen Aidoo by…
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Africa Legal Associates completes engagement with Imara on monetization of gold royalties project
Ghanaian legal firm Africa Legal Associates (ALA) has completed its engagement with Southern Africa consulting firm Imara Corporate Finance on the monetizing of Ghana’s gold Royalties Project, also known as the Agyapa project. Imara is a corporate finance consulting firm engaged by Ghana’s ministry of finance as transaction advisor for the Agyapa agreement. ALA was…
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GUTA urges ECOWAS members to fully comply with trade laws
In order to resolve trade impasses between countries in the West African sub-region, President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, has asked all stakeholders to follow the appropriate laws governing trade among the states. Citing the example of the recent impasse between Ghanaian and Nigerian traders, Dr. Obeng believes obeying…
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Reduction in cost of debt critical as figure rises to nearly 75% of GDP – Economist
As Ghana’s debt stock continues to rise, reaching about 75 percent of GDP in the first eleven months of 2020, an economist with Databank, Courage Martey has charged managers of the economy to prioritize reducing the cost of debt going forward. What is noteworthy according to the 2020 mid-year budget statement is the fact that…
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COVID-19: Tourism Chamber welcomes reduction of PCR test fee for ECOWAS members
The Chamber for Tourism Industry Ghana has lauded President Akufo-Addo’s recent announcement of a reduction in the cost of COVID-19 testing for all nationals of ECOWAS to $50. In an interview with Citi Business News, Chief Executive Officer of the chamber, Prince Ntiamoah-Boampong stressed that a further reduction for all is imperative to revive the…
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Aker Energy appoints Kadijah Amoah as CEO of Aker Energy Ghana Limited
Aker Energy AS has promoted Country Director, Mrs. Kadijah Amoah as Chief Executive Officer, CEO, of Aker Energy Ghana Limited, effective 4 January 2021. In a statement issued by the company, CEO of Aker Energy AS, Håvard Garseth, notes that, the move shows Aker Energy’s commitment to become a fully Ghanaian operator managed and run…
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Don’t invest in Chy Century Heng Yue; it’s a Ponzi scheme – EOCO cautions Ghanaians
The Economic and Organised Crime Office (EOCO) has warned the public against doing business with a Chinese Company called Chy Century Heng Yue Group Limited and Sairuir-Commerce Ghana Limited. In a statement, EOCO said it had been monitoring the company since the middle of 2020 and has concluded it is a Ponzi scheme. “The company…
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COVID-19: Event vendors lament impact of new restrictions on their businesses
Following President Akufo-Addo’s ban on all large social gatherings, the Event Vendors Association of Ghana has bemoaned the massive effect on their business. The group is particularly concerned about its members and clients who have already invested heavily in events scheduled for the next couple of days. The announcement by the president during his 23rd…