Category: Top Stories
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Chartered Institute of Bankers launch code of ethics to curtail fraud
The Chartered Institute of Bankers, Ghana (CIB) in collaboration with the Bank of Ghana (BoG) and the Ghana Association of Bankers (GBA) has launched the Ghana Banking Code of Ethics and Business Conduct. This forms part of efforts to reduce the number of fraud cases perpetrated by employees within the banking industry. Speaking at the…
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Green Ghana project set to train 300 women in Ghana
As part of efforts to grow Ghana’s green economy, the European Union and its development partners are set to train 300 women in Kumasi, Koforidua and Accra into gainful employment either as entrepreneurs or qualified personnel in plastic recycling, organic waste management or sustainable forestry under the Green Economy Ghana Project. At least 70 companies…
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Avoid using harmful pesticides in cocoa production to protect farmers – Group advocates
A new research conducted by Conservation Alliance of Ghana, analyzing the social and environmental challenges within the cocoa sector is calling for less application of pesticides to protect farmers and also avoid a global ban on Ghana’s cocoa beans. According to the research, pesticides such as Confidor and Condo, used mainly in cocoa farming, are…
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Ghana cannot be energy sufficient without a working refinery – Energy consultant
Energy Consultant, Dr Yussif Sulemana, says in order for Ghana have energy security it must begin processing its own crude oil. Speaking to Citi Business News, on the sidelines of a workshop organized the Chamber of Petroleum Consumers (COPEC) on the country’s energy sector, Dr Sulemana said the country cannot have secured and reliable energy without…
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AGI calls for establishment of Industrial Bank
The Association of Ghana Industries is calling on government to speed up processes for the establishment of an industrial bank. According to the AGI this would help address the challenges of access to funding its members face. Speaking to Citi Business News, Director of Business Development Services, Johnson Opoku-Boateng, said government ought to come through…
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Deposits of commercial banks grow steadily despite impact of COVID-19 – BoG
The latest Summary of Macroeconomic and Financial Data from the Bank of Ghana shows that the growth rate in commercial banks’ deposits has been positive throughout the year despite the impact of the COVID-19 pandemic on activities of businesses and individual households. Total banking deposits increased by 27% year-on-year, from GHS78.9 billion in October 2019…
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Debt owed Ghana Gas nears $1 billion – PIAC report
The cumulative indebtedness to the Ghana National Gas Company (GNGC) is almost a billion dollars according to the Public Interest and Accountability Committee’s (PIAC) half-year report for 2020. PIAC has warned that the debt which is currently $942,260,510 has reached an unsustainable level. The Committee noted that companies Ghana Gas provides gas to have failed…
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We’re ready to meet increase in demand for new cars – Nissan Africa MD
Managing Director of the Nissan Group of Africa, Shinkichi Izumi, says he’s confident the full implementation of Ghana’s Automotive Development Policy will lead to a surge in demand for brand-new vehicles, a development which carmakers with assembling plants in the country will welcome. The Automotive Development policy is a comprehensive package of incentives and measures…
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Lingering impact of COVID-19 causes decline in Ghana’s trade numbers
Latest data from the Bank of Ghana’s Summary of Macroeconomic and Financial Data for November 2020, shows that the country as of October 2020 had received $12 billion from its exports this year. The value was a decrease from the $12.98 billion recorded in the same period last year. The report also showed a decrease…
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Chief of Staff inaugurates technical committee to resolve Aviation land issues
The Chief of Staff, Madam Akosua Frema Osei-Opare, has inaugurated a Technical Committee to look into the issues relating to the development of the Aviation Lands at La Transmission station and La Nkwantanang at Adentan. The move followed a recent strike action by the Staff Union of the Ghana Civil Aviation Authority (GCAA), to register…