Category: Top Stories
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#CitiBusinessFestival: Trust ecosystem needed to minimize e-commerce fraud – Benedict Bentil
Senior Manager, Enterprise Marketing and Portfolio Management at MTN Ghana, Benedict Bentil believes a robust trust ecosystem is crucial for a smooth operationalization of the e-commerce industry in Ghana. For him, cyber fraud is a disincentive to the growth of the e-commerce space hence, online business managers must devise measures to safeguard customers against fraud…
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Ghana sends debt restructuring proposal to official creditors
Ghana has sent a debt restructuring proposal to its official creditors, two sources with direct knowledge of the matter said, as the West African country battles to escape its worst economic crisis in a generation. The “working proposal” is a crucial first step for the cocoa, gold and oil producer to engage the official creditor…
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IMF mission staff arrive in Ghana today to assess implementation of economic recovery programme
A mission staff from the International Monetary Fund (IMF) will arrive in the country today, Wednesday June 7, 2023, to assess the implementation of Ghana’s Economic Recovery Program. This will be the first-ever visit by the IMF after its Board approved Ghana’s bailout on May 17 as it seeks to examine progress of the agreement.…
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WTO Chief urges African governments to increase trade, agric investment
The Director-General of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala, has called on African countries to create trading opportunities and increase investment in agriculture to address food security in Africa. In a speech read on her behalf at the 8th Africa Agribusiness and Science Week (AASW8) in Durban, Dr Okonjo-Iweala noted that one-fifth of…
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Publish gold-for-oil policy document to improve transparency – Dr. Manteaw
The spokesperson for the Civil Society Organization in the Extractive Industry, Dr. Steve Manteaw, is demanding the immediate publication of the policy document regarding the gold-for-oil policy. Expressing concern over the lack of transparency surrounding the policy, Dr. Manteaw emphasized the need for disclosure of the agreement’s terms and conditions. He made these remarks during…
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Citi Business Festival 2023: Takeaways from reimagining digital economy forum
Panelists on the first forum of the Citi Business Festival 2023 have made a strong case for the digital economy to be embraced to drive business growth. Key in the discussion, the tech analysts were quick to express concern over the potential risks artificial intelligence (AI) poses to businesses, largely attributing these concerns to lack of…
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Citi Business Festival: Techgulf CEO cautions of AI’s intrusive power, calls for urgent digital education
TechGulf CEO, Franklin Asare, has expressed concerns regarding the potential dangers of artificial intelligence (AI), citing ignorance as a primary reason for worry. Speaking at the first Citi Business Festival Forum on Citi TV, under the theme ‘Reimagining the Digital Economy,’ Asare, who formerly served as the Country Director for Oracle Corporation, highlighted the intrusive capabilities…
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Strong payment system needed for smooth operation of free trade in Africa – Zeepay CEO
Founder and Chief Executive Officer of Zeepay, Andrew Takyi-Appiah, is advocating the implementation of a strong payment settlement system to facilitate the smooth operation of the African Continental Free Trade Area, AfCFTA. Citing the benefits that this system will offer to stakeholders in the African private sector, he said a reliable and efficient national and…
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Nationalistic approach needed to support local start-ups in Ghana – Zeepay CEO
The Chief Executive Officer of Zeepay, Andrew Takyi-Appiah, says a nationalistic approach is needed to support local start-ups in Ghana. Mr. Takyi-Appiah opined that the various financial institutions in the country should be willing to give loans to local enterprises to boost their businesses, which will also have a positive impact on the Ghanaian economy.…
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Citi Business Festival: We’re ready to support viable businesses – Absa Bank
The Head of Digital and Payments for ABSA Bank Ghana, Horatio Dodoo, has announced that the bank is prepared to offer its support to startups with significant growth potential. Speaking during the Citi Business Festival Forum on Citi TV on Tuesday, Mr Dodoo encouraged startups to take advantage of the bank’s support scheme for Small…