Category: Top Stories
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Gross insurance premiums decline in H1; but industry outlook remains positive
Gross premiums in the country’s insurance sector have declined in the first six months of 2023. As of the end of June 2023, the gross premiums have fallen to GHS 2.76 billion from the GHS 3.07 billion posted during the same period last year. However, recent developments in the insurance sector as captured in the…
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AGI advocates for innovative policies to support SMEs
Industry players are pushing for the adoption of innovative policies designed to provide Small and Medium Enterprises (SMEs) with dependable access to trade finance. They contend that these initiatives will not only boost SMEs’ production capacities but also assist in curbing the rising import costs burdening African economies. In an effort to foster economic growth…
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BOST clarifies amount paid for iPhones bought for company executives
The Bulk Oil Storage and Transportation Limited (BOST) has debunked earlier media reports which suggested that the company paid a little over GHS 28 million for the purchase of iPhones for its corporate executive members. In a statement issued on September 30, the Oil Company maintained, it has made some purchase of the said iPhones…
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IMF hopeful Ghana will soon reach agreement with Official Credit Committee
The International Monetary Fund (IMF) expects Ghana to quickly reach an agreement with the Official Credit Committee over its external debt restructuring. Julie Kozack, IMF’s Director of Communications at a press conference in Washington DC said once Ghana has finalised the debt exchange on the local front, it is important for the country to conclude…
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Fuel prices to remain fairly stable at the pumps – COPEC
Prices of Petrol and Diesel are likely to remain unchanged in the first pricing window of October. Per projections from the Chamber of Petroleum Consumers (COPEC), there could be a one percent increase at the pumps, but Oil Marketing Companies (OMCs) have agreed not to pass on the cost to consumers due to competition. “There…
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Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions
Banking consultant, Dr. Richmond Atuahene, has cautioned against proposals for a restructuring of the balance sheet of the National Investment Bank (NIB). NIB is facing significant financial challenges with liabilities exceeding GHS 2 billion. The Minority in Parliament has strongly urged the government to undertake a significant restructuring of the ailing NIB in order to…
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2023 #CitiBusinessOlympics: Defending champions GCB retains title
State bank, GCB has once again proven to be a force to reckon with in the corporate sporting arena as its tagline suggests, “…your bank for life,” as it has once again been declared the ultimate company of the year at the 2023 edition of the Citi Business Olympics. This is the fourth time in…
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Check out some lively photos from 2023 #CitiBusinessOlympics
The Eden Heights Sports Complex, Weija once again hosted staff of over 60 companies as part of the 2023 Citi Business Olympics. Staff of the companies competed in different sporting disciplines such as seven-aside soccer, volleyball, swimming, lime and spoon, table tennis, chess, sack racing and many more. Below are some pictures from the event:
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#CitiBusinessOlympics: Citi TV/Citi FM applauded for well-organized event
The biggest corporate sporting event organised by Citi FM/Citi TV, dubbed Citi Business Olympics, has lived up to the hype as participating companies have been sharing their experiences. Thousands of staff of various institutions in Ghana gathered at the Eden Heights Sports Complex on Saturday, September 30, 2023, to compete among themselves in different sporting…
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Photos: 2023 #CitiBusinessOlympics underway at Eden Heights
Citi Thousands of workers from over 70 corporate institutions have converged at Eden Heights today, September 30, for the Citi Business Olympics 2023, the biggest corporate sports gathering of the year. The event is powered by Citi TV with support from Citi FM. Staff from various institutions will participate in a variety of sporting…