Tag: Citi Business News
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GUTA welcomes Ofori-Atta’s interim appointment to Trade Ministry
The Ghana Union of Traders Associations (GUTA) has welcomed the announcement of Finance Minister Ken Ofori-Atta as caretaker minister for the Ministry of Trade and Industry. President of GUTA, Dr Joseph Obeng believes with the support of the deputy ministers, work in the ministry should be able to progress steadily. “I think it’s in good…
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Private Universities bemoan government neglect
Private universities have bemoaned what they describe as government neglect of their operations despite their massive contribution to the county’s human resource development. According to the chairman of the Council for Independent Universities (CIU), Professor Nicholas Nsowah-Nuama, many private universities are overwhelmed by stifling capital, staff, and the administrative and overhead cost of singlehandedly running…
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Ride hailing app drivers call for fares to correspond with fuel price hikes
The Online Drivers Union is calling for an increase in their fares commensurate with the increment in fuel prices. Speaking to Citi Business News, the President of the Online Drivers Union, Francis Tenge believes their demand is critical to sustaining their livelihoods. “What we want is there should be a corresponding increment in the base…
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Manufacturers call on government to actively purchase made in Ghana goods
To grow the local economy and industry the government must lead the way by ensuring it prioritizes sourcing from local businesses and institutes policies to check foreign competition for such entities. Players in the manufacturing sector believe these parameters are critical amidst the present economic turmoil and will improve the country’s fortunes. Elisabeth Owusu Gyebi…
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JICA concludes Cohort 2 of the NINJA Program with Demo Day
The Japan International Cooperation Agency (JICA), in partnership with Ghana Enterprise Agency, Accra Digital Center, and MDF West Africa launched the NINJA (Next Innovation with Japan) Program in Ghana. Supporting eight startups with business incubation support and financial support of GHȼ240,000 in total, the second cohort of the NINJA ended with a Demo Day. On…
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Q3 2022: UBA’s Gross Earnings hit N608bn, Reports 12.3% Growth in Profit
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced remarkable performance in its unaudited financial results for the third quarter that ended September 30, 2022, recording impressive growth across all its major indices, replicating the commendable performance it achieved in the first two quarters of the current fiscal year. Specifically, the bank’s Gross…
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Construction Chamber joins calls for the removal of Finance Minister
There have been recent calls for the removal of the Finance Minister, Ken Ofori Atta from office and the Ghana Chamber of Construction Industry believes his sacking has been long overdue. Chief Executive Officer of the Ghana Chamber of Construction Industry, Emmanuel Cherry, believes the top job must be handed to a more competent person.…
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Ghana Mine Workers Union calls for increased local participation in sector
As the country’s economy continues to struggle and the cedi rapidly depreciates now might be the time to consider active local participation in the country’s extractive sector. The Ghana mine workers union believes this is critical to checking the repatriation of funds from the country abroad which have contributed to the dire state of the…
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Fintech players laud BOG’s caution to MoMo loan, defaulters
Players in the fintech space have praised the announcement by the Bank of Ghana that defaulters of Momo loans stand the risk of being denied access to future credit facilities adding that it would help enhance Ghana’s credit system. Speaking to Citi Business News on the sidelines of the launch of the Qore ID Chief…
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Orange Corners Ghana Celebrates The Graduation Of 45 Entrepreneurs
The Kingdom of the Netherlands teams up with Ghanaian Corporate Partners to provide business development support and access to finance to over 120 Ghanaian youth-led ventures through the Orange Corners Ghana Initiative. On Wednesday 28 September, Orange Corners Ghana celebrated the graduation of the 45 youth-led businesses that participated in the six-month acceleration programme. Orange…