Tag: Ghana Business News
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New BoG rules to remove ‘Long Serving CEOs, MDs ’
The Bank of Ghana(BoG) is set to introduce a new rule that will prevent Chief Executive Officers and Managing Directors of banks in the country from holding the positions for more than fifteen years. The new rule if introduced will affect some CEOs in the banking industry who have held the position for over fifteen…
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BoG,IFC to tighten banking regulations
The Bank of Ghana(BoG) has disclosed that it will soon publish a reviewed draft document designed in partnership with the International Finance Corporation (IFC), aimed at enhancing good corporate governance in the banking industry. The draft document which was originally designed in 2014 is also aimed at strengthening the oversight responsibilities of the central bank…
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DKM customers to receive ‘correct’ amount this week
The Official Liquidator for DKM microfinance company, the Registrar General’s Department has told Citi Business News, validated creditors who received lower payments for their locked up investment will get the correct amount this week. Some of the customers were angry with the Registrar General’s Department after receiving as little as GHS10 or GHS 20, after…
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People’s Pension Trust targets thousands in informal sector
The latest Corporate Trustee in Ghana, People’s Pension Trust Ghana Limited has begun full operations with a pledge to change the face of informal pension administration in the country. People’s Pension Trust Ghana Limited is targeting to provide at least 500,000 Ghanaians in the informal sector with easy and secured channels of saving towards their…
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Election ‘fever’ slows business activities at Tema Port- Report
Few weeks to the general elections, some exporters, importers and clearing agencies at the Tema Port have disclosed to Citi Business News that economic activities have slowed down. According to them, the general economic boom that is experienced few weeks to the end of the year has slowed down compared to the same period last…
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MTN Ghana CEO wins best CEO in MTN Group
The Chief Executive Officer (CEO) of MTN Ghana, Ebenezer Asante has been adjudged the CEO of the year within MTN Group, as voted for by the company’s senior leadership. A statement signed by Mrs. Cynthia Lumor, Corporate Services Executive of MTN Ghana said this was announced at the MTN Group Leadership Gathering held in South…
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Pay attention to Agric sector- Govt told
Some players in the Agriculture sector have lashed out at government over what they describe as its poor attention to the sector. The sector’s contribution to Ghana’s Gross Domestic Product (GDP) remains one of the lowest among the three sectors which contribute to the economy’s growth. In 2015, agriculture contributed 19 percent to GDP, while…
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Exporters downplay effect of elections on business
Despite concerns raised by some Ghanaians about a slowdown in business activities due to the upcoming elections, some importers and exporters have downplayed the effect on their businesses. According to them, business activities are moving on smoothly and will be uninterrupted by the time the general elections are held. The Chief Executive Officer of the…
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Poultry farmers ‘cry’ over neglect
Some stakeholders in the livestock subsector of the Agriculture sector have raised concerns of an imminent collapse if measures are not put in place to address challenges facing it. According to them, the poultry industry for instance risks going down if farmers are not protected from the adverse effects of unstable prices. The Agriculture sector…
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Minority jabs govt for rushing parliament through ‘election loans’
As parliament prepares to rise today, the Minority has criticized government for using its numbers in the House to approve over 900 million dollars in one week. As at yesterday, parliament was expected to approve a 398 million dollars buyers’ credit agreement between government and EXIM Bank of India to finance the construction of an…