Tag: Ghana Business News
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Pioneer Kitchenware to go off stock market by year end
The managers of the Ghana Stock Exchange are to remove Pioneer Kitchenware from the database of listed companies on the stock market by the end of 2018. This is because the company has failed to make any progress with reconciling its operational performance with the operators of the bourse despite several notices to do so.…
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CAL Bank gets shareholders’ backing to meet minimum capital
Shareholders of CAL Bank have voted for the bank to move 50 million cedis from its income surplus to stated capital in order to meet the minimum capital requirement. This was at an Extraordinary General Meeting held on Monday [December 17, 2018]. This also follows the bank’s decision to solely rely on capitalization of income…
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![How a credit card differs from a debit card [Article]](https://citibusinessnews.com/wp-content/uploads/2018/12/credit-cards-1.jpg)
How a credit card differs from a debit card [Article]
At this point, I am confident that the haziness that clouded the knowledge of credit cards has been cleared somewhat. However, how the card differs from a debit card is still an issue for many and in this article, I will attempt to clarify the differences, beginning with some scenarios. Scenario One Kojo’s wife had…
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IMF’s Christine Lagarde starts two day visit to Ghana
The Head of the IMF, Christine Lagarde is in Ghana for a two day visit. Her coming is ahead of the nation’s exit from the Fund by the end of this year. Madam Christine Lagarde’s visit is viewed by some analysts as symbolic as it may signify the Fund’s impression with Ghana’s overall performance under…
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Parliament approves GH¢1.2 billion for GRA in 2019
Parliament has approved an amount of about 1.2 billion cedis for the Ghana Revenue Authority (GRA) for the 2019 financial year. According to the Finance Committee of Parliament, the amount is necessary to help the GRA with its pursuit of registration and issuance of Taxpayer Identification Numbers [TIN] as well as other means the authority…
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ADB is not delisting from stock market – Kofi Yamoah
The managers of the Ghana Stock Exchange have dismissed claims that ADB is planning to delist from the stock exchange. There have been reports that the new majority shareholders of ADB had taken the decision. But the Managing Director of the stock exchange, Kofi Yamoah insists that is not the case. “I have been privy…
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Fidelity bank appoints Julian Kingsley Opuni as new MD
Fidelity Bank has appointed Julian Kingsley Opuni as its new Managing Director. His appointment took effect on December 1st 2018. Mr. Opuni takes over from Jim Baiden who retired as the MD of the bank in October 2018. Until his appointment, he was the Deputy Managing Director; a position he held since November 2017. Julius Kingsley…
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Restriction of medicine imports: Local producers demand enforcement
Local pharmaceutical companies have made fresh appeals for the government to enforce the policy on restricted imports of some medicines which are produced locally. They complain that some people are sidestepping the policy which is affecting their business. The restriction on the importation of medicines produced locally, was introduced in 2017. The policy covers 49…
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IMF boss Christine Lagarde visits Ghana on December 16
The Head of the IMF, Christine Lagarde is scheduled to visit Ghana ahead of the country’s completion of the program with the Fund. Miss Largarde’s trip to Ghana is scheduled for December 16 to 18, 2018. Deputy Information Minister, Pius Hadzide disclosed this at a media briefing on Wednesday [December 12, 2018]. According to him,…
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ADB seeks shareholders’ approval to raise GH¢380m for recapitalisation
ADB has announced that it will embark on a renounceable right to issue to raise 383 million cedis to help it meet the minimum capital requirement. This decision is however subject to shareholders’ approval at the bank’s Annual General Meeting. The AGM is scheduled for Thursday, December 20, 2018. According to ADB, it is also…