Tag: Ghana Business News
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PMMC reserves 30% of refined gold to local jewelers
The Precious Minerals Marketing Company (PMMC) is reviewing its strategy to make available, gold and diamond needed by jewelers in the country. This also forms part of efforts to sustain the jewelry industry. The move follows complaints by players in the industry over their difficulty in accessing raw materials needed for their operations. In an…
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Savings & Loans companies back BoG’s reforms
The Association of Savings and Loans Companies has backed an intended action by the Bank of Ghana to reform the industry. The Association is confident the move will restore confidence and stabilize the financial sector. “Whatever happens, there are certain effects such that it is going to make sure that financial institutions are better positioned…
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Singapore’s architect to remodel Accra’s landscape
The city of Accra is to undergo a massive change which will reduce congestion and improve the landscape of the nation’s capital. This is because the government is undertaking a process to remodel the capital to improve the quality of life and general economic growth. The government maintains that it has become apparent to review…
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Neglect of coffee sector: State to lose $1.5bn annually
Ghana stands to lose about 1.5 billion dollars every year if it continues to fail to invest in the expansion of the coffee industry. This is according to the Coffee Federation of Ghana. Statistics on the sector also show that its contribution to GDP has dwindled over the years. Some farmers who have been speaking…
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Ghana Finance Week takes off from October 10
Stakeholders within the financial industry will be converging on Accra to chart ways of improving the operations within the sector and restore confidence. The discussion will take place during the Ghana Finance Week scheduled for October 10-13, 2018. The forum is also part of building the financial ecosystem in Ghana amidst the recent happenings in…
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![What you need to know about AirtelTigo [Article]](https://citibusinessnews.com/wp-content/uploads/2018/06/Airtel-Tigo-1.jpg)
What you need to know about AirtelTigo [Article]
Mobile phone use has steadily become a necessity of life, allowing users to communicate seamlessly with loved ones and business partners. According to recent regulatory reports, the number of mobile subscriptions in Ghana continues to grow, recording 40 million subscribers and a penetration rate of 137 per cent at the end of July 2018. Telecommunication…
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PMMC workers call off strike
Workers at the headquarters of the Precious Minerals Marketing Company (PMMC) have called off their sit down strike. The aggrieved workers numbering about fifty, had called for the removal of the Managing Director of the company, Kwadjo Opare Hammond and his entire board for a number of infractions. But after a 5 hour meeting between…
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New board for Ghana Cylinder Manufacturing inaugurated
A new board has been inaugurated for the Ghana Cylinder Manufacturing Company, three months after the dissolution of the old board. President Akufo-Addo ordered the dissolution of the board following an impasse between its members and the Chief executive, Frances Essiam. Madam Essiam, was suspended by six of the nine members of the previous board,…
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ADI advocates $1.5bn livelihood program for farmers
The Alliance for Development and Industrialization (ADI) is asking the government to establish a US$1billion commodity diversification and alternative livelihood for cocoa farmers as well as the non- traditional export sector in the country. This commodity diversification could triple the country’s agriculture export income within 3 to 4 years. As the country’s export earnings increases…
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Petroleum C’ssion partners Glasgow to boost oil sector
The Petroleum Commission has secured a partnership with Glasgow Caledonian University (GCU) to deliver work-based education to the oil and gas industry in Ghana. The agreement, which was signed on Monday, October 2, 2018 with GCU, will provide educational support and help in strategically positioning Ghana’s oil and gas industry. The Commission and the GCU…