Tag: Ghana Business News
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AirtelTigo fortunes least affected by CEO’s exit
Telecom Analyst, Fouad Chaalabi has told Citi Business News he does not expect the resignation of the CEO of AirtelTigo, RoshiMotman, to negatively affect the fortunes of the company going forward. According to him, the systems and international standards of the parent companies of both Airtel and Tigo will ensure that the merged entity thrives…
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AirtelTigo CEO, Roshi Motman quits
AirtelTigo has announced that its Chief Executive Officer (CEO), Roshi Motman has decided to leave the company to pursue new opportunities. The company said CEO of Tigo Senegal, Mitwa Kaemba Ng’ambi would replace Ms Motman. Ms. Motman has enjoyed considerable successes during her time with first Tigo Ghana and subsequently AirtelTigo. Having joined Tigo Ghana…
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Gov’t defends measures to halt cedi depreciation soon
The government has maintained that it has put in place robust measures to halt the free fall of the cedi in the coming weeks. According to Dr. Gideon Boako, Spokesperson for the Vice President, Dr. Mahamudu Bawumia, efforts to reduce inflation and increase the availability of foreign reserves, point to a foreseeable halt in the…
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Depreciating cedi to negate fuel price drop – ACEP
The Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye has told Citi Business News petroleum prices at the pumps will not experience any significant drop in the coming weeks, even though crude oil price continues to drop on the international market. According to him, a continuous depreciation of the cedi against the…
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Foodstuff prices to stay high despite drop in fuel prices – Esoko
Esoko Ghana has dispelled any possibility of a drop in food prices following the reduction in the prices of petroleum products. Prices of petroleum products were reduced in the second week in June with a second prediction of a two percent drop. Prior to this, statistics released by Esoko showed that prices went up as much…
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Fuel prices to drop again this week
The prices of petroleum products are expected to drop by about 2 percent this week. This is the indication from Citi Business News’ checks with players within the petroleum industry following developments on the global market. This will also be the second time in less than a week that fuel prices have been reduced this…
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BoG sanitizes fintech industry with new laws
The Bank of Ghana says it will strictly enforce the yet to be passed Payment Systems to sanitize the financial sector. The central bank has bemoaned what it says is the proliferation of fintechs in Ghana’s financial system. Currently, there are seventy-one fintechs providing solutions to businesses and individuals. Following the impact of cyber fraud…
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Sales Revolution whips up interest of patrons
The first day of Citi Fm’s Sales Revolution ended with participants yearning for more. The event witnessed over a hundred sales men and women engaging experienced trainers on how to win in this modern era. The event continues tomorrow with another round of insightful lessons. For the third year in a row, the event had…
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Citi Business Festival: GhIPSS urges capping cash withdrawals at banks
The Ghana Interbank Payment and Settlement Systems (GhIPSS) has made a strong case for a cap to be placed on all cash withdrawals at banks. It follows appeals to reduce the use of cash to minimize the number of attacks associated with cash transactions. The government also hopes to achieve a cashlite economy by 2020. In…
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Major OMCs reduce fuel prices
Some major Oil Marketing Companies (OMCs) have reduced their prices by 4 pesewas within the first pricing window of June. The reduction comes after a 3 percent increase in prices of fuel in early part of June. Earlier, checks by Citi Business News showed that a litre each of diesel and petrol were selling for…