Tag: Ghana Business
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Replace BoG’s complaints wing with independent Ombudsman – Nana Otuo Acheampong
The Bank of Ghana may have to resort to an independent body if it wants to effectively address concerns within the banking industry and reduce apprehension among industry players. This is the advice from Banking Consultant, Nana Otuo Acheampong. His comment comes on the back of a new contact centre to handle all concerns relating…
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Access bank lists as 11th bank on the GSE
Access Bank Ghana has officially listed on the Ghana Stock Exchange (GSE). The bank becomes the first Nigerian bank and the eleventh bank in Ghana, to list on the local bourse. Access bank completed its Initial Public Offer (IPO) raising 29.62 million cedis, just above the 21 million cedis regulatory requirement to list on the…
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Lack of data dragging payments for Tier 2 pension claims
Some practitioners in the pensions industry have blamed the lack of accurate data for the increased controversies surrounding the management of tier two pension schemes among public sector workers. In their view, the absence of credible employee data hampers effective disbursements of the contributions currently with the Temporary Pension Fund Account at the Bank of…
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![Printing deals boom ahead of Christmas [Audio]](https://citibusinessnews.com/wp-content/uploads/2016/12/printing-1-1.jpeg)
Printing deals boom ahead of Christmas [Audio]
Various printing hubs in Accra are excited about what they describe as a boom in business this festive season. The printing hubs which hitherto complained bitterly of low productivity during the election season tell Citi Business News business has picked up. A few months ago in the build up to Ghana’s Presidential and Parliamentary elections, the…
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SSNIT shoots down imminent collapse claims
The Social Security and National Insurance Trust (SSNIT) has dismissed reports that the fund faces imminent collapse over concerns of operational challenges. According to the pensions’ scheme, it has instituted measures to deepen its financial sustainability and meet potential increase in benefit claims. “As a defined benefit scheme, it is based on a certain formula…
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Abolish 15 percent capital gains tax – GSE to NPP
The Ghana Stock Exchange (GSE) has impressed on the incoming NPP government to abolish the capital gains tax when it finally assumes power in 2017. According to managers of the market, the continuous imposition of the tax is a disincentive for investors and has also adversely affected the market. “Our particular worry is that even…
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ADB attributes rise in share price to investor confidence
The Agricultural Development Bank (ADB) has attributed the significant performance of the bank’s share price to investor confidence in the banking stock. As at close of trading on Monday, December 19th 2016, the share price of ADB had gained about 38 pesewas and trading at 3 cedis 33 pesewas. Also, a total of 10,000 ADB…
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New Call Centre to bridge information gap – BoG
Effective Friday, December 23, 2016, the general public would have direct access to the Bank of Ghana (BoG) for clarity on issues concerning the bank’s operations. It follows the establishment of a new Contact Centre by the central bank. The Centre will also deal with requests, queries and complaints related to the banking industry. The…
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Christmas shopping picks up massively in major markets (Audio)
The Christmas bug has hit major markets across the country barely a week to Christmas day. A trip back to some of the major markets in Accra for example shows business activities have picked up tremendously. The euphoria surrounding the festive season was virtually missing about a week ago when Citi Business News visited some…
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Traders reduce prices over NPP’s election win
Barely two weeks after the general elections, some traders at various markets in Accra have reduced prices of their goods by at least 10%. The traders attribute this reduction to the numerous promises made to them by the President elect, Nana Akufo Addo. According to them, they are hopeful the President elect will fulfill his…