Tag: Ghana Business
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We will give NPP time to address our challenges – GNCCI
Business Associations have stated that the business industry will not pressurize the incoming government into fulfilling promises made to them at least for the first six months in office. According to them, the new government must be allowed to work over a period of time to fulfill its promises made to industry. “I think we…
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New gov’t must renegotiate IMF deal – Economist
The incoming government led by President elect Nana Akufo Addo is likely to renegotiate Ghana’s deal with the International Monetary Fund (IMF) in a bid to stabilize the economy. This is the assertion from some economists. According to them, renegotiating aspects of the IMF deal will save the country from further increase in its debts.…
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Inflation drops to 15.5% in November
Ghana’s inflation for November 2016 reached 15.5 percent. This represents a 0.3 percent down from the 15.8 percent recorded in October this year. According to the Ghana Statistical Service, the monthly change rate in inflation for November also declined from 1.4 to 0.8 percent between October and November this year. The figure is also the…
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BoG Governor must vacate if … – Financial observers
Some financial and political observers have suggested that the Governor of the Bank of Ghana, Dr. Abdul Nashiru Issahaku would have to take a principle position to vacate his position as a new political administration assumes power. The suggestion comes despite the autonomy of the Bank of Ghana and Governor of the bank. Per the…
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![Christmas buzz missing in major markets in Accra [Audio]](https://citibusinessnews.com/wp-content/uploads/2016/12/christmas-in-Ghana-1.jpg)
Christmas buzz missing in major markets in Accra [Audio]
With barely two weeks to Christmas day it appears the buzz that usually surrounds the holiday season is missing this time round. A visit to some major markets in Accra show business activities are yet to pick up a week after the country’s general and parliamentary elections. Checks by Citibusinessnews.com at the Dome market in Accra…
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Stock market to end 2016 with negative growth – GSE MD
Current developments on the Ghana Stock Exchange (GSE) show the local bourse will record poor performance for the second consecutive year. This is the assertion of managers of the market. “On the back of performances of these listed companies that have been subdued in recent times as well as the in the difficult macroeconomic environment,…
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AGI seeks ‘favourable’ business environment from NPP
The Association of Ghana Industries (AGI) has reiterated its call for the President elect, Nana Akufo Addo to within a month, contact the association to discuss plans for promoting industrial development in Ghana. This, AGI believes will ensure the rapid change towards achieving a sustainable economic development. In an interview with Citi Business News, President…
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Premium bank upbeat about competition in banking industry
New kid in the banking industry, Premium Bank, has vowed to make significant inroads in the sector despite the stiff competition it will be hit with as it joins the industry proper. Premium bank which hitherto was City Investments Company Limited got the green light from the Bank of Ghana (BoG) to begin operations as…
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BoG still owns 9.5 percent stake in ADB
The Bank of Ghana (BoG) is to still own a stake in the Agricultural Development Bank (ADB) despite the completion of the bank’s Initial Public Offer (IPO) early this month. It follows the inability of ADB to achieve a full subscription of its Initial Public Offer on Monday, December 5th, 2016. The Bank of Ghana…
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First phase of Accra Eco-park commences in 2018 – Lands Minister
Ghana has advanced plans to establish the first Eco-park in West Africa to attract tourists into the country. The first phase of the project, situated within the Achimota Forest zone in the Greater Accra region, is expected to commence in 2018 following the new law on wildlife conservation in 2012. According to the Lands and…