Tag: Ghana
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March inflation drops to 45.0%
Inflation has dropped significantly to 45.0 percent for the month of March 2023. This represents a 7.8 percentage point decrease over the 52.8 percent recorded in February 2023. This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service (GSS) on Wednesday. Per the data, food inflation also stood at…
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Ghana’s bilateral creditors set to clear way for $3bn IMF bailout
Ghana hopes to take a big step towards restructuring its $58bn-worth of debt this week, with its bilateral creditors meeting on Tuesday to discuss whether to provide enough relief to unlock a $3bn IMF bailout. Ghana owes $5.5bn to foreign governments and their state banks. Ken Ofori-Atta, finance minister, said he had “hope” those bilateral…
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Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations
The South African High Commissioner to Ghana, Her Excellency Grace Jeanet Mason is urging businesses in Ghana and South Africa to leverage on the African Continental Free Trade Area (AfCFTA) to bolster bilateral and economic relations. She explains that the trade volume between the two countries is about 6 million US Dollars. This she believes…
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Pharmaceutical Society of Ghana woos India investors
The Pharmaceutical Society of Ghana is urging its Indian counterparts to forge deepened trade relations with the industries local to establish more manufacturing companies across the country. The society explains that Indian is far advanced in the manufacturing of pharmaceutical products thus a shared technology will boost the capacity of the indigenous companies. Speaking at…
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Telecoms Chamber and IIPGH advocate sustained coding education
The Ghana Chamber of Telecommunications in partnership with the Institute of ICT Professionals, Ghana, (IIPGH), is advocating sustained coding education for children cross the country. The call was made on the sidelines of the final workshop of the Institute’s Coding Caravan initiative in Tsiame in the Volta Region of Ghana. The workshops, which started in…
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IIPGH to enter coding education partnership with Telecoms Chamber
The Institute of ICT Professionals, Ghana, (IIPGH), is proposing a partnership with the Ghana Chamber of Telecommunications to promote and sustain its coding program in schools within three regions namely, Volta, Eastern and Central regions. The partnership, which forms part of the Institute’s Coding Caravan initiative is part of efforts to scale up its coding…
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Ghana gets $1bn pledge from banks to spur finances
International banks have pledged to lend Ghana $1 billion for budget purposes and to boost central bank reserves as the country seeks to cut its fiscal deficit and stabilize the local currency. This is according to Bloomberg. The country raised $750 million through syndicated loans with the participation of about eight African and European banks…
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![How to overcome startups obstacles in Ghana [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2020/07/side-hustle-business-nigeria.jpg)
How to overcome startups obstacles in Ghana [ARTICLE]
In recent years, Africa is making great strides to become the launch pad for high-growth innovative companies. This is evidenced by the increasing number of tech startups to have received financial backing, which grew by 46% annually. This is six times faster than the global average, according to Partech Partners (a venture capital firm in…
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AfCFTA: Reduce cost of power, address credit challenges to boost Ghana’s competitiveness – Konfidants
International advisory firm, Konfidants has urged government to devise strategies to strengthen the country’s existing trade relations on the African continent to take maximum advantage of the African Continental Free Trade Area (AfCFTA). Konfidants also advised government to among other things address the exorbitant cost of credit and power in order to prepare the country…
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UMB signs new Controller Loan Products with National Assoc. of Registered Midwives, Ghana
Universal Merchant Bank (UMB), has signed an agreement with the National Association of Registered Midwives, Ghana (NARMG), to offer its members on the controller payroll, a special UMB Controller Loan product of up to GHS150, 000, which will be spread over 48 months at a competitively low interest rate, with a turnaround time of 48…