Tag: Investment
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T-bills auction: Government records 15.3% oversubscription
The Government of Ghana’s T-bill offer across 91-day to 364-day bills was oversubscribed by approximately 15.3% relative to the target size of GHS 3.065 million at last week’s auction. The offer attracted total bids estimated at GHS3.54 billion, with the Treasury accepting 99.21% of the bids valued at GHS3.51 billion. According to figures from the…
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Ghana is the best destination for investment in West Africa – Bawumia
The Vice President, Dr. Mahamudu Bawumia, has stated that despite the existing economic challenges, Ghana remains the most favourable investment destination in the West African Sub-region. In his opinion, the $3 billion support received from the International Monetary Fund (IMF) will contribute to the stabilization of the Ghanaian economy. Dr. Bawumia expressed confidence that investors…
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MTN commits $1 billion dollars to network resilience by 2025
The Chief Executive Officer of MTN Ghana, Selorm Adadevoh says his outfit is committed to building network resilience by investing about a billion dollars into its 2025 ambitious target. This, he explains is to ensure customers are served with optimized excellence within the telecommunication space. Speaking at the MTN Media and Stakeholders Forum in Accra,…
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Kamala Harris calls for investment to empower women
Vice President of the United States, Kamala Harris has called for intentional investment for the empowerment of African women. On day three of her nine-day tour of Africa, the American Veep charged Africa to ensure the economic empowerment of its women when she addressed a crowd of students at the Black Star Square in Accra.…
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MMDAs urged to profile investment avenues to attract investors
Players in the Agribusiness sector are urging the various Metropolitan, Municipal and District Assemblies (MMDAs) across the country to profile the investment avenues within their jurisdiction to attract investors. According to the players the role of the MMDAs in the growth of the agriculture sector is critical and should not be underestimated. In a media…
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Magazine to promote investments launched in Accra
A magazine to promote investments, trade and entrepreneurship has been launched in Accra as the country ready itself to take advantage of the African Continental Free Trade Agreement (AfCFTA) market. Known as Investment Times Magazine, a monthly publication that seeks to provide credible and relevant business information to the African business community as well as…
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Bank of Africa to organize webinar on Ghana’s investment opportunities with the Diasporan Community
Bank of Africa in partnership with Ghana Diaspora Monetary Fund is organizing series of Webinar under the theme: Ghana, An Ideal Destination for Diaspora Investments. These series of Webinars are part of the Bank’s newly instituted Sustainable Development Banking engagements. This webinar comes in three separate sessions under different topics. The 3-part webinar series commences…
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![Locked-up Investments: Reminder of a forgotten emergency in the clouds of others [Article]](https://citibusinessnews.com/wp-content/uploads/2020/05/WhatsApp-Image-2020-05-05-at-8.21.32-AM.jpeg)
Locked-up Investments: Reminder of a forgotten emergency in the clouds of others [Article]
A number of emergencies have been identified and steps taken to address them in an attempt to mitigate the social and economic impact on people of Ghana. However, in the attempt to identify and attend promptly to emergencies, one important emergency, regarding the ‘LOCK DOWN’ of people’s investment with the Securities and Exchange Commission (SEC)…
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T-bills, bonds dominate income sources of banks – BoG report
It is emerging that banks are still accruing a large percentage of their income from their investments in various securities. The latest banking sector report released by the Bank of Ghana disclosed that this component of income increased to 44.8 percent in October 2019 from 42.9 percent in October 2018. The Bank of Ghana’s industry…
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Stock analyst hopeful GSE will bounce back after woeful performance
The General Manager of UMB Stockbrokers Ben Ackah says he is cautiously optimistic about the fate of the Ghana Stock Market for the rest of the year. He made his position known after the market hit its lowest level in about 2 years, mainly due to the happenings in the financial sector. The GSE Composite…