Galleries
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COCOBOD to offer cash prizes to eradicate cocoa smuggling
The Ghana Cocoa Board (COCOBOD) has announced plans to offer cash prizes to persons who volunteer information for the arrest of individuals involved in the smuggling of cocoa. This forms part of its key strategies to deal with the prevalence of the menace after 150,000 metric tonnes of cocoa were smuggled out of the country…
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Ecobank Ghana PLC records 40.3% revenue growth in 2022
ECOBANK Ghana PLC has despite the shocks of the Domestic Debt Exchange Programme and the general decline of the Ghanaian economy, the bank managed to increase its total revenue for 2022 by 40.3% to 2.97 billion GHC. Ecobank Ghana PLC explains that this growth was driven by mainly increases in net interest income, as well…
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Moody’s downgrades Ghana’s rating from Caa1 to Caa2
Rating agency, Moody’s has downgraded Ghana’s long-term issuer and senior unsecured debt ratings from Caa1 to Caa2 and placed the ratings on review for downgrade. Moody’s, in February this year, downgraded Ghana from B3 to Caa1. The agency contends that the further downgrade stems from the government’s decision to seek support from the International Monetary…
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Gov’t is working to invest heavily in aviation sector – Kofi Adda
The Aviation Minister, Joseph Kofi Adda, says government is working to secure investment worth billions of dollars to expand airport infrastructure as part of a bigger plan to make Ghana an aviation hub in the sub-region. Joseph Kofi Adda, made this known to Citi Business News on the sidelines of a media engagement on Monday,…
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Construction Industry Chamber urges Gov’t to involve them in new hospitals project
The Ghana Chamber of Construction Industry has asked government to consider members of the association in the plan to build 88 district hospitals across the country. Government as part of efforts to improve access to healthcare announced to construct 100 bed hospitals in 88 districts nationwide. In addition, government would also provide new regional hospitals…
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Youth in agribusiness: RMG Ghana’s reality show on farming to whip up interest
As part of efforts to encourage Ghana’s youth, especially graduates to take agriculture seriously, RMG Ghana, one of Ghana’s leading supplier of agro inputs to the Ghanaian economy, is set to launch a reality show on farming. The show, which will be aired on Ghana’s fastest growing television network, Citi TV, will provide an opportunity for…
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Consumers lament ‘high cost’ of courier services as E-commerce booms
As internet and mobile phone usage increases, it is not only connecting people, but also facilitating e-commerce, making it easy for people to purchase items or deliver same conveniently. This is often made possible by the growing number of courier services in the country. While this is becoming the preference for many, there’s an emerging…