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Author Archives: Lawrence Segbefia

Debt stock to reduce slightly by end of year – Dr. Bawumia

Dr. Mahamamud Bawumia

Vice President, Dr. Mahamudu Bawumia has stated that Ghana’s debt stock is declining contrary to assertions that it is going up due to the issuing of more bonds. The government, since it took over, has issued bonds to the tune of about 40 billion cedis in the first six months. But responding to question from Citi FM’s Bernard Avle at ...

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President nominates Dr. Kofi Mensah as MD of adb

Dr. John Kofi Mensah

Citi Business News can confirm that President Akufo Addo has nominated Dr. John Kofi Mensah as the new MD of Agricultural Development Bank (adb). Dr. Mensah’s nomination is subject to approval by the Board of Directors of the bank. If approved, he will take over from Mr. Daniel Asiedu, who was appointed MD of the bank on March 1st 2016. Despite ...

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Infographic: Ghana’s road infrastructure poor- Report

bad-road

A new report published by the Ghana Institution of Engineers(GhIE) has scored Ghana’s road infrastructure as poor, lacking the capacity to meet international standards. The report titled “Ghana Infrastructure Report Card 2016” scored the country’s road network, electric power and water infrastructure  with a grade of D3, representing poor. – By: Lawrence Segbefia/citibusinessnews.com/Ghana

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Ecobank is 2016 Bank of the Year  

ecobank-wins

Ecobank Ghana Limited has been adjudged the Bank of the Year, at the 16th Edition of the Ghana Banking Awards (GBA) held in Accra. Ecobank also won the award for Financial Performance and award for Corporate Social Responsibility. Fidelity bank was the winner of the 15th edition. Below is the list of the top winners Customer Care – Prudential Bank Advisory Services ...

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Ogilvy Ghana MD elevated to position of Regional MD

ak-2

Ogilvy and MatherWorldwide, has announced that the role of its Ghana MD, Akua Owusu-Nartey, has evolved to the position of Regional Managing Director of Ogilvy Africa Group, reporting to Mathieu Plassard, CEO, Ogilvy Africa. The new role, which took effect from 1st of July, is in recognition of Akua’s sterling performance in the organic growth of existing clients and the ...

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Gap between the poor and rich widens-UNICEF Report

poor

Latest statistics by UNICEF have shown that the gap between the rich and the poor in Ghana continues to widen due to a lack of inclusive development. The statistics show that the Northern, Upper East and Upper West Regions continue to suffer the lowest pace of development and highest rate of poverty. This comes despite a drop in the poverty ...

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Akufo-Addo announces $100m for NEIP

nana-akufo-addo

President Nana Akufo-Addo has announced that government has setup a 100 million dollar package to fund the National Entrepreneurship and Innovation Plan (NEIP). The initiative is aimed at supporting young entrepreneurs to grow their businesses. Speaking at the launch of the plan, President Akufo-Akufo said his major priority is to address the issue of unemployment in the country. Outlining four ...

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Gov’t increases minimum wage by 10%

Ignatius Baffour Awuah - Employment and Labour Relations Minister

Government has announced a 10 percent increase in the daily minimum wage for workers. A statement issued by the Ministry of Employment and Labour Relations and cited by Citi Business News, said the decision was taken by the National Tripartite Committee. The statement was jointly signed by Employment and Labour Relations Minister Ignatius Baffuor Awuah, for government, Terence Darko, for the ...

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First batch of Wisconsin law students graduate  

wis

The acting Vice Chancellor of Wisconsin International University College, Ghana Dr. Carlos Arrow has counseled a group of law grandaunts from the school to uphold professionalism. According him, the profession is governed by ethics and rules that must be respected at all times. Dr. Arrow said this in speech when the first batch of law students from Wisconsin International University ...

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Yara Ghana holds stakeholder dialogue on fertilizer trials

Mr. Danquah Addo-Yobo

Yara Ghana Limited has held its first stakeholder dialogue today on fertilizer trials and demonstrations at La Palm Royal Beach Hotel, Accra. The forum sought to deliberate and review field trials and demos of Yara fertilizers. Yara Ghana Limited, established in 2007 to strengthen the quality and depth of input supply and related services, along agricultural value chains to increase ...

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