GET IN TOUCH
 
 
 
 
 

Business

Ghana, Cote d’Ivoire sign strategic pact to ‘control’ cocoa sector

Ghana and Cote d’Ivoire have resolved to address the challenges of the cocoa sector, within the framework of the implementation of the Strategic Partnership Agreement which links the two countries, by signing the “Abidjan Declaration.” With the two countries responsible for 60% of the world’s cocoa output, fluctuations of cocoa prices on the international market, marked by a fall of ...

Read More »

Red flags over local content in ECG as bidders submit proposals (Audio)

Ghana could be losing significant benefits from the power sector in the absence of a local partner for the concessionaires bidding to assume management of the Electricity Company of Ghana (ECG). This is the concern of Policy Analyst with ISODEC, Dr. Steve Manteaw. His argument follows the submission of proposals by two companies bidding for the management of the power ...

Read More »

Bidders for ECG concession drops to two

Citi Business News can confirm that the number of bidders for the private sector participation in the Electricity Company of Ghana (ECG) has dropped to two. The latest follows the close of submission of request for proposals today, March 26, 2018. A statement from the Millennium Development Authority (MiDA) and copied to Citi Business News said that at the close of the submission, ...

Read More »

Vodafone unveils world’s largest digital jobs programme

Vodafone has today announced the launch of an international digital skills programme to provide career guidance and access to training content in the digital economy for up to 10 million young people across 18 countries. The Vodafone digital skills and jobs initiative is the largest of its kind in the world. Vodafone has also announced plans for a significant increase ...

Read More »

Mixed reactions meet BoG’s cut in policy rate

Bank of Ghana

There are mixed reactions to the Bank of Ghana’s new policy rate of 18%. The central bank on Monday, March 26, 2018 announced that it has reduced the policy rate by 200 basis points after concluding its Monetary Policy Committee (MPC) meetings for the quarter. The Governor of the Bank of Ghana, Dr. Ernest Addison among others mentioned that the ...

Read More »

BoG reduces policy rate to 18%

The Bank of Ghana has reduced the policy rate to 18 percent. This represents a 200 basis points reduction in the policy rate which was at 20 percent. Today’s announcement of a reduction is the first after the rate was maintained earlier in the year. The policy rate is the rate at which the central bank lends to commercial banks ...

Read More »

Mcottley Capital Assures Ghanaians of Exciting Products & Services

McOttley Capital, a leading financial institution in the country, has re-affirmed its commitment to providing innovative and world-class products and services to its customers across the nation. A statement from the company said the operations of McOttley Capital remains stable, adding that, it shall continue to offer exciting tailored-made products and services to its clients, guided by its values of ...

Read More »

Free SHS has thrown budget out of gear – Terkper

Former Finance Minister, Seth Terkper is urging government to put in place proper measures to finance the Free Senior High School (SHS) project. According to him, the high cost of the project is already throwing government’s budget out of gear. “For me I’m looking at the figures…Out of GHc240 million that was going into the ABFA [Annual Budget Funding Amount] ...

Read More »

Bank of Ghana; the Gov’t of Ghana’s Holy Grail

“Bank of Ghana appoints official administrator for uniBank Ghana Limited” I’m sure it came as a surprise to many players in the financial sector. It’s simple, KPMG has been appointed by BoG to take over the helm of affairs at uniBank to try and rehabilitate the bank within a period of six months, and return it to regulatory compliance. After ...

Read More »

BoG enforces separation of powers with new directive

“No one individual shall have unfettered powers of decision in any regulated financial institution.” As a result, no one person shall assume two top positions in any regulated financial institution. These are but a few of the strong words contained in the Bank of Ghana’s new banking business – corporate governance directive. The document comes barely a week after the ...

Read More »