The promise of jobs and change in lives that came with the establishment of the Aveyime Rice factory has been shattered. Two years since the Prairie Volta Limited (Aveyime Rice factory) was shut down by its management, the equipment The government of Ghana owns 60 percent shares in PVL as the majority shareholder with 30 … Read more
The National Organizer of the National Democratic Congress (NDC), Kofi Adams has defended a decision by the Police and the Electoral Commission to add names of new recruits to the list of persons expected to take part in this year’s special voting exercise. According to him persons who feel aggrieved over the issue could sue … Read more
The National Organizer of the National Democratic Congress (NDC), Kofi Adams has defended a decision by the Police and the Electoral Commission to add names of new recruits to the list of persons expected to take part in this year’s special voting exercise. According to him persons who feel aggrieved over the issue could sue … Read more
The Bank of Ghana (BoG) has disclosed that it is investigating allegations made by the Union of Industry, Commerce and Finance Workers (UNICOF) against the Managing Director and Board Chair of ARB Apex Bank. UNICOF, yesterday demanded that the central bank publish its investigations on alleged mismanagement by the Managing Director of the Bank, Kwadwo … Read more
The Bank of Ghana (BoG) has disclosed that it is investigating allegations made by the Union of Industry, Commerce and Finance Workers (UNICOF) against the Managing Director and Board Chair of ARB Apex Bank. UNICOF, yesterday demanded that the central bank publish its investigations on alleged mismanagement by the Managing Director of the Bank, Kwadwo … Read more
The Union of Industry, Commerce and Finance Workers (UNICOF) is demanding that the Bank of Ghana publishes the outcome of its investigations into the alleged mismanagement by the Managing Director of ARB Apex Bank to save the bank from further misfortune. It follows calls by the union for the MD, Kwadwo Aye Kusi to be … Read more
The Eastern Regional branch of the Electricity Company of Ghana (ECG), has retrieved over GHC 450.000.00 from illegal connection activities perpetuated by some customers in the region. Illegal activities such as illegal connections, non-payment of bills and cable theft, have been a major hindrance to the smooth operations of the company in the region. In … Read more
The Eastern Regional branch of the Electricity Company of Ghana (ECG), has retrieved over GHC 450.000.00 from illegal connection activities perpetuated by some customers in the region. Illegal activities such as illegal connections, non-payment of bills and cable theft, have been a major hindrance to the smooth operations of the company in the region. In … Read more
Citi Showcase: Patrick Awuah and the Ashesi Dream (Part One) Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond. (Via: CitiFM Online Ghana)
Mortgage house, Ghana Home Loans has disclosed to Citi Business News it will commence operations as a bank by the first quarter of next year (2017). According to the CEO of the company, Mr. Dominic Adu, the company is anticipating to complete some pre-requirements to facilitate a smooth take off early next year. “We have … Read more
The Citi Breakfast Show team on Thursday November, 17, 2016 discussed the Supreme Court’s judgement that cleared former Attorney General, Martin Amidu’s application for the court to allow him examine Businessman Alfred Agbesi Woyome. Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get … Read more
The Finance Ministry has hinted to Citi Business News it will soon present the new Payment Services Regulation to the Attorney General (AG)’s Department for further scrutiny. The Payment Services Regulation is to replace the Electronic Money Issuers (EMI) Guidelines which currently regulates electronic financial services in the country. “Truly there is a new set … Read more
The Finance Ministry has hinted to Citi Business News it will soon present the new Payment Services Regulation to the Attorney General (AG)’s Department for further scrutiny. The Payment Services Regulation is to replace the Electronic Money Issuers (EMI) Guidelines which currently regulates electronic financial services in the country. “Truly there is a new set … Read more
Information available to Citi Business News indicate that MTN Ghana is yet to complete processes that will allow it to cede part of its operations to the public. It comes a month after the telecommunication company commenced moves to cede 35 percent of its stake to the public through the floating of shares. Though SEC … Read more
Some commercial banks have told Citi Business News they are highly optimistic of increased deposits towards the end of year despite the upcoming general elections. Though the banks admit of a general decline in economic activities, they are confident that will least affect their targets for 2016. “Of course elections will be with us always … Read more
Information available to Citi Business News indicate that demand for home loans from mortgage houses has not declined despite a drop in home loan application from commercial banks. Though the mortgage houses admit not all applications may be granted at any particular point in time, they contend demand is still satisfactory. “There is a demand … Read more
The Citi Breakfast Show team on November 11, 2016 discussed government’s intentions to make the Arabic language an examinable subject in various schools. Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more … Read more
Government has raised 438 million cedis ($110 million) worth of bids for its first 10-year domestic bond issued today at a cost of 19 percent. The bond which will mature in 2026 was also opened to foreign investors. Citi Business News has gathered that the bond drew bids of 726 million cedis, far more than … Read more
A prominent feature in the election season is the massive outdoor campaigns by the various political parties. This is because outdoor campaigns are inevitable for any well meaning political party seeking power. In a bid to get their messages across, the political parties also spend huge monies on such activities. As part of Citi Business … Read more
Some customers of DKM Microfinance Company have threatened to hit the street on Friday November 11, if the Official Liquidator of the company fails to rectify all anomalies related to the payment of their locked up cash. The Official Liquidator for DKM, the Registrar General’s Department, yesterday November 7, told Citi Business News, all aggrieved … Read more