Checks by Citi Business News in some parts of the national capital indicate that business activities are slowly picking up. Most shops have resumed work today as compared to election day, which was on December 7, 2016. On Wednesday, December 7, 2016, most shops were closed at the Okaishie market centre and its environs. Same … Read more
The Citi Breakfast Show team on Thursday December 1, 2016 focused on the special voting exercise ongoing across the 275 constituencies. 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, … Read more
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 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 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
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
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
Few days to the general elections on December 7, some exporters, importers and clearing agencies at the Tema Port have disclosed to Citi Business News that economic activities have slowed down. According to them, the general economic boom that is experienced few weeks to the end of the year has slowed down compared to the … Read more
Each player of the Ghana U17 female national team has been paid $1000 each out of the $2,000 owed them to leave the Maresat Plaza Hotel. This comes after the players, and the technical team refused to leave the Maresat Plaza Hotel until all their per diems and bonuses are fully paid. The team has … Read more
Over 300 validated creditors of DKM Diamond Microfinance in the Upper East Region, have threatened to disrupt the payment process at the Bolgantanga branch of the GCB Bank on Tuesday, if they are not paid their investments today. The agitations follow the inability of the representative of the Official Liquidator at the bank, to complete … Read more
At least 4000 creditors of DKM Microfinance are expected to be paid their locked up deposits today, as the Official Liquidator commences payments. According to the Official Liquidator, each of the eight designated branches of GCB Bank is expected to attend up to 500 customers every day till all the payments are concluded. “The eight … Read more
The transaction is going on very well and the target of between 25 and 50 million dollars will be achieved. This is the assurance from the joint book runners of government’s first local dollar bond. The bond, which was issued last week Monday, is expected to close today. A statement on the issue from the … Read more
The Official Liquidator of DKM Diamond Microfinance, the Registrar – General’s Department has told Citi Business News that it will publish the list of validated creditors of the microfinance company today. Initially, names of all the validated creditors of DKM Diamond Microfinance were scheduled for publication last Friday but was cancelled. The department later explained … Read more
Ghana has lost nearly GHc 6 billion over a three year period, according to a report from policy think tank, IMANI Africa’s. The amounts were officially reported missing or misused between 18 ministries, departments and agencies (MMDAs), and 19 public boards and institutions. The report also implicated 10 polytechnics and pre-University Educational institutions. “There were … Read more
A suspect sought over a fatal gun attack at a shopping centre in Washington state on Friday evening has been captured, police say. Police have named him as Arcan Cetin, 20, of Oak Harbor, Washington. He was born in Turkey and is a legal US permanent resident, officials say. The arrest took place in Oak … Read more
Over one hundred and fifty lower court judges are planning to abandon the court next week if their demands for a ten percent salary increase are not adhered to. A letter from the Chief of Staff seen by Citi News some months ago, approved the demands of the judges. But the judges say government has … Read more