US New Home Prices Hit Record In May
Sales of new homes in the United States picked up in May, with prices hitting their highest levels on record, the Commerce Department reported Friday. Coming at the start of the peak home-buying...
Tag: Business_Finance
Chase Petroleum To Build Court, Library For Kpone Traditional Area
Chase Logistics, as part of its corporate social responsibility initiatives, has cut sod for the construction of a magistrate court facility; and a modern library for the Kpone area in the Greater...
There Is No Plastic Rice On the Ghanaian Market – FDA Asserts
The Food and Drugs Authority (FDA) has categorically denied rumours that there is plastic rice on the Ghanaian market. Addressing the media at a press conference in Accra on Friday, June 23, 2017,...
Market Numbers To Soar Today Due To Pending Holiday
The market numbers in terms of values and volumes of shares so far has been impressive this week on the back of increased speculative activities on stocks such as UT Bank and SIC. As rightly...
We’re Co-Operating With GRA Over Tax Issues
ACI Construction Company Limited, a subsidiary of Agams Holdings, says it is cooperating with the Ghana Revenue Authority (GRA) towards a speedy resolution of tax issues which resulted in the tax...
Oil Revenue Not Understated — GNPC
The Ghana National Petroleum Company (GNPC) has denied allegations made by the Public Interest and Accountability Committee (PIAC) that oil revenues were understated in 2016, arguing that, monitoring...
Aggrieved Microfinance Customers Cry To Nana Addo
Disgruntled customers of COM-AID Microfinance Limited in the Upper East Region, have appealed to President Nana Akufo-Addo to direct the Builsa South District Chief Executive, Daniel Kwame Gariba, to...
Possible Price Drop In Commodity-Based Stocks In the Short Term
Continuous dip in some key commodity prices on the world market is likely to impact the output of certain commodity-bound listed companies on the Ghana Stock Exchange. The world price of Crude Oil...
All Set For The Innovation Summit Tomorrow
One of the highlight events of the Citi Business Festival—The Innovation Summit comes off tomorrow at the Labadi Beach Hotel at 6:30pm. The Innovation Summit is a conversation on how to create...
Uber Chief Executive Kalanick Resigns
Uber boss, Travis Kalanick, has resigned as chief executive after pressure from shareholders. His resignation comes after a review of practices at the firm and scandals including complaints of sexual...
Ford To Move Focus Production To China
Ford is to move US production of its new Ford Focus car to China in 2019, despite having faced pressure to keep manufacturing jobs in America. The carmaker said the decision would not lead to layoffs...
Asia Markets End Week On Quiet Note As US Healthcare Bill Returns
Asian markets limped into the weekend, with energy firms still struggling after a bruising few days, while investors eye Donald Trump's revised healthcare bill hoping its success will open the way...
Major US Banks Would Withstand Recession
The largest US banks would withstand a severe recession and still be able to lend to American households and businesses, the Federal Reserve announced Thursday. The results of the first part of the...
BOST Defends Sale of ‘contaminated’ Fuel To Oil Company
The Bulk Oil Storage and Transportation Company (BOST) has defended its decision to sell off contaminated or off-spec product to oil company, Movenpiina. Documents sighted by Citi Business News...
BOST Reacts To Off-Spec Reports, Touts That Due Process Was Undertaken
The Bulk Oil Storage and Transportation Company Limited (BOST) has denied media reports that it is losing over GHC 7m by selling off-spec (substandard) products at a cheaper rate which would cost the...
Impressive Performance Expected On SOGEGH This Year
Societe Generale Ghana (SOGEGH) appears to have a firm footing within the banking industry since it successfully deployed a brand expansion strategy last two years. The French bank has managed to...
US Aluminum Makers Point Finger At China, Call For Tariffs
Chinese overproduction is sending the US aluminum industry into near collapse, endangering supplies of materials critical to American defense and national security, manufacturers told a public...
Tesla Eyes Manufacturing In China
Tesla said Thursday it was considering the possibility of manufacturing in China as it ramps up for expansion of its line of electric-powered cars. The California company founded by entrepreneur Elon...
Tamale Teaching Hosp. Management Rubbish ‘cash & Carry’ Untruths
Management of the Tamale Teaching Hospital has refuted claims that patience are made to pay before healthcare is delivered. A group calling itself Coalition for Change in Government Institutions on...
France’s Altice USA Rallies In New York Market Debut
Altice USA shares rallied Thursday in their New York market debut after the telecom group controlled by French billionaire Patrick Drahi raised some $1.9 billion in an initial public offering. Shares...