GOIL Reduces Fuel Prices Again
For the second time in March this year, GOIL has reduced prices of its petroleum products at its fuel stations across the country GOIL’s Super XP (petrol) has been reduced by five pesewas per litre...
Tag: economy
BoG Governor Dr. Issahaku Resigns
Citi Business News has gathered his resignation takes effect from the 1st of April, 2017. It’s unclear what led to his resignation but the Governor is reported to have cited personal reasons for...
Santander USA To Pay $26 Mn In Subprime Auto Settlement
Santander will pay about $26 million to settle charges it engaged in predatory subprime auto lending and loan securitization in the US states of Massachusetts and Delaware. Santander Consumer USA, a...
India’s Parliament Passes Key Tax Reform Bills
India's lower house of parliament on Wednesday passed four supporting bills that will pave the way for a landmark tax reform and transform the world's fastest growing economy into a common market....
US Fed Official Favors 4 Interest Rate Hikes This Year
A US central banker said on Wednesday he favors four increases in the key interest rate this year, one more than projected by the majority of Federal Reserve policymakers. Boston Federal Reserve Bank...
Roads Can Cost 10% Less With Competitive Bidding
Deputy Roads Minister-designate, Kwabena Owusu Aduomi, has advocated for an open competitive bidding in the award of road contracts. He explained government could save about 10 percent on the cost...
Israel Defence Exports Surge To $6.5 Bln
Israeli military exports surged last year to $6.5 billion, a rise of 14 percent buoyed by increased defence budgets, the government said Wednesday. Total deals rose $800 million compared with 2015,...
China’s Tencent Buys 5% Stake In Tesla
Chinese tech giant Tencent has spent $1.78bn (£1.4bn) on buying a 5% stake in electric carmaker Tesla. Tencent, best known for its WeChat mobile app, has been investing in a number of sectors,...
GOIL Announces Another Reduction In Fuel Prices
CIMG Petroleum Company of the year, GOIL, has taken the lead to reduce its ex-pump prices of petroleum products again, the second before the end of the March window. A statement released in Accra...
GHC 70,000 Salary For COCOBOD CEO Unthinkable – Hackman
The new Board Chairman of the Ghana Cocoa Board (COCOBOD), Hackman Owusu-Agyeman, believes the slashing of the “outrageous” salaries of COCOBOD’s top management is only a reasonable step to...
African Entrepreneurs Need To Start Thinking Globally – Senyo Hosi
The Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi has advised African entrepreneurs to think globally and focus on making their products and services suitable...
FMO, BIO Partner Fidelity Bank Ghana To Support SME Borrowers
FMO, the Netherlands Development Finance Company and BIO, the Belgian Investment Company For Developing Countries, are providing continued support to the financial sector in Ghana with long-term...
GHc 70,000 Salary For COCOBOD CEO Unthinkable – Hackman
The new Board Chairman of the Ghana Cocoa Board (COCOBOD), Hackman Owusu-Agyeman, believes the slashing of the “outrageous” salaries of COCOBOD’s top management is only a reasonable step to...
Court’s Roof Ripped Off By Heavy Storm
Staff and clients of the Dunkwa Magistrate Court in the Upper Denkyira East Municipality of the Central Region were last Monday left stranded after a heavy rain storm ripped off the roof of the court...
‘Brand Yourselves For the Job Market’
Marketing Director at Vodafone Ghana, Mrs. Agnes Essah, has urged students, who would soon be prospective job seekers to brand themselves for the corporate world. She said in the competitive...
Dep. Finance Minister Designate Warns Against Cap On Banks
A Deputy Finance Minister designate, Charles Adu Boahen has warned against capping the number of banks in the country. Calls for a cap on the number of banks in the country have increased following...
Zoomlion Appeals To Government To Reduce Import Duties On Waste Collection Trucks
Waste management giant, Zoomlion Ghana Limited has appealed to government to consider a cut on import duties on waste collection trucks for smaller organizations. According to Zoomlion, smaller...
Electricity Tariffs Too High, Uncompetitive In the Sub-Region
Ghana’s electricity tariffs are too high and uncompetitive for domestic and commercial consumers in the West African sub-region, according to the Deputy Minister-designate for Energy, Dr. Mohammed...
Toshiba’s US Atomic Unit Files For Bankruptcy Protection
Toshiba's loss-hit US nuclear unit Westinghouse Electric (WEC) has filed for bankruptcy protection, the companies said Wednesday, as the troubled division wrestles with multi-billion losses and...
US$1.8bn Cocoa Syndicated Loan Exhausted – Hackman
The newly sworn-in Chairman of the Ghana COCOBOD, Mr. Hackman Owusu-Agyeman has disclosed that the US$1.8 billion Cocoa Syndicated Loan meant for this year’s cocoa production season has been...