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...
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....
Despite reports that the Bank of Ghana(BoG) may compel all banks in the country to meet the new capital requirement shortly, Banking Consultant, Nana Otuo Acheampong has told Citi Business News the...
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...
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...
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...
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...
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...
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...
Fears of a likely collapse of a number of banks in the country have been reinforced following new revelations that government may not abide by the agreed payment plan to clear debts owed banks by...
The Electoral Commission (EC) has said demands being made by its staff for a 50% of their basic salaries as unsociable allowance will not affect the professional conduct of the workers. According to...
The world’s biggest investment banks saw combined revenues sink by 15 per cent in the first half of this year, the most since the aftermath of the financial crisis, underlining the urgency of...
The relative high cost of properties in Ghana’s real estate industry may be reduced if Ghana stems up measures to reduce interests and regulate land acquisition processes. This is the view of...
Citi Business News has gathered that shipping lines are yet to begin a refund of illegal Terminal Handling Charges (THC) at the ports almost a week after the Transport Minister ordered for the...
The Director – General of the Securities and Exchange Commission (SEC), Dr. Adu Anane Antwi, is calling on investment advisors to come up with innovative ways to attract investors to invest in...
Citi Business News has gathered that government has set Wednesday to discuss details and possibly reach an agreement on demands being made by the Public Utility Workers’ Union (PUWU). The meeting...
The Chief Executive Officer of Dalex Finance, Mr Ken Thompson, says the risk of default on Finatrade's GH¢1.2 billion debt to 26 banks could have been minimised, if the affected institutions were...
The managing director of HFC Bank, Mr Robert Le Hunte, has called on the government to consider a tax credit on the interest income on mortgage to encourage more uptake of mortgage facilities by...
