News

NPRA gets tough on employers to pay SSNIT contributions

NPRA

The National Pensions Regulatory Authority (NPRA) has renewed its call on companies to ensure the payment of the pensions of their workers. The call comes at a time the regulator is keen on increasing the number of informal workers to enroll onto the nation’s pension scheme. The Authority, early this year, introduced incentives in the pension space such as the ...

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ECG Bidders’ Conference slated for 3 weeks

ECG

Citi Business News can confirm that the Bidders’ Conference that is expected to assemble all the six concessionaires for the privatisation of the Electricity Company of Ghana will take place in two to three weeks time. The Conference which was earlier scheduled to take place in December 2016 was postponed after the Trades Union Congress petitioned the erstwhile John Mahama ...

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We want 51% in ECG privatization compact- Nana Addo declares

Women Policy

President Akufo-Addo has stated that government will stand by its decision to amend the Private Sector Participation (PSP) compact of the Electricity Company of Ghana(ECG) with the Millennium Challenge Corporation(MCC). Under the agreement, which is known as the Power Compact II, the government is expected to allow about 80 percent private sector control in ECG for the country to benefit ...

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COCOBOD set to rehabilitate cocoa farms

Cocoa Prices

The Ghana Cocoa Board (COCOBOD) is to undertake massive rehabilitation of cocoa farms in the country. In view of this, all cocoa trees over 30 years on about 50,000 hectares of cocoa farms would be destroyed and replanted at no cost to the farmer. In addition, owners of those farms will be compensated. Currently, 80 percent of cocoa farms affected ...

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CWG awards UG’s best graduating student in Computer Science

CWG

CWG Ghana has rewarded the best graduating student of the Computer Science Department of the University of Ghana, Legon, Jessie Kwakyewa Effah, as part of its Corporate Social Responsibility (CSR) programme. Ms Effah beat over 120 other students to pick up the top prize with a Cumulative Grade Point Average (CGPA) of 3.63 and earned a standing ovation at the ...

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Busy4G champions youth agenda

The Afrimax Group, operators of BusyInternet in Ghana, has reiterated its focus to drive the education agenda across its African markets, in line with its strategy to empower the youth through its three-pronged approach, which consists of a graduate development program, a student brand ambassador program, and an online educational platform called JUMP. “A key pillar in our strategy is ...

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BoG Governor Dr. Issahaku resigns

BOG Governor Central Bank

The Central Bank Governor, Dr Abdul  Nashiru Issahaku has resigned. 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 the move. Dr. Issahaku was appointed Governor of the Bank of Ghana by former President, John Mahama in April, ...

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Weekends unwinds weekly stress

Best Year

In Ghana, we spend our working weeks in a desperate battle against deadlines and battling an ever-growing to-do list. But while the Monday-Friday haul is all about maximizing our productivity and efficiency, weekends should be a time to relax. The Forex Currency trader that doesn’t want to take weekends off. Traders wishing to speculate at all hours of the night ...

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AMERI power deal: My hands are clean – John Jinapor

John Jinapor

Former deputy Minister for Power, John Jinapor says he is ever ready to assist the government in its quest to ensure due diligence in the power purchasing agreements signed by the erstwhile Mahama-led administration. His comment comes after it emerged that the agreement signed with Africa and Middle East Resources Investment Group’s (AMERI Energy) on February 10 agreement signed in ...

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Cedi depreciates by 5 percent in March – BoG report

Cedi / Dollar Performance

Latest figures by the Bank of Ghana have shown that the cedi’s depreciation against the dollar for March 2017, is five times more than the rate of depreciation recorded in the same period in 2016. The cedi has depreciated from 0.9 to 5 percent within the twelve months period. Also, in March 2017, the local currency depreciated by 7.5 and ...

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