• Supreme Court strikes out non-bailable offences law

    The Supreme Court has by a 5-2 decision struck out Ghana’s law on non-bailable offences. The court described the law, which has been in existence for nearly three decades, as “unconstitutional.” Per the ruling which was made today [Thursday], a court that has the jurisdiction to hear cases such as murder, ...

  • adb misses deadline to list on GSE

    Attempts by the Agricultural Development Bank (adb) to list on the domestic bourse may take a little longer than expected as the bank is yet to get government’s approval. The bank has already missed two deadlines it set to list on Ghana Stock Exchange (GSE). Citi Business News understands the ...

  • Citi Breakfast Show, Tuesday, 3rd May, 2016 .MP3

    Workers of the Electricity Company of Ghana (ECG)have revealed their intention of embarking on a sit-down strike in their offices to protest government’s plan to outsource some services of the company. The Citi Breakfast Show team discussed the issue. The Family Finance series also kicked off today on the show, ...

  • African Universities urged to utilize online interactions

    Professor Ernest Aryeetey, Vice Chancellor of the University of Ghana has challenged African Universities to explore innovative ways of engaging students through Massive Open Online Courses (MOOCs) in order to stay competitive and relevant in the light of globalization. He explained that expansion in the flow of goods and services ...

  • Fuel prices up by 4%

    Some Oil Marketing Companies (OMCs) in Ghana have increased the prices of petroleum products sold at the pumps by about 4 percent, Citi Business News checks have shown. The increment is part of a two week price review window following the full deregulation of the petroleum downstream sector. The increase ...

  • Stop complaining, our energy situation better than others – Spio

    The Minister for Trade and Industry, Dr. Ekow Spio-Garbrah has asked Ghanaians to appreciate the strides made by government in improving the country’s energy situation rather than complaining. According to him, Ghana’s current energy situation is much more efficient than that of many other African countries. He said the country’s installed ...

  • State how you’ll turn economy around – TUC to political parties

    The Trade Union Congress (TUC) has asked all political parties to tell Ghanaians what policies they will use to turn Ghana’s economic situation around, should they win the November 7 elections. The General Secretary of the Congress, Kofi Asamoah, said this in his May Day address in Wa. “We expect ...

  • Mahama charges TUC to resolve confusion in labour front

    President John Dramani Mahama has charged the Trade Union Congress (TUC) to immediately resolve the agitations within the labour front which have led to some unions breaking away from the mother unions. Workers of the Ghana Cocoa Board (COCOBOD) last Friday announced that the company had broken away from its mother union, ...

  • Nana Konadu to lead NDP in 2016 polls

    Founder of the National Democratic Party (NDP), Nana Konadu Agyemang Rawlings has been declared the Presidential candidate to lead the party in the November polls. The declaration was made by a representative of the Electoral Commission at the party’s conference held today [Saturday] at the Trade Fair centre in Accra. ...

  • BoG injects 100 million dollars into agric sector

    The Bank of Ghana says it has initiated measures to address challenges facing the country’s agric sector as part of efforts to improve the sector’s contribution to economic growth. Agriculture’s contribution to GDP has been declining over the years partly due to the low output of farmers as well as ...

  • Group sues EC over ROPAL

    A UK based advocacy group, Progressive Alliance Movement (PAM) has sued the Electoral Commission [EC] at an Accra High Court to seek an immediate implementation of the Representation of the People Amendment Law (ROPAL), Act (699). The controversial law was passed in 2005 to enable Ghanaians living abroad to vote ...

  • Rawlings prays for peaceful election

    Ghana’s former President, Flt Lt Jerry John Rawlings, has in a meeting with compatriot Hifikepunye Pohamba of Namibia, expressed the hope that this year’s Presidential and Parliamentary elections will be peaceful. Mr. Rawlings said the vigilance of the people and the determination of the law enforcement agencies would be key ...

  • Your economic opportunities don’t exist – Karbo fires Mahama

    A pro-opposition pressure group, the Truth Forum, has cast serious doubt about President John Mahama’s ability to deliver economic prosperity to the people of Ghana saying the country’s economy has been managed poorly under his leadership. The group argues that Ghana’s economy presently has a gloomy outlook and it will ...

  • Government warned over 4% projected growth rate

    Rand Merchant bank’s Africa Macro Strategist for Global Markets Madam Celeste Faauconnier has warned that, Ghana may not attain the projected 4 percent growth rate. Madam Faauconnier disclosed this to Citi Business News at the sidelines of the business Breakfast and Economic forum held in Accra by First National Bank Ghana, ...

  • Tamale to host first ‘MADE’ Agribusiness event

    The Market Development Programme for Northern Ghana (MADE) in partnership with Deloitte, is organizing an Agribusiness and investment event in Tamale on May 5th 2016. This event will serve as a platform to address challenges as well as unearth and promote investment opportunities in Agribusiness in Northern Ghana. MADE is ...

  • KIC hosts Agritech exchange programme

    Following its March 2016 launch, the Kosmos Innovation Center (KIC), in partnership with the Meltwater Entrepreneurial School of Technology (MEST), hosted Ghana’s inaugural AgriTech Exchange on April 13th and 14th 2016. The Exchange consisted of a series of highly interactive and informative brainstorming sessions; helping young MEST entrepreneurs build the ...

  • Attaining growth targets: GIPC focuses on manufacturing sector

    The Ghana Investment Promotion Centre (GIPC) says a robust manufacturing sector will be key to Ghana’s 2016 economic growth. According to the GIPC, Ghana’s import based economy must be reduced to be able to support growth. President John Mahama last week predicted an end of year economic growth of 4 ...

  • Trade Fair Centre faces collapse over huge electricity debts

    The Trade Fair Centre in Accra faces an imminent collapse after the Electricity Company of Ghana (ECG) cut power to the facility for almost a year over accumulated debts. Citi Business News understands the centre, once a thriving business hub, owes electricity bills in excess of 349,000 cedis. The development ...

  • AGI pessimistic about Ghana’s growth in 2016

    The Association of Ghana Industries (AGI) has raised doubts about Ghana’s economy experiencing some growth in 2016. The AGI contends that Ghana is uncompetitive when it comes to doing business and will not be able to achieve any significant growth. The association’s comment follows President John Mahama’s assertions that Ghana’s ...

  • Foreign investors freeze investments to Ghana over EPA delay

    Some foreign investors have revealed to Citi Business News, they have been forced to freeze capital investment into Ghana, following government’s delay in signing the Economic Partnership Agreement (EPA) with the European Union (EU). Majority of exporters in Ghana have warned they will be forced to halt operations in the ...

  • Largest fish processing company in Ghana to relocate if…

    Leading tuna producer, Pioneer Food Cannery, has served notice of relocating to another country if Ghana does not sign the Economic Partnership Agreement (EPA) with the European Union (EU) by October 1, 2016. Ghana has until October 1, 2016, to sign the EPA with the EU to prevent the union ...