Fossil fuel consumption is inevitable in both obvious and subtle ways. The widespread use of these resources have immensely improved living conditions across the globe. From the use of electricity, the vehicles we operate and most of the goods consumed, fossil fuels are arguably the spine of modern society because the productive and meaningful lives …
The year on year inflation rate for the month of January dropped to 10.3 percent from 11.8 percent recorded in December, 2017. This rate of inflation for January 2018 is the percentage change in the Consumer Price Index (CPI) over the twelve-month period, from January 2017 to January 2018. The monthly change rate for January …
Poultry farmers in Ghana will have some relief as more private investors introduce new feed for the farmers. New entrant, Park Agrotech Ghana Limited, has outdoored its latest poultry feed called the ‘Lay More’, onto the market to increase poultry yield. In an interview with Citi Business News, Managing Director of Park Agrotech Ghana Limited, …
The Bank of Ghana is hoping that banks will soon reduce their interest rates on loans to reflect the continuous drop in the policy rate. The central bank believes that the development should also help correct the balance sheets of banks by reducing the Non-Performing Loans. This was among the key issues raised at a …
Global environmental issues are getting more attention due to the rising threat of global warming and climate change. The inter-governmental panel on climate change (IPCC) reports a 1.1 to 6.4°C increase of global temperatures and a rise in sea level of about 16.5 to 53.8 cm by 2100. Bearing global warming and climate change in …
About 30,000 smallholder legume farmers in the Northern Region are to benefit from a grant worth US$689,984 to help boost production of legumes using rhizome inoculant technology. Out of the number 9,000 are women, representing 30 percent selected from five regions: namely the Northern, Upper West, Upper East, Volta and Brong Ahafo Regions. The project …
The Bank of Ghana has assured that, it is taking pragmatic steps to make the Deposit Protection Act operational by April this year. When operational, the Act will protect depositors’ from unforeseen circumstances that may result in the collapse of any financial institution. The Act, which was passed by parliament in 2016, is expected to …
The Registrar General’s Department (RGD) will from the 12th of February, 2018 pilot its one-stop shop business registration. By this, the Ghana Revenue Authority (GRA), Social Security and National Insurance Trust (SSNIT), and the Accra Metropolitan Assembly (AMA) will have operational offices situated at the RGD to quicken business registration processes. This is aimed at integrating …
One of the key priorities of the NPP administration is to move ‘Ghana Beyond Aid’. The government has been tough on working to reduce the over-dependency on donor support for development. In the build up to President Akufo Addo’s State of the Nation Address on Thursday, February 8, 2018, Citi Business News takes a look …
Some cryptocurrency operators have welcomed the Bank of Ghana’s stance on the use of digital currencies saying it will protect users from fraud. The Co-Founder of Crypto Ghana, Bernard Owusu Mensah explains that the announcement will however least affect organisations like his that engage in the trading of digital currencies. The Bank of Ghana has …