Cocobod’s syndicated loan have been oversubscribed by about 15 percent. The cocoa industry regulator, COCOBOD indicates it requested for 1.6billion dollars, but received offers of up to about 1.84billion dollars. COCOBOD however accepted 1.7billion dollars from the partner banks to purchase cocoa beans for the 2014/2015 cocoa season. Finance Minister Seth Tekper early on in ...
The Ghana FA have today agreed to make Milovan Rajevac the new Black Stars coach following an interview earlier. Citi Sports understands that Kwesi Appiah is done as the coach of Ghana and a severance package will be held by the end of the weekend. The former Black Stars coach touched down in Accra on ...
Ghana has successfully issued its third Eurobond. Government issued 1 billion dollars which was oversubscribed. The USD1 billion bond has a twelve (12) year maturity, with a coupon at a rate of 8.125%. The bond matures in 2026. The $1 billion Eurobond will be used to fund capital expenditure in the 2014 Budget. It will ...
The Maritime and Dock Workers Union (MDU) is threatening legal action against the government over the Atuabo Free Port project which is being executed by Lonhro Ports Limited. The Union says some sections of the contract for the construction of the port contradicts the laws of Ghana. Five Members of Parliament have already filed a ...
Cocobod’s syndicated loan been oversubscribed by about 15percent. The cocoa industry regulator, COCOBOD indicates it requested for 1.6billion dollars, but received offers of up to about 1.84billion dollars. COCOBOD however accepted 1.7billion dollars from the partner banks to purchase cocoa beans for the 2014/2015 cocoa season. Finance Minister Seth Tekper early on in the year ...
On Day 19 of sittings of the Justice Dzamefe Commission on Thursday, chief executive officer of Amber Foods Limited, Gertrude Quarshigah, one of the caterers contracted to cook for the Black Stars fans in Brazil appeared before the commission to answer questions. She told the commission that she feels the amount quoted by the World ...
Oxford University in United Kingdom has predicted that Ghana and 14 other countries in Africa are at risk of animal-to-human transmission of Ebola by virtue of their geography. The countries are; Nigeria, Cameroon, Central African Republic, Ghana, Liberia, Sierra Leone, Angola, Togo, United Republic of Tanzania, Ethiopia, Mozambique, Burundi, Equatorial Guinea, Madagascar and Malawi. The ...
An Accra Fast track High Court has set September 30, 2014 to rule on a motion filed by the New Patriotic Party (NPP) praying the court to throw out an application filed by a member of the party David Hoezame. Hoezame is challenging the status of the national council of the party. According to the ...
If you’re anything like us, you don’t need any extra excuses to get it on, but it turns out that certain moments can be even better than others for having sex. Total game-changer, right? Check out the best times ever to get busy: Before a Big Presentation Research shows that having sex calms nerves, lowers blood ...
Recently, we’ve told you bald, bearded and shorter men are better. And now comes size. Yes, bigger is better. But not for the reason you’re thinking. If you’ve been passing up chubby guys for skinny or muscular ones because you assume that they can’t be great lovers or they’re unhealthy, then listen up. We’re here to show you why you need a ...
The first episode of the award-winning Airtel Touching Lives television series aired last weekend on multiple TV platforms. The series, set to run for 13 weeks, will focus mainly on individuals and communities who are making their change in big and small ways to better their lives and that of others. The first episode, which ...
Karpower International Limited a Turkish company is expected to build two emergency power ships for Ghana. The project will be pre-financed by Karpower and the cost would be paid on the amount of energy delivered to the system. The two mobile energy plants when delivered will add four hundred and fifty more megawatts of power ...
The National Democratic Congress (NDC) will hold primaries in some parts of the Greater Accra Region on Friday to elect executives at the Constituency level. This election will be ahead of the party’s congress scheduled for October 24,2014 to elect new National Executives. The Accra Fast High Court on Friday, restrained the two affiliates of the ...
Citi Business News has gathered South African Bank FirstRand Bank, will begin commercial operations in Ghana early next year. Citi Business News can confirm the bank has secured a provisional banking license from the Bank of Ghana to commence operations. FirstRand, is South Africa’s largest bank by earnings and market capitalization. This is not the ...
Citi Business News has gathered ANGLOGOLD ASHANTI has begun moves to set up a new company to run its operations in Ghana. The new company will also run the mining giant’s other operations across the world except that of South Africa. The move which is subject to approval from regulators and shareholders is expected to ...
The Deputy Minister in charge of Pre- tertiary Education, Alex Kyeremeh has warned headteachers’ of second cycle institutions who charge unapproved admission fees to desist from it or face sanctions. He said they have observed that despite Ministry’s approved fees list, some schools still charge exorbitant fees hence depriving a chunk of students who cannot afford ...
Newmont Ghana has justified the reduction in the number of job cuts expected to be undertaken this month. The mining giant reduced the number of job cuts from an earlier 600 to 472 people. The move forms part of a retrenchment and restructuring exercise it is undertaking to ensure its continuous survival. The move however ...
A member of the National Council of the New Patriotic Party (NPP), Dr. Kwame Amoako Tuffour has disclosed that the National Executive Committee (NEC) of the party will implement the report released by the Constitutional and Legal Affairs Committee. He  said the Committee did no wrong in investigating the dismissal of two key party officers ...
The Teachers Fund has hinted to Citi Business News it is likely to acquire some shares in the Agricultural Development Bank (ADB) should it go public by the end of the year. ADB has announced it intends to list on the Ghana Stock Exchange (GSE) by year end. A successful listing of ADB, on the ...
The 2012 Presidential Candidate for the New Patriotic Party(NPP)Nana Akufo -Addo has welcomed Kofi Osei Ameyaw’s decision to bow out of the party’s race. Adressing the press at his residence on Thursday, Nana Addo expressed the hope that Osei-Ameyaw’s decision will strengthen his campaign to enable the NPP gain victory in 2016. “I can only ...
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