Despite significantly higher credit impairments and the material impact of the lockdowns on transactional volumes, Absa Group, including all business units, remained profitable. In addition, revenue increased by 3% while cost-to-income ratio reduced from 56.7% to 53.9%. The group also reported an 82% decline in normalised interim earnings after impairments increased four-fold to R14.7 billion. […] The post Absa

A business Consultant who allegedly collected $50,000 under the pretext of seeking a bank loan of $15 million for the Chief Executive of another company but failed, has appeared before an Accra Circuit Court. Abassa Haruna Appiah, 53, is alleged to have told his victim that he was the representative of a Canadian Company known […] The post Business consultant dragged

National Democratic Congress’ candidate for Ayawaso West Wuogon, John Dumelo has said that the National Rent Assistance Scheme promised by the New Patriotic Party (NPP) in their 2020 manifesto, is dead on arrival. He rather suggested that the rent control law be enforced to put citizens on a 6-month pay plan instead of the ongoing […] The post Enforce

The National Democratic Congress (NDC) has asked Vice President Dr. Mahamudu Bawumia to apologise over what it says were lies he spewed about the cost of the Kwame Nkrumah Interchange. The Vice President says the interchange cost $260 million but the NDC accused Dr. Bawumia  of adding “the cost of two separate and distinct projects; […] The post Bawumia

As infections and the death toll for the new coronavirus pandemic mount, African countries have introduced measures to reduce the spread, raise awareness among communities and gain citizens’ compliance. But the potential contribution of traditional leaders has mostly not been considered. This is despite the role they have played in addressing health crises in many […] The post Women

The Convention People’s Party (CPP) says it will soon begin an aggressive grassroots mobilization campaign to revive its membership ahead of the December polls. The newly-elected General Secretary of the party, Nana Yaa Jantuah in an interview on the Citi Breakfast Show said the CPP has what it takes to win the 2020 elections. “Now […] The post We’ll begin

As part of a long-term goal to unearth the potential of Africa in the automotive industry to become a powerhouse, Deloitte, a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax, and related services, has partnered the African Association of Automotive Manufacturers, to host the first Africa Automotive Forum via a […] The post Deloitte

National Democratic Congress’ candidate for Ayawaso West Wuogon, John Dumelo says the National Rent Assistance Scheme is dead on arrival. He is suggesting that the rent control law be enforced to put citizens on a 6-month pay plan instead of the ongoing two to three years. According to him, enforcing this law saves the nation […] The post Enforce rent control act and

Some Junior High schools In Accra have started receiving the free hot meal promised them by the President Nana Addo Dankwa Akufo-Addo as part of measures taken to combat the coronavirus pandemic. According to the President, there had been reports of some final year students going hungry in their quest to adhere to the COVID-19 […] The post JHS students elated over government’s

An advocate for the reformation of legal education in Ghana, Professor Kwazu Asare has downplayed the New Patriotic Party’s (NPP) approach to tackling challenges with legal education in Ghana. The New Patriotic Party (NPP) in its 2020 manifesto had promised to expand infrastructure to increase access to professional legal education. Prof. Asare, however, believes this […] The post NPP’s

The National Democratic Congress (NDC) has advised Ghanaians to reject the New Patriotic Party’s (NPP) 2020 manifesto which it says contains promises that will not be fulfilled. The Communication Officer of the party, Sammy Gyamfi at a press conference on Monday, August 24, 2020, said the NPP’s manifesto is only meant to deceive Ghanaians into […] The post Reject

South Korea, a country held up as a model for its response to COVID-19, is on the brink of a new nationwide outbreak, according to officials. The latest outbreak of coronavirus cases centered around a right-wing Presbyterian church has spread to all 17 provinces throughout the country for the first time, our Seoul correspondent Laura […] The post South Korea

France will soon impose a 14-day quarantine on all arrivals from the UK, to mirror the restrictions imposed by the British government earlier this month on people arriving from France, the country’s junior minister for European affairs told French TV (in French). “We will have a reciprocal measure so that the British do not close […] The post France to impose

In this edition of the #CitiCBS, Bernard Avle, Nathan Quao, Korkui Selormey, Kojo Akoto Boafo and Godfred Akoto Boafo discuss fallouts from the NPP’s 2020 manifesto launch at the University of Cape Coast. There were playbacks from excerpts of the President and Vice-President’s addresses. Some selected NPP promises captured in the manifesto was discussed on the […] The post Citi

The National Democratic Congress (NDC) is alleging that the governing New Patriotic Party (NPP) deceived Ghanaians by capturing non-existent infrastructural projects as part of its achievements. According to the NDC, it’s fact-check on the Vice President, Dr. Mahamudu Bawumia’s presentation on the NPP government’s infrastructural achievements show there were a number of “ghost” projects captured. […] The post Akufo-Addo

Having a device is one thing. Having a device that connects seamlessly with other devices is a different story, altogether. Having five devices that can talk to each other seamlessly, connect with other services and still give with a unique user experience; that is the holy grail. Brett Jones of the Nielsen Connect Partner Network, […] The post The Samsung Ecosystem – Will

The National Democratic Congress (NDC) will launch its manifesto on Monday, 31st August 2020. The Communication Officer for the NDC, Sammy Gyamfi disclosed this at a press conference today, Monday 24th August 2020. He said the manifesto was presented to the party’s manifesto committee weeks ago. “The flagbearer of the NDC has indicated that our […] The post NDC to launch

The All People’s Party (APC) has acclaimed Hassan Ayariga as its flagbearer for the 2020 elections. He was acclaimed at the party’s National Delegates Congress held in Accra on Monday, August 24, 2020. Mr. Ayariga founded the APC ahead of the 2016 election and has been the party’s only flagbearer contestant. He left the People’s […] The post APC acclaims

OCP Africa, in a partnership agreement with the Ministry of Food and Agriculture (MoFA), has increased its efforts to support the agricultural value chain in Ghana. This agreement seeks to intensify OCP Africa’s flagship agribooster program that will bring a global offer to farmers with access to the quality of inputs, training and market. The […] The post Over

Police and military patrols have been intensified in Mim, a town in the Asunafo North Municipality of the Ahafo Region following the murder of a timber contractor. The deceased, identified as Akwasi Banahene, 38, was reportedly shot dead by unknown assailants over the weekend. According to the Ahafo Regional Police Command, investigations have begun to […] The post Security