The Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, together with some Senior Executives of the bank recently met with the Chinese Ambassador to Ghana, H.E. Lu Kun, to promote deeper trade and investment ties between Chinese and Ghanaian businesses. During the meeting, Mr. Asomaning underscored the importance of the strategic partnership between Standard Bank, […] The post Stanbic
The United States has restricted travel for its embassy personnel in Israel amid fears of an attack by Iran. The US embassy said staff had been told not to travel outside the greater Jerusalem, Tel Aviv or Beersheba areas “out of an abundance of caution”. Iran has vowed to retaliate, blaming Israel for a strike […] The post US restricts travel
President Nana Addo Dankwa Akufo-Addo, has during the State visit of the President of Guinea-Bissau Umaro Mokhtar Sissoco Embaló, announced the giant strides being made by Ghanaian products under the Guide Trade Initiative of the African Continental Free Trade Area (AfCFTA). Following the maiden roll out of the Guided Trade Initiative, President Akufo-Addo said, over […] The post Over
In the upcoming 2024 elections in the United States, Americans are gearing up for a rematch between President Joe Biden and his previous contender and former President Donald Trump. After securing their parties’ nominations, these two familiar faces will go head-to-head in a presidential election rematch, something that hasn’t happened in 70 years! President Biden […] The post Nana
The first man to receive a genetically modified kidney transplant from a pig has been discharged from the hospital. The 62-year-old was sent home on Wednesday, two weeks after the ground-breaking surgery at Massachusetts General Hospital (MGH). Organ transplants from genetically modified pigs have failed in the past. However, the success of this procedure so […] The post Pig kidney
At the maiden edition of the Women in Business Dialogue series organised by the Business and Financial Times and held in Accra, the Sector Head, SME & Retail Banking at Zenith Bank, Gloria Cabutey-Adodoadji, urged businesswomen to leverage on the golden opportunities of the African Continental Free Trade Area (AfCFTA) agreement to expand their reach […] The post Zenith
Once the new Cash Reserve Requirement (CRR) policy becomes effective, it is expected to see approximately GH¢16.2billion – US$1.2 billion flow from banks to the Bank of Ghana (BoG). CRR is a rule set by central banks requiring commercial banks to keep a portion of their deposits – local and foreign currency – as cash […] The post Editorial:
The UK and US have signed a landmark deal to work together on testing advanced artificial intelligence (AI). The agreement signed on Monday says both countries will work together on developing “robust” methods for evaluating the safety of AI tools and the systems that underpin them. It is the first bilateral agreement of its kind. UK […] The post UK and US sign landmark agreement
By Ngozi OKONJO-IWEALA Taking place in challenging and uncertain times, the World Trade Organization’s 13th Ministerial Conference in Abu Dhabi produced mixed results: a few successes, but also some disappointments. By contrast, the previous ministerial conference, held in June 2022, concluded with the adoption of numerous multilateral agreements and decisions, giving the WTO a temporary […] The post
An Accra Circuit Court has remanded into police custody a 25-year-old trader, Michael Azu, for failing to appear in court. On December 7, 2023, Azu, who is being held for defrauding by false pretence, failed to turn up in court and a bench warrant was issued for his arrest. When accused person appeared before the […] The post Trader remanded after court issued bench warrant
In a strategic move to promote trade liberalisation under the African Continental Free Trade Area (AfCFTA), the United Bank for Africa (UBA) Ghana has collaborated with the Ghana Export Promotion Authority (GEPA) to host a crucial sensitisation seminar titled ‘Trade Liberalisation after the AfCFTA’ at the Africa Trade House in Accra. Peter Dery, Head of […] The post
By Samuel SAM The need to inspire and empower more successful women entrepreneurs to drive socio-economic development was highlighted at the GNCCI-GIZ Women Conference held in Tamale under the theme ‘Making AfCFTA Work through a Deliberate Inclusion of Women Entrepreneurs’. At the event, Hamidu Hamza Saana, the Northern Regional Director of the Ministry of Trade […] The post
The latest assessment of Ghana’s external sector developments shows that the country earned $2.8 billion from its major exports in the first two months of 2024. On a year-on-year basis, however, the value of exports did not see any significant growth from the same $2.8 billion posted as of February the previous year. The figure […] The post Ghana’s
The African Continental Free Trade Area (AfCFTA) presents considerable opportunities for the evolution and monetization of Africa’s trading sectors[1]. Upon full implementation and ratification by member states, this trade agreement will establish a cumulative market encompassing 1.3 billion individuals across 55 countries, boasting a collective GDP of approximately USD 3.4 trillion. The AfCFTA has been […] The post
Niger’s military government announced that it has ended an accord with the US that allowed military personnel and civilian staff from the Department of Defence to operate in Niger – days after holding high-level talks with US diplomatic and military officials this week. “The government of Niger, taking into account the aspirations and interests of […] The post Niger
The second edition of the Northern Trade, Industry, and Investment Summit was inaugurated at the Dungu campus of the University for Development Studies (UDS) by Lawyer Sulley Sambian, the Chief Executive Officer (CEO) of the Northern Development Authority (NDA). With a theme focused on “Enhancing Trade and Industries in Northern Ghana through Capacity Development and […] The post Northern
Citi News’ Nana Tuffour Boateng has been named among 20 journalists selected for a 10-day multi-regional International Reporting Tour entitled “Democracy is More than Election Day” The tour which the Washington Foreign Press Centre organizes for journalists from all geographic regions will take place from March 12- 21, 2024. The tour aims to provide a […] The post Citi
Donald Trump has challenged Joe Biden to TV debates, as the rivals hurtle towards a White House rematch following their sweep of the Super Tuesday votes. The Republican said he would take part in a TV forum with the Democratic president “anytime, anywhere, anyplace” posting online in all capital letters. Mr Biden’s campaign said Mr […] The post Trump
Nikki Haley is suspending her presidential campaign, making Donald Trump the last Republican left in the race. It comes after President Joe Biden and Trump swept the state primaries that were held on Super Tuesday, making a White House rematch between them even more likely. Biden won Democratic nominating contests in 14 states – plus […] The post Haley
The US Supreme Court has struck down efforts by individual states to bar Donald Trump from running as a presidential candidate for November’s election. Justices unanimously overruled Colorado’s decision to disqualify Trump from the Republican primary ballot. Judges in the state had cited an anti-insurrection clause in the US Constitution to ban Trump; similar attempts […] The post US
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