Billionaire businessman Elon Musk on Wednesday, June 11, 2025, admitted he regretted some of the posts he made last week about U.S. President Donald Trump, saying they had gone “too far.” His comments follow a public fallout between the SpaceX CEO and the president, which escalated after Musk criticized Trump’s sweeping tax and spending bill, calling it a “disgusting abomination.” The tensions culminated on Saturday, June 7, when President Trump declared that his relationship with Musk was over, following a series of insults exchanged on social media. Amid the online feud, Musk appeared to endorse calls for Trump’s impeachment in…
Author: nkqwezi
Market analysts have raised concerns about the current financial position of the Bank of Ghana, following the central bank’s reported operating loss of GH¢9.49 billion for the 2024 financial year. Despite the setback, banking consultant, Dr. Richmond Atuahene in a Citi Business News interview remain cautiously optimistic, suggesting that the Bank may return to profitability within the next two years. He noted that while the losses are quite significant, ongoing monetary policy measures and structural adjustments could support a gradual recovery. “The losses of the OMO I do understand. Until the Bank of Ghana is well structured they will always…
Renowned Nigerian businessman and Telecom tycoon, Dr. Mike Adenuga Jr., has paid a courtesy visit to President John Dramani Mahama at his residence in Accra. The meeting, held behind closed doors, highlighted the cordial relationship between the two prominent figures, grounded in mutual respect and a shared vision for Africa’s economic advancement. The reason for their meeting still remains unknown but is clear that President Mahama and the Telecommunications industry leader have a close bond. Dr. Adenuga is the founder of Globacom, Nigeria’s second-largest telecommunications operator, which also has operations in Ghana and Benin. He owns stakes in the Equitorial…
The ocean is under siege – and greed is to blame. UN Secretary-General António Guterres on Tuesday urged world leaders and grassroots groups alike to confront the powerful interests driving marine destruction, from illegal fishing and plastic pollution to the accelerating impacts of climate change. Mr. Guterres’ stark assessment came during a press conference on the second day of the weeklong UN Ocean summit, known as UNOC3, where hundreds of government leaders, scientists and civil society representatives are gathered on France’s Côte D’Azur. Their mission: to confront the escalating emergency facing the world’s oceans. Greed is a ‘clear enemy’ “We…
There was panic and confusion at the offices of Strategic Mobilisation Ghana Limited (SML) on Monday, June 10, following a targeted raid by security operatives from the Office of the Special Prosecutor (OSP), which led to the arrest of three company directors. The operation, which was carried out under court orders, was supported by personnel from the National Security Secretariat. According to sources familiar with the matter, the OSP is in the advanced stages of its investigation into the controversial contract between SML and the government. Investigators are said to be particularly interested in accessing electronic data stored on the…
The Secretary-General of the African Continental Free Trade Area (AfCFTA), Wamkele Mene, has questioned long-held statistics that suggest intra-African trade is lagging at just 15%, stating that the actual figure could be significantly higher due to unrecorded informal trade and gaps in services data. Speaking at the Ghana Roadshow of the 2025 Intra-African Trade Fair (IATF) in Accra, Mene argued that more accurate data could reveal a stronger performance, even as the continent pushes harder toward industrialisation and value addition. “This figure likely understates the true scale of Africa’s internal trade, given the prevalence of informal cross-border activity, data gaps,…
Distinguished Visiting Professor at the University of Johannesburg, Professor Ebo Hinson, has emphasized the importance of robust citizen feedback mechanisms as a central part of customer service strategies in the public sector. Speaking during a Citi Business Festival session on X Spaces (formerly Twitter), hosted by Channel One TV/Citi FM’s Head of News, Vivian Ka Lokko, Prof. Hinson called for the appointment of dedicated staff to manage and act on public feedback. “You need to have public sector entities that operate with proper feedback loops, hotlines, and adopt what we call social listening,” he stated. “These days, when you have…
Farmers have urged policymakers to improve access to funding for Ghanaian farmers and agribusinesses to help scale up operations and boost productivity. Speaking on the Citi Business Festival On-Air Series with Vivian Kai Lokko, Co-Founder of Hendy Farms, Sandra Snowden highlighted the numerous challenges facing the agricultural sector, stressing that access to capital remains one of the most critical barriers to growth. She noted that although some progress has been made, more needs to be done to make financing more accessible and affordable for farmers and agricultural entrepreneurs. Underscoring the importance of financial inclusion in agriculture, Sandra Snowden urged the…
President John Dramani Mahama has praised the Ghana Police Service and the Inspector General of Police (IGP) for their decisive efforts in combating crime and ensuring public safety across the country. Addressing the newly inaugurated Police Council at the Jubilee House on Tuesday, June 10, 2025, the President highlighted recent successes, including the collaborative rescue of kidnapped Ghanaians from Nigeria, as a testament to the effectiveness of cross-border security cooperation. “Let me commend the Police Management team for the successes you have chalked recently in the fight against armed robbery and also your collaboration with your Nigerian counterparts in apprehending…
Kwame Owiredu, Lawyer for Ernest Kumi, the New Patriotic Party (NPP) Member of Parliament for Akwatia has expressed satisfaction with the outcome of the Supreme Court ruling, describing it as a vindication of their client’s rights. On Wednesday, June 11, the apex court quashed a ruling by the High Court in Koforidua, which had held Kumi in contempt and was set to sentence him. The Supreme Court also barred Justice Emmanuel Senyo Amedahe from proceeding with sentencing. The ruling follows a judicial review application filed by Mr. Kumi, led by his legal counsel Gary Nimako-Marfo, who also serves as the…