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Author Archives: Pius Amihere Blay

EXIM Bank yet to offer any loans to exporters

exim bank 2

It is emerging that the Ghana Exim Bank is yet to make any disbursement to exporters almost two years after its establishment. Some exporters who have been speaking to Citi Business News have attributed the development to the virtual absence of a Board for a greater part of the year [2017]. This is also coupled with the absence of a ...

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Business of Xmas: Rationale for December weddings

Wedding 2

The month of December, especially the latter part is a busy period due to the festive season and other activities. The season is a cash cow for a number of industries, who cash in heavy during this period. In the first of our series ‘The Business of Christmas’ which looks at businesses and events that receive heavy patronage during the ...

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CBOD calls for calm in cylinder recirculation disagreement   

Senyo Hosi-CEO Chamber of Bulk Oil Distributors

The Chamber of Bulk Oil Distributors (CBOD) is calling for calm in the ongoing disagreement between the LPG Marketers Association and the National Petroleum Authority over the proposed cylinder recirculation program. The LPG Marketing Companies Association of Ghana has accused government of a grand scheme to wipe them out of business. According to the association, its members have been omitted ...

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Non-traditional exports to increase with new export platform

Eric Amoako Twum - Deputy CEO of Ghana Exports Promotion Authority (GEPA)

The Ghana Export Promotion Authority (GEPA) is seeking to boost the export of non-traditional products within the short to medium term. As part of achieving this aim, the GEPA has introduced a new marketing platform for exporters of such traditional products. The new market hub is also expected to expose exporters to modern developments and increase their share at the ...

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Govt cuts back expenditure on health, roads

Ken Ofori Atta - Finance Minister

Government is yet to disburse some GH¢305.27 million outstanding allocation to the Annual Budget Funding Amount for the first half of 2017. According to the Public Interest and Accountability Committee (PIAC), even though the ABFA received some GH¢358.41 million for the first half of the year, the government spent just GH¢53,136,951 or 15 percent of the amount. The issues were ...

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Environment Ministry to ban mercury use in mining

Prof Frimpong Boateng - Minister of Env't, Science, Tech & Innovation

The Minister for Environment, Science, Technology and Innovation, Professor Frimpong Boateng has revealed government’s intentions to drastically reduce the use of mercury in mining activities in the country as it poses serious health hazards. As a result, Ghana has signed an agreement with the MINAMATA Convention. The Convention seeks to ban the use of mercury in artisanal mining to reduce ...

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GPHA engages importers over new tariffs

Tema Port

The Ghana Ports and Harbors Authority (GPHA) on Friday 15th December 2017, met with the Importers and Exporters Association of Ghana over plans to review port tariffs on imports from next year. The meeting which was at the request of the GPHA, follows the announcement of the decision to Ship Owners and Agents Association as well as the Ghana Shippers ...

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New powership to add 470MW to national grid

Karadeniz-Powership-Osman-Khan-1-600x330

Karpowership Ghana Company Limited has reiterated its commitment to the supply of uninterrupted and consistent electricity to the national grid. This assurance was given at the inauguration of its new 470 megawatts Karadeniz Powership Osman Khan at the Tema main harbour yesterday [Thursday] to help in the supply of consistent electricity power in the country. This to adds up to ...

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Innovative insurance products will attract Ghanaians–Keli Gadzekpo

Transitions Funeral Home  launched

Ghana’s Insurance industry should see increased penetration with the introduction of more innovative insurance packages. This is the assertion of CEO of Enterprise Group, Keli Gadzekpo. According to him, the low insurance penetration levels of the country can be reversed if the insurance industry comes up with policies that are tailored to meet the specific needs of people. Speaking to ...

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Mine workers to petition Parliament over layoffs at Goldfields

demo goldfields

The Ghana Mine Workers Union will this morning march to Parliament to demonstrate against what they describe as the unacceptable treatment of the workers of Goldfields Ghana Limited. This follows a decision by the mining firm to lay off about one thousand five hundred of its workers. According to the company, the layoff is as a result of the mine ...

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Ghana Business News