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Arbitrary shipping line charges in Ghana – a study of market power [Article]

shipping

In the past ten years alone, there have been countless calls by shippers for the abolishing of illegal fees and charges being imposed by shipping lines on imports and exports. Almost an annual affair, these calls have been led by various organisations such as the Ghana Institute of Freight Forwarders (GIFF), Ghana Union of Traders Associations (GUTA), Private Enterprise Foundation ...

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EU Ambassador to inspect EU assisted programs in Eastern Region

BAM

EU Ambassador to Ghana William Hanna will today [Thursday] visit banana plantations in the Eastern region to inspect EU support to improve the competitiveness of the agricultural export industry. He will meet with producers and inaugurate the new Composting Facility at the Volta River Estate Ltd (VREL). The composting facility supports VREL in growing organic and fair trade bananas, which ...

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Unilever Ghana re-launches new Geisha soap

Unilever

Unilever Ghana Limited at the weekend re-launched its new Geisha soap, which comes with fresh and mild fragrance that nourishes the skin and make bathing and washing experience refreshing. The new Geisha comes in different variants:  aloe vera and honey, shea butter and honey, coconut milk and honey, rose and honey and the lemon honey. The soap was reformulated with ...

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‘No worries over collapse of local rice’ – Trade Ministry

rice bag

The Trade Ministry has told Citi Business News it has not fully lifted the ban on the importation of rice through inland borders in Ghana. According to the ministry, three borders have so far been opened to rice importation and more borders will be opened eventually depending on an ongoing assessment of the move. A statement from the Ministry on ...

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Ghana’s Parliament ratifies EPA with EU

EU_flag_SPIF

Ghana’s parliament has ratified the Economic Partnership Agreement (EPA) between government and the European Union (EU). Government earlier signed onto the agreement (interim) but was awaiting ratification from Parliament as stipulated in the country’s laws in relation to international agreements. The ratification of the agreement by Parliament will lead to the entry of a percentage of imports from Europe to ...

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Registrar General’s Department extends penalty date for business registration

Registrar-General-s-Dept

The Registrar General’s Department has extended the enforcement of penalty for the registration of companies from Monday August 1 to Monday October 3, 2016. A statement copied to Citi Business News explained that, by this, the definition of the 25 penalty units would amount to Gh₵300.00 for each day that the default continues with effect from the new date of ...

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Ghana’s Parliament rejects IMF’s zero BoG financing

Parliament House of Ghana

Parliament yesterday [ Tuesday]August 2nd, 2016 voted against one of the International Monetary Fund (IMF)’s key conditions under the Extended Credit Facility deal with Ghana. The house voted against the IMF’s clause under the IMF deal requesting government of Ghana to undertake zero percent financing of its budget from the Bank of Ghana (BoG) following the passage of the BoG Amendment ...

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Businesses, shipping companies in shipping charges row

shipping

Key business associations in Ghana are calling on government to reject the Terminal Handling Charges yet to be implemented by shipping companies at the ports. The business associations argue it will be unfair to add unto their numerous tax charges as their businesses are already on the brink of collapse. This follows moves by some shipping lines and their agents ...

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Massive layoffs hit Ghana’s oil & gas industry

layoff

The General Transport, Petroleum and Chemical Workers’ Union (GTPCWU) has warned that hundreds of its members are set to lose their jobs in the coming weeks due to the drop in world oil prices. According to the union, some 300 workers have already been laid off as others are expected to follow. Speaking to Citi Business News,  the Deputy General ...

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CLOGSAG strike halts Registrar General’s sanction on businesses

Registrar-General-s-Dept

The Registrar General’s Department has been forced to put on hold, sanctions of defaulting businesses due to the ongoing strike by the Civil and Local Government Service Association of Ghana (CLOGSAG). This was revealed by the Public Relations Officer of the Registrar General’s Department, Constance Adoma Takyi. “Originally, we were to start Monday, August 1st until the issue of the ...

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Citi Business News