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2018 International Trade Fair scores 50% success – Organisers

Trade fair

Organizers of the 22nd edition of the Ghana International Trade Fair have given this year’s edition of the fair, a fifty percent rating. The fair which began on February 28th and ended on 7th March 2018, saw about 600 exhibitors showcasing their goods and services. This is the first time the fair is being held in about 3 years after experiencing ...

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Global 5-Star Shangri La hotel to operate in Ghana—Yofi Grant

MR YOFI GRANT

The Ghana Investment Promotion Center(GIPC) has disclosed that more international hotel managers have expressed interest to set up 5-Star hospitality facilities in Ghana. This, the GIPC said is in response to government’s new move aimed at growing the tourism industry to make it the number one job creation avenue for Ghanaians. One such hospitality operator ready to operate in Ghana ...

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Marine Drive Project to change face of tourism—GTA

An artistic design of Marine Drive Project

The Chief Executive Officer of the Ghana Tourism Authority(GTA), Akwasi Agyeman has stated that the Marine Drive Project will change the face of Ghana’s tourism industry while it creates thousands of jobs. According to him, the project is already attracting investors ahead of its implementation. The marine drive project will see government partner investors to develop an approximately 241 acres ...

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CPC extends payment for 20 million dollar debt

CPC

The Cocoa Processing Company (CPC) has disclosed to Citi Business News it has re-engaged its lenders to extend the payment dates for debts owed, by at least three more years. The CPC maintains that the decision is necessary to stay relevant in the cocoa sector and give investors value for money. The cocoa processor is indebted to a group of ...

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Beverage companies to engage FDA on advertisement ban

FDA

Some alcoholic producing companies in the country have told Citi Business News they will meet the Food and Drugs Authority (FDA) to discuss a recent ban on advertising alcoholic products before 8 pm. The FDA on the January 1, 2018, placed a ban on both advertisements and Live Presenter Mention (LPM) of alcoholic beverages in the media before 8pm. The directive, ...

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Tourism Ministry to develop skills, others with $50m grant

Catherine Afeku - Tourism Minister

The Minister for Tourism, Arts and Culture, Catherine Ablema Afeku has outlined some key areas her ministry will be investing in, with the 50 million dollar grant by the World Bank. According to her, the grant will among others, be used to develop a skilled workforce in the hospitality sector as well as deepen linkages among various operators in the ...

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Jumia Travel honors 7 businesses

Jumia 3

Online travel agency, Jumia Travel, on Thursday (25th January 2018), marked the 2nd edition of the Ghana Travel Awards. The awards were aimed at celebrating hoteliers, airlines and travel websites for their contribution to the success of the travel, hospitality and tourism industries in 2017. It was also to encourage the provision of improved quality services to Ghanaians. Country Manager of ...

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Tourism Authority pursues illegal hospitality businesses

Akwasi Agyeman - CEO, GTA

The Ghana Tourism Authority (GTA), has served notice of plans to pursue all unlicensed hospitality establishments operating in the country. The Authority contends that the illegal operations impedes its regulatory role hence the need to sanitise the sector. The Acting Chief Executive of the GTA, Akwasi Agyemang who revealed this new plan tells Citi Business News his outfit will embark ...

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Top 20 business stories in 2017

Dr. Bawumia (L) and Ken Ofori-Atta (R)

Your most comprehensive business news website,  citibusinessnews.com brings you some of the top business stories in the year 2017. These news’, which cuts across different sectors of the economy also featured on our news bulletins on Citi FM. GCB takes over UT and Capital banks The Bank of Ghana in 2017 revoked the licenses of two indigenous banks, UT Bank ...

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Business of Xmas: Demand for event centres rise

Event 1

In the midst of increased activities during the festive season is the rise in demand for event centres. The venues do not only come at high costs to event organizers but really a period to offer guests unforgettable moments. In the third of our series, ‘ the Business of Christmas’ which looks at businesses and events that receive heavy patronage ...

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