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    Plans are underway to complete fertilizer, railway projects in Ghana – Afreximbank

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    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

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    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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    ‘Seeking IMF bailout doesn’t mean e-levy has failed’ – Oppong Nkrumah

    ‘Our IMF negotiations will be in best interest of Ghanaians’ – Oppong Nkrumah

    IMF team arrives in Ghana on Tuesday ahead of Wednesday’s bailout talks

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    President and Board Chairman of Afreximbank, Prof Benedict Oramah

    Plans are underway to complete fertilizer, railway projects in Ghana – Afreximbank

    Free SHS and other programs must be redesigned now – Seth Terkper

    KGL Group hosts Nigeria Lottery Regulatory Commission CEO Mr. Lanre Gbajabiamila

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    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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Trade Fair to get new owner by 2016 ending

bycitibusinessnews
September 13, 2016
in Government, Invest In Ghana, Local Economy, Top Stories
The Ghana International Trade Fair Centre, Accra

The Ghana International Trade Fair Centre, Accra

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Management of the Ghana Trade Fair Centre says it is confident government will settle on an investor to revamp the facility by the end of this year.

Citi Business News understands ten shortlisted companies; both local and foreign, are now being engaged by the transactional advisor [PwC] on site visits after which the final decision will be made on the ultimate partner for government.

“The transaction advisors have shortlisted ten companies which they are engaging in the site viewing after which the process will advance on to the next stage. I anticipate that within two weeks or a months’ time this should be completed,” CEO of the Trade Fair Centre, Dr. Ebenezer Erasmus Konney told Citi Business News.

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He added, “For the whole process, I think it should be possible to be completed by the end of the year.”

Government seeks PPP

Government, in February this year, opened invitation for a Public Private Partnership in managing the Trade Fair Centre after an initial arrangement with a Dubai firm, Eagle Hills, was cancelled.

At the time, Dr. Konney explained that the Trade Minister offered for the agreement to be abrogated after the Dubai firm, Eagle Hills, failed to meet the full financial obligation of a needed amount to pay the transactional advisors.

The company has also denied earlier reports suggesting that tenants at the facility were being compelled to exit the facility to allow for renovation works.

Speaking on the latest development, Dr. Konney also maintained that the tenants will not be evicted until such a time that the process has advanced for work to commence.

“Government hasn’t yet settled on a date to eject the tenants until such a time that the investor is selected to redevelop the facility. We have not yet gotten to the stage to consider those issues,” he remarked.

Responding to concerns over a possible lay off during the private partnership, the Trade Fair boss said, ‘The Company is a legal body and it is going to in existence, the staff will still be maintained.”

Negotiations over regular power supply

The Trade Fair Centre has also been battling intermittent power cut to the company over huge debts it owes the Electricity Company of Ghana (ECG).

Dr. Konney however tells Citi Business News his outfit has introduced some interim measures to ensure constant supply of electricity to occupants of the facility.

“We have not yet resolved the incremental sum; we are yet to determine how ECG came by those figures and once we get that done we will know exactly what to do. But for the time being anybody who owes money on electricity will have to pay it. After, we the facility managers will issue a receipts based on which the ECG will arrange with them and provide them with meters.”

“So those tenants who do that have their meters are those who are normally recalcitrant.”

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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