No Result
View All Result
Tuesday, May 17, 2022
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    The seven factors driving high cost of living in Ghana

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

    Over 120,000 persons reimbursed for wrongful e-levy deductions – GRA

    Fuel shortage: New policy to ensure direct delivery of fuel products underway – NPA

    Current high inflation rate not an isolated event – Seth Terkper

    Ghana needs more entrepreneurs to check imported inflation – Finance Minister

    Fuel prices to rise marginally in second pricing window of May – IES

    Samuel Dubik Mahama appointed ECG Managing Director

    Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport
    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

    Fuel prices to rise marginally in second pricing window of May – IES

    Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta

    Businesses will pass on increased cost of production from high utility tariffs – GNCCI

    KIC and Mastercard Foundation launch Agri-MSMEs acceleration program

    Benjamin Dzoboku appointed as new Managing Director for Republic Bank Ghana Plc

    Gov’t to launch national airline to benefit from AfCFTA – Hassan Tampuli

    Accra Brewery PLC launches thematic campaign dubbed ‘Taste no yɛ Deep’

    BoG reiterates calls for public to report unapproved banking charges

  • TECHNOLOGY

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

    Implement strategies to sustain increased consumer preference for digital payments – Bawumia

    Strict enforcement of AfCFTA regulatory framework will ensure smooth implementation of PAPSS – Bawumia 

    President of Cote d’Ivoire Alassane Ouattara meets Eni’s CEO Claudio Descalzi

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    The seven factors driving high cost of living in Ghana

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

    Over 120,000 persons reimbursed for wrongful e-levy deductions – GRA

    Fuel shortage: New policy to ensure direct delivery of fuel products underway – NPA

    Current high inflation rate not an isolated event – Seth Terkper

    Ghana needs more entrepreneurs to check imported inflation – Finance Minister

    Fuel prices to rise marginally in second pricing window of May – IES

    Samuel Dubik Mahama appointed ECG Managing Director

    Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport
    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

    Fuel prices to rise marginally in second pricing window of May – IES

    Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta

    Businesses will pass on increased cost of production from high utility tariffs – GNCCI

    KIC and Mastercard Foundation launch Agri-MSMEs acceleration program

    Benjamin Dzoboku appointed as new Managing Director for Republic Bank Ghana Plc

    Gov’t to launch national airline to benefit from AfCFTA – Hassan Tampuli

    Accra Brewery PLC launches thematic campaign dubbed ‘Taste no yɛ Deep’

    BoG reiterates calls for public to report unapproved banking charges

  • TECHNOLOGY

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

    Implement strategies to sustain increased consumer preference for digital payments – Bawumia

    Strict enforcement of AfCFTA regulatory framework will ensure smooth implementation of PAPSS – Bawumia 

    President of Cote d’Ivoire Alassane Ouattara meets Eni’s CEO Claudio Descalzi

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Restaurant operators call for gov’t support to stay in business as COVID-19 hits hard

bycitibusinessnews
March 27, 2020
in Business, Local Economy, Top Stories
One of Accra's popular Restaurants, Jamrock, looked empty when Citi Business News visited.

One of Accra's popular Restaurants, Jamrock, looked empty when Citi Business News visited.

Share on FacebookShare on TwitterShare on Whatsapp

As the economic impact of the COVID-19 widens across many sectors and businesses, some operators of Restaurants in the national capital, Accra, say their activities have been severely hampered as they’re unable to host large numbers of people.

Operators are thus calling on government to offer them some relief such as a reduction in utility tariffs.

Ghana’s case count of the coronavirus stands at 132 with three deaths.

ADVERTISEMENT

The rapid increase in cases has heightened fear and panic as well as caution among the public.

Aside from the closure of schools, some Ghanaian workers have been forced to work from home all in a bid to stay safe.

These situations, coupled with travel restrictions, have slowed down economic activities, as some businesses like hotels have even laid-off casual workers due to low patronage caused by the pandemic. Restaurants; which are considered essential service providers because they offer food, have also been affected by the situation.

The very known and busy ones are now unable to host people who patronize their services.

The restriction on public gatherings and the practice of social distancing to curtail the spread of the disease; means that these usually busy restaurants cannot be the same in the meantime.

Some of Accra’s popular restaurants like Starbites and Jamrock Restaurants, both located at East Legon, looked empty with a handful of customers when Citi Business News visited.

The empty chairs and tables at Jamrock Restaurant.

 

Jamrock, which usually combines its sumptuous meals with some good live reggae music, has lost that feel for the moment.

These restaurant operators are now forced to serve more clients through online purchases and take-away delivery service, which sometimes come at a higher cost to them, and reduce their profit margins. Some say they have even resorted to free deliveries just to stay in business and increase patronage.

“We started feeling the impact two weeks ago, when the initial broadcast was made by the President, and that very Friday we saw our numbers reduced drastically” said Manager of Jamrock Restaurant, Elizabeth Olympio-Emanuel.

Inside Starbites Restaurant, East Legon Branch.

The Branch Manager of East Legon Starbites, Bernard Wilson also said “It affected everyone and Starbite is no exception. Due to that we are taking delivery seriously.”

Starbites Restaurant, East Legon.

Just like some hotels which have laid-off casual workers due to low patronage, some of these restaurants have also sent home some workers until the situation improves, and life returns to normalcy.

Manager of Jamrock Restaurant, Elizabeth Olympio-Emanuel, says cutting down staff remains the only option to avoid total closure.

“It has really impacted so much that we have had to lay off some of our staff already and focus basically on deliveries and takeouts” she bemoaned.

These popular food joints say although patronage has gone down, they are still paying all utility bills and taxes.

They believe a deliberate decision by government to cut some taxes or reduce the cost of utility, can sustain their operations.

“We really do need to hear from Government. I’m running my business on a bank loan. We are really struggling and if the tariffs don’t reduce, then a lot of businesses will not be able to come back fully, said Elizabeth Olympio-Emanuel.

Mr. Bernard Wilson also added that “We will plead with government to reduce the utilities because we are still running on same units on items, nothing has changed.”

Courier Services experience a boom

While these restaurants are recording losses, courier service providers appear to be making some gains, as demand for their services for all kinds of deliveries have gone up.

The restaurants for instance now rely on them more than ever to deliver orders to their clients. According to them, they’re even overwhelmed by the high demand for their services.

Stacy Opare, CEO of SO Courier Logistics said “There is a lot more pressure on us. Business is good now. I’ve made additional gains of about 30%. We are able to meet demand about 90% because the pressure is insurmountable.”

Related Posts

Local Economy

The seven factors driving high cost of living in Ghana

bycitibusinessnews

The average Ghanaian does not need an economics degree to know the economy is going through a very rough patch....

Read more
A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

NPA allays fears of fuel scarcity in the country

Over 120,000 persons reimbursed for wrongful e-levy deductions – GRA

Fuel shortage: New policy to ensure direct delivery of fuel products underway – NPA

Current high inflation rate not an isolated event – Seth Terkper

Ghana needs more entrepreneurs to check imported inflation – Finance Minister

Fuel prices to rise marginally in second pricing window of May – IES

Next Post
Prince Ntiamoah Boampong - Deputy CEO, Chamber for Tourism Industry

Tourism industry players hopeful of stimulus package after GTA's economic impact assessment

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.