No Result
View All Result
Tuesday, October 3, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    AGI Advocates for Innovative Policies to Support SMEs

    Prices of Domestic Petroleum Products Set to Rise in October – IES

    BOST clarifies amount paid for iPhones bought for company executives

    IMF hopeful Ghana will soon reach agreement with Official Credit Committee

    Fuel prices to remain fairly stable at the pumps – COPEC

    Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions

    2023 #CitiBusinessOlympics: Defending champions GCB retains title

    Check out some lively photos from 2023 #CitiBusinessOlympics

    #CitiBusinessOlympics: Citi TV/Citi FM applauded for well-organized event

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    AGI Advocates for Innovative Policies to Support SMEs

    Prices of Domestic Petroleum Products Set to Rise in October – IES

    FBNBank Ghana launches Akye promotion

    Transport owners and the missing NPA: who assured Sentuo to import BRVs?

    BOST clarifies amount paid for iPhones bought for company executives

    Fuel prices to remain fairly stable at the pumps – COPEC

    Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions

    Thousands to participate in 2023 #CitiBusinessOlympics today

    Vodafone Ghana’s commitment to SMEs shines at Business Runway 2023

  • TECHNOLOGY

    Genius IT Foundation achieves STEM.org accreditation

    Pharmaceutical Society charged to utilize AI to transform industry

    Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go

    China launches $41 billion fund to accelerate semiconductor industry

    Digital marketing: Event managers urged to explore growth opportunities

    Govt. urged to commit more investments to enhance AI competencies

    Stakeholders in digital ecosystem charged to do more to protect child privacy

    Cyber hygiene key for public safety – Dr. Albert Antwi Boasiako

    Ban on cryptocurrency still in force – Finance Ministry warns

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

    South Africa adds Ghana to E Visa list

    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

    Nine ventures announced for Africa Money and DeFi Summit investment showcase

    African Union to launch regional credit rating agency in 2024

    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

    ECO currency challenges: Technical committee attributes delays to external shocks, others

    African leaders emphasize in-continent processing of mineral wealth at climate summit

    Indian investors commit $14 billion to Nigeria, to strengthen several Nigerian sectors

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

    AGI Advocates for Innovative Policies to Support SMEs

    Prices of Domestic Petroleum Products Set to Rise in October – IES

    BOST clarifies amount paid for iPhones bought for company executives

    IMF hopeful Ghana will soon reach agreement with Official Credit Committee

    Fuel prices to remain fairly stable at the pumps – COPEC

    Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions

    2023 #CitiBusinessOlympics: Defending champions GCB retains title

    Check out some lively photos from 2023 #CitiBusinessOlympics

    #CitiBusinessOlympics: Citi TV/Citi FM applauded for well-organized event

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    AGI Advocates for Innovative Policies to Support SMEs

    Prices of Domestic Petroleum Products Set to Rise in October – IES

    FBNBank Ghana launches Akye promotion

    Transport owners and the missing NPA: who assured Sentuo to import BRVs?

    BOST clarifies amount paid for iPhones bought for company executives

    Fuel prices to remain fairly stable at the pumps – COPEC

    Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions

    Thousands to participate in 2023 #CitiBusinessOlympics today

    Vodafone Ghana’s commitment to SMEs shines at Business Runway 2023

  • TECHNOLOGY

    Genius IT Foundation achieves STEM.org accreditation

    Pharmaceutical Society charged to utilize AI to transform industry

    Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go

    China launches $41 billion fund to accelerate semiconductor industry

    Digital marketing: Event managers urged to explore growth opportunities

    Govt. urged to commit more investments to enhance AI competencies

    Stakeholders in digital ecosystem charged to do more to protect child privacy

    Cyber hygiene key for public safety – Dr. Albert Antwi Boasiako

    Ban on cryptocurrency still in force – Finance Ministry warns

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

    South Africa adds Ghana to E Visa list

    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

    Nine ventures announced for Africa Money and DeFi Summit investment showcase

    African Union to launch regional credit rating agency in 2024

    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

    ECO currency challenges: Technical committee attributes delays to external shocks, others

    African leaders emphasize in-continent processing of mineral wealth at climate summit

    Indian investors commit $14 billion to Nigeria, to strengthen several Nigerian sectors

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

Business of Christmas: A look at preparedness and sales in Accra’s Business District

byEllen Dapaah
October 8, 2020
in Business, FEATURES, Top Stories
Share on FacebookShare on TwitterShare on Whatsapp

With barely two months to Christmas, it appears the buzz that usually heralds the holiday season is missing this time round.

A visit by Citi Business News to the Makola Market in Accra for instance, showed that business activities are yet to pick up.

Usually, around this time, traders begin to stock up for the expected sales boom, whiles some celebrants start buying ahead of time.

ADVERTISEMENT

But despite the usual hassle and bustle of the market, there was hardly any display of the usual Christmas items one would expect to find as the season approaches.

Some of the traders attributed the slowdown in activities mainly to the COVID-19 pandemic and its impact on importation of goods, and also due to a focus on the general election in December.

They were however hopeful the situation may improve in the weeks to come.

The sale of toys and other items for children, which would normally be recording high sales, has taken a turn this year. Yaa Bor, a trader, has sold these items for the past 15 years.

“At first, sales for Christmas used to start in June. But this year, nothing is happening. It’s not because of the COVID. People don’t have money. People show interest in the goods but cannot buy because they don’t have money. Also, because it’s an election year, people don’t want to spend their money. So I am praying for a change,” she said.

The partial restriction on some forms of social gatherings has affected Nana Owusu Bediako, who deals in disposables for events.

“This Christmas, we are just monitoring the COVID situation. We deal in disposables. And business is only good when there are social functions and now we want to find out whether people will be allowed to gather more. So we are just monitoring. Most of our partners in China for instance, because of the COVID, they are not producing like before. Sometimes getting the stuff is very difficult. Even the import takes time,” said Mr. Bediako.

Isaac Bortey, who has been in business for over 35 years, said he has had to increase prices of all his goods since duties paid on imports have increased.

“There has been huge price changes. Because the goods are not coming, the few that are in the system have been increased.”

Nonetheless, he’s hopeful business will pick up for him to cash-in during Christmas after the usual discount is placed on his goods.

“Usually, during a holiday season, we give some discounts to our customers to entice them to come and buy from here. This year, we can only reduce the discount let’s say from five percent to two percent since times have changed. But we’ll definitely do something to stay competitive.”

The sale of footwear, however, appeared to have picked up slightly for some sellers. Isaac Amponsah said business is as normal as it could be around this time.

“When the Airports were opened we imported goods, we imported goods we bought before the lockdown and are selling those ones. Another batch is also on the way. Despite the COVID, business is still like before; not much has changed” he noted.

Related Posts

Business

AGI Advocates for Innovative Policies to Support SMEs

byBenjamin Aklama

Industry leaders are urging the adoption of innovative policies designed to provide Small and Medium Enterprises (SMEs) with dependable access...

Read more

Prices of Domestic Petroleum Products Set to Rise in October – IES

FBNBank Ghana launches Akye promotion

Transport owners and the missing NPA: who assured Sentuo to import BRVs?

BOST clarifies amount paid for iPhones bought for company executives

IMF hopeful Ghana will soon reach agreement with Official Credit Committee

Fuel prices to remain fairly stable at the pumps – COPEC

Next Post

Create conducive environment for struggling sector to thrive -Tourism Chamber

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2023 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

© 2023 Citi Business News - CitiBusinessNews.com by CNR Digital.