Author: Bobbie Osei
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Potential investors cancel trips to Ghana over COVID-19 pandemic – GIPC
The CEO of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, says his outfit has started recording cancellations of scheduled meetings by potential investors due to growing concerns about the increasing number of Coronavirus infections across the world. Currently, the disease has killed more than 7,000 people globally, out of over 180,000 cases. Speaking about…
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We haven’t suspended operations in Ghana due to COVID-19 – Uber Management
The local management of the world’s leading ride-hailing app, Uber, has denied reports that it has suspended operations in Ghana following the threat posed by the coronavirus pandemic. This follows the circulation of messages on social media which sought to create the impression that the services of the company had been suspended as a result…
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Stay away from predictions on fuel price movements – COPEC advises NPA
The Chamber of Petroleum Consumers Ghana (COPEC), has asked the National Petroleum Authority (NPA), to desist from making pronouncements on fuel price movements at the pumps. This follows the NPA CEO, Hassan Tampuli’s suggestion that per their calculation, consumers should expect about 15 percent reduction in fuel prices from March 15, 2020, which is the…
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Investors need clarity on Africa’s regulatory environment to attract more FDIs – EBII Compliance
The Emerging Business Intelligence and Innovation Compliance is set to host a forum that will connect investors with various regulatory agencies in Africa in a bid to demystify the perception of some Western businesses that Africa is a high-risk area for investments. The forum, slated for May this year, will be hosted in Ghana. It…
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Standard Chartered Bank updates SC Mobile App to encourage online transactions
As part of efforts to boost patronage of investment products, Standard Chartered Bank, has introduced a new feature on its mobile banking app that allows customers to purchase Government Treasury bills and bonds. Speaking to Citi Business News after an engagement with clients on the additional feature, the Head of Wealth Management at Standard Chartered…
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African governments urged to remove barriers hampering cashless society agenda
African governments have been urged to expedite actions that will remove existing barriers to the adoption of cashless payment solutions. Nearly 13 years after the launch of M-Pesa in Kenya, there are nearly 200 million consumers subscribed to various mobile money services across the continent. But speaking on the sidelines of the press launch of…
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Chamber of Bulk Oil Distributors work to increase fuel supply to Mali, other landlocked countries
The Chamber of Bulk Oil Distributors, CBOD, says it is ready to take the necessary steps to significantly increase Ghana’s share of the supply market for petroleum products, to landlocked countries in the West African sub-region to 50 % in the short-term. Currently, landlocked countries such as Mali and Burkina Faso are getting a majority…
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Automobile Dealers Union pushes for more dialogue on Customs Amendment Bill
The Automobile Dealers Union Ghana is urging government to be mindful of the survival of second hand car dealers in the country, as it works to ban the importation of used vehicles that are older than 10 years. The comments follow Tuesday’s passage of the Customs Amendment Bill at the second reading stage in Parliament,…
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GIPC woos Air Malta to begin operations in Ghana by 2nd quarter of 2020
The Ghana Investment Promotion Centre (GIPC), says it is working to have Air Malta, Malta’s national carrier, to begin operations to Ghana by the end of the 2nd quarter of this year. This will make Ghana the first destination of the Airline in Sub-Saharan Africa. Currently, the airline which has its hub at the Malta…
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Access to EU market critical despite efforts to deepen intra-African trade – GIPC
The Ghana Investment Promotion Centre (GIPC), has charged Ghanaian businesses to leverage the strategic position of Malta, in their quest to gain access to the European Market. According to the CEO of the GIPC, Yofi Grant, Europe will continue to be a significant trading destination for Ghana even as calls for increased intra-Africa trade are…