Author: citibusinessnews
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GIPC, Dubai South sign MoU to accelerate economic ties and bilateral trade
Ghana Investment Promotion Center (GIPC), the foremost investment attraction and promotion agency under the presidential office of Ghana, has signed a Memorandum of Understanding, MoU, with Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate to promote all-round economic cooperation, bilateral trade and investment. The agreement, which was signed at…
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BoG warns against fraudulent money doubling scheme dubbed ‘Worldremit’
The Bank of Ghana is cautioning the general public against the patronage of a money-doubling scheme operating in Ghana under the pseudo name “Worldremit”. According to the Central Bank, “this fraudulent scheme is distinct from the globally renowned Fintech, “WorldRemit” which is in the business of international fund transfers”. The central bank explained that the fraudulent…
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Opportunity International holds clients forum for cocoa farmers
Opportunity International Savings and Loans (OISL) as part of its corporate mission to transform the lives of smallholder farmers through its Agriculture finance programme has organized a farmers’ forum for cocoa farmers. The Agricultural programme which started in 2010 has disbursed a cumulative loans amounting to GHS190 million to 161,000 smallholder farmers and SMEs businesses…
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Plans far-advanced to re-introduce reviewed Agyapa Royalties Agreement to parliament – Ofori-Atta
Minister for Finance, Ken Ofori-Atta, has reiterated government’s intention to address all issues raised by stakeholders about the proposed Agyapa Minerals Royalties deal before re-introducing it to parliament. According to him, the botched deal has been reviewed by the Attorney General’s office and will be re-submitted to parliament soon. The Finance Minister made this known when…
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African businesses urged to adopt robust strategies to benefit from free trade agreements
Given the enormous advantages that Free Trade Agreements such as the Africa Growth and Opportunity Act (AGOA) with the USA, the African Continental Free Trade Agreement (AfCFTA) amongst others present, African businesses have been urged to acquire a distinct identity through a well-invested strategy, in order to properly position themselves before competitors, customers, stakeholders, and…
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YARA calls for more value chain partnerships ahead of 11th Pre-harvest Agribusiness Conference
Ghana’s foremost agrochemical company, YARA Ghana has again put its weight behind the Pre-harvest Agribusiness Conference. Now in its 11th year, the annual forum for agribusinesses in Ghana has enjoyed tremendous support from YARA over the period. Having established itself as an ever-present partner of the Annual pre-harvest conference, Yara is always at the fore-front…
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NPA approves 2-month removal of Price Stabilisation, Recovery levy to reduce fuel prices
The National Petroleum Authority (NPA), has approved the removal of the Price Stabilisation and Recovery Levies (PRSL) on petrol, diesel, and LPG for two months. This was announced in a press statement issued by the Authority’s Corporate Affairs Department today, October 11, 2021. “The National Petroleum Authority (NPA) wishes to inform the public that His…
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Standard Operating Procedure for uncleared cargos in the offing – GSA
The Chief Executive Officer of the Ghana Shippers Authority (GSA), Ms Benonita Bismarck has said that engagements are ongoing among stakeholders to review the entire process of administration and handling of uncleared cargoes at the country’s ports. According to her, reports on uncleared cargo is worrying and urgent steps are needed to address it. Speaking…
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German government partners European companies to create jobs in Ghana
A delegation of German Industry and Commerce in Ghana (AHK), in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), is working with partner German businesses to, among other things, create jobs in Ghana. This is aimed at improving export opportunities, removing investment barriers, ensuring a skilled workforce as well as fostering sustainable investment. The two…
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Access Bank partners Coronation Insurance to provide Business Protection for SMEs
Access Bank has unveiled its Business Protection Insurance offering to provide protection against fire, flood, burglary and personal accidents, for Small and Medium Scale Enterprises. The Business Protection Insurance is the newest addition to the portfolio of insurance offered by the Bank, in partnership with Coronation Insurance. Unveiling the new insurance package together with Mr.…