Author: citibusinessnews
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Ghana-Kenya business relationship to deepen
President of Kenya, Uhuru Kenyatta has urged for stronger trade collaboration between Ghana and Kenya. According to him, Kenya possesses the requisite opportunities for business growth to enhance investments into both countries. Uhuru Kenyatta also believes harmonizing resources for business growth will reflect in the overall vision of the ECOWAS and the East African…
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Businesses continue with strike over high taxes
Activities by business operators to protest the high taxes may be far from over as leadership of the various associations outline yet another series of actions to get their concerns addressed. The activities, Citi Business News understands involve closing down shops, embarking on a nationwide demonstration, as well as boycotting some of the tariffs and taxes being…
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Review laws on small scale mining in Ghana – Tony Aubynn
The Minerals Commission, is proposing a revision of aspects of the country’s Mineral and Mining law, Act 703 of 2006 in relation to the small scale mining in Ghana. According to the Commission, there is a fundamental problem with the current legislation and practice. The current minerals and mining law defines small scale mining as mining…
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(Audio) Food Tales: Poor weather pattern reduce local rice output
The third edition of Food Tales focuses on the local rice industry. Food tales explores the difficulties players in the food stuff supply chain go through to get us the produce. Citi Business News’ Jessica Aryee reports that the unfavourable weather pattern also impacted adversely on the output of the local rice for the 2015 crop…
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Former Barclays Boss to buy bank’s stake in Africa?
Former Barclays Chief Executive, Bob Diamond, is lobbying investors to back a takeover bid for a swath of the UK bank’s African empire that he helped to construct. His audacious move comes after Barclays announced plans this week to sell its African operations, which date back almost a century. The retreat, has raised concerns among…
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Busy opens new ultramodern office to customers
Internet Services provider, Busy has officially opened its ultra-modern renovated office at Ring Road, a suburb of Accra. The refurbished centre will offer internet café services in addition to the 4G products on sale. It also has a sales centre where customers can purchase devices and data bundles, as well as a service centre where…
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Price of tomato increases by 7 percent
For the first week in March, the price of tomato recorded the highest gain of seven percent. The commodity ended the week at 7 cedis 70 pesewas per medium size tin. This was followed by cassava and groundnut which recorded 6 percent gain in their prices. Yam recorded the third highest gain of 3 percent…
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(Audio) Food Tales: High cost of transport killing yam business
The second edition of Food Tales focuses on the retail of yam. Food tales explores the difficulties players in the food stuff supply chain go through to get us the produce. In the following report, Citi Business News’ Jessica Aryee explores how vendors bear with the high cost involved in carting the produce to the…
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High taxes: Businesses end strike; open shops to customers
Business operators belonging to the Joint Private Sector Business Consultative Forum are expected to open their shops to customers from today. A statement issued by the Forum and copied to Citi Business News called on the operators to heed the directive while they await the next line of action. The business operators have for the past three…
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SA’s Standard Bank posts 27% profit rise
South Africa’s Standard Bank reported a 27 percent rise in full-year profit on Thursday after offloading loss-making operations outside Africa. Standard Bank said headline earnings per share (EPS) totalled 1,359 cents for the period to end-December, from 1,070 cents the previous year. Headline EPS is the main profit measure in South Africa and excludes certain…