Author: citibusinessnews
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Formalise your operations to attract credit and growth – Grace Anim-Yeboah to MSMEs
The Director of Business Banking at Absa Bank Ghana, Grace Anim-Yeboah, has advised Micro Small and Medium Enterprises (MSMEs) who intend to secure credit facilities to expand their businesses to formalise their operations. Speaking on the on-air series of the Citi Business Festival on the Citi Breakfast Show, Madam Anim-Yeboah explained that these enterprises stand a better…
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Absa Bank offers collateral-free loans to credible MSMEs – Grace Anim-Yeboah
In a bid to see Micro Small and Medium Enterprises (MSMEs) thrive, ABSA Bank Ghana has been offering loans as high as GHS 500,000 to start-ups without taking any form of collateral. The Director of Business Banking at Absa Bank Ghana, Grace Anim-Yeboah, disclosed this on the on-air series of the Citi Business Festival on…
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Processing an insurance claim is easier than thought – The Coronation Insurance way
Losses or damages are incurred continuously by motorists, business owners, workers, property owners etc. These damages or losses should have a financial cover which will protect them from the cost of damage or loss incurred. The process of getting this financial cushion is known as getting an insurance policy/cover. This is a contract between an…
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Ghana vies for ARSO presidency
Ghana is contesting for the presidency of the African Organization for Standardization (ARSO), the intergovernmental body in-charge of harmonizing standards and conformity procedures to facilitate seamless intra-trading. This comes after the Ministry of Foreign Affairs and Regional Integration submitted the country’s bid in late April. ARSO’s 2021 elections is slated for June 15 in Rwanda’s…
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Alan woos American investors, as US EXIM Bank seeks to assist 1D1F with $300 million
Ghana’s Trade and Industry Minister, Alan Kyerematen, made a strong case for Ghana during the US President’s Advisory Council on Doing Business in Africa (PAC-DBIA) virtual Roundtable on Wednesday, June 2, 2021. The PAC-DBIA advises the US President, through the Secretary of Commerce, on ways to strengthen commercial engagement between the United States and African…
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Prof. Dodoo calls for dialogue on financial barriers stifling growth of MSMEs
The Chief Executive Officer (CEO) of the Ghana Standards Authority (GSA), Prof. Alex Dodoo believes Micro, Small and Medium Enterprises (MSMEs) will thrive and compete favourably on the market if financial barriers hindering them from having access to specific resources are removed. Citing an example to support his claim, Prof. Dodoo said some unfavourable policies…
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#CitiBusinessFestival panelists outline strategies for ‘Doing Business in Ghana as an MSME’
Five speakers billed for the 2nd edition of the 2021 Citi Business Festival’s virtual forum gave varied opinions on effective ways of doing business in Ghana as a Micro Small and Medium Enterprise (MSME). Citi News’ Vivian Kai Lokko hosted the show which was live on Citi TV, and was also streamed on social media…
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Registrar General to delete names of companies that fail to file returns by June 30
The Registrar-General, Jemima Oware, says companies that fail to file their returns by the end of June 2021, risk having their names struck out of the list of businesses in Ghana. She said about 200,000 companies have since 2011 failed to file their annual returns and financial statements despite several notices and reminders. Speaking on…
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#CitiBusinessFestival: MSMEs exempted from taxes must still file returns – Ali-Nakyea
A Senior Lecturer at the University of Ghana Law School, Dr. Abdallah Ali-Nakyea, has advised Micro Small and Medium Enterprises (MSMEs) to file annual returns on their income to the Registrar General’s Department even when exempted from paying taxes. MSMEs are required to pay taxes to facilitate development initiatives, but young entrepreneurs [less than 35…
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#CitiBusinessFestival: Build capacity to attract credit – Grace Anim-Yeboah urges MSMEs
The Director of Business Banking at Absa Bank Ghana, Grace Anim-Yeboah, has urged entrepreneurs who intend to secure credit facilities to start or expand their businesses to build capacity first. Speaking on the theme, ‘Doing business in Ghana as an MSME‘ on Citi TV, as part of this year’s virtual fora of the Citi Business…