Author: citibusinessnews
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#CitiBusinessFestival: Ghanaian businesses need better incentives than protection – Yofi Grant
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Yofi Grant, says Ghanaian businesses are better off with government incentives aimed at fostering their growth rather than being protected from foreign competition. Speaking during week 2 of the Citi Business Festival on the theme, ‘Doing business in Ghana as a Micro Small…
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Standard is the language of trade; it’s critical to meet them – Prof. Dodoo to businesses
The Chief Executive Officer (CEO) of the Ghana Standards Authority (GRA), Prof. Alex Dodoo, has said it is extremely important for entrepreneurs to be concerned about the role of standardization in their businesses if they seek to excel. According to him, standardization is “the language of trade”. Prof. Alex Dodoo was speaking on the theme…
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Take advantage of incentives, tax exemptions and rebates – Tax analyst urges businesses
Businesses continue to be encouraged not to lose sight of the government’s tax waivers to enable them to grow and sustain their operations. Tax analyst and Senior Lecturer at the University of Ghana School of Law, Dr. Abdallah Ali-Nakyea, says there exists an array of incentives, tax exemptions, and rebates that, Micro Small and Medium…
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#CitiBusinessFestival: Virtual forum on ‘Doing Business in Ghana as an MSME’ comes off today
The second edition of the 2021 Citi Business Festival’s virtual fora comes off today [Tuesday, 8th June, 2021]. The forum, which is expected to kick off at 11:00 am and end at 1:00pm, will be hosted by Citi News’ Vivian Kai Lokko. The discussion will be centered on the theme “Doing Business in Ghana as…
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#CitiBusinessFestival: Training on entrepreneurship should begin from SHS – Yofi Grant
The Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, believes one of the ways to raise more entrepreneurs within the Micro Small and Medium Enterprises (MSMEs) sector is for the government to empower the youth through skills training right from Senior High School. Speaking on the on-air series of the…
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Ghanaians urged to take advantage of International Development Fund
The Programme Coordinator for the International Development Fund in Ghana, Jelili Jerry Afolabi, has urged Ghanaian entrepreneurs to explore international opportunities in development finance under the International Development Fund. Addressing participants during the first IDF funding seminar organized by WABS Consult in Accra, Mr. Afolabi said the IDF provides collateral-free financial resources for the execution…
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Improve living conditions of ageing cocoa farmers – Chief to government
Nana Bekoe Ahwireng, Chief of Mpaem in the New Juaben North Municipality, has called for a critical look at the living conditions of ageing cocoa farmers and make the industry attractive to young people. “The cocoa industry is full of elderly people and the youth are hesitating to go into it because the living conditions…
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Daily minimum wage increased to GHc12.53 effective June 4
The 2021 National Daily Minimum Wage has gone up by 6 percent to GHc12.53 effective June 4, 2021, from the GHC11.82 that took effect on January 1, 2020. This is in pursuance to the Labour Act, 2003 (Act 651) section 113 (1) (a), and comes after concluded negotiations by the National Tripartite Committee (NTC) on…
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Insurance key to safeguarding funds during e-commerce – Absa Chief Enablement Officer
Ebo Richardson, the Chief Enablement and Information Officer at Absa Bank, Ghana, has urged businesses not to lose sight of the importance of insurance when safeguarding their e-payment structures while utilizing e-commerce. Insuring e-payment structures will help secure the money of businesses and customers in the event of some losses, Mr. Richardson said on the…
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Transport fares to go up by 13% from Saturday
The Ghana Private Road Transport Union (GPRTU) has announced a 13 percent increase in transport fares effective Saturday, June 5, 2021. The new fares will cover intercity ‘trotro’ vehicles, intercity long-distance vehicles and shared taxis. The decision, according to the union, is to predominantly accommodate the recent increase in fuel prices. It says, however, that…