Author: citibusinessnews
-
TAGG calls for engagement with stakeholders over port charge increment
With the commencement of the increment of charges by the Ghana Ports and Harbours Authority, the Traders Advocacy Group Ghana, TAGG, is calling on government to relook at the high cost of freight charges and cost doing business in the country. According to the group, the effect the COVID-19 on businesses has been ravaging, thus…
-
CBOD launches 2019 petroleum industry report; demands action on illegal fuel trade
The Ghana Chamber of Bulk Oil Distributors (CBOD) has launched in 2019 Petroleum Industry report with a call on government to take steps to quickly end the illegal trade in petroleum products in the downstream sector. Addressing a virtual gathering on Zoom to launch the report, the Chairperson of the Board of the Chamber, Ivy…
-
Cabinet approves new standards bill; ready to be laid in coming weeks – Alan Kyerematen
Cabinet gave approval for the new standards bill to be presented to Parliament for consideration and passage, Trade and Industry Minister-designate Alan Kyerematen told the vetting committee last Friday. The bill which replaces the Standards Authority Act 1973 (NRCD 173) will empower the Ghana Standards Authority (GSA) to destroy seized substandard goods while introducing stricter…
-
We did not provide guarantees to IPPs – World Bank clarifies
Following recent media reports, the World Bank wishes to clarify that it has not provided any financing or guarantees to the Independent Power Producers (IPPs) that signed Power Purchase Agreements with the Government of Ghana or the Electricity Company of Ghana during the (Dumsor) energy crisis in 2014-2016. A statement issued by the World Bank…
-
139,331 jobs created from 1D1F so far – Alan Kyerematen
The Trade and Industry Minister-designate, Alan Kyerematen says 139,331 jobs have so far been created from the government’s One District, One Factory initiative. Mr. Kyerematen, who announced this when he appeared before the Appointments Committee of Parliament on Friday, February 26, 2021, also disclosed that “76 of the projects are currently operational whilst 107 of…
-
Meet Kristianne Reindorf Osei; the Young Ghanaian MD of a real estate company bagging global awards
Though the real estate industry is widely male dominated, that is not scaring a young Ghanaian woman from making strives and carving a niche for herself and her company. Kristianne Reindorf Osei’s company, Twelve Springs Investment Group, has in recent weeks gained global recognition for its work in the real estate industry. Twelve Springs Investment…
-
UBA Ghana restates commitment to provide fast and secure remittance service with Africash
UBA Ghana, a Pan-African financial institution, has reiterated its commitment to provide fast, secure, reliable and convenient remittance services across all 20 operating countries with its intra-African money transfer service, Africash. Africash is a secure and robust remittance processing platform that helps customers and non-customers to quickly send and receive funds at any location where…
-
SMEs need to master ICUMS, attract credit in order to benefit from enormous AfCFTA opportunities – FBNBank MD
The Managing Director of FBNBank, Mr. Victor Yaw Asante has stated that SMEs need to master the Integrated Customs Management System (ICUMS) of the Ghana Revenue Authority (GRA) and also to place themselves in a good position to attract credit from banks in order to benefit from the African Continental Free Trade Area’s (AfCFTA) enormous…
-
Gas sub-sector becoming a fiscal burden to the country – IES study
The Institute for Energy Security’s (IES’) study of the petroleum industry reveals that the natural gas sub-sector is rapidly becoming a fiscal burden to the country due poor energy strategies, and delays in building the necessary and relevant infrastructure to off-take the processed domestic gas. Government’s poor handling of the gas sub-sector is greatly contributing…
-
![WAPCo’s role as a reliable partner in cleaner energy supply enhanced [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2021/02/gas.jpeg)
WAPCo’s role as a reliable partner in cleaner energy supply enhanced [ARTICLE]
The West African Gas Pipeline Company Limited (WAPCo), owner and operator of the West African Gas Pipeline (WAGP), is pleased to highlight three major achievements attained in 2020 that has resulted in improved reliability of the gas supply through the pipeline and brought great benefits to customers especially in Ghana. These events have placed WAPCo…