Author: citibusinessnews
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Cedi depreciation and taxes quadruple domestic fuel prices in the last decade – IES
Over the past decade (2010-2019), Ghana has seen a 347 percent increase in price of Gasoline (Petrol) and a 338 percent increase in Gasoil (Diesel) price at the pump, largely because of Cedi depreciation, taxes and levies. Analysis of data from the Energy Commission (EC), National Petroleum Authority (NPA) and IES’ MarketScan show that by…
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The all-new multipurpose on-demand online marketplace in Ghana – Shopnaw
Each day, thousands of people in Ghana rely on ride-hailing services to commute from one place to the other. They also rely on this for food and grocery delivery services to save them time from moving around in congested cities to satisfy their cravings. Shopnaw has unveiled its new mission to create an on-demand marketplace…
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Electricity from wind and solar more economical than nuclear – IES
Institute for Energy Security’s (IES’) review of data from the U.S. Energy Information Administration (EIA) and financial advisory and asset management firm Lazard, have revealed that generating electricity from wind and solar is more economical than nuclear. The potential savings attained by generating a set quantity of electricity from renewables as a substitute for nuclear…
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Ghana-UK finalize negotiations on new interim Trade Partnership Agreement
Ghana and the UK have successfully completed negotiations on the new interim Trade Partnership Agreement between the two countries. The new agreement will take effect immediately both countries finalize on their internal procedures to accommodate the concessions. As part of the new agreement, Ghana will get duty-free and quota-free access to the UK market while…
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IT Consortium in collaboration with Axis Pensions launches RemitPlus
IT Consortium, Ghana’s number one ranked FinTech in the Ghana Club 100 in collaboration with Axis Pensions Trust has launched RemitPlus; a product designed to allow Ghanaians have access to value added financial services such as pensions contributions whenever they receive international remittances. Other value offerings that come with RemitPlus include an embedded life cover…
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Huawei Matepad T10s; your perfect back to school companion
Having a smart tablet was originally the staple of the modern businessperson. However, over the years, creative users, entertainment lovers and now even students tend to need it for everyday use. With the ‘back to school’ season coming up, you would surely need a tablet for school, so here are 5 reasons why you should…
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Huawei Y7a launched in Ghana; pre-order and enjoy incredible gifts
Huawei has recently launched the new Huawei Y7a and you can pre-order before 11th February to enjoy amazing gifts. Following the launch of the HUAWEI Y9a, a high-end model in the Y series line-up, the new HUAWEI Y7a is even more affordable. The HUAWEI Y7a comes with HUAWEI SuperCharge, a large battery, AI quad camera…
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Africa Legal Associates completes engagement with Imara on monetization of gold royalties project
Ghanaian legal firm Africa Legal Associates (ALA) has completed its engagement with Southern Africa consulting firm Imara Corporate Finance on the monetizing of Ghana’s gold Royalties Project, also known as the Agyapa project. Imara is a corporate finance consulting firm engaged by Ghana’s ministry of finance as transaction advisor for the Agyapa agreement. ALA was…
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Aker Energy appoints Kadijah Amoah as CEO of Aker Energy Ghana Limited
Aker Energy AS has promoted Country Director, Mrs. Kadijah Amoah as Chief Executive Officer, CEO, of Aker Energy Ghana Limited, effective 4 January 2021. In a statement issued by the company, CEO of Aker Energy AS, Håvard Garseth, notes that, the move shows Aker Energy’s commitment to become a fully Ghanaian operator managed and run…
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Don’t invest in Chy Century Heng Yue; it’s a Ponzi scheme – EOCO cautions Ghanaians
The Economic and Organised Crime Office (EOCO) has warned the public against doing business with a Chinese Company called Chy Century Heng Yue Group Limited and Sairuir-Commerce Ghana Limited. In a statement, EOCO said it had been monitoring the company since the middle of 2020 and has concluded it is a Ponzi scheme. “The company…