Author: citibusinessnews
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Accra: Some Eateries lament low patronage despite easing of restrictions on public gathering
Despite the easing of COVID-19 induced restrictions on public gathering, some popular eateries in the Greater Accra Region say they’re still recording low patronage. For nearly three months, many restaurants and eateries have not operated fully as they could not host guests. But the easing of the restrictions now permits restaurants to host clients albeit…
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We’ll not back down on demonstration against Customs Amendment Act – Automobile Dealers Union
The Automobile Dealers Union of Ghana, ADUG, says it will go ahead with its planned demonstration despite the Trade Ministry’s call on them to further engage government on their concerns about the Customs (Amendment) Act, 2020. The Act bans the importation of second hand cars of more than ten years old, as well as salvage…
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UNIPASS takes off fully today after challenging pilot
Effective Monday, June 1, 2020, all new transactions in respect of import and export are expected to be processed only through the Ghana Revenue Authority’s new Integrated Customs Management Systems, also known as UNIPASS. UNIPASS, which will replace the systems operated by West Blue Consulting and the Ghana Community Service Network Limited (GCNet), is an…
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Africa must use COVID-19 to accelerate development through AfCFTA – GIPC CEO
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC) Yofi Grant, is urging member countries of the African Continental Free Trade Area (AfCFTA ) to leverage on lessons from covid-19 to accelerate development though trade. Mr. Grant says Africa has the potential to become self-reliant and should be ready to embrace this misfortune…
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Citi Business Festival: Absa assures participants of great insight this June
With few days to the much anticipated Citi Business Festival, the lead sponsor, Absa, has assured that participants will gain immensely from the carefully selected topics for this year’s edition. This year’s business festival will come off from Monday June 1st, through to July 2nd. The month-long festival is an extensive programme of on-air activities…
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Ghana requires a policy to reduce reliance on imports – Alhassan Andani
The CEO of Stanbic Bank, Alhassan Andani, says the challenges posed by COVID-19 should engineer a new policy that will reduce Ghana’s reliance on imports, particularly from China. According to him, Ghana can improve agriculture production and limit its export by looking at the opportunity to boost domestic production and consumption of some food commodities.…
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LPG from Ghana Gas more expensive than imported product; COPEC insists
The Chamber of Petroleum Consumers, COPEC, insists that Liquefied Petroleum Gas supplied to Oil Marketing Companies by the Ghana National Gas Company is more expensive than imported LPG. COPEC had earlier called on the Ministry of Energy to address the anomaly which it says had contributed to an increase in the price of LPG in…
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Poultry farmers hopeful of a boost in production with adb credit facility
The Greater Accra Poultry Farmers Association says it is optimistic that the Agricultural Development Bank’s credit facility to the poultry industry will go a long way to boost local poultry production and subsequently reduce importation. Adb has announced a 500 million cedis loan facility to boost the operations of poultry farmers in the country. The…
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Tax relief for Covid-19 Trust Fund donors won’t affect Gov’t revenue – Tax Analyst
Tax Analyst William Demetia, says granting tax reliefs to companies that have donated towards the National Covid -19 Trust Fund, will not in any way affect government’s revenue target for the year. The GRA says the policy will also affect companies that are yet to make a donation. So far, some Trust Fund has received…
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Group urges Gov’t to implement ECOWAS Veterinary Pharmaceutical Protocol in livestock sector
The Women in Poultry Value Chain (WIPVaC), has called for the speedy implementation of the Economic Community of West African States’ Veterinary Pharmacy Protocol in Ghana. The group, which is an umbrella organization of women in the poultry value chain, believes that supporting the implementation of the ECOWAS Veterinary Pharmaceutical Protocol will allow Ghana’s livestock…