Author: citibusinessnews
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GSS urges businesses to volunteer information for its business tracker survey
The Ghana Statistical Service, GSS, is appealing to businesses to cooperate with them to enable them carry out the business tracker survey successfully. The business tracker, in collaboration with UNDP and the World Bank, seeks to assess the impact of the novel Coronavirus pandemic on businesses in Ghana. It will involve the use of telephone…
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Money laundering breaches: Ghana can meet FATF’s deadline – Kwaku Duah
The Head of the Financial Intelligence Centre, Kwaku Duah, believes Ghana is in the position to correct and address all deficiencies that puts the country on the money laundering radar. The European Commission on 7th May 2020 cited Ghana as one of four African countries listed by the European Union for money laundering breaches. The…
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COVID-19: Monetary support alone not enough for businesses – PEF CEO
The Chief Executive Officer of the Private Enterprise Federation (PEF), Nana Osei-Bonsu, says the interventions introruced by government for small and medium scale businesses affected by COVID-19 will not be enough. In a bid to cushion Ghana’s economy due to the impact of coronavirus, the government has among other things launched a GHs1 billion Coronavirus…
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NBSSI cautions against illegal charges for registration for GHS1bn SMEs loan
The National Board for Small Scale Industries, NBSSI, says the application process for government’s GHS1 billion Coronavirus Alleviation Programme Business Support Scheme, is absolutely free. The clarity comes on the back of reports that some applicants are being charged between 200 and 250 cedis by some persons to access the loan package announced by government…
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Citi Business Festival comes off in June
All is set for the annual Citi business event, the Citi Business Festival, which is slated for June 2020. The month-long festival is an extensive programme of outdoor business events and on-air activities providing inspiration, business ideas and information for persons who are starting, building or growing their businesses. This year’s festival will feature virtual…
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Hundreds visit NBSSI offices in Bono to apply for GHS1bn SMEs stimulus package
It appears the interest in government’s stimulus package for small and medium scale enterprises affected by the COVID-19 pandemic, is quite huge considering that over 14,000 people have already signed onto it. On Friday for instance, hundreds of people thronged the offices of the National Board for Small Scale Industries, NBBSSI, in the Bono Region,…
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GEPA to increase coconut export to boost earnings and create jobs
The Ghana Export Promotion Authority (GEPA), says it will increase export of coconut to improve revenue for non- traditional export. Already, GEPA has supplied 160,000 coconut seedlings to Coconut Farmers in the country to increase coconut production within the next five years. Chief Executive Officer of the Ghana Export Promotion Authority, Afua Asabea Asare, in…
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![Governor Ernest Addison must prioritize consumer protection [Article]](https://citibusinessnews.com/wp-content/uploads/2020/05/EBEN-PIC.jpeg)
Governor Ernest Addison must prioritize consumer protection [Article]
Financial consumers in Ghana have in the recent past suffered distasteful treatment at the hands of financial service providers. This has happened because there is gross disregard for financial consumer protection in Ghana. Without mincing words, this unsatisfactory state of affairs can be pinned firmly at the doorstep of the Bank of Ghana, which is…
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Avoid debt accumulation in energy sector – IES urges Gov’t
The Institute of Energy Security, IES, has advised government to take steps to ensure that it does not accumulate debt in the energy sector. The Institute says it is important for government to adhere to its own guidelines in order not to repeat that situation. The comments come after the Energy Ministry announced that government…
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Kafui Amanfu writes: Unleash spectrum potential to pave the way to a digital Ghana
The internet has revolutionized our society at an unprecedented speed, with mobile a key tool supporting its rapid growth. A recent study by the International Telecommunication Union (ITU) found that a 10% increase in mobile broadband penetration yields a 1.8% increase in GDP in middle-income countries and a 2% increase in low-income countries [Source: Katz…