Author: citibusinessnews
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Ghanaian digital entrepreneur Ivy Barley joins Microsoft
Young Ghanaian digital entrepreneur Ivy Barley has joined Tech-giant, Microsoft as a program manager. Barley is the co-founder and CEO of Developers in Vogue, an organization helping women embrace the tech industry. Her organization which she would still continue to manage has trained and equipped thousands of women in Africa with digital skills. Developers in…
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Anamua Sakyi writes: Absolutely nothing wrong with ‘Take-or-Pay’ power purchase agreements
In recent times, there has been a strong debate on factors necessitating Ghana’s rising energy sector debt. One of such factors as mentioned, is the “take-or-Pay” (ToP) clause in the Power Purchase Agreements (PPAs) between the Government of Ghana (GoG) and Independent Power Producers (IPPs). GoG as the buyer of the power produced by the…
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COPEC contemplates court action if OMCs fail to reduce fuel prices
The Chamber of Petroleum Consumers Ghana (COPEC), says it will not rule out the possibility of going to court to compel Oil Marketing Companies (OMCs) in the country to reduce fuel prices at the pumps. The threat comes after a conflict over crude oil prices between Saudi Arabia and Russia pushed the global price of…
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UNIPASS is technically not different from our system – GCNet Deputy GM
The Deputy General Manager of Ghana Community Network Services (GCNet), which runs part of the import and clearing systems at the country’s ports, Carl Sackey, is questioning government’s rationale in the deployment of the Unipass single window system. Mr. Sackey, speaking on Citi TV’s current affairs programme The Point of View, argued that whatever problem…
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Chamber of Freight Forwarders boss urges members to embrace UNIPASS system
The President of the Chamber of Freight Forwarders and Traders, Dennis Amfo Sefa, says he expects freight forwarders to warm up to the idea of the UNIPASS single window system at the country’s ports Just like how the Ghana Community Network System (GcNet) took over the country’s ports in 2002, Mr. Sefa said the UNIPASS…
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GUTA warns of possible hikes in prices of goods as Chinese imports slows
Prices of some goods on the Ghanaian market may increase within the next two months if no solution is found to curtail the spread of the Coronavirus which originated from China, an economic powerhouse. That’s according to the Ghana Union of Traders Association, GUTA, whose members are unable to import goods from China due to…
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Shortfall in projected petroleum revenue likely due to drop in oil prices -IES
The Institute of Energy Security (IES), is predicting a shortfall in goverrnment’s revenue from oil exports this year by half due to the continuous drop in global oil prices. The Executive Director of IES, Paa Kwesi Anamuah Sakyi, told Citi Business News although Ghana exports oil from its three production fields, the volumes are relatively…
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Payment Systems Advisory C’ttee a potential game changer – Technology Chamber CEO
The Ghana Technology Chamber, an organization that comprises various financial technology firms and other technology companies, has expressed confidence in the ability of the newly constituted 8-member Payment Systems Advisory Committee to transform the country’s payment ecosystem. The Committee, chaired by the Bank of Ghana Governor, Dr. Ernest Addison, is a creation of the Payment…
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GIPC strategizes towards 10 billion dollars FDI target for 2020
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, says his outfit is putting in place the necessary strategies, as they work towards achieving their Foreign Direct Investment (FDI) target of $10 Billion dollars for the year 2020. “I seriously believe that the Ghana opportunity is almost limitless at this moment.…
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Hot sales: The new Huawei nova 5T sells out under four hours
The newly-launched Huawei nova 5T got sold out across the country within four hours of its release, just like the Huawei Y9s. Huawei customers and enthusiasts all over the country rushed to authorize Huawei dealer shops near them to purchase the much-talked-about Huawei nova 5T. According to customers who thronged Huawei shops across the country,…