Author: citibusinessnews
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Cylinder Re-circulation Model pilot implementation launched in Kade
The National Petroleum Authority, NPA, and the Ministry of Energy, has finally launched the pilot implementation of the Cylinder Re-circulation Model at Kade in the Kwaebibirim Municipality of the Eastern Region. The Cylinder Re-circulation Model, which is primarily aimed at reducing LPG-related accidents according to government, will also create more jobs contrary to claims by…
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Remove cap on payments to enable us settle customers – Fund Managers to gov’t
The Ghana Securities Industry Association, the umbrella body of organisations licensed by the Securities and Exchange Commission, is urging government to consider increasing the payouts to collapsed fund management companies whose funds are with the receiver. A Governing Council Member of the Association, Kisseih Antonio, in an interview with Citi Business News said while the…
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Exhibitors at 24th International Trade Fair in Tamale lament low patronage
Exhibitors at the 24th International Trade Fair in the Northern Regional capital, Tamale, are complaining about low patronage, and are worried they may incur losses. The exhibitors say publicity is low and most residents of Tamale are unaware of the fair. They have thus appealed to organizers to intensify publicity for the public to patronize…
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Reduced Chinese imports to hit Ghana’s economy despite cedi’s gain – Health Economist
A health economist, Dr. Gordon Abekah-Nkrumah, says suggestions that the Ghana cedi may have strengthened against the US dollar partially due to reduced imports from China over the outbreak of the coronavirus could be true. However, Dr. Abekah-Nkrumah, speaking on the Citi Breakfast Show, stated that despite the gains made by the local currency, the…
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Association of Savings & Loans firms satisfied with payment of locked up funds so far
The Ghana Association of Savings and Loans Companies has expressed satisfaction with the process to ensure that all customers of defunct savings and loans companies are paid their locked-up deposits in full. The Receiver last week Monday started paying out customers their locked-up funds from a GHS5 billion made available by the government as part…
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National Board for Small Scale Industries increases financial support for start-ups
The government in collaboration with the World Bank and the National Board for Small Scale Industries is set to increase start-up capital advanced to businesses in the country. According to the Director of Business Support at the National Entrepreneurship and Innovation Programme (NEIP), Franklin Karikari, the move is to strengthen the entrepreneurship ecosystem in Ghana.…
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National Kaizen project by JICA and NBSSI empowering women economically – JICA Chief Rep
The Japan International Cooperation Agency (JICA) and the National Board for Small Scale Industries (NBSSI), organized the Kaizen Conference for Women under the theme: “Kaizen as a tool for women’s economic empowerment”. The Conference projected the importance of adopting Kaizen for female-owned businesses as a friendly tool for economic empowerment and introduces young female entrepreneurs…
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Unipass implementation delays as training for freight forwarders begin after protests
The much-anticipated rollout of the UNIPASS single window system at the country’s ports could not come off as expected at Elubo in the Western Region as freight forwarders are now being asked to present their names for training on the new system. The Ghana Institute of Freight Forwarders had warned the government against a major…
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Jack Welch: Legendary General Electric boss dies at 84
Jack Welch, a titan of American business who transformed General Electric (GE) into America’s most valuable company, has died aged 84. He ran the US conglomerate from 1981 until 2001 and was once named “manager of the century” for his achievements. Nicknamed “Neutron Jack” for his cost-cutting, he became a best selling author and confidante…
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Coronavirus: Global growth ‘could halve’ if outbreak intensifies
On Monday, the Bank of England said it continued to monitor developments and was assessing its potential impact on the global and UK economies and financial systems. “The Bank is working closely with HM Treasury and the FCA (Financial Conduct Authority) – as well as our international partners – to ensure all necessary steps are…