Author: citibusinessnews
-
AfCFTA provisions will handle trade barrier issues like Nigeria’s border closure – Alan
Ghana’s Minister for Trade and Industry, Alan Kyerematen, says Nigeria’s continuous border closure with Benin that has affected Ghana and other countries, may not have any impact on the implementation of the African Continental Free Trade Area. There are concerns that the closure of the critical border to Africa’s largest economy will thwart the objective…
-
AfCFTA implementation: Technical working groups inaugurated to work on Ghana’s Action Plan
In order to fast-track trade within the African continent, and ensure that Ghana derives maximum benefit from the African Continental Free Trade Area, ACFTA, the Trade and Industry Ministry, has constituted technical working groups to work on a seven cluster initiative. The Minister, Alan Kyerematen, who inaugurated the groups, says the move is to ensure…
-
Demolished companies at Trade Fair Centre accuse company of unfair treatment
Owners of buildings demolished at Trade Fair in Accra have condemned authorities for carrying out the exercise without giving them ample notice. About 8 structures belonging to different companies were pulled down on Monday dawn on the authorization of the trade Fair Company Limited. The demolition comes after an injunction that was placed on the…
-
US$3 billion Eurobond hits Bank of Ghana’s accounts
The US$3 billion Eurobond issued by the government earlier this week has hit the accounts of the Bank of Ghana, a source close to the central bank has told Citi Business News. The funds from the three-pronged bond deal reached the central bank last Tuesday. The proceeds from the bond provide an improved cover for…
-
Tonifel Enterprise wins overall national best distributor for Promasidor
Tonifel enterprise in the Greater Accra Region took the ultimate prize of over 120,000 thousand Ghana cedis making her the overall national best distributor for the year 2019. Maaltima Enterprise and Giant Traders took the 2nd and 3rd positions respectively. In addition to the prizes for these top three awardees, they also earned an all-expense…
-
Local industries critical to Ghana Beyond Aid agenda – GEPA CEO
The Chief Executive Officer (CEO) of the Ghana Export Promotion Authority (GEPA), Dr. Afua Asabea Asare, says government remains committed to supporting local industries as part of efforts towards achieving the Ghana Beyond Aid agenda. According to her, there is a significant revolution in the value addition process of raw materials by local industries to…
-
SEC to unveil cheaper funding source for real estate companies by June
Real estate industry players in the country will by the end of the second quarter of this year have access to cheaper credit to undertake their projects. This is because the Securities and Exchange Commission (SEC), has set its focus on launching a Real Estate Investment Trust regulatory framework by end of June. According to…
-
BOST must work to keep strategic oil reserves – IES
The Institute of Energy Security, IES, says the current state of the Bulk Oil Storage and Transportation Company, BOST, puts the country at risk in case of oil price hikes. The IES says BOST for the past three years has not been able to strategically store enough oil to cushion the country in an emergency…
-
Farmers in Tano North and South lament influx of fake agro-chemicals
Farmers in some communities in the Tano North and South Municipalities of the Ahafo Region, are lamenting the influx of adulterated and harmful agro-chemicals. The affected communities include Techimantia, Derma, Bechem, Duanyaw-Nkwanta and others. The situation is said to be impacting negatively on vegetable production, as farmers continue to record low yield. Speaking to Citi…
-
Ongoing energy sector projects to interrupt power supply occasionally – MiDA
As the Ghana-US power compact agreement comes to an end in 18 months’ time, the entity set up by government to supervise the deal, the Millennium Development Authority-MiDA, says the availability of 308 million dollars and 23 million dollars counterpart funds from government, will see to an investment in infrastructure and business-related projects. Speaking to…