Author: citibusinessnews
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Industry players optimistic Motor Insurance Database will boost insurance penetration
Insurance companies in the country are anticipating diversity in product offerings to deepen competition in the industry with the rolling out of the new Motor Insurance Database by the National Insurance Commission. Per the move, insurance companies are to issue electronic motor insurance stickers for clients and also input all such information unto a database…
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Construction of poor roads to tourism and hospitality sites to start this year
Some deplorable roads leading to some of the country’s major hospitality and tourism facilities are to be constructed this year according a Deputy Minister of Tourism, Dr. Ziblim Barri Iddi. “We had very bad roads leading to our major tourist attractions, so the directive by the President in 2018 was that the Roads Minister works…
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NBSSI urges financial firms to empower SMEs before offerring credit
The Chief Executive Officer of the National Board for Small Scale Industries (NBSSI), Kosi Yankey Ayeh, has urged financial institutions that offer loans to Small and Medium Scale Enterprises, SMEs, to consider empowering them through skills development before offering them credit. She says this will provide a better guarantee for the capacity of the businesses…
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Ghana Grains Council, BUSAC Fund collaborate to promote standards in the grain industry
Ghana Grains Council (GGC) in collaboration with the Business Sector Advocacy Challenge Fund (BUSAC Fund) supported by USAID and DANIDA is embarking on a month-long advocacy campaign to sensitize members and other stakeholders in the agricultural commodity markets value chain, especially for grains and legumes in Ghana on the need to enforce standards in the…
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MicroEnsure Ghana appoints Leona Lillian Abban as new Country Manager
Effective 1st February, Leona Lillian Abban takes over from Adjoa Boateng who led the business for 7 years and has recently stepped down. With a Bachelor’s degree in Biological Science from the University of Cape Coast, Leona began her career at Prime Insurance Company Limited. She worked in various departments (Finance, Underwriting and Business Development)…
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Standard Chartered’s ’14 days of Valentine with SC Mobile’ rewards customers
Clients of Standard Chartered who transact business on the Bank’s Digital Platform – SC Mobile app have received numerous goodies as part of the bank’s 14 days of Valentine promo to celebrate the season of love. Since February 1, customers have been rewarded for using the app to complete various transactions. Over the past 2…
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NEIP urges startups to take advantage of tax holiday to expand
Executive Director of the National Entrepreneurship and Innovation Plan (NEIP) John Kumah, has urged businesses below five years to take advantage of the tax holiday introduced by government and apply. He says this will relieve them off some pressures that come with building a robust business. “An important thing is the environment for startups, since…
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AfDB refutes World Bank President’s comments on Africa’s debt profile
In several news reports, World Bank President David Malpass was recently quoted as saying some Multilateral Development Banks, including the African Development Bank, have a tendency to lend too quickly and in the process, add to the continent’s debt problems. According to AfDB, the statement made Mr. Malpass is inaccurate and not fact-based. “It impugns…
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Deliberate efforts needed to boost women’s participation in energy sector – Tullow Ghana MD
Managing Director of Tullow Ghana Limited and Executive Vice President of Tullow Oil Plc, Kweku Awotwi, has called on firms within the oil and gas sector to deliberately design gender policies to boost women’s participation and presence within the industry. According to him, young women ought to be encouraged to take up courses in the…
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Gov’t partners EU to implement €7.2 million to tackle poverty among rural farmers
Government has expressed confidence that a €7.2 million fund earmarked for poverty alleviation in some rural communities will improve the lives of the beneficiaries by 2024. The amount, provided under the supervision of the European Union is aimed at giving financial assistance to a number of Ghanaian farmers in rural communities. Speaking at a forum…