Author: Ellen Dapaah
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![Strategies to overcome capital-raising challenges for small businesses and startups [Article]](https://citibusinessnews.com/wp-content/uploads/2021/02/kofi-ayisi-e1612262795166.jpg)
Strategies to overcome capital-raising challenges for small businesses and startups [Article]
Efforts should be directed to improve financing startup and small business to sustain their development. Startup businesses are a driving force in the economic development of any country, in terms of job creation, innovation and export potential. In developing countries, especially, small businesses have contributed to boosting the development of the economy and growth process…
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IES fears return of ‘dumsor’ if government refuses to take over Ameri plant
The Institute of Energy Security (IES) has predicted a complete shutdown in power supply in Ghana following the lack of preparedness by the government to take over the Ameri Power deal. The Ameri deal was signed by the government in 2015 at a total cost $510 million to provide 230 megawatts of power for five…
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Gold Fields appoints Chris Griffith as CEO designate
The Board of Gold Fields announced the appointment of Chris Griffith as the Chief Executive Officer designate and Executive Director of the Company. Mr Griffith will succeed Nick Holland on 1 April 2021. Mr Holland, who was due to retire on September 20, 2021, after 13 years as CEO of the Company, has agreed to…
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Make use of more renewable energy sources – IES urges government
The Institute of Energy Security (IES) has intensified its advocacy for the government to make renewable energy a critical component of Ghana’s power mix. Ghana has so far failed to meet its initial target of universal electricity access by 2020 and also failed to meet its 10 percent deployment of renewable energy by 2020 target.…
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AfCFTA: Address challenges of local businesses – GNCCI to government
The Ghana National Chamber of Commerce and Industry (GNCCI) has asked for the challenges being faced by local businesses to be addressed in order to gain from the African Continental Free Trade Area (AfCFTA). Since the commencement of the agreement on January 1, 2021, businesses in Ghana, both big and small, have been charged to…
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Ban on rosewood still in full force – Lands Ministry insists
The Ministry of Lands and Natural Resources has once again, stressed on the enforcement of the ban on rosewood felling and exportation in Ghana. “The ban on the harvesting, transporting and export of Rosewood still remains in full force and any person or group of persons who flout this ban will be arrested and prosecuted…
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Freight forwarders elated as GSA halts increased port charges
The Ghana Institute of Freight Forwarders has welcomed a decision by the Ghana Standards Authority to halt the increment of fees and charges at the various ports. In December 2020, the Standards Authority announced that the charge of clearing goods at the ports will increase by 20% beginning January 2021. This formed part of the…
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AfCFTA to set up trade finance facility for SMEs in Africa
Since the commencement of the African Continental Free Trade Area (AfCFTA) in January 2021, the Secretariat keeps intensifying its efforts in making sure that no one is left out of the continent-wide pact. It is for this reason that several mechanisms for supporting trade under the AfCFTA will soon be introduced. One of such is…
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FDA warns against importation of unregistered products
The Food and Drugs Authority (FDA) has cautioned importers against the act of bringing into the country, unregistered products. This warning follows the alarming rate at which products continue to arrive in the country without meeting the proper requirements. “The Food and Drugs Authority has noted with grave concern the rate at which some importers…
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Devise measures to stop fuel price increment – COPEC to government
The Chamber of Petroleum Consumers (COPEC) has asked the government to introduce measures to stop the increase in fuel prices. According to the Chamber, fuel prices have shot up from GH¢4.67 to GH¢5.10 per litre within the spate of a month. The Chamber said although these increases cannot be directly attributed to a deliberate governmental…