Author: Minna Dablu
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Disburse stimulus package quickly – Ghana Tourism Federation urges gov’t
The Ghana Tourism Federation, GHATOF, has asked government to fast-track the disbursement of the stimulus package set aside to support Small and Medium Scale Enterprises affected by the COVID-19 pandemic particularly in the hospitality sector. Aside from the aviation sector, the tourism and hospitality industry globally, is the most affected by the COVID-19 pandemic, and…
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TC’s Energy USA, Power China Ltd. sign pact to revive Ada Foah Wave Energy Project
American Energy Giant, TC’s Energy USA and its partners, Power China Huadong Engineering Corporation Ltd and Seabased of Sweden, have signed a major agreement to finance and revive the Ada Foah Energy Project, which has stalled for years. TC’s Energy Ghana, a Ghanaian owned company is the local counterpart to the project which seeks to…
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GUTA suspends closure of foreign-owned retail shops after confusion at Tiptoe Lane
Tensions between Ghanaian and foreign retailers appear not be dying down anytime soon. A protest by the Ghanaian traders at Tiptoe Lane at the Kwame Nkrumah Circle on Friday, July 24, nearly led to a scuffle but for the intervention of police personnel and the President of Ghana Union of Traders’ Association, GUTA. The traders,…
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Over GHS57m of CAP Fund disbursed to 64,000 MSMEs – NBSSI
The National Board for Small Scale Industries (NBSSI), says it has so far disbursed over 57 million Ghana Cedis out of government’s GHS600 million Ghana Cedis Coronavirus Alleviation Program Business Support Scheme, set aside to support MSMEs affected by the COVID-19 pandemic. In all, over 64,000 businesses captured under the Adom Micro Soft Loans for…
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Gov’t to launch GHS100bn Coronavirus Alleviation Revitalization Programme
In a bid to pursue an aggressive process of rebuilding the Ghanaian economy due to the devastating impact of the COVID-19 pandemic, government has announced the setting up of a 100 billion Ghana cedi development programme known as the ‘Ghana Coronavirus Alleviation Revitalization of enterprises Support Program’. The Finance Minister, Ken Ofori-Atta, made this known…
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Mid-year Budget Review: Expand tax net to boost revenue – GUTA to Gov’t
The President of the Ghana Union of Traders, GUTA, Dr. Joseph Obeng, wants Government to use the Mid-year budget review as an opportunity to widen the country’s tax net to capture many more businesses to boost revenue generation. The emergence of the Coronavirus Covid-19 disease, has disrupted trading globally, and Ghana is no exception. From…
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Over 90% percent of foreign retailers have no permit to trade – GUTA
The Ghana Union of Traders Association, GUTA, says it will keep pushing to ensure that foreigners without the requisite documents to trade, are forced out of Ghana’s retail space. According to GUTA, majority of the over 600 shops they had locked up, have been forcibly reopened by the foreign retailers particularly Nigerians, against the orders…
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Automobile sales to pick up towards end of 2020 – Silver Star Auto Head
Executive Director of luxury automobile distributors, Silver Star Auto Limited, Nouhad Kalmoni, is hopeful Ghana’s automobile industry will bounce back after sales generally plummeted due to the COVID-19 pandemic. The pandemic has had an impact on the globally integrated automotive industry with a disruption in export of Chinese parts, large scale manufacturing interruptions across Europe,…
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Silver Star Auto Ltd. launches new dealership for Citroën brand of vehicles
Leading automobile dealer, Silver Star Auto, has launched its new dealership in Accra for Citroën brand of vehicles. Speaking to citibusinessnews.com, the Executive Director of the company, Nouhad Kalmoni, said the new facility will showcase top of the range vehicles such as the new Citroën Cactus SUV, Aircross SUV, Citroën Jumper and Citroën Berlingo Van,…
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Ghana Commodity Exchange to add local rice to listed items
The Ghana Commodity Exchange, which serves as a link between agricultural and commodity producers and buyers, will soon add locally produced rice to its listed items. This comes after the approval of the Securities and Exchange Commission (SEC). This will bring to five the number of items the Exchange trades in including maize, sorghum, soy…