Author: Minna Dablu
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Our buyers have reduced patronage due to COVID-19 – Ghana Commodity Exchange
The Ghana Commodity Exchange says due to the coronavirus pandemic, its buyers within the off-taking chain have reduced. The Exchange is a private-public partnership initiative that provides a regulated market linking buyers and sellers of commodities to trade. Already, the Exchange says the amount of produce it receives for the five listed items from mostly…
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Stanbic Bank Ghana launches new digital banking product ‘Safe and On Top’
Stanbic Ghana has launched its new product, ‘Safe and On Top’, a digital campaign aimed at enhancing customers’ experience by simplifying banking processes. As part of the new system, customers can now use the bank’s 120 ATMs not only to withdraw cash up to 10,000 cedis, but also deposit money into any Stanbic Account and…
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Pubs and Night Clubs hit by COVID-19 restrictions lament losses
In the discussions so far about various sectors of the Ghanaian economy that have been affected by the COVID-19 pandemic, one area that has barely featured is the entertainment sector. Beyond the excitement and relaxation the entertainment sector offers, there’s the business side of it, as it employs many people as a sustainable livelihood. This…
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COVID-19: Ghana Commodity Exchange laments 45% drop in produce from farmers
The Ghana Commodity Exchange, a private-public partnership initiative that provides a regulated market linking buyers and sellers of commodities to trade, says it has seen a 45% drop in farm produce channeled through its platform. The CEO of the Exchange, Dr. Kadri Alfah, who disclosed this to Citi Business News, blames the drop largely on…
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Travel & Tour operators lament massive losses over air travel restrictions
As one of the sectors most affected by the COVID-19 pandemic, aviation, is yet to pick up, some operators in Ghana’s Travel and Tour industry have been speaking to Citi Business News about the impact on their operations. This industry, which is a link between travelers and airlines, has literally come to a standstill, as…
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Dealers in books & stationery lament low patronage as most schools remain closed
The continuous closure of schools in Ghana except for final years students who have been recalled mainly to prepare for their exams, is taking a toll on businesses that are linked to the existence of educational institutions. Aside from food vendors and others affected by this continuous closure, one group that has been hit is…
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Workers kick against GACL’s partnership with Turkish firm to manage Kotoka Int’l Airport
Following the Ministry of Aviation’s clarification that the management of the Kotoka International Airport has not been ceded to a foreign company, the Public Services Workers’ Union at the Ghana Airports Company Limited, has demonstrated against the supposed engagement of a Turkish firm, TAV-Summa Consortium, as a strategic partner for the management of the Ghana…
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Beauty industry hit hard as COVID-19 leads to low patronage
The COVID-19 pandemic has grounded many businesses globally and forced others to run at half capacity, with millions of people rendered jobless. The devastation to economic activities is without boundaries as almost every sector of the economy has taken a hit. A look at the impact of COVID-19 restrictions on beauticians and make-up artists by…
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Ghanaian Exporters must take advantage of China’s market – Amb. Edward Boateng
Ghana’s Ambassador to China, Edward Boateng, has stated that various opportunities are available in China for Ghanaian Exporters to take advantage of in Asia’s largest Market. Ghanaian businesses like others elsewhere, have been negatively affected by the COVID-19 pandemic. China in particular, which is a major destination from where Ghana imports a lot of its…
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21 Foreign-owned shops reopened at Tip-Toe Lane after verification of documents
Some Nigerian retailers who had their shops locked up by the Ghana Union of Traders, GUTA, have had them reopened after they provided legitimate documents allowing them to do business in the country. The shops were locked up nearly six months ago at Tip Toe Lane at the Kwame Nkrumah Circle and Opera Square in…