Author: Michael Ogbodu
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Businesses lament decline in demand for eggs over price hike
The price of eggs on the local market increased significantly early this year and this impacted demand. During the yuletide, poultry farmers raised concerns about the limited supply of maize. This later resulted in a price hike of poultry products including eggs. The challenge amid the closure of the country’s borders, compelled government to issue…
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We’ll work with Hawa Koomson despite earlier objections – Tuna Association
Despite earlier opposition to the nomination of Hawa Koomson as Minister for Fisheries and Aqua Culture, the Ghana Tuna Association says it respects Parliament’s decision to approve her. The Association had earlier raised concerns about the competence of the President’s nominee. In an interview with Citi Business News, Secretary of the Ghana Tuna Association, Richster…
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GUTA calls for establishment of a traders’ bank
The Ghana Union of Traders Associations, GUTA, says it’s major expectation from the Trade Minister, Alan Kyerematen is the establishment of a trader’s bank. According to the association, although talks had begun towards the plan in previous years, the COVID-19 pandemic halted its progress. Speaking to Citi Business News, President of GUTA, Dr Joseph Obeng,…
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Okonjo-Iweala’s WTO appointment a win for AfCFTA – GUTA
The Ghana Union of Traders Associations, GUTA, says the appointment of Ngozi Okonjo-Iweala as the new chief of the World Trade Organisation is a big win for the African Continental Free Trade Area (AcCFTA) Agreement. The former Finance and Foreign Minister of Nigeria was confirmed for the top job in February this year. President of…
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We’ll address multiple levy payment challenges -Tourism Authority
As part of efforts towards improving the operations of businesses within the tourism industry, the Ghana Tourism Authority says plans are underway to address the issue of multiple payments of levies. Some stakeholders have described the situation as a nuisance and are calling on the authority to streamline payment processes. The Ghana Tourism Authority says…
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Prioritise our members in COVID-19 vaccination – Hotels Association
The Ghana Hotels Association is appealing to the government to consider its members as a priority when the distribution of the COVID-19 vaccines commences. The association believes that persons within the hospitality business chain should be prioritized for the vaccine. President of the Association, Dr. Edward Ackah-Nyamike in an interview said: “We believe that accommodation…
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Fuel price hikes: COPEC demands review of price stabilisation levy
The Chamber of Petroleum consumers (COPEC) is calling for a review of the Price Stabilisation Levy to minimise the impact of the surge in fuel prices on consumers. Oil prices have seen a significant increase over the last few weeks with some oil marketing companies currently selling a litre of petrol for GHS5.35. According to…
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Ghana’s energy sector debt reduced to $1.5 billion – Amewu
Former Energy Minister, John Peter Amewu has revealed that the government has reduced the country’s energy sector debt by about 45%. He added that all monies government owed the Electricity Company of Ghana ECG has also been paid. “The energy sector debt stands at about $1.5 billion from a figure of about $2.7 billion. l…
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GUTA laments Benin’s withdrawal from ECOWAS Trade Liberalization Scheme
The Ghana Union of Traders Association, GUTA, is calling on government to engage in talks with Benin over the latter’s decision to withdraw from the ECOWAS Trade Liberalization Scheme. According to GUTA, the situation stands a chance of hampering the business of its members trading with the country. In an interview with Citi Business News,…
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Ghanaians make up 98% of employees in mining sector – Mining Chamber
The Ghana Chamber of Mines says it is committed to creating local employment in the mining sector across the country. Presently over 98% of employees in the industry, according to the Chamber, are Ghanaians. Speaking to Citi Business News, CEO of the Chamber, Dr Sulemanu Koney, said his outfit will continue to explore other avenues…