Author: Michael Ogbodu
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COVID-19: Event vendors lament impact of new restrictions on their businesses
Following President Akufo-Addo’s ban on all large social gatherings, the Event Vendors Association of Ghana has bemoaned the massive effect on their business. The group is particularly concerned about its members and clients who have already invested heavily in events scheduled for the next couple of days. The announcement by the president during his 23rd…
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Introduce quota system to boost sale of local poultry products – Poultry farmers to government
The Greater Accra Poultry Farmers Association is calling on the government to introduce a quota system that would mandate retailers of poultry products to sell local produce. The association believes this would help grow the local poultry industry and make them progressively competitive. As of 2019, Ghana is reported to have spent over 300 million…
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Akufo-Addo’s new government must focus on paying local contractors – Construction Chamber
The Ghana Chamber of Construction Industry says it expects President Akufo-Addo’s government to prioritise paying local contractors for executed projects. Emmanuel Cherry is the Chief Executive Officer of the construction chamber and according to him addressing this challenge will significantly help in building the struggling local construction industry. “As we speak now there is a…
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Global oil prices to hit 60 dollars a barrel, 1st quarter 2021 – Analyst
Energy Consultant, Dr Yussif Sulemana is predicting that oil prices on the global market are likely to hit 60 dollars per barrel in the first quarter of 2021. Currently, Brent crude oil is selling for about 55.78 dollars per barrel increasing by a little over 4 dollars since the start of the year. Dr Sulemana…
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Follow COVID-19 protocols or we risk another lockdown- GUTA to traders
The Ghana Union of Traders Association (GUTA) is admonishing its members to ensure strict compliance with the COVID-19 protocols as they conduct their businesses. According to the association, the call has become necessary due to another spike in the number of cases recorded in Ghana. In an interview with Citi Business News, President of the…
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Construction Chamber welcomes Akufo-Addo’s new ministerial appointments
The Ghana Chamber of Construction Industry has lauded President Akufo-Addo for his ministerial appointments. The chamber is particularly pleased with the proposed names for sectors related to the construction industry. They are; Kwasi Amoako-Atta: – Roads & Highways Francis Asenso Boakye: – Works & Housing Dr Matthew Opoku Prempeh: Energy Ken Ofori-Atta: – Finance Yaw…
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ASEPA kicks against re-nomination of Ofori-Atta as Finance Minister
The Alliance for Social Equity and Public Accountability (ASEPA) is kicking against the re-nomination of Ken Ofori-Atta as Finance Minister. In a 37 paged petition to the Appointments Committee of Parliament, the group indicated that based on Mr Ofori-Atta’s role in the collapse of a number of financial institutions, among others, it believes he is…
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AfCFTA: Economist calls for improved ease of doing business to boost trade in Ghana
Three weeks into the operationalization of the African Continental Free Trade Area (AfCFTA) agreement, Economist Dr Adu Owusu Sarkodie has indicated that for Ghana to be able to take full advantage of the Agreement, ease of doing business in the country has to be significantly improved. Economist Dr Adu Sarkordie believes that easing business processes…
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Expected maize imports will help mitigate shortage in Ghana – Poultry Farmers Association
The Greater Accra Poultry Farmers Association is hopeful measures put in place by the government to mitigate the impact of a likely shortage of maize locally, will yield results. There have been hints of a likely shortage of maize in some parts of the Northern Regions. Speaking to Citi Business News, President of the Greater…
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AfCFTA: Construction Chamber advocates for reduction of lending rate
The Ghana Chamber of Construction Industry has joined calls for a relook at the lending rate in the country especially with the commencement of the African Continental Free Trade Area (AfCFTA) Agreement. The Construction Chamber argues that the rate puts its members at a disadvantage amongst other African countries with access to cheaper credit. In…