Category: Business
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UK’s acceptance of Ghana’s vaccine certificates will boost Ghana-UK trade – Analyst
Aviation analyst, Sean Mendis, has described the recent decision by the UK government to recognize vaccine certificates issued in Ghana for people fully vaccinated with AstraZeneca, Pfizer, Moderna and Johnson and Johnson, as a positive development for UK-Ghana trade. The British High Commission in Accra on Thursday, October 7, tweeted the news, saying it was…
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Bullion van attacks: Rural Banks also implementing safe systems for carting money
The ARB Apex Bank Limited, which serves as a “mini” central bank for Rural & Community Banks (RCBs) says its members are taking the necessary steps to ensure that the movement of money to and from rural and community banks is done safely. Following the bullion van attack at Adedenkpo-Jamestown in June this year, the…
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Access Bank awards finalists of Perfect Start promo
Access Bank (Ghana) Plc has presented cash prizes and other consolation prizes, to top seven finalists of its Perfect Start Promo. The first four contestants got their share of the coveted GH¢100.000 cash prize. The Perfect Start Promo was the first-ever digital promo of the Bank, targeted at children. It was aimed at protecting the…
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Increase petroleum imports from Ghana – NPA boss to sole Burkinabe importer
In a bid to improve petroleum products trade between Ghana and Burkina Faso, the National Petroleum Authority (NPA) is reviewing the export and transit arrangements with Societe Nationale Burkinabe d’Hydrocarbures (SONABHY). SONABHY is the only institution mandated by law to import and distribute petroleum products in Burkina Faso. The review is to among other things…
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Ghanaians demand improved service delivery from businesses
The stories of bad experiences when purchasing an item from a vendor, be it in person or through social media, are often one too many. Some businesses fail to ensure patrons of their products or services get value for money with the services they offer. As the world celebrates customer service week, Citi Business News…
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SEC explains modalities in paying locked-up funds to customers
Mrs Deborah Mawusi Agyemfra, Deputy Director-General in charge of Legals at the Securities and Exchange Commission (SEC), has explained that institutions, whose funds were locked up in the financial sector clean-up exercise would receive 50 percent of their validated claims in tier one. The institutions include financial institutions (FI), associations, welfare institutions, credit unions and…
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Poor fiscal consolidation contributing to high interest rates – Dr. Addison
Governor of the Bank of Ghana, Dr. Ernest Addison has highlighted the country’s poor fiscal position as one of the reasons for the high lending rates in Ghana. According to him, among other things, the disparity in the country’s revenue and expenditure forces government to borrow from banks, leading to a crowding out of the…
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Government urged to use licensing to disincentivize galamsey
Stakeholders in the small-scale mining industry have proposed reforms in the existing licensing regime to help reduce the incentive for people to mine illegally. The Multi-Stakeholder Dialogue agreed the permitting process is cumbersome and time-consuming, and discourages artisanal and small-scale miners (ASM) from acquiring licenses required for them to operate. “The delay in the issuance…
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Don’t link me with recent missing fuel scandal at TOR – Edward Boateng warns
The office of a former Ghanaian Ambassador to China, Ambassador Edward Boateng is livid over some reports linking him with the missing 105,927 litres of petrol at the Tema Oil Refinery (TOR). Although Mr. Boateng was appointed as the new Managing Director of TOR in August 2021, a statement from his office said he is…
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German government partners European companies to create jobs in Ghana
A delegation of German Industry and Commerce in Ghana (AHK), in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), is working with partner German businesses to, among other things, create jobs in Ghana. This is aimed at improving export opportunities, removing investment barriers, ensuring a skilled workforce as well as fostering sustainable investment. The two…