Category: Business
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Springfield confident final court ruling will see to effective development of oil field
One of the key actors in the ongoing ENI-Springfield unitization saga, Springfield Exploration and Production Limited, says it is confident the final court ruling in the case involving the two parties will lead to the development of the Sankofa and Afina fields in a manner consistent with world-class practices. This comes after the recent ruling…
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Minister pitches Ghana’s housing deficit to investors at international symposium
A Minister of State in-charge of Works and Housing, Freda Prempeh, has joined Ministers of States from Africa, attending the Annual General Meeting (AGM) and Symposium of the Shelter Afrique, underway in Yaoundé, capital of Cameroon. Established 40 years ago, Shelter Afrique is a company advocating the need for African governments to pull resources to…
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Toyota Tsusho’s vehicle assembly plant commissioned in Ghana
Toyota Tsusho Corporation (“Toyota Tsusho”) announced that TOYOTA TSUSHO MANUFACTURING GHANA CO. LIMITED (“TTMG”) became the first Japanese company to start vehicle assembly in the Republic of Ghana by beginning assembly of Toyota Motor Corporation’s (“Toyota”) Hilux pickup truck. The commencement of operation at TTMG was marked by an onsite ceremony, during which it was…
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Official Liquidator to have investor class meeting with customers of defunct FMC’s
The Official Liquidator for the defunct Fund Management Companies (FMC’s) will on Friday, July 2 have an investor class meeting with customers of some defunct FMC’s. A statement issued by the Registrar-General, Jemima Oware, stated that “all the creditors of the under-listed companies are being invited to a Virtual First Creditors meeting on the scheduled…
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Government to disburse GH¢55 million grant to tourism practitioners
Dr Ibrahim Mohammed Awal, the Minister of Tourism, Arts and Culture, has said government will from next week begin disbursing GH¢55 million grants to players in the tourism industry to support their businesses. He said the sector lost about 75% of its resources and about eight million Ghana cedis due to the COVID-19 pandemic, last…
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![Local businesses urged to invest in quality packaging to benefit from AfCFTA [Video]](https://citibusinessnews.com/wp-content/uploads/2021/06/20210624_120635-scaled.jpg)
Local businesses urged to invest in quality packaging to benefit from AfCFTA [Video]
Businesses producing Made-in-Ghana products are being encouraged to prioritize quality packaging to facilitate the growth of their businesses as well as their survival in an era of the African Continental Free Trade Area (AfCFTA) programme. This comes in the wake of the seeming improvement in the standards of packaging on the local market. As the…
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Onion trucks banned from Agbogbloshie market ahead of traders’ relocation
The government has insisted that all trucks that intend to cart onions to the Agbogbloshie market in Accra will be stopped at Amasaman in the Ga West Municipality. This measure is in place ahead of plans to relocate all the onion traders from the Agbogbloshie market to Adjen Kotoku by Thursday in a bid to…
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#CitiBusinessFestival: Virtual forum on ‘promoting made-in-Ghana products’ comes off today
The fifth and final edition of the 2021 Citi Business Festival’s virtual forum comes off today [Tuesday], June 29, 2021, with a discussion on ‘promoting Made-in-Ghana products.’ The theme for the forum is ‘promoting made-in-Ghana products to spur inclusive economic growth’, and it is scheduled for 11:00 am to 1:00 pm on Citi TV. Made-in-Ghana…
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MainOne expands West African Digital footprint with Launch of MDXi Data Center, Appolonia City Accra
The leading provider of wholesale and enterprise connectivity solutions and superior colocation services expanded its digital footprint with the formal launch of its subsidiary, MDXi Data Center in Appolonia City, Accra, Ghana. The event which took place at the premises of the Data Center facility on the morning of Thursday, June 24, 2021, saw MainOne…
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Injaro exits M&B, Ghana’s leading maize seed producer
Injaro Agricultural Capital Holdings Limited (IACHL), the impact investment fund managed by Injaro Investments, has announced the sale of its 30% stake in seed producer M&B Seeds and Agricultural Services Ghana Limited (M&B), to the founder and other shareholders. This share sale represents a full exit from M&B after a holding period of ten (10)…