Category: Business
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2021 Citi Business Festival scheduled to commence in June
The 2021 edition of the Citi Business Festival is set to kick off in June. The Citi Business Festival is a month-long initiative marked with on-air and outdoor events held annually in the month of June to equip the Ghanaian business community with strategies needed to grow and scale up their ventures. Due to the…
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Financial services, product personalization crucial for building trust and inclusion – Victor Asante
Financial inclusion across developing countries, especially those in Sub-Saharan Africa including Ghana remain low even though much progress has been made in the last decade. According to the Global Financial Inclusion Data of the World Bank, the proportion of adult population in Ghana with financial account increased from 41 percent in 2014 to 58 percent…
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Invest in effective systems to detect fake currencies – E-crime Bureau to businesses
Cyber Security firm, E-crime Bureau has charged the over 200,000 mobile money agents across the country and businesses to invest in tools and systems such as money counting machines to detect fake currencies being introduced into the system by unscrupulous characters. Earlier this month National Security busted a 13-member gang involved in the printing and…
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Ghana risks brain drain if TOR remains nonoperational – Energy Consultant
Energy Consultant, Dr. Yussif Sulemana, has raised concerns about the continuous redundancy of the Tema Oil Refinery (TOR), suggesting that it may lead to human capital challenges soon. According to him, the current situation at TOR has compelled many skilled workers from the refinery to leave the country in search of greener pastures. “In fact,…
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We don’t foresee further rise in fuel prices soon – AOMCs
Board Chairman of the Association of Oil Marketing Companies, Henry Akwaboah has said that members of his association are unlikely to increase fuel prices as being anticipated. “Even though prices on the world oil markets have gone up slightly, I do not foresee oil marketing companies increasing their prices during this window. At least I…
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IES MarketScan: A year on, why hasn’t ENI and Springfield unitized as directed
In April 2020, the then Energy Minister John Peter Amewu wrote to the subsidiary of the Italian oil major Eni Ghana Exploration and Production Limited (ENI), and Springfield Exploration and Production Limited (Springfield) a subsidiary of Springfield Group, directing them to execute a Unitization and Unit Operating Agreement (UUOA). The purpose of executing the UUOA…
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Air traffic in Ghana is beginning to pick up – Yofi Grant
Air traffic in the post COVID-19 era in Ghana has started picking up gradually. That’s according to the Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre, Yofi Grant. The volume of air traffic and its attendant effects on foreign direct investments and international commercial activity is expected to boost the Ghanaian economy. This…
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EBID grants 50-million-dollar facility to CBG to finance road projects
The ECOWAS Bank for Investment and Development (EBID), has granted a 50 million USD facility to the Consolidated Bank Ghana Limited (CBG) to support Ghana’s road infrastructure development. The President and Chairman of the Board of Directors of EBID, Dr. George Agyekum Donkor, and the Managing Director of CBG, Mr. Daniel Wilson Addo, signed the…
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ECG’s 8-day ‘dumsor’ schedule ends today – Energy Minister
The Minister for Energy, Dr. Matthew Opoku Prempeh, is confident the load shedding exercise in communities that receive electricity from the Pokuase Bulk Supply Point will end today as scheduled. Last week, the Electricity Company of Ghana rolled out an eight-day power outage schedule for some parts of the national capital to enable it undertake…
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Consider lifting ban on construction of new LPG stations – LPG Marketers
The Liquefied Petroleum Gas (LPG) Marketing Companies Association says it may lose GH¢60million worth of investment made into building some 100 LPG retail outlets which remain incomplete. The government, after the Atomic Gas explosion in 2017, placed a ban on new LPG retail points to allow for proper assessment of all LPG outlets nationwide. Although…