Category: Business
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Gas sub-sector becoming a fiscal burden to the country – IES study
The Institute for Energy Security’s (IES’) study of the petroleum industry reveals that the natural gas sub-sector is rapidly becoming a fiscal burden to the country due poor energy strategies, and delays in building the necessary and relevant infrastructure to off-take the processed domestic gas. Government’s poor handling of the gas sub-sector is greatly contributing…
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![WAPCo’s role as a reliable partner in cleaner energy supply enhanced [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2021/02/gas.jpeg)
WAPCo’s role as a reliable partner in cleaner energy supply enhanced [ARTICLE]
The West African Gas Pipeline Company Limited (WAPCo), owner and operator of the West African Gas Pipeline (WAGP), is pleased to highlight three major achievements attained in 2020 that has resulted in improved reliability of the gas supply through the pipeline and brought great benefits to customers especially in Ghana. These events have placed WAPCo…
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Don’t charge new rates until 3rd quarter – Shipping lines urged
The Concerned Freight Forwarders and Traders Association of Ghana has added its voice to calls on shipping lines to suspend the scheduled increase in shipping rates from March 1, 2021. Last week some stakeholders at the Tema Port raised concerns over an impending increase in Shipping Line and handling charges; insisting the charges are not…
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SEC warns public against investing in Wiseling Online Investment Company
The Securities and Exchange Commission (SEC) has cautioned the public against investing in Finland-based company operating in Ghana, Wiseling Online Investment Company. SEC says it has not licensed the company to carry out any Capital Market activity including investing or trading for returns as mandated by Section 3 of the Securities Industry Act, 2016 (Act…
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Ghanaian owned Montgomery Residences and Silicon Accra win at International Property Awards
Two major projects by Twelve Springs Investment Group have won awards at this year’s International Property Awards 2020-2021. Montgomery Residences was adjudged the Best Residential Development in Africa for 2020-2021, while Silicon Accra was adjudged the Best Office Development in Africa for 2020-2021at the virtual ceremony held earlier this month. Twelve Springs Investment Group, owners…
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Ghana National Fishermen Council backs Hawa Koomson for Fisheries Minister job
The Ghana National Fishermen Council (GNFC), has backed the nomination of Minister-designate for Fisheries and Aquaculture Development, Hon. Mavis Hawa Koomson following the media uproar that greeted her recent vetting in Parliament. The Association says the uproar that greeted the nominee’s vetting on both traditional and social media was unnecessary and a distraction from pertinent…
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Sipping wine in a pandemic
As the world continues to suffer the effects of an unexpected pandemic, businesses continue to push through to remain relevant. South Africa’s wine industry is one of the many that has taken a hit in this era, having to experience a ban on exportation of wine, hence causing it a huge financial loss, not to…
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Farmers count their losses due to shortage of feed
Despite being a high consumer of chicken, Ghana’s inability to produce enough to meet local demand has reduced its poultry sector to one that relies on imports to service 90% of its demand. When the Ministry of Food and Agriculture banned the importation of poultry products from the Netherlands, Germany, Russia, Denmark and the United…
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Stress-test your systems against possible cyber-attacks – BoG to banks
Governor of the Bank of Ghana, Dr. Ernest Addison has charged banks in the country to continuously stress-test their institutions under different scenarios to ensure they are ready when unforeseen risks occur. Unlike other sectors that suffered considerable losses, the financial sector has remained relatively stable in the face of the pandemic. While touting the…
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First National Bank Ghana declares 2021 as the year of home ownership
First National Bank Ghana has declared 2021 as the ‘Year of Home Ownership’ (YOHO2021) to help make home ownership a reality for many Ghanaians. Announcing the initiative in Accra, the bank described this as a catalyst in driving greater interest in property ownership using home loans (mortgages). The bank also noted that, it will be…