Category: Business
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Kawa Moka strives to transform Ghana’s coffee industry
The global chocolate industry is worth $100 billion. Multi-national companies such as Mars, Mondelez International, and Nestle rake in billions of dollars of revenue each year. Ghana, one of the leading producers of cocoa globally, makes a mere $2 billion from the industry. Last year, the Minister of Agriculture, Dr. Owusu Afriyie Akoto, informed the…
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AfCFTA: Address challenges of local businesses – GNCCI to government
The Ghana National Chamber of Commerce and Industry (GNCCI) has asked for the challenges being faced by local businesses to be addressed in order to gain from the African Continental Free Trade Area (AfCFTA). Since the commencement of the agreement on January 1, 2021, businesses in Ghana, both big and small, have been charged to…
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Sensitize employees, customers on COVID-19 safety protocols – AGI urges SMEs
The Association of Ghana Industries (AGI) has charged Small and Medium Scale Enterprises (SMEs) across the country to ramp up sensitization amongst their workers and customers about the COVID-19 safety protocols. This the AGI believes will add to efforts by government to curb the spread of the virus in Ghana and ultimately sustain demand for…
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PIAC elects Professor Kwame Adom-Frimpong as its new chairman
The Public Interest and Accountability Committee (PIAC), the statutory body with oversight responsibility of the management and use of the country’s petroleum revenues, has elected Professor Kwame Adom-Frimpong as its new chairman. A statement issued by PIAC stated that, “Professor Adom-Frimpong, who represents the Institute of Chartered Accountants, Ghana (ICAG) on the Committee, was elected…
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AfCFTA to set up trade finance facility for SMEs in Africa
Since the commencement of the African Continental Free Trade Area (AfCFTA) in January 2021, the Secretariat keeps intensifying its efforts in making sure that no one is left out of the continent-wide pact. It is for this reason that several mechanisms for supporting trade under the AfCFTA will soon be introduced. One of such is…
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GNCCI calls for stimulus packages for local businesses involved in AfCFTA
President of the Ghana National Chamber of Commerce and Industry (GNCCI), Clement Osei-Amoako, says government should consider providing a stimulus package for local businesses involved in the African Continental Free Trade Area (AfCFTA). According to him, the commencement of the AfCFTA means Ghanaian businesses will now have to compete with businesses from other African countries…
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![FBNBank increasing access to affordable financial inclusion with agent banking [Article]](https://citibusinessnews.com/wp-content/uploads/2021/01/fbnbank-agent.jpg)
FBNBank increasing access to affordable financial inclusion with agent banking [Article]
Financial institutions in Africa seek to create innovative value propositions and customer-friendly products and services, not only to generate client enrolments but also to bring populations into the financial mainstream for greater socio-economic good. Financial Inclusion remains a challenge in Sub Saharan Africa. Building payment and banking networks using the traditional brick-and-mortar approach is a…
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Companies must help curb spread of COVID-19 amongst employees – Bureau of Public Safety
As the number of COVID-19 cases continues to surge in the country, the Bureau of Public Safety is calling on the business owners to put in place measures to help control the spread of the virus in their workplaces. Speaking to Citi Business News, Executive Director of the Bureau of Public Safety, Nana Yaw Akwada,…
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![Retailers of school uniforms cash in on mad rush for uniforms [Video]](https://citibusinessnews.com/wp-content/uploads/2021/01/d031762173cc50f51bb212cee9b1d759.jpg)
Retailers of school uniforms cash in on mad rush for uniforms [Video]
The reopening of schools for students from Kindergarten to Junior High School across the country from January has brought excitement to some categories of businesses. These include those that retail and sew materials used as school uniforms. A visit to the Makola market in the Central Business District revealed a scene of brisk business for…
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![Stationery retailers enjoying gradual sales boom following schools reopening [Video]](https://citibusinessnews.com/wp-content/uploads/2021/01/stationery.jpg)
Stationery retailers enjoying gradual sales boom following schools reopening [Video]
After experiencing lacklustre sales for close to a year, businesses in the stationery value chain have begun witnessing a slow rise in patronage following the ongoing reopening of schools across the country. The businesses however insist it will take time before they are able to record pre-COVID level of sales. Citi Businesses News hit the…