Category: Business
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AfCFTA: GUTA calls for access to cheaper credit to be competitive
The Ghana Union of Traders Association (GUTA) says it will require access to cheaper credit to be able to take full advantage of the African Continental Free Trade Area (AfCFTA) agreement. According to the Ghana Union of Traders Association, the commencement of the AfCFTA means it would now have to compete with businesses from other…
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Don’t exclude security agencies from unification of pension benefits – TUC to government
The Trades Union Congress (TUC) has called on government to reconsider its decision to exclude security service agencies in the country from the unification of pensions. This comes after President Akufo-Addo, in his State of the Nation Address to end his first term in office, announced government’s decision to exclude all security agencies from the…
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Don’t invest in Chy Century Heng Yue, Sairui E-Commerce – SEC cautions
The Securities and Exchange Commission, SEC, the statutory body mandated to promote the orderly growth and development of the securities market in Ghana is cautioning the general public against dealing with Chy Century Heng Yue Group Limited and Sairui E-commerce Ghana Limited. A statement from the SEC noted that Chy Century Heng Yue Group Limited…
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BoG Governor demands measures to help businesses succeed in AfCFTA era
Governor of the Bank of Ghana Dr. Ernest Addison says the commencement of operations of the Africa Continental Free Trade Area (AfCFTA) requires the building of a competitive Ghanaian economy. According to the Governor, the effects of a strong Ghanaian economy will ensure that local businesses win against their rivals from other African countries. Responding…
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Forestry Commission to probe Director’s alleged involvement in illegal timber consignment
The Forestry Commission has set up a three-member committee to probe the alleged involvement of the Executive Director of the Forest Services Division of the Commission, Oppong Sasu, in a consignment of illegal timber. This comes after the Okyehene Mining Protection Unit impounded a truckload of illegal timber worth GHS400,000 at Akyem Nsutam in the…
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AfCFTA: Spare parts dealers seek help to locally produce car parts
In order to fully participate in the Africa Continental Free Trade Area (AfCFTA) agreement, the Abossey-Okai Spare Parts Dealers Association has asked the government to help them begin production of made-in-Ghana vehicle parts. “We can take advantage of it by starting with the production of items that are made with plastic or rubber. We can…
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Textbook retailers lament low patronage of old textbooks due to new curriculum
Traders engaged in the sale of textbooks want the Ghana Education Service (GES) to supply the books required for the new curriculum to help their businesses. The introduction of the new curriculum at the basic level from kindergarten to primary six means that traders who have the old textbooks in stock are running at a…
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Ghana set for first sub-saharan African LNG-to-power project
Ghana is set to open sub-Saharan Africa’s first liquefied natural gas-to-power project as it moves to position itself as a hub for the cleaner and cheaper fuel in the region. This is according to the Bloomberg Quint. LNG-to-power projects have been booming from Asian to Latin American in recent years as they allow nations to…
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![Businesses upbeat about conducive environments for growth in 2021 [Video]](https://citibusinessnews.com/wp-content/uploads/2021/01/provision-shop-1.png)
Businesses upbeat about conducive environments for growth in 2021 [Video]
The year 2021 is barely a week old, but businesses are hopeful of a favourable environment to flourish this year. The year 2020 came with unique challenges, with the world experiencing a shutdown due to the COVID-19 pandemic. Most economies were greatly affected, with several businesses struggling to stay afloat. In Ghana, many local businesses…
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GIFF to review new port tariffs before implementation
The Ghana Institute of Freight Forwarders (GIFF) has said it will scrutinize the new revision of port tariffs before its implementation this year. This comes after a recent announcement by the Ghana Ports and Harbours Authority stating that tariffs on imports and exports of cargo will see an increase at the Tema and Takoradi ports…