Category: Business
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![Sale of unique Christmas accessories booming during festive season [Video]](https://citibusinessnews.com/wp-content/uploads/2020/12/christmas-hat.png)
Sale of unique Christmas accessories booming during festive season [Video]
Christmas is not merely a time of celebration for everyone; at least not for those in specific businesses who focus more on cashing in on the celebrations. Although there are the usual complaints about business being slow according to some traders in major markets Citi Business News has visited, there are some retailers who are…
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Imported goods will be insured after signing of Tripartite Cargo Insurance Protocol – NIC
The move to ensure that all goods imported into the country are insured will be effected following the signing of the Cargo Insurance Protocol. This is according to the National Insurance Commission (NIC) which signed the agreement with the Ghana Shippers Authority and the Ghana Revenue Authority. The commission believes this will boost growth in…
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ECG blames issues with its prepaid system on faulty meters
The Electricity Company of Ghana’s (ECG) has blamed the current challenges it is experiencing with servicing its prepaid customers on technical faults with some of its meters as well as poor communication between some of its smart meters and servers. In a statement released by the power distribution company, ECG disclosed that some meters which…
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Stakeholders charged to eliminate barriers likely to impede success of AfCFTA
Secretary-General of the African Continental Free Trade Area (AfCFTA) Wamkele Mene, says signatories and other stakeholders to the trade agreement are aware there will be a period of protectionism in the various countries even after AfCFTA comes into force from January 1, 2021. According to the World Bank, AfCFTA will lift 30 million Africans out…
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Call ECG to order on prepaid issues – IES to Energy Ministry
The Institute of Energy Security (IES) has tasked the Ministry for Energy to as a matter of urgency, demand solutions from the Electricity Company of Ghana (ECG) on problems related to the purchase of prepaid. This comes after several prepaid customers complained about “being slapped with outrageous bills for electricity not consumed”. A statement issued…
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Returning economy to path of fiscal consolidation critical – BoG Governor
Governor of the Bank of Ghana, Dr. Ernest Addison has reiterated the need for government to develop a new medium-term macroeconomic framework to return the economy unto a path of fiscal consolidation. The Governor had earlier on raised questions about the sustainability of the implementation of COVID-19 related interventions meant to cushion Ghanaians and businesses…
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Market fires: GUTA demands compensation for affected traders
The Ghana Union of Traders Association (GUTA) is demanding compensation for all traders whose shops have been affected in the market fires recorded in the country in recent times. Several markets, including the Odawna, Kantamanto, and the most recent one, the Kaneshie market have been razed by fire within the last two months. The President…
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Covid-19: Kosmos Energy supports correctional institutions, families with $50,000
Leading Oil and Gas giant, Kosmos Energy Ghana has donated food relief and medical supplies valued at US$50,000 to three correctional institutions and 400 families at a ceremony in Accra. The institutions are the James Camp Prisons, Senior Correctional Centre and Light Outreach Orphanage. The donation is aimed at easing the unexpected pressures brought about…
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Ghana made $5.2 billion oil cash from 2011 to 2020 – Natural Resource Governance Institute
A recent report by the Natural Resource Governance Institute has revealed that Ghana has so far made 5.2 billion US dollars from the sale of crude oil. The report indicated that the amount realized was from the sale of 73 cargos of oil by the Ghana National Petroleum Corporation (GNPC). The report titled “Ghana’s Oil…
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Producers of poultry products lament shortage of feed
Consumers of poultry and its related products may have to revise their budget this festive season as producers anticipate an increase in the prices of poultry products. These producers of poultry in some parts of the country attribute it to the increase in the price of poultry feed which in some areas has even become…