Category: Business
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C/R: Ministry of Trade commissions two Business Resource Centres
Minister for Trade and Industry, Alan Kyerematen says the establishment of the Business Resource Centres (BRC) across the country will help nurture the youth with budding talents and boost small-scale businesses. According to the Minister, statistics available show that Ghana’s labour force stands at 12 million as against 700,000 jobs created by the public sector…
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Parliament approves Air Navigation Services Agency Bill to decouple Aviation sector
Parliament has passed the Air Navigation Services Agency Bill. If assented to by the President, the law will create an independent entity out of the current Ghana Civil Aviation Authority (GCAA). The objectives of the Bill are to establish the Air Navigation Services Agency to provide air navigation service within the airspace of Ghana and…
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![Growing resilient food systems post COVID is key for Africa [Article]](https://citibusinessnews.com/wp-content/uploads/2020/11/rice-farmer.jpg)
Growing resilient food systems post COVID is key for Africa [Article]
When it comes to food security, the challenge is not always about producing more – it’s also about quality: producing food that is wholesome and preserved safely. About 690 millionpeople go hungry each year. The COVID-19 pandemic is expected to add between 83-132 million people to this number based on socio-economic factors. Even before the pandemic, about half of Africa’s citizens were…
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Stakeholders in banking sector intensify efforts to reduce money laundering
Stakeholders in Ghana’s banking sector are advocating for more support from various sectors of the economy to tackle money laundering in Ghana. This menace, which has resulted in Ghana’s current position on the European Union’s grey list, can limit many transactions with other countries if not checked. The Financial Action Task Force (FATF), the initiative…
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Ghana’s gold production to go up by 9% in 2021 – Fitch Solutions
Gold production in Ghana in 2021 is expected to grow by about 9 percent, the biggest growth rate in years. This is expected to push the volume of gold produced in Ghana to 4.65 million ounces next year according to a report by Global market analysis outfit Fitch Solutions. The increase in gold production will…
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![ADB financing agricultural value chain for wealth creation [Article]](https://citibusinessnews.com/wp-content/uploads/2020/11/WhatsApp-Image-2020-11-05-at-2.53.07-PM.jpeg)
ADB financing agricultural value chain for wealth creation [Article]
The Agricultural Development Bank Limited (ADB) is the lead bank for agricultural financing in the country. Set up for the purpose of developing the agricultural sector, ADB has over time used various avenues to channel financial resources into the sector to propel it to higher heights. With about 83 network branches nationwide, ADB is the…
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Changan Hunter by Stallion Motors storms the pick- up segment in Ghana
Global auto major Changan Automobile Corporation along with Stallion Motors, the exclusive national partner for Changan in Ghana, launched the all new Hunter pickup in their showroom at Obetsebi lamptey circle. The event was attended by an august gathering of dignitaries from the Ministry of Trade and Industry, bank and financial institutions, media and corporate…
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Dissolve TOR board within one week – Staff to Nana Addo
Workers of the Tema Oil Refinery (TOR) have given the President a one-week ultimatum to dissolve the board of the company. The staff say the board must be dissolved over its incompetent management of the refinery. The workers made the demand when they staged a peaceful protest on Wednesday, November 4, 2020, at the company’s…
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Aggrieved Fund management customers defy SEC warning; engage PBAY for refund
The Securities and Exchange Commission, SEC, says it will continue to work with law enforcement agencies to protect investors from fraudulent companies like PBAY Limited. In a recent release, the Commission cautioned the general public against engaging PBAY Limited, an entity which claims it can facilitate the payment of locked-up funds of customers of defunct…
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NEDS will boost Ghana’s participation in AfCFTA — Trade Ministry
The establishment of the African Continental Free Trade Area (AfCFTA), with Ghana hosting its Secretariat, presents a new opportunity for Ghanaian businesses to boost processes in order to meet requirements and demands in the wider continental market. In line with this, the government of the Republic of Ghana has unveiled the National Export Development Strategy…