Category: Business
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Address fuel smuggling in budget presentation – COPEC to Gov’t
As the Minister of Finance prepares to read the budget today, October 28, 2020, the Chamber of Petroleum Consumers (COPEC), says it expects to hear government’s plans to end fuel smuggling in Ghana. Although government has made some efforts to address the challenge, the chamber says the problem persists, causing the country to lose revenue.…
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Gov’t of Ghana to acquire 100 percent shares in AirtelTigo
Stakeholders in Ghana’s telecommunication industry are confident that the acquisition of a 100 percent of the shares of AirtelTigo by the Government of Ghana, will not impact the user experience of the customers of the network. According to them, aside from the transfer of the shares from Bharti Airtel Limited to Ghana’s government, business should…
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Solidaridad supports OPDAG towards establishment of Ghana’s Tree Crop Development Authority
Private sector actors in the oil palm value chain, when given the right knowledge and needed financial support, are able to influence policies that advance the development of the commodity in Ghana. Over the few years, the oil palm sub-sector has grappled with the lack of a national standard for the production of palm oil…
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![Gravity Grand Hotel opens in Accra to offer affordable luxury in the heart of the city [Photos]](https://citibusinessnews.com/wp-content/uploads/2020/10/Hotel-1.jpg)
Gravity Grand Hotel opens in Accra to offer affordable luxury in the heart of the city [Photos]
It is not so often that you find luxurious serenity affordable, especially in an industry where the more exquisite, the higher the cost principle applies. But there is a rarity in Gravity Grand Hotel, a newly commissioned hospitality facility in Accra, which guarantees close proximity, comfort and most importantly value for money. Located at East…
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High interest rates collapsing indigenous businesses – Togbe Afede XIV
The President of the National House of Chiefs, Togbe Afede XIV, is blaming the collapse of indigenous companies on Ghana’s interest rates which have over the years, remained very high. According to him, the high rates prevent Ghanaian companies from borrowing from the banks, which means they are not able to invest in their business…
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Lessen debt burden on IPPs for stable power supply – Togbe Afede to Gov’t
President of the National House of Chiefs and Co-founder of Sunon Asogli Power Ghana, Togbe Afede XIV, has lamented the poor state of Ghana’s energy sector stating that it is reeling under financial distress due to government’s inability to pay promptly for power supplied by Independent Power Producers. According to him, the debt owed them…
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ARB Apex Bank boosts access to RCBs with new office complex in Koforidua
ARB Apex Bank, which exists to serve all rural and community banks in Ghana, has opened a new office complex building in the Eastern Regional capital, Koforidua, to increase its existing branches in the country. The GH¢3,142 million building, has a regional office branch on the ground floor, a state-of-the-art conference room on the first…
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Building corruption-free business environment: PSACG leads policy, institutional reforms advocacy
Corruption continues to be a growing concern in Ghana and the menace has always been largely blamed on weak institutions and failure on the part of duty bearers to effectively implement the plethora of policies and legal frameworks established to combat the canker. In spite of efforts instituted by successive governments, the country has not…
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Ghana Gold Expo to implement alternative machinery financing for Small Scale Miners in Western Region
As part of the Ghana Gold Expo’s activities for 2021, a week would be set aside dubbed the ‘Ghana Gold Week’. Among the various activities to be carried out will be the ‘Alternative Machinery Financing for Small Scale Miners’, working with key partners from Turkey, China – Shenzhen Huaxin Construction Decoration and Design Company, and…
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COCOBOD embarks on digitization drive with launch of Cocoa Management System
The Ghana Cocoa Board (COCOBOD), in its attempt to collate and leverage data on cocoa famers across the country for the purposes of transparency and effectiveness, has launched the Cocoa Management System (CMS). The system, which will become operational in the next 12 months, is expected to cost government about $ 10.7 million dollars. The…