Category: Business
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Pharmaceutical products manufacturers call for clear policy to boost local production
The Pharmaceutical Manufacturers Association of Ghana is calling on the government to outline a clear policy strategy on the local production and supply of pharmaceuticals in the country. According to the Association, the policy will help curb the over-reliance on imported drugs which has led to the decline in the provision of the necessary resources…
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Government must partner with private sector to improve use of renewable energy – IES
The Institute of Energy Security (IES) has called for more partnerships between the government and the private sector regarding the increasing use of solar and renewable energy in the country. The call by the Institute follows growing concerns over the future and financial sustainability of the Electricity Company of Ghana (ECG) as companies increasingly utilise…
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KIA expansion, New GCAA headquarters projects on course – Kofi Adda
The Ministry of Aviation says two out of the three major expansion projects at the Kotoka International Airport will be ready for public use by early next year. This was made known during a tour of all the three projects. The projects include the Air Navigation Services (ANS) facility, the new headquarters of the Ghana…
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Help us clear our $108 million debt – Cocoa Processing Company to Akufo-Addo
President, Nana Addo Dankwa Akufo-Addo has assured the Cocoa Processing Company (CPC) of his governments’ commitment to help in turning the fortunes of the company around. The company which processes raw cocoa beans into semi-finished products, like cocoa liquor, butter as well as finished products like the Golden Tree chocolate bars and pebbles, is believed…
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Government will help CPC to become more profitable – Akufo-Addo
The President, Nana Addo Dankwa Akufo-Addo says the government will support the Cocoa Processing Company (CPC) to turn its losses and debts into profitability. He said the company was strategic to the government’s push for value-added industrialization of the country and would be given the necessary assistance to boost its viability. The President gave the…
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Standard Chartered excites clients with rewards for signing on to its Digital Banking platform
Standard Chartered Bank Ghana has rewarded its clients who have subscribed and used the bank’s digital banking platform – SC Mobile App, with free 3 months premium subscription on Boomplay Music and shopping vouchers on Jumia. The winners were part of a promotion where customers were encouraged to open accounts on SC Mobile and enjoy…
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Government explains motive for basing Agyapa Royalties in tax haven
The government has explained the reason behind basing Agyapa Royalties Limited in Jersey of the Channel Islands which is a known tax haven. The government says it adopted such a decision to ensure that it was not paying more tax on mining royalties than it needed to. The government registered the company in Jersey “because…
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Don’t relax COVID-19 protocols after opening air borders – Tourism Chamber to government
The Chamber for Tourism Industry Ghana has welcomed the possible reopening of the country’s air borders in September 2020. President Nana Akufo-Addo in his recent address to the nation hinted of a likely re-opening of the country’s airport to international travel next month. But, Speaking to Citi Business News, Chief Operating Officer of the Chamber,…
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Revamp primary and manufacturing sectors to attract foreign investors – GIPC Report
A new report by the Ghana Investment Promotion Centre, GIPC, analyzing the economic impact of COVID-19 on foreign investors in Ghana, has highlighted some positive measures necessary to encourage foreign direct investment in the economy. Already, data from the centre shows that foreign businesses experienced an average revenue loss of $75,000 in the second quarter…
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Demand 10-litre can if you feel shortchanged at the pump – COPEC to consumers
The Chamber of Petroleum Consumers (COPEC), has asked customers who doubt the quantity of fuel sold to them at the pump to request for the fuel to be put in a ten litre can. The container can be used to test whether you’re being given fuel equal to your money’s worth. Speaking to Citi Business…