Category: Business
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Abossey Okai spare parts dealers anticipate reduction in prices
In the midst of the devastation caused by the impact of the novel Coronavirus on businesses, it appears there is a glimmer of hope for some spare part dealers following President Akufo-Addo’s announcement that government is working with the right agencies to ascertain the country’s readiness to reopen airports by September 1, 2020. Ghana’s main…
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TUC demands immediate stakeholder meeting to discuss low lump sum pension payments
The Trades Union Congress (TUC) of Ghana has called on Government to immediately convene a stakeholder forum on pensions in the country. According to TUC, persons who retired from January 2020 and beyond are worse off as compared to the old pension system. This, the Union blames on what it says are incredibly low lump-sums…
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Green Climate Fund approves $54.5m project to reduce deforestation in Ghana’s shea landscape
The Green Climate Fund (GCF) has approved a project worth 54.5 million US dollars to address the alarming deforestation and forest degradation challenges in the Northern Savannah Zone of Ghana, whilst promoting investments in the shea value chain and women’s empowerment. The ‘Ghana Shea Landscape Emission Reductions Project’, which was approved at the ongoing GCF’s…
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COVID-19: GHS releases guidelines for resumption of international air travel
The Ghana Health Service (GHS) has written to the management of the Kotoka International Airport (KIA) detailing safety protocols for the resumption of international air travel amidst the COVID-19 outbreak. Authorities of the health management body say they have identified overcrowding as one of the major factors contributing to the spread of the virus hence…
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Ghanaians urged to patronize products from local steel manufacturers
The Managing Director of Steel products manufacturer, Roofings and Steel Ghana Limited, has called on Ghanaians to support the local hardware manufacturing industry by cutting down import to boost the country’s Gross Domestic Product (GDP). Speaking to Citi Business News during a media tour of the company’s manufacturing plant at Tsopoli in the Ningo Prampram…
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Akufo-Addo cuts sod for construction of $25 million GNPC office complex in Takoradi
President Nana Addo Dankwa Akufo-Addo on the last day of his Western Regional tour cut the sod for construction of the Ghana National Petroleum Corporation $25 million Takoradi Operational Headquarters. The President said the office upon completion will provide office space for 400 staff. He said this signifies the fulfilment of the NPP’s manifesto pledge…
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Farmers advocate for local consumption of poultry amid meat-induced COVID-19 scare in Brazil
Poultry farmers in Ghana are encouraging locals to consume poultry products produced locally. They are targeting to takeover 60 percent market share of the country’s total poultry consumption. Currently, Ghanaians consume only 10% of local poultry as compared to the more patronized foreign products which make up 90% of total consumption. The poultry farmers claim the…
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Hotels hopeful of boom in business when air borders are reopened
The continuous closure of Ghana’s borders as part of measures to curtail the spread of COVID-19 is still taking its toll on some hotels in the country. Despite the easing of some COVID-19 induced restrictions on social gathering, some businesses in the hospitality sector in the country say they are still recording low patronage. The…
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PPI declines for first time in 4 months to 9.3% in July
The Producer Price Index has for the first time since the novel Coronavirus was reported in Ghana in March reduced marginally. The index which measures the average change over time in the prices received by domestic producers for the production of their goods and services decreased from the 9.5% recorded in June to 9.3% in…
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SMEs to be exempted from paying corporate income tax – Mahama pledges
Small and Medium Scale Enterprises (SMEs) stand a chance of enjoying some tax reliefs if Ghanaians vote the flagbearer of the National Democratic Congress (NDC), John Dramani Mahama into power. According to him, these businesses will be free from paying corporate income taxes should he be given the nod. This will form part of efforts…