Category: Business
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Over 500 dressmakers supported with GHS1 billion stimulus package
Over 500 members of the Ghana National Tailors and Dressmakers Association have received loans from the government’s GHS 1 billion Coronavirus Alleviation Programme Business Support Scheme (CAP BuSS) managed by the National Board for Small Scale Industries (NBSSI). The CAP Business Support Scheme which was launched in May 2020 was part of the government’s economic…
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Lack of clear policy direction affecting poultry industry – Poultry Farmers Association
The lack of clear policy direction governing the poultry industry in Ghana is negatively affecting the industry, Mr Tornia Abu Sidiki, the Upper West Regional Chairman of the Poultry Farmers Association has said. He said the industry was not well organised and poultry farmers were operating haphazardly due to the lack of a policy to…
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Stipulate clearly AfCFTA rules of origin for all member states – GUTA to AU Commission
The Ghana Union of Traders’ Associations (GUTA), has appealed to the African Union (AU) Commission as well as the sub-regional bodies to clearly outline the rules of origin and sensitize citizens of all member states regarding the implementation of the African Continental Free Trade Area (AfCFTA). The rules of origin are the criteria needed to…
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80 warehouses built, others ongoing to support farmers – Bawumia
As part of efforts to better the agricultural sector, the government has so far built about 80 warehouses across the country to enable proper food storage. This, according to the Vice President, Dr. Mahamudu Bawumia, forms part of the government’s promise of building a warehouse in each district in Ghana. Many farmers, over time, have…
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Bank of Ghana indices show boost in real sector despite impact of COVID-19
New data released by the Bank of Ghana indicates that some selected real sector indicators showed improvements in economic activity in the first quarter of 2020 in spite of the general downturn in economic activity as a result of the negative impact of COVID-19 on the real sector. The real Sector comprises households, non-financial organisations…
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Customers of defunct Man Capital demand timelines for payment of locked-up cash
Customers of defunct Man Capital Microfinance Company Limited are seeking timelines for payment of their locked-up cash from the Receiver of the collapsed microfinance and savings and loans institutions, Eric Nana Nipah. Man Capital was among the 347 microfinance entities whose licenses were revoked by the Bank of Ghana during the clean-up of the sector.…
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SMEs urged to use appropriate channels to acquire certification of products
The Ghana Standards Authority has urged Small, Medium and Micro Enterprises (SMEs) to seek early expert advice from the authority and register products in line with the laws of the country. This follows a Citi Business News report that, a lot of small medium enterprises and start-ups do not obtain certification from the Ghana Standards…
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Okada riders lament ‘no insurance’ directive; call for legislation of their operations
Some commercial motorcycle operators in Ghana are calling for effective legislation of their operations to enable them conduct their businesses without any hindrance. Their calls follow a recent directive from the National Insurance Commission (NIC) for insurance companies to stop issuing insurance policies to motorcycles and tricycles used for commercial purposes. Popularly known as “Okada”,…
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Afrocacy elated over commissioning of AfCFTA Secretariat building
A Pan African social movement, Afrocacy, has lauded the “successful commissioning” of the Africa Continental Free Trade Area (AfCFTA) Secretariat building. The ceremony, which took place, Monday, August 17, is purposed to administer the free trade agreement for creating a single market across 55 countries with a combined population of 1.2 billion and a total…
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Financial stocks likely to bounce back post-COVID and 2020 polls
The poor performance of financial stocks on the Ghana Stock Exchange for this year has been generally attributed to a combination of poor public sentiments, the fallouts from the banking sector reforms as well as the impact of COVID-19. This was made known by the Head of Research at Databank, Alex Boahen. The GSE Financial…