Category: Business
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Torentco deal best option to revive TOR – Management
The management of the Tema Oil Refinery (TOR) has declared the Torentco deal as the best option to revitalize the refinery and ensure its long-term sustainability. TOR, a crucial entity in Ghana’s energy sector, has faced significant challenges in recent years, including operational inefficiencies, financial constraints, and the need for infrastructure upgrades. Recognizing the urgency…
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All bullion vans will be armoured from July 1 – Association of bullion operators
The President of the Association of Bullion Operators Ghana (ABOG), Alhaji Iddi Sumaila, has provided reassurance to the public that no soft-skinned vehicle will be used for transporting cash starting from July 1, 2023. During an interview on Eyewitness News on Citi FM, Alhaji Sumaila stated that the association is committed to ensuring that all…
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ACCPA holds training for media professionals on Ghana-China relations
The Africa-China Centre for Policy & Advisory (ACCPA), in partnership with the Confucius Institute at the University of Ghana on Wednesday, June 21 hosted one-day training in Accra for select media professionals to enhance their capacity in the reportage of Africa – China relations. The Africa-China Centre for Policy and Advisory is a Sino-African research…
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AGRA launches new strategy to grow Ghana’s agro-processing industry
AGRA has unveiled a new five-year strategy that aims to promote the processing of agricultural produce in Ghana in order to benefit smallholder farmers in the country. The strategy’s planned interventions aim to create an enabling environment for agro-processors to thrive, enhance the competitiveness of businesses in the value chain and strengthen raw material supply.…
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Leasing TOR to Torentco bad deal – COPEC cautions
Stakeholders within the oil and energy sector are raising red flags over the government’s proposal to lease the Tema Oil Refinery (TOR) to Torentco Asset Management (TAM). The Executive Secretary of the Chamber of Petroleum Consumers (COPEC) Duncan Amoah is questioning the capacity of the new entity to take over a huge company such as…
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RevnaBio receives FDA approval for NeuMoDx™️ 96; first in Sub-Saharan Africa
Ghana-based precision medicine company Revna Biosciences (RevnaBio) has received historic approval from the Food and Drugs Authority of Ghana (FDA) to use the NeuMoDx™️ 96 diagnostics platform supplied by the global biotech company QIAGEN. The registration comes in addition to FDA permissions for RevnaBio to conduct its first set of complex tests for the Ghanaian/West…
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Citi Business Festival: Stakeholders urged to rethink retail sector
The Managing Partner of Ishmael Yamson and Associates, Michael Harry Yamson says there is the pressing need to rethink the country’s retail sector to maximize its benefits. He said that was because the sector had the power to transform the country’s industrial scene by making it better. Mr Yamson was speaking at the Citi Business…
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Afreximbank to establish African Quality Assurance Centres across Africa
As part of moves to strengthen intra African trade and ensure that goods and services exchanged on the continent meet global standards, the African Export and Import Bank (Afreximbank), in collaboration with key stakeholders is rolling out African Quality Assurance Centres. The centres when fully activated will not only boost trade within the African Continent…
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IMF deal not end to Ghana’s woes; real work just begun – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta, has cautioned that securing the extended credit facility from the International Monetary Fund (IMF) will not mark the end of the economic challenges facing the country. Mr. Ofori-Atta, while giving an update on Ghana’s economy, indicated that the IMF-backed program is rather a precursor to the implementation of a…
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Afreximbank urges African businesses to embrace insurance
The Executive Vice President of the Intra – African Trade Bank of the African Export-Import Bank (Afreximbank), Kanayo Awani has reiterated the need for African businesses to embrace innovative insurance packages to spur economic growth. This, she explains will reduce the several instances of the continent’s over reliance on its external partners for optimal economic…