Category: Business
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Intravenous Infusion targets West African market as COVID-19 slows demand for medical supplies
Pharmaceutical company, Intravenous Infusion PLC (ILL), has announced plans to expand its market reach in the West African sub-region. According to the company, this is due to an expected decline in its revenue generation as major health facilities in Ghana record reductions in Outpatient Department (OPD) attendance and the postponement of elective surgeries due to…
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Stakeholders call for inclusion of relevant groups in drafting agric sector policies
The under-performance of the agriculture sector in Sub-Saharan Africa has been attributed largely to the failures in agricultural policies, weak institutions, and poor governance. On the policy front, some stakeholders have bemoaned the lack of input from smallholder farmers and other relevant groups. To cure this, the African Center for Economic Transformation (ACET), has launched…
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Pubs and Night Clubs hit by COVID-19 restrictions lament losses
In the discussions so far about various sectors of the Ghanaian economy that have been affected by the COVID-19 pandemic, one area that has barely featured is the entertainment sector. Beyond the excitement and relaxation the entertainment sector offers, there’s the business side of it, as it employs many people as a sustainable livelihood. This…
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Databank holds its first virtual Annual General Meeting for its mutual funds
Databank Group, Ghana’s leading investment bank, held the 2019 Annual General Meetings for its mutual funds via Zoom on Tuesday July 14 and Wednesday July 15, 2020. The meetings on Tuesday July 14, and Wednesday July15 2020, which were organised for the first time virtually in adherence to government’s restrictions on large public gatherings, proved…
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Vehicle & Asset Dealers Union demands review of Customs Amendment Act to save jobs
The Vehicle and Asset Dealers Union of Ghana (VADUG), has asked government to review the Customs (Amendment) Act, 2020, Act 1014, ahead of its implementation in October this year. The Act, passed on March this year, bans the importation of second hand cars of more than ten years old, as well as salvage cars, locally…
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Ecobank Group named Africa’s best bank for Corporate Responsibility
Ecobank, the leading pan-African banking group, has won the coveted prize of Africa’s Best Bank for Corporate Responsibility in the Euromoney Awards for Excellence 2020. Euromoney recognises Ecobank’s focus on sustainability and partnerships and its core capabilities in delivering positive social and environmental outcomes across Africa. In a statement, Chief Operating Officer of the Ecobank Foundation,…
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Gov’t is working to create job opportunities for the youth – Employment Minister
In the wake of job losses triggered by the coronavirus pandemic, the Minister for Employment and Labour Relations, Ignatius Baffuor –Awuah, says government is taking steps to minimize unemployment by creating some opportunities particularly for the youth. According to him, plans are far advanced to engage the youth in Agric, services and manufacturing sectors. Speaking…
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Finance Minister to present Mid-year budget review on July 23
The Finance Minister, Ken Ofori-Atta, is scheduled to present the mid-year budget review to parliament on Thursday 23rd July, 2020. This is in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921). According to Citi Business News sources, the presentation of the statement on the review of government projections for the…
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COVID-19: Ghana Commodity Exchange laments 45% drop in produce from farmers
The Ghana Commodity Exchange, a private-public partnership initiative that provides a regulated market linking buyers and sellers of commodities to trade, says it has seen a 45% drop in farm produce channeled through its platform. The CEO of the Exchange, Dr. Kadri Alfah, who disclosed this to Citi Business News, blames the drop largely on…
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We need a policy to protect our activities – Ass. of Savings and Loans Companies to Gov’t
The Ghana Association of Savings and Loans Companies is urging government to come out with a policy that will protect its members in times of difficulties. According to the Association, even though the Bank of Ghana regulates the financial sector, best practices in some African countries show that savings and loans companies are better protected…