Category: Business
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Demand for local poultry up as COVID-19 slows down influx of imported chicken
As the COVID-19 pandemic takes a toll on businesses that largely rely on imported products due to disruptions in the global supply chain, some local businesses usually overwhelmed by competition from imported products are making some gains. Players in Ghana’s poultry industry, which is struggling for attention due to over reliance on imported chicken, say…
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COVID-19: Bank of Africa widens payment platforms to assist SMEs
As part of efforts to support operators of Small and Medium Scale Enterprises (SMEs) to keep their businesses afloat in the wake of the coronavirus pandemic, Bank of Africa (BoA) is providing restructuring of loans for businesses, cross-border business support in terms of assistance with suppliers, local and international trade finance and business advisory services…
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No need for foreign partnership in management of Kotoka Int’l Airport – Minority
The Minority in Parliament has asked government to desist from negotiating an agreement with a strategic partner for the management of Kotoka International Airport. According to the Ranking Member on the Roads and Transport Committee, Governs Agbodza, any attempt to short-change Ghanaians in the agreement will not be taken lightly. Addressing the press in Parliament,…
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COVID-19: Pineapple & Banana exporters lament low demand and fallen prices
Non-traditional exports such as pineapple and banana have been a major source of foreign earners for Ghana for some time now. Even though Ghana has the potential to increase exports of such fruits, the outbreak of the novel Coronavirus pandemic has rolled back some of the gains made by farmers in this field. Figures published…
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Prepare to take advantage of AfCFTA’s new implementation deadline – GNCCI to businesses
The Chief Executive Officer of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu Aboagye, has asked businesses to take advantage of the postponement of the implementation of Africa Continental Free Trade Area Agreement to prepare adequately towards its execution next year. The AfCFTA Secretariat rescheduled the implementation from this month to the…
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Capital injection needed to boost Airport infrastructure and pay off loans – GACL
The Managing Director of the Ghana Airports Company Limited, GACL, Yaw Kwakwa, has defended the company’s decision to partner a foreign firm in the management of the country’s Airports. According to him, the partnership is necessary to address a couple of operational challenges that ought to be resolved if Ghana is to become an Aviation…
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Kumasi Zoo to adopt virtual tourism as COVID-19 forces closure
The novel Coronavirus pandemic has taken a toll on various sectors of the global economy including tourism. As such, managers of the Kumasi Zoo are asking authorities in the sector to come up with some measures to sustain the industry. A visit by Citi Business News to the Kumasi Zoo showed that although management has…
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AGI launches E-Commerce platform for MSMEs to facilitate trade locally and internationally
The Association of Ghana Industries, AGI, has launched an E-Commerce portal for Micro Small Medium Enterprises (MSMEs) in the Eastern, Volta and Oti Regions, to enhance trade among its members, the general public and the international community. This platform, according to leadership of the Association, was borne out of an initial idea to prepare members…
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Workers kick against GACL’s partnership with Turkish firm to manage Kotoka Int’l Airport
Following the Ministry of Aviation’s clarification that the management of the Kotoka International Airport has not been ceded to a foreign company, the Public Services Workers’ Union at the Ghana Airports Company Limited, has demonstrated against the supposed engagement of a Turkish firm, TAV-Summa Consortium, as a strategic partner for the management of the Ghana…
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Esoko urges gov’t to speed up warehousing project to tackle post-harvest losses
A Commodity price survey service company, Esoko Ghana, has asked government to speed up its construction of warehouses to prevent post-harvest losses as the harvest season for farmers inches closer. Government in 2018 launched the one district, one warehouse project, to provide storage for farm produce. For many years, post-harvest losses have become a common…