Category: FEATURES
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![Minister of Transport burdened by confused law [Article]](https://citibusinessnews.com/wp-content/uploads/2016/08/shipping-1.jpg)
Minister of Transport burdened by confused law [Article]
Recently, a number of shipping companies who together, control a significant share of the Ghanaian container shipping market, wrote to their customers introducing new ‘Terminal Handling Charges’ as of the 1st of August, 2016 at an average rate of US$140 per TEU (Twenty Foot Container). According to most of the shipping lines, the decision is…
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![Ghana’s biggest economic problem: People don’t have money to spend [Article]](https://citibusinessnews.com/wp-content/uploads/2016/01/makert-620x330-2.jpg)
Ghana’s biggest economic problem: People don’t have money to spend [Article]
Last week the finance minister revised economic growth outlook indicating that the 5.4% growth estimated for 2016 is no longer achievable. This cut on growth expectation was attributed to the decline in gold and oil production, but I have a different position why we could not attain the 5.4% GDP target. In one of my…
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Arbitrary shipping line charges in Ghana – a study of market power [Article]
In the past ten years alone, there have been countless calls by shippers for the abolishing of illegal fees and charges being imposed by shipping lines on imports and exports. Almost an annual affair, these calls have been led by various organisations such as the Ghana Institute of Freight Forwarders (GIFF), Ghana Union of Traders…
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The Beginning, middle and possibly end of banking as we know it?
The mandate of Bank of Ghana is mainly overall supervisory and regulatory authority in all matters relating to banking and non-banking financial business with the purpose to achieve a sound, efficient banking system in the interest of depositors and other customers of these institutions and the economy as a whole.” At the introduction of Mobile…
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The next BoG Governor’s agenda
As the suddenly foreshortened tenure in office of outgoing Bank of Ghana (BoG) Governor, Dr Kofi Henry Wampah comes to an end, speculation over who will replace him has become rife. The most obvious options are Millison Narh, the current First Deputy Governor or Dr Nashiru Issahaku, the current Second Deputy Governor, although there is…
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Alert: Ghana’s telcos in trouble; some face imminent collapse
Ghana ‘s telecom industry is likely to see a number of telecom operators fold up in the coming years if conditions do not improve. Persons familiar with the development are predicting players in the industry with the least customers are likely to be hit the most. [contextly_sidebar id=”8yfVLPQNb7gqcDUwuJFq7bNxshymOTpG”]The development follows poor returns being made by…
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Microfinance: a necessary evil?
In view of the Central Bank of Ghana’s war on the microfinance sector and public outcry on the industry in some parts of the country, the popularity of microfinance space as a means of financial intermediation for the informal sector has waned. This would be avoided if the operators were more professional and conducted their…
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Illegal mining, the politics and a needless death
Over the weekend, a tragic incident occurred at the Obuasi Mine of AngloGold in the Ashanti Region. The company’s Corporate Affairs Manager, the affable Mr. John Owusu was reportedly run over by a company vehicle as he together with a group of company officials and journalists were fleeing from rampaging illegal miners who were pelting…
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Vivian Kai Lokko: ‘Why China’s trouble is Ghana’s trouble’
China, the world’s second biggest economy has not been doing too well this month August, 2015. Economic growth has slowed down, it’s markets have slumped and the currency has also seen significant devaluation, among others. Economists around the world fear the development will have serious implications on many countries if Beijing does not contain it’s…