Category: FEATURES
-
![Ghana’s Automotive Industry: A burgeoning market for Investment [Article]](https://citibusinessnews.com/wp-content/uploads/2020/09/WhatsApp-Image-2020-08-31-at-4.08.44-PM.jpeg)
Ghana’s Automotive Industry: A burgeoning market for Investment [Article]
‘’This is the first, and there will be many more to come’’. These were the words of the President Nana Addo Danquah Akuffo Addo when the German car maker Volkswagen officially unveiled its first ever range of locally assembled cars. The VW story was birthed in 2018 when the German Chancellor Angela Merkel visited Ghana…
-
![Why the Akufo-Addo government must freeze the Agyapa Royalties deal [Article]](https://citibusinessnews.com/wp-content/uploads/2020/08/Finance-Minister-Ken-Ofori-Atta.jpg)
Why the Akufo-Addo government must freeze the Agyapa Royalties deal [Article]
Kofi Ansah, the founding Chief Executive of the Minerals Commission, and Fui Tsikata, a lawyer with 45 years experience in mineral and energy law and policy, have argued for the freezing of the controversial Agyapa Mineral Royalties deal. In a statement, they said putting the deal on hold will be in “everybody’s interest”. They feel…
-
![‘The Big 4’ firms dominate audit of listed companies on Ghana Stock Exchange [Article]](https://citibusinessnews.com/wp-content/uploads/2020/08/1-4.jpg)
‘The Big 4’ firms dominate audit of listed companies on Ghana Stock Exchange [Article]
The four biggest audit firms in Ghana, namely: Deloitte, Ernst & Young (EY), KPMG and PWC, dominated the audit of the biggest companies listed on the Ghana Stock Exchange based on the 2019 audited financial reports published by the Ghana Stock Exchange and on the website of the listed companies as required by law. The…
-
Tips on partnerships and financing options for startups
According to Wikipedia, “Partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership…
-
GRIDCo’s debt recovery from the ECG worsens: IES Analysis
From data collated by the Institute for Energy Security (IES), the debt of GH¢850.993 million owed to the Ghana Grid Company (GRIDco) by the Electricity Company of Ghana (ECG) in December 2019 has shot up by almost 31 percent to GH¢1.114 billion as of end June 2020. The Institute’s trend analysis of cash receivables of…
-
Post COVID-19: A green bank in the 2021 budget crucial – IES
The economic shock experienced by most economies caused by the novel Coronavirus (Covid-19) pandemic can have widespread and dramatic effect on investments in the energy sector. The baseline expectation for 2020 is a widespread global recession caused by prolonged restrictions on mobility and social and economic activity. With a gradual opening up of economies currently…
-
Fossil fuel industry in survival mode: IES Analysis
As things stand now, fossils are in survival mode, as the momentum on consumption seems waning. The coronavirus crisis accompanied by the global economic downturn appears to have accelerated things to the point where it is prohibitively expensive to consume fossil fuels. Fossil fuels including oil, natural gas, and coal may continue to be in…
-
A Dishonest Employee or Customer; A Major Threat To A Start-up Business
According to Claude Grunitzky, a renowned Global media entrepreneur, regardless of your business idea, the entrepreneur must ask him or herself, “what is the single necessary and sufficient condition for a business?” It is not a product, a technology, a customer need, a business plan, a vision, a strong team, investors, or competitive advantage. While…
-
![Mortgages in Ghana – The myths and the facts [Article]](https://citibusinessnews.com/wp-content/uploads/2020/07/1-7.jpg)
Mortgages in Ghana – The myths and the facts [Article]
If you are renting now, buying a home could be a better financial decision. Of course, that depends on several factors such as; where you live, how much you pay now as rent, an available fit-for-purpose house you can afford, current mortgage interest rates and your aspirations. Taking your first steps towards home ownership –…
-
How can Ghana Develop; an examination of some key factors: skills, infrastructure, eCommerce, finance and leadership development
The question of development has engaged many scholars over the years. As an ardent observer and involved in the analysis of policies pertaining to Development Economics and followed the field over the years with great interest and enthusiasm, I am always intrigued by the question “development”, that is, why are some countries developed, whiles others…