Category: Local Economy
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FDA to sanction individuals who sell expired goods during Christmas
The Foods and Drugs Authority (FDA) says it will sanction businesses and individuals who take advantage of the upcoming Christmas season to sell expired and substandard food products. FDA is further urging the general public especially consumers of confectionery and frozen foods, to be on the lookout for expired products on the market before, during…
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Registrar General’s Department to delist over 100,000 companies
The Registrar General’s Department, RGD, has served notice to the Business Community and the general public that it has begun the delisting of dormant companies from the Companies Register. The delisting process is commencing with 3,100 companies being taken off the Companies Register. In a statement signed and copied to Citi Business News, the Registrar…
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Stop closing Nigerian shops as we work to resolve impasse – Trade Ministry to GUTA
The Ministry of Trade and Industry has cautioned the Ghana Union of Traders Associations to refrain from locking up any more shops belonging to Nigerians who are operating in Ghana’s retail space. This follows the setting up of a joint taskforce composed of the Ghana Union of Traders Associations (GUTA) and the Nigeria Union of…
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SCORE determined to ensure sustainability of SMEs for growth – Samuel Asiedu
As part of efforts to ensure the sustainability of business and enhance the efficiency and competitiveness of Ghanaian Small and Medium sized Enterprises, the National Project Coordinator for Sustaining Competitive and Responsible Enterprises (SCORE), a project under the International Labour Organisation, ILO, Samuel Onoma Asiedu is calling on multinationals and financial institutions to support the…
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Ghana set to showcase “limitless investment possibilities’ at Dubai Expo 2020
Ghana will be participating in the largest cultural and diplomatic fair, as 192 countries converge at the World Expo 2020, which will be held in Dubai from October 1, 2021 to March 31, 2022. The country is poised to leverage this grand occasion, to showcase the immense opportunities it offers across business, culture and human…
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Tullow executives pay working visit to Ghana
The Senior Leadership Team (SLT) of Tullow Oil Plc, led by the Chief Executive Officer, Rahul Dhir are paying a working visit to Ghana. The visiting Executives will hold a series of engagements with key Government of Ghana stakeholders, including the Office of the Vice President, Ministry of Energy, the Bank of Ghana, the Ghana…
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Ghanaians to use more coins as BoG plans to phase out GH¢1 and GH¢2 notes
The GH¢1 and GH¢2 notes will soon be phased out of the Ghanaian economy. This was made known by the Governor of the Central Bank, Dr, Ernest Addison on Monday, September 27, 2021. Dr. Addison said the two notes which are usually not in good shape will be replaced by their respective coins. “The GH¢1…
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Ghana’s debt stock hits GH¢336 billion; debt-to-GDP ratio now 76.4% – BoG
Latest figures released by the Bank of Ghana indicate that in two months, the country’s public debt stock has increased by GH¢3.5 billion. By this, Ghana’s total public debt stock increased from about GH¢332 billion in May 2021 to about GHC336 billion in July 2021. According to the latest Bank of Ghana’s Summary of Macroeconomic…
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GUTA demands government’s intervention over trade wars between local and foreign retailers
The Ghana Union of Traders Association (GUTA) has called on the government to hasten steps to resolve the impasse between Ghanaian and foreign traders in the country. A joint implementation task force between GUTA and the Nigeria Union of Traders Association, Ghana (NUTAG) has been established to find a lasting solution to the stalemate between…
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MPC likely to maintain policy rate at 13.5% – IEA
The Institute of Economic Affairs, IEA, has ruled out the possibility of a change in the policy rate to be announced by the Bank of Ghana. This, the IEA says is as a result of calls from President Akufo-Addo and other stakeholders within the financial sector for a relook at the lending rates being charged…