Category: Local Economy
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Toyota Tsusho’s vehicle assembly plant commissioned in Ghana
Toyota Tsusho Corporation (“Toyota Tsusho”) announced that TOYOTA TSUSHO MANUFACTURING GHANA CO. LIMITED (“TTMG”) became the first Japanese company to start vehicle assembly in the Republic of Ghana by beginning assembly of Toyota Motor Corporation’s (“Toyota”) Hilux pickup truck. The commencement of operation at TTMG was marked by an onsite ceremony, during which it was…
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![Local businesses urged to invest in quality packaging to benefit from AfCFTA [Video]](https://citibusinessnews.com/wp-content/uploads/2021/06/20210624_120635-scaled.jpg)
Local businesses urged to invest in quality packaging to benefit from AfCFTA [Video]
Businesses producing Made-in-Ghana products are being encouraged to prioritize quality packaging to facilitate the growth of their businesses as well as their survival in an era of the African Continental Free Trade Area (AfCFTA) programme. This comes in the wake of the seeming improvement in the standards of packaging on the local market. As the…
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Halt implementation of Insurance Act 2021 – GUTA to Government
The Ghana Union of Traders Association (GUTA), is calling for the suspension of the implementation of the Insurance Act 2021 due to some clauses the association finds problematic. Per the law, importers are to insure their goods only with local insurance companies. The law also prescribes a jail sentence for importers who do not comply…
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Ghana removed from money laundering list
Ghana is no longer on the global list of high risk money laundering and terrorist financing countries, after it enacted various legislations to criminalise money laundering and fight the crime. This was made known by global money laundering and terrorist financing watchdog, Financial Action Task Force (FATF) on Friday, June 25, 2021. The country was…
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Bawumia stresses on importance of digitalizing land registration processes
Vice President Dr. Mahamudu Bawumia says digitalizing land registration processes is the best way to improve the current state of the economy. Speaking at a national symposium on the Land Act, 2020, Dr. Bawumia said the only way Ghana can make the much-needed strides in development is when technology becomes the driving force for all…
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Importers unhappy with custodial sentencing clause in Insurance Act 2021
The Importers and Exporters Association of Ghana has raised concerns over a custodial sentencing clause in the Ghana Insurance Act 2021. The law prescribes a jail sentence for importers who do not comply with the mandatory Marine Insurance Policy. The association believes the law is not business-friendly and counterproductive hence must be removed from the…
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ICAO-commissioned civil-military collaboration committee expected to improve airspace safety
The Ghana Civil Aviation Authority (GCAA) says the newly inaugurated Ghana Civil-military Collaboration, Cooperation Coordination committee will see to the development of Civil-Military manuals and related Memoranda of Cooperation between the GCAA and the military. The International Civil Aviation Organization (ICAO) observed over the years that airspace traffic levels increase every 15 years. However, with…
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We’re collaborating with stakeholders to end attacks on MoMo vendors – Telecoms Chamber
The Chief Executive Officer of the Ghana Chamber of Telecommunications, Kenneth Ashigbey, says key stakeholders in the mobile money space are continuously collaborating and sharing information to effectively bring an end to the rising armed robbery attacks on mobile money vendors. Over the past couple of months and weeks, separate robbery incidents have been recorded…
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Businesses must take advantage of AfCFTA to diversify funding sources – Kobla Nyaletey
The Director of Markets at Absa Ghana and Nigeria, Kobla Nyaletey, has advised Ghanaian businesses to take advantage of the African Continental Free Trade Area (AfCFTA) to escape the high-interest rate regime in the country. Speaking on the theme, ‘Preparing and positioning for the AfCFTA opportunity‘ on Citi TV, as part of this year’s virtual…
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Benefits of AfCFTA won’t be automatic; we must work for it – Chamber of Commerce CEO
The Chief Executive Officer of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu Aboagye, has called for enhanced collaboration and a strategic plan from stakeholders in the country to enable Small and Medium-sized Enterprises (SMEs) to take full advantage of the Africa Free Trade Continental Agreement (AfCFTA). According to him, the opportunity…