Category: Local Economy
-
#CitiBusinessFestival: Virtual forum on agribusiness comes off today
The third edition of the 2021 Citi Business Festival’s virtual fora comes off today, June 15, 2021. The discussion will border on the theme, ‘Feeding Ghana with a sound import substitution strategy’, and will be live on Citi TV and on the station’s social media platforms. The forum, scheduled to start from 11:00 am to…
-
ENI, Springfield await further directive from government on unitisation of oil fields
The two key actors in the ongoing ENI-Springfield unitisation saga have laid responsibility for the next line of action in resolving the impasse, at the doorstep of government. Despite agreeing to the need for an early mutually beneficial solution to be arrived at, the two companies still disagree on whether or not there should be…
-
Agricultural Development Bank supports agribusinesses in Ghana
Many Ghanaians heaved a sigh of relief when the government introduced the One District One Factory (1D1F) initiative, which is aimed at building strong value-addition-oriented companies as well as reducing the unemployment rate in the country. Although some private companies have received some forms of support under the initiative, many have not received the support…
-
Fertilizer smuggling seriously affecting rice production in northern Ghana – Peasant Farmers
The Peasant Farmers Association of Ghana is lamenting the growing incidents of fertilizer smuggling in the country. According to the association, the development is affecting the production of various commodities, especially rice. The Head of programmes and Advocacy, Charles Nyaaba, in an interview on the Citi Breakfast Show, said the smuggling is prevalent in the…
-
#CitiBusinessFestival: Don’t be absentee farmers – Prof. Sottie cautions agribusiness entrepreneurs
Prospective agribusiness investors in Ghana have been cautioned against deferring the management and supervision of their farms completely to local farmers without frequenting the farms themselves. According to Professor Edmund Sottie, a Principal Research Scientist at the Animal Research Institute of the Centre for Scientific and Industrial Research (CSIR), there is a greater risk of…
-
Tullow oil & partners to invest additional $4.2 billion in Jubilee and TEN fields
Tullow Oil and its partners are set to invest over $4 billion dollars into the Jubilee and TEN fields focusing on new wells and infrastructure over the next 10 years as part of an ambitious ‘Value Maximization Plan’ that is expected to deliver consistent revenue and value to Ghana. This was disclosed by the Chief…
-
Processing an insurance claim is easier than thought – The Coronation Insurance way
Losses or damages are incurred continuously by motorists, business owners, workers, property owners etc. These damages or losses should have a financial cover which will protect them from the cost of damage or loss incurred. The process of getting this financial cushion is known as getting an insurance policy/cover. This is a contract between an…
-
Akufo-Addo launches Ghana Enterprises Agency
Ghana’s SME sector is expected to experience some enhancement in the coming days. This comes on the back of the launch of the Ghana Enterprises Agency (formerly NBSSI) and the National Micro, Small and Medium-Scale Enterprises (MSMEs) Entrepreneurship Policy. Speaking at the launch, President Akufo-Addo noted that the policy is aimed at reducing, if not…
-
Government to introduce programme for taxing informal sector soon – John Kumah
A Deputy Minister-designate for the Ministry of Finance, John Kumah has hinted of the implementation of a new program to ensure Ghana’s thriving informal sector is efficiently taxed. While taking his turn before Parliament’s Appointments Committee, Mr. Kumah noted that the initiative tagged as the Revenue Assurance Compliance and Enforcement (RACE) program will in addition…
-
#CitiBusinessFestival panelists outline strategies for ‘Doing Business in Ghana as an MSME’
Five speakers billed for the 2nd edition of the 2021 Citi Business Festival’s virtual forum gave varied opinions on effective ways of doing business in Ghana as a Micro Small and Medium Enterprise (MSME). Citi News’ Vivian Kai Lokko hosted the show which was live on Citi TV, and was also streamed on social media…