Category: Top Stories
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Wilmar Africa Ltd. shuts down oil plant over operational challenges
A leading fast-moving consumer goods manufacturer in Africa, Wilmar Africa Limited, has announced the temporary shutdown of its oil-producing plant due to some operational challenges. According to the company, the situation can be attributed to a number of factors including the suspension of the implementation of the reversal of discounts on benchmark values by the…
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Continuous travel restrictions may impact international traffic to Ghana – Aviation Analyst
Aviation analyst Sean Mendes says the continued imposition of air travel restrictions in different parts of the world will hamper the ability of Ghana’s aviation sector to fully bounce back to pre-pandemic levels. Despite the strong performance of the domestic sector in 2021, international travel traffic is still underperforming. The Ministry of Foreign Affairs has…
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Akufo-Addo appoints Catherine Kakra Quaidoo as Deputy CEO of GIIF
President Nana Addo Dankwa Akufo-Addo has appointed Madam Catherine Kakra Quaidoo as Deputy Chief Executive of the Ghana Infrastructure Investment Fund (GIIF). The appointment was contained in a letter signed by Secretary to the President, Nana Bediatuo Asante, and is said to have been made in line with the Ghana Infrastructure Investment Fund Act 2014…
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Fuel prices to hit GH¢7 per litre by January ending – IES predicts
The Institute for Energy Security (IES) says consumers should expect fuel prices at the pumps to hit GH¢7 per litre in the second pricing window of this month, January. Fuel prices per litre at most pumps around the country dropped to around GH¢ 6.50 on average in the past few weeks but have now risen…
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Construction Chamber calls for sensitization on Real Estate Agency Act
The Ghana Chamber of Construction Industry is calling on the Real Estate Agency Council to create more awareness on its operational Act. The Council was commissioned late last year in accordance with the Real Estate Agency Act. Chief Executive Officer of the Chamber, Emmanuel Cherry, said the Real Estate Agency Council must work to enlighten…
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Registrar-General delists 2,788 firms from companies register
The Registrar General’s Department has delisted 2,788 companies from Ghana’s Companies Register for defaulting to file their annual returns with the department. The affected companies failed to comply with the directive issued by the department to file their annual returns or risk being delisted from the Companies Register. In a statement copied to Citi Business…
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Boldly scrap discount on benchmark values – AGI
The Association of Ghana Industries (AGI) has asked the government to be bold and maintain its decision to reverse the discount policy placed on benchmark values. It said the government must ensure that it followed through with its intention to reverse the discount policy from January 17 onwards to help spur industrialisation. Addressing a press…
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![Social enterprise: The quiet solution to Ghana’s unemployment situation [Article]](https://citibusinessnews.com/wp-content/uploads/2022/01/social-enterprise.jpeg)
Social enterprise: The quiet solution to Ghana’s unemployment situation [Article]
Social enterprise has become a growing concept in the global world. Institutions have championed the importance of social enterprise/social entrepreneurship within a public policy context globally, nationally, regionally and locally. The aim of this brief article is to discuss the importance of social enterprise as a key problem solver in dealing with the key economic…
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No need to extend retirement age to 65 – Labour Analyst to SSNIT
Labour Analyst, Austin Gamey, has advised against the possible increment of the retirement age from 60 to 65 years. The Director-General of the Social Security and National Insurance Trust (SSNIT), Dr. John Ofori-Tenkorang, earlier this week, announced at a press briefing in Accra, that his outfit is seeking further discussions with government and labour unions…
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Ghana’s inflation rate accelerates to 12.6% in December 2021
Data from the Ghana Statistical Service shows that the year 2021 ended with a national inflation rate of 12.6%. Compared to the 12.2% recorded in November 2021. This new figure represents a 0.4% rise in the inflation rate. Month-on-month inflation between November and December 2021 was 1.2% This is the 7th consecutive time the inflation…