Category: Top Stories
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International tourist visits to Ghana decreased by almost 70% in 2020 – GTA
The Ghana Tourism Authority has revealed that the international tourist numbers that came into the country in 2020 decreased by almost 70% percent. The decrease has been attributed to the COVID-19 pandemic. Speaking to Citi Business News, Acting Director of Public Affairs at the Ghana Tourism Authority, Nelson Jones explained that the COVID-19 pandemic has…
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Re-introduce 100 persons limit on social gatherings – Event vendors to government
The Event Vendors Association of Ghana is calling on the government to reconsider the recent ban on events and social gatherings. According to the Association, the outright and indefinite ban has brought the ailing businesses of its members to a standstill. Speaking to Citi Business News, Public Relations Officer of the Event Vendors Association of…
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Government pledges to intensify efforts in adding value to cocoa
As Ghana prepares to celebrate the National Chocolate week, stakeholders in the cocoa sector have pledged to intensify efforts to add more value to the country’s cocoa. According to them, this would be done by focusing more on making beans available to local entrepreneurs to enhance their value addition ventures. Cocoa farming has for many…
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Electricity from wind and solar more economical than nuclear – IES
Institute for Energy Security’s (IES’) review of data from the U.S. Energy Information Administration (EIA) and financial advisory and asset management firm Lazard, have revealed that generating electricity from wind and solar is more economical than nuclear. The potential savings attained by generating a set quantity of electricity from renewables as a substitute for nuclear…
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Ghana-UK finalize negotiations on new interim Trade Partnership Agreement
Ghana and the UK have successfully completed negotiations on the new interim Trade Partnership Agreement between the two countries. The new agreement will take effect immediately both countries finalize on their internal procedures to accommodate the concessions. As part of the new agreement, Ghana will get duty-free and quota-free access to the UK market while…
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U/E: Rice farmers attribute losses to lack of combine harvesters
Rice farmers at Fumbisi and Tono in the Builsa South District and the Kassena-Nankana Municipality of the Upper East Region have attributed heavy losses they have incurred on the delay in harvesting due to the lack of combine harvesters. The farmers said they could not harvest their produce on time, leading to the drying up…
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Companies given up to June 30 to submit data on legal owners to Registrar-General
The Registrar-General’s Department has tasked all existing companies to submit all data on their legal and beneficial owners before July 1, 2021. “From January, every business that comes to register is supposed to download the forms, fill it and attach it to the registration documents. So we have started collecting them,” she noted during a…
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Growth rate of bank loan advances slows in 2020 due to COVID-19
The month of December witnessed the slowest annual growth rate in bank advances seen in all of 2020. That’s according to the latest summary of Macroeconomic and Financial data released by the bank of Ghana. Total amount of loans advanced by banks in the country at the start of 2020, stood at GHS46.5 billion, representing…
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COVID-19: Business owners urged to be measured in reducing employee numbers
National Project Coordinator for Sustaining Competitive and Responsible Enterprises (SCORE), a project under the International Labour Organisation, ILO has stated that reducing the number of employees in the current economic environment, as part of measures to control the negative impact of COVID-19 on businesses, is not the best decision for business owners. According to him,…
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Encourage private sector participation in renewable energy – Energy Consultant to government
Energy Consultant, Dr. Yussif Sulemana is calling on the government to create an enabling environment for the private sector to enter the renewable energy industry. Government has over the years been unable to attain its renewable energy target, revising it from 2020 to 2030 due to the failure to implement policies towards achieving the goal.…