Category: Top Stories
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About 12,000 businesses have benefited from Nkosuo Fund – NBSSI
The National Board for Small Scale Industries (NBSSI) has so far disbursed funds to about 12,000 businesses under the Nkosuo Fund. According to its Executive Director, Kosi Yankey-Ayeh, the Board hopes to finish its disbursements by January 31, 2021. The Nkosuo programme, which is a GHS90 million injection into the sector, was launched in September…
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![Sale of unique Christmas accessories booming during festive season [Video]](https://citibusinessnews.com/wp-content/uploads/2020/12/christmas-hat.png)
Sale of unique Christmas accessories booming during festive season [Video]
Christmas is not merely a time of celebration for everyone; at least not for those in specific businesses who focus more on cashing in on the celebrations. Although there are the usual complaints about business being slow according to some traders in major markets Citi Business News has visited, there are some retailers who are…
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Imported goods will be insured after signing of Tripartite Cargo Insurance Protocol – NIC
The move to ensure that all goods imported into the country are insured will be effected following the signing of the Cargo Insurance Protocol. This is according to the National Insurance Commission (NIC) which signed the agreement with the Ghana Shippers Authority and the Ghana Revenue Authority. The commission believes this will boost growth in…
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ECG blames issues with its prepaid system on faulty meters
The Electricity Company of Ghana’s (ECG) has blamed the current challenges it is experiencing with servicing its prepaid customers on technical faults with some of its meters as well as poor communication between some of its smart meters and servers. In a statement released by the power distribution company, ECG disclosed that some meters which…
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Stakeholders charged to eliminate barriers likely to impede success of AfCFTA
Secretary-General of the African Continental Free Trade Area (AfCFTA) Wamkele Mene, says signatories and other stakeholders to the trade agreement are aware there will be a period of protectionism in the various countries even after AfCFTA comes into force from January 1, 2021. According to the World Bank, AfCFTA will lift 30 million Africans out…
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Call ECG to order on prepaid issues – IES to Energy Ministry
The Institute of Energy Security (IES) has tasked the Ministry for Energy to as a matter of urgency, demand solutions from the Electricity Company of Ghana (ECG) on problems related to the purchase of prepaid. This comes after several prepaid customers complained about “being slapped with outrageous bills for electricity not consumed”. A statement issued…
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Permits issued for importation of maize to feed poultry – Agric Ministry
Press Secretary to the Minister for Agriculture, Issah Alhassan, says the sector minister has issued permits to some poultry farmers to enable them import maize to feed their birds amidst a shortage in poultry feed in the country. Issah Alhassan said on the Citi Breakfast Show that the ministry anticipated an increase in maize production…
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Returning economy to path of fiscal consolidation critical – BoG Governor
Governor of the Bank of Ghana, Dr. Ernest Addison has reiterated the need for government to develop a new medium-term macroeconomic framework to return the economy unto a path of fiscal consolidation. The Governor had earlier on raised questions about the sustainability of the implementation of COVID-19 related interventions meant to cushion Ghanaians and businesses…
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Market fires: GUTA demands compensation for affected traders
The Ghana Union of Traders Association (GUTA) is demanding compensation for all traders whose shops have been affected in the market fires recorded in the country in recent times. Several markets, including the Odawna, Kantamanto, and the most recent one, the Kaneshie market have been razed by fire within the last two months. The President…
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Ghana can benefit from AfCFTA with hemp production – Business consultant
Business Consultant, Nataki Kambon, says Ghana stands to benefit immensely from the Africa Continental Free Trade Area Agreement (AfCFTA) if it can take advantage of the production of Indian hemp in the country. Parliament earlier this year passed a bill which allows for the cultivation of cannabis solely for industrial and medicinal use. Nataki believes…