Category: Top Stories
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#CitiBusinessFestival: Taaka Awori shares insights on ‘Building a winning SME team’
In a thought-provoking session during the Citi Business Festival on-air series, Taaka Awori, CEO of Busara Africa, provided valuable insights on the topic “Building a winning SME team.” Speaking on Thursday, June 15, 2023, Taaka Awori emphasized the importance of institutionalizing companies to reduce reliance on individuals. She began by distinguishing between a team and…
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Corporate bodies urged to use AI to improve productivity
Stakeholders in the tech industry are urging corporate bodies in the country to leverage artificial intelligence (AI) to enhance their competitiveness in the globalized marketplace. The call comes on the back of the rapidly evolving landscape where AI technologies have proven to be instrumental in transforming businesses worldwide. Chief Executive Officer of Web and Software…
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Consumer Protection Agency accuses British Airways of charging Ghanaians $50 ‘illegal’ ticket fee
The Consumer Protection Agency (CPA) has accused British Airways of charging Ghanaians seeking to buy airline tickets an additional $50 fee. Insisting that the extra fee is illegal, the CPA slammed British Airways in a statement and asked the firm to stop the charge with immediate effect. “CPA’s attention has been drawn to an illegal…
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GRA impounds container over alleged non-payment of duty
Customs officers in the Ashanti Region have intercepted a container carrying goods after discovering that the owner had failed to pay duty on them. The officials have sent the case to the Customs Division investigative Department of the Ghana Revenue Authority for further investigation. This container was intercepted at Adiembra, a Kumasi suburb, after customs…
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Fuel prices to rise marginally in next pricing window – COPEC
Petroleum prices in Ghana are set to experience a slight increase in the upcoming pricing window of June, except for Liquefied Petroleum Gas (LPG), according to the Chamber of Petroleum Consumers (COPEC). This increase has been attributed to the depreciation of the cedi against major currencies. The Executive Secretary of COPEC, Duncan Amoah in an…
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BoG warns against 97 illegal loan Apps in Ghana
The Bank of Ghana (BoG) has cautioned the public against the operation of some online Apps operating without authorization. 97 of such applications have thus been cited for engaging in unlicensed lending activities in contravention of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (930). “The Bank of Ghana reiterated that the activities of these…
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May inflation rises marginally to 42.2% after four consecutive decreases
Inflation for May 2023 has experienced a marginal increase, rising from 41.2% in April 2023 to 42.2%. This means that in the month of May 2023, the general price level was 42.2% higher than May 2022. Month-on-month inflation between April 2023 and May 2023 was 4.8%. The Government Statistician, Prof. Samuel Kobina Annim, disclosed that…
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#CitiBusinessFestival: Absa Bank’s Audrey Abakah shares financing solutions for SMEs
On the Wednesday, June 14, 2023, edition of the Citi Business Festival on-air series, Audrey Abakah, the Director of SME, Agency Banking & Partnerships at Absa shed light on Absa’s comprehensive financing solutions designed specifically to support small and medium-sized enterprises (SMEs) in Ghana. Madam Abakah introduced an array of financing programs available to SMEs…
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NPRA targets 25% pension penetration in informal sector by 2026
The National Pensions Regulatory Authority (NPRA) is working to increase pension penetration amongst the informal sector workers. This move if finalized will see the penetration increased from 6 to 25 percent by 2026. The Authority explains that although a section of the informal sector hold a misconception about pensions it is committed in its sensitization…
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Citi Business Festival: 10 tips to building resilient SMEs
How can the ordinary Small and Medium Enterprises (SMEs) operating in Ghana possess the ability to withstand the shocks in the business climate? That was the focus of the second forum of the 2023 edition of the Citi Business Festival organised by Citi TV/Citi FM. It was on the topic “Building Resilient SMEs”. Four renowned…