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    Business gradually booming for traders at University of Ghana as schools reopen [Video]

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    Don’t purchase unapproved COVID-19 vaccine – FDA cautions public

    Businesses must abide by regulations to prevent fire outbreaks – Bureau of Public Safety

    The riser platform stands on the Johan Sverdrup oil field off the coast of Norway in the North Sea, on Tuesday, Dec. 3, 2019. Sverdrup's earlier-than-expected start in October broke a long trend of underperformance for Norway's overall oil production.

    AfCFTA and Dangote’s refinery will make fuel cheaper – Energy Consultant

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    Business gradually booming for traders at University of Ghana as schools reopen [Video]

    Government must appoint only qualified persons to energy sector boards – COPEC

    Inflation for December 2020 rises to 10.4%; still within revised target

    GIPC begins probe into activities of Chy Century Heng Yue Group

    SEC refers CHY Century Heng Yue Group Limited to EOCO

    Businesses must abide by regulations to prevent fire outbreaks – Bureau of Public Safety

    The riser platform stands on the Johan Sverdrup oil field off the coast of Norway in the North Sea, on Tuesday, Dec. 3, 2019. Sverdrup's earlier-than-expected start in October broke a long trend of underperformance for Norway's overall oil production.

    AfCFTA and Dangote’s refinery will make fuel cheaper – Energy Consultant

    Key reforms needed to exceed 1.4% World Bank growth forecast – Economist

    AfCFTA: GUTA calls for access to cheaper credit to be competitive

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    Blend tech with fashion with the new Huawei Watch Fit

    Kick back and enjoy immersive entertainment for the whole family with the MatePad T 10s

    Cost of political adverts on social media to rise by 200% in next election – Maximus

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    Ghana can benefit from ‎AfCFTA with hemp production – Business consultant 

    GUTA welcomes Nigeria’s decision to reopen its land borders

    C40 Regional Director for Africa, Mr Hastings Chikoko

    Accra and world’s major cities on track to keep global heating to 1.5°C – Report

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    Business gradually booming for traders at University of Ghana as schools reopen [Video]

    Government must appoint only qualified persons to energy sector boards – COPEC

    Stakeholders in real estate sector confident of a boost in 2021

    Inflation for December 2020 rises to 10.4%; still within revised target

    GIPC begins probe into activities of Chy Century Heng Yue Group

    SEC refers CHY Century Heng Yue Group Limited to EOCO

    Don’t purchase unapproved COVID-19 vaccine – FDA cautions public

    Businesses must abide by regulations to prevent fire outbreaks – Bureau of Public Safety

    The riser platform stands on the Johan Sverdrup oil field off the coast of Norway in the North Sea, on Tuesday, Dec. 3, 2019. Sverdrup's earlier-than-expected start in October broke a long trend of underperformance for Norway's overall oil production.

    AfCFTA and Dangote’s refinery will make fuel cheaper – Energy Consultant

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    Business gradually booming for traders at University of Ghana as schools reopen [Video]

    Government must appoint only qualified persons to energy sector boards – COPEC

    Inflation for December 2020 rises to 10.4%; still within revised target

    GIPC begins probe into activities of Chy Century Heng Yue Group

    SEC refers CHY Century Heng Yue Group Limited to EOCO

    Businesses must abide by regulations to prevent fire outbreaks – Bureau of Public Safety

    The riser platform stands on the Johan Sverdrup oil field off the coast of Norway in the North Sea, on Tuesday, Dec. 3, 2019. Sverdrup's earlier-than-expected start in October broke a long trend of underperformance for Norway's overall oil production.

    AfCFTA and Dangote’s refinery will make fuel cheaper – Energy Consultant

    Key reforms needed to exceed 1.4% World Bank growth forecast – Economist

    AfCFTA: GUTA calls for access to cheaper credit to be competitive

  • TECHNOLOGY

    Huawei Watch Fit; The perfect smartwatch for everyone

    A close look at the Huawei FreeBuds 3; World’s 1st open-fit active noise-cancellation earphone

    Ashigbey urges government to revise telecoms industry laws to boost growth

    Blend tech with fashion with the new Huawei Watch Fit

    Kick back and enjoy immersive entertainment for the whole family with the MatePad T 10s

    Cost of political adverts on social media to rise by 200% in next election – Maximus

    Huawei announces global release schedule of EMUI 11 update

    Experience powerful all-round performance with the New Huawei Y8s

    Hyundai launches first ever electric car in Ghana

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    World Bank plans to invest over US$5 billion in drylands in Africa

    Be proactive to benefit from AfCFTA – AfroChampions urges businesses in Ghana

    GUTA to commence cross-border trading with Nigeria

    Stakeholders charged to eliminate barriers likely to impede success of AfCFTA

    Ghana can benefit from ‎AfCFTA with hemp production – Business consultant 

    GUTA welcomes Nigeria’s decision to reopen its land borders

    C40 Regional Director for Africa, Mr Hastings Chikoko

    Accra and world’s major cities on track to keep global heating to 1.5°C – Report

    Nigeria to re-open land borders soon – President Buhari hints

    World Bank approves $60 million to strengthen resilience of Africa’s agricultural sector

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New year greetings from Greater Accra chapter of AGI [Article]

January 5, 2021
in FEATURES
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Last year, the global Covid-19 pandemic had an adverse impact on economies and businesses. The pandemic took toll on lives. Many businesses had to make significant adjustments to remain operational or become competitive. The global economy has not recovered enough from the shocks of the virus and now that a new variant of the virus has been found which is deemed more infectious than the current one, we must not abandon the Covid-19 protocols. The good news is that vaccines are expected to be widely available across the Ghana and the rest of continent in the course of the year. This is expected to lead us back into normalcy.

Nonetheless, there is one key lesson we must continue to hold on to as industry players. The pandemic was a tragedy whose emergence and impact were not anticipated. It destabilized the equilibrium of the world and did not leave out businesses. As we embrace a new year, it is imperative that we remodel our businesses to be agile to ensure quick and appropriate response to similar situations. While we hope for the best, we must prepare for the worst. Covid-19 has made some businesses winners and others losers. The winners did something different – they invested, they researched, they had contingencies plans.

African Continental Free Trade Area

The Africa Continental Free Trade Agreement (AfCFTA) has taken effect this new year. This presents an opportunity for Ghanaian businesses to expand and access the entire African market of 1.3 billion people. AfCFTA is expected to boost Africa’s combined GDP by 1% to 3%, create employment opportunities, improve trade across Africa, and promote private sector development.

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With Ghana being host of the AfCFTA Secretariat, members of AGI should position ourselves to become the hub of African enterprise. We must strengthen our corporate governance systems, redefine our business models, and realign our brands in order to remain competitive vis-à-vis the expected ease in movement of goods and services across borders, as a result of the removal or reduction of import tariffs on most goods and services produced in Africa. The AfCFTA is not only opportunity for businesses but also to the consumer. This means consumers would have a choice and compare products by quality and price. Until businesses invest in technology and product development, we may not be able to compete with goods coming other African countries.

Partnership with Government

Over the years we have enjoyed a good working relationship with successive governments. It is our expectation that this cooperation will continue under the current administration. As efforts are underway to form a new government, we urge government to integrate the interests of the private sector in policy formulation and implementation, such that the sector will be empowered to reap the benefits of AfCFTA for the country.

We believe that the continuous support of Government for the private sector will make Ghana a hub for business growth in Africa. We encourage Government to earnestly pursue policies that will ease the business environment, reduce cost of capital and financing, and remove all regulatory bottlenecks. As businesses continue to manage the aftermath of Covid-19, we expect that Government will continue to bail out troubled businesses and provide stimulus packages to support efforts by businesses to bounce back.

We shall continue to engage government to ensure that stimulus plan for larger businesses will be operationalized speedily. So far, government stimulus programme that has been implemented has targeted small businesses.

Looking ahead

We don’t know what is in store but we must be hopeful and steadfast in the midst uncertainty. Businesses that build capacity to withstand shocks are the ones that will prevail in this new year and beyond.
On this note, I wish each and every member of AGI, particularly members of the Greater Accra Chapter a very prosperous and successful new year.

Signed,
.

Source: Tsonam Cleanse Akpeloo, Chairman, AGI – Greater Accra
Tags: AGICOVID-19

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