Tag: Citi Business News
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GUTA calls for collaboration with government on 1D1F
The Ghana Union of Traders Association (GUTA) is calling on the government to align the trading community to its one district one factory initiative. GUTA argues that as traders, they can play a significant role in the success of the program, adding that they can serve in the distribution of products from the factories. President…
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Ghana-China trade hits over $4 billion in first half of 2021 – Chinese Ambassador
Despite the impact of the COVID-19 pandemic on the global economy, bilateral trade between Ghana and China continues to grow. H.E. Lu Kun, the Chinese Ambassador to Ghana, revealed that the value of trade between Ghana and China in the first half of 2021 alone was over 4 billion dollars. This according to the ambassador…
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China might be flexing its economic muscle with closure of Ningbo-Zhoushan port – Dr. Lord Mensah
Economist Dr. Lord Mensah says China’s partial closure of one of its major ports may be another attempt by the country to flaunt its economic muscle. A portion of the Ningbo-Zhoushan port was closed last week after a COVID-19 case was recorded at the facility. Some argue though that this move might be just China…
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Prioritize government’s ‘Year of Roads’ agenda – Construction Chamber to Road Fund Board
The Ghana Chamber of Construction Industry says it expects the newly constituted Road Fund Board to work assiduously to achieve government’s year of roads agenda. Chief Executive Officer of the Chamber, Emmanuel Cherry, stated that “…the second year of roads is a mandate that the board must quickly prioritize to make sure that they realise…
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Digital payments: Stakeholders call for collaboration among industry players
The Bank of Ghana has urged private players in the digital payments industry to collaborate with each other in order to further boost the penetration of electronic payments in the country. Despite mobile money service’s significant contributions to Ghana’s financial inclusion drive, cash transactions still remain a dominant base of the local economy. Speaking at…
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Mend damaging cocoa slavery slur on West Africa – Honorary President of Solidaridad
A roundtable on cocoa hosted by Solidaridad West Africa has ended with a strong call on the governments of Ghana and Cote d’Ivoire to take urgent steps to mend the reputational damage that has arisen from the deliberate anti-slavery marketing approach used by chocolate manufacturers in Europe. The call was made by Nico Roozen, Honorary…
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Government to release GHS800 million for payment of contractors
The Minister for Roads and Highways, Kwesi Amoako-Atta says GHS800 million has been made available for the payment of works executed by road contractors across the country. This follows agitations by some contractors over the delayed payment for projects completed, in some cases as far back as 2016. Some had threatened legal action against the…
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Construction Chamber welcomes formation of Road Fund Board
The Ghana Chamber of Construction Industry has welcomed the announcement by the government of the constitution of the Road Fund Board. The chamber has been at the forefront of calls on the government to constitute the board so its members who are in some cases owed since 2017 can be paid for projects executed. Chief…
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New gold refinery to start in October – PMMC
Barring any last-minute hitches, Royal Gold Ghana Limited (RGGL), a refinery in which the state has a 20 per cent stake, will begin operation by the end of October this year. The RGGL, which is a partnership between the Precious Minerals Marketing Company (PMMC) and Rosy Royal Limited, an Indian company, is located on the…
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Event Organisers want ban on post-event receptions reviewed
The Event Vendors Association of Ghana (EVAG) is calling on the Government to reconsider its recent ban on post-event receptions. The group argues that the restriction further worsens the plight of the ailing industry that has suffered immensely from the ban on social gatherings that were imposed last year when the pandemic struck. In an…