Tag: Citi Business News
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A/R: Kumasi residents kick against ECG’s proposal for tariff increment
Some residents and business owners within the Greater Kumasi Metropolitan Area of the Ashanti Region, have kicked against the proposed increment in electricity tariffs in the midst of erratic power supply being experienced in some parts of the country. At a public forum on Thursday, April 8, 2021, the Managing Director of the Electricity Company…
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NAPO justifies GRIDCo’s maintenance works
The Energy Minister, Matthew Opoku Prempeh has justified the need for the planned system upgrade and maintenance works by the Ghana Grid Company (GRIDCo). According to him, the exercise is a necessary evil to prevent widespread outages. Power outages have heightened in the country since February 2021. Over the weekend there were blackouts in different…
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Blame government for recent power challenges not GRIDCo – Kwabena Donkor
Former Power Minister, Dr Kwabena Donkor, has attributed the current challenges to what he deems poor decisions made by the government. According to the former minister, these choices have culminated in the poor financial state of the Ghana Grid Company (GRIDCo). In an interview with Citi Business News, Dr Kwabena Donkor stated that these upgrades…
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Partner private sector to attain renewable energy goals – IPPs to government
The Chamber of Independent Power Producers says for the government to attain its renewable energy target in the country’s energy mix, it is important that it includes the private sector. The government has over the years consistently failed to attain its target on renewables for the country. In an interview with Citi Business News, Chief…
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Maintenance-induced power cuts likely to end in September – GRIDCo
The Ghana Grid Company (GRIDCo) says Ghanaians will have to deal with the intermittent supply of power until September this year when it will complete its system upgrade. GRIDCo had earlier indicated that it was working on a system upgrade to improve service delivery and had announced that it will come with some intermittent power…
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Hotels record low patronage amid Easter festivities
The fortunes of most hotels across the country are yet to turn for the better this year as the Ghana Hotels Association says business continued to be slow for its members during the Easter festivities. The tourism and hospitality industry has been one of the worst-hit since the outbreak of the COVID-19 pandemic. However, the…
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We’ll establish national housing authority soon – Asenso-Boakye
As part of efforts to address the housing deficit in the country, the government says processes are underway for the establishment of a National Housing Authority. The authority will regulate the acquisition of housing units in the country. This was revealed by the Minister for Works and Housing, Francis Asenso-Boakye during an inspection of some…
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2021 budget didn’t give enough attention to fisheries sector – Tuna Association
The Ghana Tuna Association says the country’s budgets and Economic policies will have to begin focusing on growing the Tuna industry if the sector is to thrive. According to the Association, this year’s budget just as previous ones failed to address this concern. The Association ahead of the budget presentation had indicated that it expected…
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Courier business: Industry players optimistic of post-pandemic growth
Even though the COVID-19 pandemic has taken a toll on many businesses, and thrown economies out of gear causing many to lose revenue and jobs, others have found innovative ways to provide profitable solutions amidst the devastation. Courier or delivery service providers have for instance seen a major boom in their operations, as the pandemic…
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GUTA to meet AMA over forceful take-over of electrical stalls at Opera Square
The Ghana Union of Traders Associations (GUTA) intends to later today, meet with officials of the Accra Metropolitan Assembly (AMA) over Monday’s demolition exercise and take-over of stalls at the Opera Square in Accra. GUTA says the meeting is to unravel circumstances leading to the siting of some containers by an unknown private developer possibly…