Tag: Citi Business News
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Foreign inflows and BoG measures will see cedi depreciate by 4% in 2021 – Economist
Renewed inflow of foreign portfolio investment coupled with some measures by the Bank of Ghana such as the forex forward auctions should see the Cedi depreciate marginally by about 4 percent for all of 2021. That’s according to an economist with Databank Courage Martey. After depreciating by more than 8 percent and 12 percent against…
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Ghana Tourism Authority to commence enforcement of COVID-19 restrictions
The Ghana Tourism Authority says it will commence enforcement of the new COVID-19 directive for the hospitality sector. President Akufo-Addo in his 23rd COVID-19 update to the nation announced a number of restrictions. Pubs, beaches, cinemas and night clubs are to remain closed while restaurants are encouraged to as much as possible provide take-away services…
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International tourist visits to Ghana decreased by almost 70% in 2020 – GTA
The Ghana Tourism Authority has revealed that the international tourist numbers that came into the country in 2020 decreased by almost 70% percent. The decrease has been attributed to the COVID-19 pandemic. Speaking to Citi Business News, Acting Director of Public Affairs at the Ghana Tourism Authority, Nelson Jones explained that the COVID-19 pandemic has…
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Re-introduce 100 persons limit on social gatherings – Event vendors to government
The Event Vendors Association of Ghana is calling on the government to reconsider the recent ban on events and social gatherings. According to the Association, the outright and indefinite ban has brought the ailing businesses of its members to a standstill. Speaking to Citi Business News, Public Relations Officer of the Event Vendors Association of…
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Encourage private sector participation in renewable energy – Energy Consultant to government
Energy Consultant, Dr. Yussif Sulemana is calling on the government to create an enabling environment for the private sector to enter the renewable energy industry. Government has over the years been unable to attain its renewable energy target, revising it from 2020 to 2030 due to the failure to implement policies towards achieving the goal.…
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COVID-19: Businesses urged to invest in rapid antigen test kits for their staff
The Bureau of Public Safety has admonished businesses in the country to procure COVID-19 Rapid Antigen test kits for their workers. According to the Bureau, this would provide real-time information on the statuses of staff and help stop the spread of the virus in work environments. Speaking to Citi Business News, Executive Director of the…
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COVID-19: Tourism Chamber welcomes reduction of PCR test fee for ECOWAS members
The Chamber for Tourism Industry Ghana has lauded President Akufo-Addo’s recent announcement of a reduction in the cost of COVID-19 testing for all nationals of ECOWAS to $50. In an interview with Citi Business News, Chief Executive Officer of the chamber, Prince Ntiamoah-Boampong stressed that a further reduction for all is imperative to revive the…
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COVID-19: Event vendors lament impact of new restrictions on their businesses
Following President Akufo-Addo’s ban on all large social gatherings, the Event Vendors Association of Ghana has bemoaned the massive effect on their business. The group is particularly concerned about its members and clients who have already invested heavily in events scheduled for the next couple of days. The announcement by the president during his 23rd…
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Introduce quota system to boost sale of local poultry products – Poultry farmers to government
The Greater Accra Poultry Farmers Association is calling on the government to introduce a quota system that would mandate retailers of poultry products to sell local produce. The association believes this would help grow the local poultry industry and make them progressively competitive. As of 2019, Ghana is reported to have spent over 300 million…
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Akufo-Addo’s new government must focus on paying local contractors – Construction Chamber
The Ghana Chamber of Construction Industry says it expects President Akufo-Addo’s government to prioritise paying local contractors for executed projects. Emmanuel Cherry is the Chief Executive Officer of the construction chamber and according to him addressing this challenge will significantly help in building the struggling local construction industry. “As we speak now there is a…