Tag: Citi Business News
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AfCFTA and Dangote’s refinery will make fuel cheaper – Energy Consultant
Energy analyst and lead technical consultant to the Chamber of Petroleum Consumers (COPEC), Dr Yussif Sulemana says the African Continental Free Trade Area Agreement (AfCFTA) coupled with the establishment of a state-of-the-art refinery by Nigerian businessman Aliko Dangote stand the potential to significantly reducing the cost to refined crude products on the continent. He stated…
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Extension of tariff reliefs won’t worsen debt stock – Adu Sarkodie
Economist Dr Adu Sarkodie says the impact of the reliefs on utilities will not significantly increase the country’s debt. The government extended the provision of free utilities for lifeline consumers to cushion the public from the impact of the COVID-19 pandemic. Dr Sarkodie insists that the impact of the pandemic still lingers and any help…
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Hotels make some gains during festive season
The Ghana Hotels Association says the Yuletide brought some respite to its members after enduring the adverse impact of the COVID-19 pandemic on their businesses. The hospital sector has been one of the worse hit following the outbreak with many losing millions of dollars in the process. Many industry players closed down while others downsized…
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Give us tax reliefs to be competitive as AFCFTA commences – AGI
The Association of Ghana Industries is calling on the government to introduce a tax regime that would make local producers competitive especially with the commencement of the Africa continental free trade Area agreement (AFCFTA). Speaking to Citi Business News, Johnson Opoku-Boateng, Director of Business Development Service at AGI, says that the introduction of tax reliefs…
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GUTA to commence cross-border trading with Nigeria
The Ghana Union of Traders Association (GUTA) says its members will commence brisk business with Nigeria with the reopening of the country’s land borders. Speaking to Citi Business News, President of the Association, Dr Joseph Obeng, says the opening of the borders is timely for the business of its members. He stated that “It is…
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Vendors adopt innovative ways to sell off hampers during yuletide
The hamper business is one that is dominant during the Christmas season. Many people cash in big selling them because they are regarded as the ideal Christmas gifts. But what happens to the hampers when they are not all sold? The business has yet again picked up during this Christmas period. In Ghana, it has…
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Ghana can benefit from AfCFTA with hemp production – Business consultant
Business Consultant, Nataki Kambon, says Ghana stands to benefit immensely from the Africa Continental Free Trade Area Agreement (AfCFTA) if it can take advantage of the production of Indian hemp in the country. Parliament earlier this year passed a bill which allows for the cultivation of cannabis solely for industrial and medicinal use. Nataki believes…
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Parliament passes Anti-Money Laundering Bill 2020
The Anti Money Laundering Bill has been passed by Parliament. The Bill when assented to by the President is expected to plug the holes in the existing anti-money laundering regulatory framework and make it more responsive to international standards. Earlier this year, the EU Commission listed Ghana among 12 countries which now pose significant threats…
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Ghana can’t industrialise with green energy – GAEC’s Dr. Seth Debrah
Even though there have been a lot of calls for Ghana to switch to renewable energy, not everybody thinks it’s the way to go for the country’s industrialisation agenda. Acting Director of the Nuclear Power Institute at the Ghana Atomic Energy Commission (GAEC), Dr Seth Kofi Debrah, is one of such people. He says renewable…
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Extend operational hours of Kumasi Airport to maximise facility – Aviation analyst
Aviation analyst, Sean Mendis says beyond the expansion of the Kumasi Airport to international status, efforts have to be made to properly manage and utilize the facility to full capacity. According to him measures also have to be made to increase operational hours of the airport. He stated that, “While Ghana has made investments in…