Tag: Citi Business News
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End of the road for eight fund managers as official liquidator gazettes them
The Official Liquidator (OL) has gazetted eight additional fund management companies (FMCs) out of the 54 whose licenses the Securities and Exchange Commission (SEC) revoked. Two more companies, which have also been cleared, are going through the winding up and gazetting process. Their gazetting completes their journeys as corporate bodies. Those gazetted include UniSecurities Gh…
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Ghana’s debt stock hits GHS273.8 billion, crosses dreaded 70% debt-to-GDP mark
Ghana’s total public debt stock has risen by GHS54.8 billion in the first nine months of this year, hitting GHS273.8 billion as at the end of September 2020. Government is currently under pressure to slow down the rate of debt accumulation. The new debt figure pushes Ghana’s debt to GDP ratio to 71 percent, crossing…
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Ghana set to meet renewable energy target by 2030 – Bui Power CEO
The Chief Executive Officer of the Bui Power Authority, Fred Oware says Ghana is on course to attain its new goal of a 10 percent renewable energy in the country’s energy mix by 2030. Speaking to Citi Business News, Mr Oware indicated that with the rate of power being generated at the Bui Power Solar…
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Enforce safety standards to prevent gas explosions – COPEC to government
The Chamber of Petroleum Consumers-Ghana (COPEC) wants government and sector authorities to ensure that safety standards are adhered to at various fuel stations across the country. This is on the back of an explosion which occurred last week at a gas station in the Volta Region. Speaking to Citi Business News, Executive Secretary of COPEC,…
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NIC takes steps to end market fires
Commercial buildings including outlets and structures for markets will henceforth only be granted operating permits if they are given the needed clearance from the National Insurance Commission. According to the Commission, such a move is necessary to reduce to the barest minimum the occurrence of fire outbreaks at commercial centres. For years, the country has…
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Government must exempt tourists from paying $150 for COVID-19 test – Tourism Chamber
The Chamber of Tourism Industry Ghana is calling for persons who come into the country by air bearing tourist visas to be exempted from paying the $150 for the COVID-19 test. According to the Chamber, this will help encourage more persons to visit the country and in the long run increase patronage of tourist sites.…
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AfCFTA Secretariat to address dumping of substandard goods concerns of member states
The African Continental Free Trade Area (AfCFTA) Secretariat has hinted of plans to address concerns of standardization of goods and services by some member countries. The Secretariat says the various standardization authorities across the continent are collaborating to address the issue. Nigeria’s borders have long been closed over concerns of dumping of poor quality good…
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AfCFTA commences first meeting on trade and goods
The African Continental Free Trade Area (AfCFTA) Secretariat has begun its first meeting of the Committee on Trade and Goods. Concurrently, the subcommittee on Trade Facilitation Customs Cooperation and Transit is also meeting. In an interview with Citi Business News, Head of AfCFTA Affairs at the Customs Division of GRA, Fenchi Akoto, indicated that the…
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TOR can refine over 100,000 barrels of crude a day under good leadership – John Jinapor
Former Deputy Energy Minister, John Jinapor, says under proper leadership the Tema Oil Refinery (TOR) should be able to process in excess of 100,000 barrels of crude oil per day. Speaking at the Energy Manifesto Dialogue Organised by the Institute for Energy Security (IES), Mr Jinapor indicated that the NDC government has the know-how to…
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![Cane weavers lament difficulty in accessing raw materials [Video]](https://citibusinessnews.com/wp-content/uploads/2020/11/cane-weavers-e1605484300150.png)
Cane weavers lament difficulty in accessing raw materials [Video]
Woven canes in the form of tables, baskets, and wardrobes are some of the coveted forms of arts and crafts that can be found in various parts of the country. While there is hardly any data to estimate the value of the woven products on Ghana’s economy, the industry employs quite a number of people…