Tag: Citi Business News
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Hotel operators still recording low patronage despite reopening of airports
The Ghana Hotels Association says business is picking up but at a rather slow pace about four weeks down the line since international flights resumed operations in the country The country’s airports were reopened on September 1, 2020 after a lengthy shut down period as part of government’s COVID-19 preventive measures. Speaking to Citi Business…
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Borkams industrial and trading enterprise resolves issues with GSA
Borkams industrial and trading enterprise, a firm that deals in quality electrical cables, has resolved issues that led to its closure by the Ghana Standards Authority (GSA). Borkams, located at Agbogba in Accra and owned by a Ghanaian was accused of dealing in cables not certified by GSA. It was thus closed down in June…
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Our members didn’t file multiple applications for COVID-19 stimulus package – Hotels Association
The Ghana Hotels Association has rejected claims that its members submitted multiple applications for government’s COVID-19 stimulus package for businesses. Chief Executive Officer of the National Board for Small Scale Industries (NBSSI), Mrs. Kosi Yankey-Ayeh, had recently indicated that some hoteliers were submitting family names under the same business to access the fund in a…
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Global Cargo denies being owners of intercepted cocaine consignment at Tema
Global Cargo and Commodities Limited, the company cited in the recent 152kg cocaine intercepted at the Tema Harbour says it is confident it will be vindicated at the end of investigations into the bust. A statement issued by the Narcotics Control Commission (NACOC) named the company as the consignee of the shipment of sugar from Brazil…
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Incentivize vessels that dock at Tema and Takoradi ports – CMC appeals
The Cocoa Marketing Company (CMC) says it is in talks with the Ghana Ports and Harbour Authority (GPHA) to give rebates to vessels that dock at both the Tema and Takoradi ports. The company believes the discount will encourage more vessels that dock at the Tema port to also patronize the Takoradi port. Speaking to…
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GACL $3,500 penalty for airlines with passengers without PCR test outrageous – Chamber for Tourism
The Chamber for Tourism Industry Ghana has described a recent directive by the Ghana Airports Company Limited to various airlines flying into Ghana as a potential drawback to efforts being made to attract tourists to the country. Airport managers earlier this week indicated that airlines that fly passengers without PCR tests or disembark passengers with…
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Government to replant all swollen shoot affected cocoa farms – Nana Addo
The President, Nana Addo Dankwa Akufo-Addo, says Government is resolved to replanting all swollen-shoot affected farms in all the regions of cocoa cultivation, and, thereby, help improve the yield per hectare for all cocoa farmers. Speaking at the launch of Government’s Cocoa Rehabilitation Programme on Thursday, 24th September 2020, at Sefwi Wiawso, on day 1…
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Reduce imports to maintain stability of the Cedi – Alhassan Andani
The President of the Ghana Association of Bankers, Alhassan Andani is calling for more sustainable measures from the Bank of Ghana to ensure the Cedi’s recent stability continues into the medium to long-term. The currency has performed marginally well from January till now, compared with its peers on the continent. Out of some 15 key…
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Stanbic Bank supports COVID-19 fight with test kits donation to GHS
As part of its ‘All for One’ campaign, Stanbic Bank Ghana has delivered 3,008 units of COVID-19 Polymerase Chain Reaction (PCR) test kits and 3,072 units of Nucleic acid (RNA) extraction kits to the Ghana Health Service (GHS) to enhance its COVID-19 testing and early case detection capacity. This is the second round of test…
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Currency that never gains gets Ghana Central-Bank lifeline
Ghana’s cedi has weakened every year since at least 1994. Now the central bank appears to have drawn a line in the sand, ready to intervene should the currency slip out of the tight range it’s held since May. The Bank of Ghana has sold dollars in the spot and forward markets to stabilize the…