Tag: Ghana Business News
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Consumers to ditch brands over low value for tech
A recent consumer survey has shown that brands may lose the trust of Ghanaian consumers if they fail to give value to their customers even as they adopt technology in the delivery of services. The latest Connected Life research by Kantar TNS also shows that even though consumers agree to the impact of technology, they…
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3 regions of the North least patronized by tourists – Report
Domestic tourism was lowest in the three regions of the North of Ghana in 2015, a report by the Ghana Statistical Service has shown. Together, the Northern, Upper West and East regions controlled only 12.1 percent of domestic tourism as at 2015. [contextly_sidebar id=”j6eVGUAalMzd7ZiBqsaKHqxeHMFOiNOf”]As a result, industry watchers have appealed for intensified efforts to attract…
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Transport tops expenditure for Ghanaian tourists
Ghanaian tourists spent the highest amount on transportation in 2015, the latest survey by the Ghana Statistical Service has shown. The survey indicated that the tourists (both domestic and foreign), spent 444 million cedis on transportation. In all, the survey indicated that the tourists spent a total of GH¢ 698.4 million on domestic tourism than…
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Energy bond accrues GH¢ 2.2 bn so far
The energy bond has accrued some 2.26 billion cedis so far. Citi Business News has gathered that the 7 year bond has accrued some 1.5 billion cedis while the 10 year bond has accrued about 760 million cedis. Some economists however believe the figure will increase by the close of today [Friday] when the auction…
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Ghana to lose cocoa lands to galamsey if …
The CEO of COCOBOD, Joseph Boahen Aidoo fears the country could lose a significant size of cocoa lands to galamsey activities if funds to improve the livelihoods of farmers delay any further. As a result, the Ghana COCOBOD has impressed on the African Development Bank (AfDB) to expedite processes in granting request for funding to…
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Govt to pay 17-19% interest on energy bond
Government may not be paying anything less than 17 percent in interest for the energy bond. At least this is the indication from managers of the bond following the announcement of their estimated interest rate for the energy bond. Lead managers of the bond, tell Citi Business News the target is also largely due to…
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Advertisers refute billboard fees arrears
The Advertising Association of Ghana (AAG) has clarified that its members do not owe the Accra Metropolitan Assembly (AMA) in fees for putting up billboards. According to the association, its members abide by the policies and instructions given them by AMA and thus disassociates itself from such assertion. The AMA, on Tuesday, October 24, gave…
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Energy bond auctioning extended
The closing date for the auction of the energy bond has been extended to Friday, October 27, 2017. This is a day ahead of the initial scheduled date of Thursday, October 26, 2017. Subsequently, the issuing date for the bond has been rescheduled to November 1, 2017. This also is a day ahead of the…
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Banks to cut back lending to energy sector
Banks are expected to tighten their lending to the energy sector soon. It will follow the repayment of the accumulated energy debt to the affected banks. Currently, bids are being accepted for the first tranche of the bond to raise 6 billion cedis. This is expected to close by Friday, October 27, 2017. But Economist…
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Gold prices push producer inflation up to 7.6%
The Producer Price Inflation (PPI) increased to 7.6 percent in September 2017. The figure went up by 1 percent from the 6.6 percent recorded in August 2017. The Producer Price Inflation measures the average change over time in the prices received by domestic producers for the production of their goods and services. The Acting Government…