Tag: Ghana Business News
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![One woman’s quest to transform Ghana’s cashew sector [Article]](https://citibusinessnews.com/wp-content/uploads/2021/04/cashew-processor.jpg)
One woman’s quest to transform Ghana’s cashew sector [Article]
As part of its plans to develop the agriculture sector, the government informed Ghanaians last year, that the nation will be adding more cash crops to cocoa, which grants it an annual revenue of $2.3 billion. The Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto mentioned cashew, rubber, coconut, mango, shea, oil palm and…
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GUTA to meet AMA over forceful take-over of electrical stalls at Opera Square
The Ghana Union of Traders Associations (GUTA) intends to later today, meet with officials of the Accra Metropolitan Assembly (AMA) over Monday’s demolition exercise and take-over of stalls at the Opera Square in Accra. GUTA says the meeting is to unravel circumstances leading to the siting of some containers by an unknown private developer possibly…
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Fuel prices likely to remain unchanged in April – IES
Consumers should be able to heave a sigh of relief as the price of fuel at the various pumps for the first pricing window in April 2021 is expected to remain unchanged. This is according to the Institute of Energy Security (IES). IES in a press statement indicated that the 2.05% decrease in the price…
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Promoting made-in-Ghana goods: Entrepreneurs share challenges with leading supermarkets
Ghana is one of the top producers of shea butter in the world. Ironically, the nation has not been able to successfully create beauty and cosmetic products out of its shea butter. In June 2019, the research firm Konfidant, released a report that over 90% of products within the Beauty and Cosmetics industry in Ghana’s…
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Automate IGF streams to achieve revenue target – Prof. Quartey
In order for government to achieve its set revenue target for the year 2021, it must ensure the automation of all domestic revenue mobilization streams. This is according to Professor Peter Quartey, the Head of Economics Department, Institute of Statistical, Social and Economic Research (ISSER), University of Ghana. According to him, ensuring efficiency in tax…
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#GhBudget: Business owners share their expectations
As the country prepares to listen to the first budget presentation of President Akufo-Addo’s second term in office, various players in the Service, Industry and Agriculture sectors, are looking forward to interventions and policies that will protect their interests. Eyetcha Ocloo is the founder of The Shop Accra, a company that grants over 300 local…
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Stakeholders at ports call for punitive regulatory regime to check unregulated charges
Stakeholders at the countries ports including importers and exporters along with freight forwarders, say the need for a clear regulation of activities at the ports, is an issue that needs to be addressed or touched on in the upcoming budget reading on Friday. For months now, these stakeholders have been agitating and using all channels…
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Dr. Okonjo-Iweala’s WTO appointment good for Africa’s trade – FBNBank MD
The Managing Director and Chief Executive Officer of FBNBank Ghana Limited, Victor Yaw Asante has stated that the appointment of Dr. Ngozi Okonjo-Iweala as Director-General of the World Trade Organisation (WTO) coming at a time when AfCFTA is being rolled out across the continent is a good sign for Africa’s trade. Speaking to participants at…
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Estate developers lament exponential increase in prices of building material
Building contractors in the country are lamenting the continuous toll the price hike on building materials is having on their business. As the demand for houses increases, the COVID-19 induced restrictions have had a negative toll on the construction industry. This has been widely attributed to the exponential increase in construction materials which are mostly…
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IGP directs police to protect tomato importers travelling to Burkina Faso
The Inspector-General of Police, James Oppong-Boanuh has directed the deployment of armed police officers to provide escort services for tomato traders and transporters who travel to neighbouring Burkina Faso to import the commodity. This comes after the Tomato Traders and Transporters Association declared a strike because of lack of concern for the security of its…