Tag: Ghana Business News
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COVID-19 continues to be disruptive, but we need to be optimistic – FBNBank MD
Many businesses and industries continue to struggle to manage through the COVID–19 pandemic. The partial lockdown early last year compelled many businesses to stop operating or to significantly cut back on operations, while those that were operating were faced with the challenges of securing inputs, customers attrition and reduction in demand for their products and…
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Databank withdraws from Agyapa deal as transaction advisor
Investment and brokerage firm, Databank has withdrawn its services as a financial advisor in the Agyapa royalties deal. The firm together with Imara Holding Limited jointly served as transaction advisors for the monetization of Ghana’s gold royalties through the dual listing of the Agyapa Gold Royalties Company on the Ghana and London Stock Exchanges. Databank…
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Permits issued for importation of maize to feed poultry – Agric Ministry
Press Secretary to the Minister for Agriculture, Issah Alhassan, says the sector minister has issued permits to some poultry farmers to enable them import maize to feed their birds amidst a shortage in poultry feed in the country. Issah Alhassan said on the Citi Breakfast Show that the ministry anticipated an increase in maize production…
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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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International tourism in Ghana likely to dip by 64% – GTA report
Ghana is likely to record a 64% drop in the number of international tourists travelling into the country by the end of the year. This is according to figures and projections made available by the Ghana Tourism Authority (GTA). In 2019 the country received a total of 1.1 million international tourists, however as at October…
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NPA boss, Hassan Tampuli heads to Parliament with landslide victory in Gushegu
The Chief Executive Officer of the National Petroleum Authority (NPA), Hassan Tampuli has annexed the Gushegu parliamentary seat in the Northern Region for the New Patriotic Party. Mr. Tampuli polled a total vote of 30,401 against 28,055 votes by Mohammed Yussif Malimali of the National Democratic Congress (NDC). Out of the 58,706 total valid vote…
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Akufo-Addo launches pension scheme for cocoa farmers
President Nana Addo Dankwa Akufo-Addo, on Tuesday, 1st December 2020, launched a pension scheme for the country’s 1.5 million cocoa farmers. According to President Akufo-Addo, “the Pension Scheme will enable cocoa farmers to make voluntary contributions towards their retirement, whilst COCOBOD makes a supplementary contribution on behalf of the farmers as well.” This, he explained,…
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GTA’s IGF quadrupled after digitization of its revenue system – Bawumia
Vice President Dr. Mahamudu Bawumia says digitizing revenue collection at the Ghana Tourism Authority, saved the Agency four times the revenue it ordinarily makes. Speaking at the 12th and last edition of the Nation Builders Update at Cedi Conference Centre at the Department of Economics, Legon, the Vice President informed Ghanaians that most state agencies…
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Registrar-General to meet customers of defunct FMC’s on Thursday
The Registrar-General, Jemima Oware is organising virtual investor class meetings for customers of defunct fund management companies today, Thursday, November 26, 2020. Today’s meeting will commence at 9 am. The virtual meeting is being organised to discuss government’s bailout plan for investors of the various defunct fund management firms. Today’s meeting comes a day after…
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Artisans at Arts Centre want $150 COVID-19 test reduced ahead of yuletide
Artisans at the Arts Centre in Accra, one of Ghana’s top shopping hubs for tourists, are worried that they may record low sales this festive season due to the coronavirus pandemic. According to them, the $150 charged travellers for COVID-19 testing at the airport has deterred potential travellers from coming into the country, depriving them…