Tag: Ghana Business
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HFC Bank joins Citi FM’s Heritage Caravan sponsors list
HFC Bank has joined the growing list of organizations that will be sponsoring Citi FM’s 2017 Heritage Caravan. The Heritage Caravan initiative which was recently endorsed by the Minister of Tourism, Arts and Culture designate, Catherine Afeku, will transport patrons to some of the most captivating parts of Ghana overflowing with history and culture. HFC…
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New Biz Dev’t Ministry to create 20 big companies in 4 years
The Minister Nominee for Business Development, Ibrahim Mohammed Awal, has announced an ambitious plan to create twenty big companies within the next four years. The companies are among other things expected to increase Ghana’s competitiveness in the global manufacturing space and create jobs for the teeming unemployed youth. According to Mr. Awal, Ghana’s underdeveloped value…
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Businesses still reel under high cost of utility, taxes – AGI report
High cost of utility still remains one of the major challenges confronting businesses in Ghana. This is according to the Association of Ghana Industries (AGI)’s 2016 fourth quarter business barometer report. According to the report, high cost of credit, multiplicity of taxes and cedi depreciation followed closely as top challenges for businesses. Comparing the third…
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Ghana ends first round of oral defence in maritime border dispute
Ghana has ended the first round of oral argument in the maritime dispute between it and Ivory Coast at the International Tribunal for the Law of the Sea ITLOS. Ghana’s new Attorney General, Gloria Akuffo, who led the legal team questioned Ivory Coast’s claims, despite a long standing agreement on their maritime boundary under their…
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Textile industry hopeful of business boom under new govt
Local textile manufacturers are anticipating a rebound in their operations following policies outlined by the Trade and Industry Minister, Alan Kyerematen. To this end, the manufacturers are hopeful they can face competition from imported textiles and pirated products. Among the key agenda for the NPP government is to make Ghanaian businesses more competitive with counterparts…
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Telecom operators kick against tax on mobile money
Telecom operators have strongly opposed any attempt by the government to tax mobile money services in the country. They argue that the move will be shooting down government’s efforts at achieving a cashlite economy. The Head of Mobile Money at MTN Ghana, Eli Hini speaking to Citi Business News on the matter said, “I think…
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Attracting tourists to Ghana: Minister Nominee advocates pool flights
The Minister Nominee for Tourism and Creative Arts, Catherine Ablema Afeku has proposed charter flight services among international airlines to reduce the cost of airfares in Ghana. In her view, tourists to Ghana should be paying relatively less for flight services since the high demand will drive down cost. The high cost of air ticket…
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Hearing for Ghana, Ivory Coast border dispute starts today
The public hearing in the dispute concerning delimitation of the maritime boundary between Ghana and Côte d’Ivoire in the Atlantic Ocean (Ghana/Côte d’Ivoire) opened today Monday, 6th February 2017. The hearing is expected to last for eleven days [February 6 to February 16, 2017]. The first round of oral arguments is scheduled for Monday February…
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Funding mortgages: NPRA to allow Tier 2&3 funds by end of year
The National Pensions Regulatory Authority (NPRA) has disclosed to Citi Business News that workers should be able to access mortgage loans with their tier 2 and 3 pension benefits by the end of this year. It follows numerous reservations by some players in the mortgage industry that the Authority has not worked satisfactorily to get…
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IMF to get tough over GH¢7bn expenditure gap – Economist
Ghana risks being penalised by the IMF over the unaccounted 7 billion cedis in government’s accounts. This is the assertion of Economist, Dr. Lord Mensah. The caution follows the visit by a team from the IMF for a review of the deal. “Well, there’s a possibility that IMF will sanction our country because look at…