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Business

First Lady commissions first AGI office in China

First Lady Mrs. Rebecca Akufo-Addo, has commissioned the Association of Ghana Industry’s first liaison office in Qingdao, China. The opening of the AGI office, which was facilitated by the Belt and Road Collaborative Innovative Centre (BRCIC) of China, is expected to boost Chinese investment in Ghana especially towards the One-District-One Factory (1D1F) programme. In her remarks, the First Lady said the ...

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MTN promises improved services during Christmas and beyond

Ghana’s Mobile Telecommunications Network (MTN), has reassured its customers of unmatched services as Christmas draws near. The company’s acting Corporate Executive, Samuel Koranteng, said MTN is re-strategizing to upgrade its fiber optic by means of boosting the speed of its internet connectivity. He was addressing a group of journalists and bloggers in Tamale during the company’s annual Editors Forum. He ...

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Proposed ECG tariff reduction timely but…  – ACEP

The Africa Centre for Energy Policy (ACEP), has welcomed government’s proposed reduction of electricity tariff by between 13 and 21 percent for domestic and industrial consumers. According to ACEP, although the proposal is timely, it will put the Public Utility Regulatory Authority (PURC), the body mandated to consider the review, in a tight corner especially when the approved tariff does not ...

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New Juaben: Used-clothing sellers protest relocation exercise

Close to 100 aggrieved members of the Koforidua Second Hand Clothing Association, besieged the premises of New Juaben Municipal Assembly on Tuesday, to protest against the decision by the Assembly to relocate them to their original place after construction works have been completed. The aggrieved traders, who say relocating them to the new structures before the festive season will affect ...

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Port tariffs to go up in 2018

Citi Business News is learning that importers and exporters are likely to pay more on tariffs at the ports effective January 2018. This follows the revision of the various port tariffs by the Ghana Port and Harbours Authority (GPHA). Indications are that the charges will go up between 5 and 20% when the new tariffs are introduced. According to officials, ...

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Ghana, Denmark will build strong trade relations – Nana Addo

President Nana Akufo-Addo used his meeting with the Queen of Denmark, Her Majesty Margrethe II, to advocate for stronger trade and investment relations with Denmark. Referencing Ghana’s long history with Denmark, dating as far back as the 17th century, the President said “we are looking forward to developing those relations, and we hope your visit will help cement a new ...

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Black Friday discount deals hit 90% (Audio)

Majority of shoppers will experience some level of reduction in the prices of products they purchase from today [November 24, 2017] and into the weekend. It follows the roll out of the Black Friday by majority of retail giants as well e-commerce portals in the country. The move is expected to lead to discount deals of between 10 and 90 ...

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Private firms barred from lifting BOST’s contaminated fuel – Agyarko

Energy Minister, Boakye Agyarko, has told Parliament that no individual is now allowed to lift contaminated oil from Ghana’s Bulk Oil Storage and Transportation Company (BOST). This, he said, is part of interim measures to prevent the supply of contaminated fuel onto the Market following the BOST scandal where some 5 million liters of the contaminated fuel, was wrongly sold to ...

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District warehouses will give us relief – Export Promotion Authority

A Deputy Chief Executive Officer of the Ghana Export Promotion Authority, Akilu Sayibu, has lauded President Nana Akufo-Addo for the launch of the One-District One-Warehouse project. The project, according to Mr. Sayibu, will help exporters and potential exporters in terms of storage of their produce in the various districts. In an interview with Citi News, Mr. Sayibu explained that the ...

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Gov’t to merge adb, NIB into National Development Bank

Citi Business News has gathered that government is planning to merge the National Investment Bank (NIB) and the Agricultural Development Bank (adb) to form the National Development Bank announced in the 2018 Budget. Finance Minister, Ken Ofori-Atta during the presentation of the 2018 Budget in parliament last Wednesday announced that government will launch a National Development Bank to focus on the ...

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