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Tag Archives: Ghana Business

9 things every young entrepreneur must know in 2018 [Article]

Whether you are an Entrepreneur or desire to be one by chance or choice, driven by impact or profit, there are a number of things that are crucial to the growth of your Business or Ideas. These nuggets, in my opinion, represent what could change the face of doing business in Africa for Young Entrepreneurs. 1. Focus Every Entrepreneur will ...

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Wenchi to be transformed into business hub – MCE

The Municipal Chief Executive (MCE) for Wenchi, Dr Prince Kwakye Afriyie has said he is taking steps to transform the municipality into a business hub and is therefore prioritizing the construction and rehabilitation of major roads in the area to facilitate movement of goods. He emphasized that the government was creating the enabling environment for both  businesses to thrive and ...

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China ready to support Ghana’s transformation agenda – China Veep

China is prepared to partner Ghana to undertake a massive transformation of the country, Chinese Vice President, Li Yuanchao, has announced. He said China stood ready to pass on knowledge, expertise and assistance to Ghana to facilitate the transformation agenda of the Akufo-Addo government. The Chinese Vice President disclosed this during a State Reception for his Ghanaian counterpart, Dr Mahamudu ...

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Bawumia leaves Ghana for Mauritius

The Vice President, Dr. Mahamudu Bawumia has left Ghana for Mauritius to attend that country’s National Day Celebrations as a special guest. His three day stay in Mauritius will see him hold bilateral talks with Her Excellency Mrs Ameenah Gurib-Fakim, President of Mauritius, Pravind Kumar Jugnauth, Prime Minister and other senior officials of the Mauritius government. The aim of the ...

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Producer inflation drops sharply to 4.9 percent in December 2016

The producer price inflation for December 2016 fell to 4.9 percent from the 11.9 percent in November, the Ghana Statistical Service has stated. By this, the ex-factory prices of goods and services for all industry increased on average by 4.9 percent in December 2016 relative to the price level recorded in December 2015. However compared to November 2016, the PPI ...

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New housing fund to subsidize cost of houses

The Minister nominee for Works and Housing, Samuel Atta Akyea has stated that the NPP government will introduce a housing fund to subsidize the cost of housing for low income earners. According to him, financing is one critical factor that has impeded Ghana’s efforts at reducing the widening housing deficit. Mr. Atta Akyea also believes the high cost of housing ...

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Abolish 15 percent capital gains tax – GSE to NPP

The Ghana Stock Exchange (GSE) has impressed on the incoming NPP government to abolish the capital gains tax when it finally assumes power in 2017. According to managers of the market, the continuous imposition of the tax is a disincentive for investors and has also adversely affected the market. “Our particular worry is that even within West Africa, Nigeria has ...

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Christmas buzz missing in major markets in Accra [Audio]

With barely two weeks to Christmas day it appears the buzz that usually surrounds the holiday season is missing this time round. A visit to some major markets in Accra show business activities are yet to pick up a week after the country’s general and parliamentary elections. Checks by Citibusinessnews.com at the Dome market in Accra reveal that despite the usual ...

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Dollar auction may least control cedi depreciation – Economist

As the Bank of Ghana prepares to commence its first dollar auction to banks through a competitive bid, some financial observers have stated that the regulations guiding the process may put excess pressure on the banks. “You could clearly that the move by the central bank is to try to influence the banks’ rate in terms of the forex rate ...

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Baker Hughes, Fidelity, GTP to lay off 460 workers

Despite the alarming unemployment rate in the country, companies continue to lay-off workers in large numbers, a reflection of how businesses are struggling to survive in a challenging economic environment. About 460 workers are being retrenched by three different organisations in the last quarter of 2016. Investigations by The Finder newspaper indicate that, Baker Hughes Ghana Limited, a top-tier oilfield ...

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