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Minister charges new Trade Fair Board to revamp facility

Posted: October 12, 2017 at 10:45 am   /   Business, Editor's Choice, Politics

Minister for Trade and Industry, Alan Kyerematen has stated that government will work to revamp the Trade Fair Centre. According to him, the current state of the facility is a major concern for government and plans are far advanced to re-develop it. The Trade Fair Centre has been hit with numerous challenges with the major […]

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Workers on the Kejetia market project to lay down tools following threats

Posted: October 12, 2017 at 10:37 am   /   Business, Editor's Choice, Security

Construction work on the Kumasi Kejetia Central Market Redevelopment Project could be heading for delays over a litigation between a private developer and project contractors. The Brazilian firm, Contracta Engineering, says its work is being interrupted by a private developer whose structure interferes with re-engineered road and drainage systems. Officials say the lives of workers […]

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ADB gets new Board

Posted: October 11, 2017 at 9:53 am   /   Business, Editor's Choice, Politics

Citi Business News can confirm the board of ADB has been reconstituted. A statement from the Bank to the Ghana Stock Exchange said the reconstitution takes effect from the first of August this year. According to the statement the nine member board is chaired by Mr. Alex Bernasko. The Vice Chairman of the board is […]

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We’re building strong tourism industry – Bawumia

Posted: October 10, 2017 at 3:12 pm   /   Business, Editor's Choice, Politics, Travel & Tour

Vice President Dr Mahamadu Bawumia, has said the government is collaborating with foreign investors in other sub-Saharan African countries to invest in the tourism sector in Ghana. In addition to this, he said the government is creating the enabling environment for the investment to thrive. Speaking at the World Tourism Forum in Accra on Tuesday […]

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Register with GEPA or lose funding – EXIM Bank CEO to exporters

Posted: October 10, 2017 at 12:15 pm   /   Business, Editor's Choice

Exporters who do not register with the Ghana Export Promotion Authority(GEPA) risk losing financing from the EXIM Bank, the CEO of Exim bank, Lawrence Agyensem. The Bank was set up by an Act of Parliament, Act 911, in 2016 to help support and develop directly or indirectly trade between Ghana and other countries and build […]

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Trade Ministry introduces new strategy to eliminate constraints in corporate sector

Posted: October 10, 2017 at 12:04 pm   /   Business, Editor's Choice, Politics

A three-year Business Regulations Strategy (BRS) aimed at eliminating constraints, modernising the legal and regulatory systems to promote faster growth, job-creation and economic prosperity in the country’s corporate sector is being developed. The strategy, spearheaded by the Ministry of Trade and Industry, in collaboration with other Ministries, Departments and Agencies, is designed to be systemic […]

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Foreigners drive out Ghanaians from pharmaceutical industry

Posted: October 10, 2017 at 12:00 pm   /   Business, Editor's Choice, Health

Indigenous pharmaceutical companies are on the verge of extinction as global pharmaceutical companies terminate distribution contracts and hand the contracts to companies said to be foreign distributors operating in Ghana. Data compiled indicates that the market has grown to $522m in 2014 at a growth rate of 54% in cedi terms and 10% in US […]

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Avnash company CEO commends gov’t for economic stability

Posted: October 10, 2017 at 11:25 am   /   Business, Editor's Choice, Politics

  Chief Executive Officer of one of the biggest rice processing factories, Avnash Company Limited at Nyankpala in the Tolon district of the Northern Region, Jai Mirchandani, has commended government for sustaining the nation’s economic stability so far. According to him, government’s ability to bring interest rates down coupled with the inflow of foreign direct […]

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KATA Solar partners CSIR to improve energy supply

Posted: October 9, 2017 at 3:24 am   /   Business, Editor's Choice, LifeStyle

Deputy Minister in-charge of Renewable and Alternate Energy, William Owuraku Aidoo, has called on Ghanaians to take advantage of energy from the sun, and embrace the use of solar in the supply of power, for both domestic and commercial use. According to William Owuraku Aidoo, solar is a cheap source of energy, which has been […]

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NCA to hit harder at 7 radio stations after ‘final warning’ on Monday

Posted: October 9, 2017 at 3:18 am   /   Business

The Ministry of Communication says it will move forcefully on seven radio stations whose authorisations have been revoked but are still broadcasting after Monday, October 9. The National Communications Authority (NCA) last week published the names of 131 FM stations it has sanctioned for violating various aspects of the Electronics Communications Act (2009), Act 775. The NCA, […]

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