Business

Akufo-Addo commissions 3G voice and data site

President Nana Addo Dankwa Akufo-Addo has commissioned the first site of the Rural Telephony and Digital Inclusion Project, at Atwereboana in the Adansi South District, in the Ashanti Region. Commissioning the Site on Wednesday, 4th November 2020, President Akufo-Addo explained that the purpose of the Telephony Site is to ensure the provision of basic voice and data connectivity to underserved ...

Read More »

President Akufo-Addo cuts sod for US$330 million Boankra Inland Port

President Nana Addo Dankwa Akufo-Addo, has cut the sod for the commencement of work on the US$330 million Boankra Integrated Logistics Terminal project, popularly referred to as the Boankra Inland Port Project, which has been on the drawing board for some eighteen (18) years. The idea of the Boankra Integrated Logistics Terminal project has been in the pipeline since the ...

Read More »

Coronavirus: Tourism Chamber calls for reduction of US$150 KIA testing charge

The Chamber for Tourism Industry has urged government to decrease the US$150 charge for COVID-19 testing at the Kotoka International Airport (KIA). According to the chamber, the reduction will go towards revitalizing Ghana’s tourism sector which has not been spared the wrath of the pandemic. Chief Executive of the Chamber, Prince Ntiamoah Boampong speaking to Citi Business News said government ...

Read More »

Coronavirus: Airlines unable to cut costs deep enough to save jobs – IATA

The International Air Transport Association (IATA) presented new analysis showing that the airline industry cannot slash costs sufficiently to neutralize severe cash burn to avoid bankruptcies and preserve jobs in 2021. IATA reiterated its call for government relief measures to sustain airlines financially and avoid massive employment terminations. IATA also called for pre-flight COVID-19 testing to open borders and enable ...

Read More »

Plans to transfer AirtelTigo shares to govt at final stages

The Government of Ghana and AirtelTigo have begun the final stages of discussions concerning the transfer of AirtelTigo shares to the government along with all its customers, assets and agreed liabilities. The transaction would be concluded by the execution of definitive agreements shortly after which the government would temporarily operate the asset in the best interest of the nation. The ...

Read More »

Vegetable growers cautioned to apply prescribed agro-chemicals

Expert in agricultural sustainability has cautioned vegetable growers in some parts of the country on the exact agro-chemicals to apply in their quest to boost yields. Although chemical application to boost yields was not wrong, it could pose negative reactions to the crop yields if the applied chemical lacked the right quality. Nene Ashaley Adjabeng, Chief Farmer for Anum Apapam ...

Read More »

Ghana records US$785.62 million FDI in 2020 half year

Ghana has recorded total investments of US$869.47 million, with total Foreign Direct Investment (FDI) value amounting to US$785.62 million between January to June 2020. Mr Yofi Grant, the Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC) at a press conference on FDI Half-Year Investment, said the FDI inflow showed rare strength in the final moments of the second quarter ...

Read More »

West Africa hard pressed to expand cocoa market share

Ghana and Ivory Coast account for two-thirds of the world’s cocoa supply, but unlike oil-producing countries, they are unable to influence prices that are historically too low to meet the basic needs of small planters. “They could decide the market prices – above all if they allied themselves with other major producers like Ecuador, Cameroon and Nigeria; but there’s a ...

Read More »

Ofori-Atta pleads with rich countries to extend suspension on debt servicing

Finance Minister Ken Ofori-Atta is calling on rich countries to consider extending the moratorium on debt servicing from poorer countries. Mr. Ofori-Atta made this call as he ended his tenure as chairman of the joint ministerial committee of the boards of governors of the World Bank and the International Monetary Fund. The Finance Minister urged the G-20 countries to not only extend ...

Read More »