GRA, Ghana Link begin refresher training of stakeholders on ICUMS
Ghana Link Network Services Limited in collaboration with the Customs Division of the Ghana Revenue Authority has begun another round of refresher training for users of the Integrated Customs Management System. The Chairman of the ICUMS implementation team and also the Sector Commander of James Town Collections of Customs - Division of GRA, AC Emmanuel Ohene who spoke to the media disclosed that the refresher training has become necessary to help update and also bring users of the ICUMS up to speed with new developments in the system.
Former president of ECOWAS Bank for Investment and Development dies
Bashir Mamman Ifo, the immediate past president of the ECOWAS Bank for Investment and Development passed on in Lomé on Monday. In the course of his career at the Bank, Mr. IFO served in various positions, namely, Director of Treasury; Director of Finance ECOWAS Regional Investment Bank; Acting MD of ERIB; and Vice-President of Finance and Corporate Services.
Upstream Petroleum Chamber calls on Petroleum Commission
The Ghana Upstream Petroleum Chamber has called on the Chief Executive Officer of the Petroleum Commission and his management team to present a position paper on the relationship between the PC as a regulator and the Upstream Petroleum Companies. The Chief Executive Officer of the Petroleum Commission, Egbert Faibille said "Petroleum Commission's doors are always open to the Chamber to discuss issues and find possible solutions that are mutually beneficial to all parties."
Census to take place in April, May 2021
The much anticipated 2020 population and Housing Census will finally take place between April and May next year, the Ghana Statistical Service has revealed. The GSS assured all stakeholders and the public that the service is committed to conduct the Census in April to May 2021.
World Bank to support government with $200 million to empower micro enterprises
The World Bank will be supporting government with $200million to empower micro enterprises and enhance skills of entrepreneurs, as part of the economic recovery from covid-19 crisis. World Bank Country Director, Pierre Laporte, for his part said the World Bank will continue to support Ghana and developing countries during this challenging time.
AU set to usher quota-free trade regime by January 2021
The African Union has stated that effective on January 1, 2021, it will usher in duty and quota-free trade regime under the Africa Continental Free Trade Area. The free trade initiative is expected to cover 1.2 billion markets in several countries associated with the Union.
Centre of Awareness spends ¢10 million to improve COA FS now COA mixture
The Centre of Awareness has spent ten million Ghana cedis to improve COA FS now COA mixture. "Nana Chairman, distinguished ladies and gentlemen, on the 10th of September, 2020, the FDA gave us market authorisation to market COA FS as COA mixture since it is no more registered as a food supplement but now a herbal medicine for general well being," he disclosed in his speech.
Events & Meetings Professionals Association optimistic of pick-up of business by December
The Events and Meetings Professionals Association of Ghana is optimistic business will pick-up at the extreme end of the year. "Of course some events have been canceled completely and that's a loss for us in our books but we believe that others will pick up and by December we should have a busy end of year," she stated.
Egypt Air to partner government to establish new national carrier
Egypt Air is reported to have been chosen as the preferred partner in the establishment of a new home base carrier for the country. Ghana in 2018 signed an MOU with Ethiopian Airlines to establish a national carrier.
Used fridge importers to hit the streets if government fails to reconsider ban
Dealers in used refrigerators are planning to hit the streets in protest if the government does not reconsider its ban on used fridges. The Ghana Association of Importers and Sellers of Used Fridges says the ban has rendered over 100 thousand people jobless.
Inflation to return to central target of 8% by quarter two 2021
The Central Bank emphasised that subdued global inflation and well anchored inflation expectations are also some of the factors that should help push inflation towards the medium-term target band in the outlook. The Central Bank's survey of inflation expectations pointed to heightened inflation expectations within the period of May to August 2020 which was mainly attributed to the impact of the two panic buying episodes on price expectations.
Government saved over $16.8m in local production of PPEs
The Deputy Minister for Trade, Mr Robert Ahomka-Lindsay has stated that the local production of Personal Protective Equipment has saved the country over $16.8 million in foreign exchange. Providing an update on the Covid-19 response program by government, the Deputy Trade Minister said that the country's trade deficit has been improved since there was no need for the importation of PPEs.
Executive Chair of ADK Consortium, Michael Krakue conferred with Gold Award
Executive Chairman of ADK Consortium Michael Krakue has been conferred with the Gold Award at the just ended Ghana Business Leaders Award. ADK Consortium is an engineering consultancy firm which was originally established in 1972.
Agroecom wins 'Outstanding Commodity Trading Company' award
Agroecom Ghana Limited, has been adjudged the 'Outstanding Commodity Trading Company of the Year' at the Ghana Business Standard Awards, which took place at the Mövenpick Ambassador Hotel on Friday. Over a period of seven years, the company has trained over 140,000 smallholder cocoa farmers, provided close to 30 million high tech cocoa seedlings to these farmers and pruned over 10,000 cocoa farms in the last three years.
How to avoid impulse buying and emotional purchases
My client's reasoning for buying these was that she knew she had a lot of photos to eventually hang and the frames were in a color she liked. The next time impulse buying tempts to make a purchase, pause for a moment, and consider the five Ws:.Who will use it?
NPA dismisses all 5 grievances of Tanker Drivers Union
The five concerns raised by the Tanker Drivers Union are the need for the NPA to approve the 86 Gas Filling Station outlets, alleged Police harassments at check points, non-compliance to Oil Loss Control manual, Tanker Drivers' remunerations and the issue of Covid-19 Fund. "It is therefore surprising for the union to accuse the NPA and for that matter Samuel Asare - Bediako of instructing the police to harass tanker drivers in transit. The Security and Intelligence Unit of the NPA upon receipt of intel on this alleged harassment engaged the concerned Regional Police Commanders on this matter."
Ghanaian enterprises should be frontline actors in AfCFTA
President Nana Akufo-Addo has reiterated government's commitment to assisting Ghanaian enterprises to take advantage of the coming into force of the African Continental Free Trade Area. "Empowered Ghanaian enterprises should be frontline actors of this new, exciting journey in Africa's economic history. We owe it to generations unborn to ensure that the biggest trading bloc on the globe, whose outcomes will be rewarding to all Africans, and which will assist in attaining the 'Africa We Want, does not falter," he added.
NABCO trainees assured permanent Jobs
The NABCo beneficiaries have lauded government's assurance of permanent jobs. National President for the Association of NABCO Trainees, Dennis Opoku Katakyie, said they petitioned to permanently employ all NABCo trainees.
Policy rate to remain at 14.5% till Quarter 2 2020
The policy rate- the rate at which commercial banks borrow from the Bank of Ghana- will remain unchanged at 14.5%, at least until after the first quarter of next year, Fitch Solutions has disclosed. "Interest rate decisions in Ghana could come, that's of course, till then the Bank of Ghana will holds rate steady. The most recent inflation is still outside of the Central Bank's target so we would expect that ratings will hold for some time being".
AfDB's second virtual business opportunities seminar of 2020, draws 250 global partners and suppliers
The African Development Bank hosted it's second virtual business opportunities seminar in 2020 on 13 and 14 October. In an opening address, Valerie Dabady, a Manager in the Bank's Resource Mobilization and Partnerships Department, welcomed participants, highlighting the opportunities the seminar provides to external partners eager to know more about the Bank's processes and procedures, as well as to strengthen virtual networks.