Business News Summaries for September 25, 2021
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Education Minister inaugurates Boards of CTVET, NASIA and five others
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Education Minister inaugurates Boards of CTVET, NASIA and five others


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The rest are the Ghana Communication Technology University, Accra Technical University Council, and the Student Loan Trust Fund.Speaking at the swearing-in of the Board of CTVET, Mr. Adutwum said the development of TVET remained high on Government's education reform agenda as it was key to the development of the country.

The boards are made up of representatives of the various stakeholders including the University Teachers Association of Ghana, Alumni, GTEC, Government nominees, public and private education institutions, security agencies and industry players.


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Stakeholders encouraged to sustain successes chalked by Ghana's cocoa sector
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Stakeholders encouraged to sustain successes chalked by Ghana's cocoa sector


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He said to achieve these, stakeholders especially the farmers, must work hard, and in collaboration with the COCOBOD and the quality control Company to sustain the production of premium quality cocoa beans that Ghana was noted for.

Among the topics discussed at the Conference were quality concerns, good warehousing practices, and maintaining quality in storage, shipping advice and processes, digitization of payments in cocoa operations, and funding opportunities.


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GEPA ready to provide more support to artisanal chocolate producers
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GEPA ready to provide more support to artisanal chocolate producers


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The CEO said it was the joint vision of GEPA and Know Your Cocoa Foundation that the ACCE would grow to become a truly African premier and dedicated show for the cocoa value chain, which would be able to rival all other Expos in its category globally.

The Minister urged GEPA to sustain the event and make it an annual Ghanaian event on the international calendar for Cocoa and Chocolate enthusiasts.


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Ghanaian farmers enjoying better life under Akufo-Addo
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Ghanaian farmers enjoying better life under Akufo-Addo


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Planting for Food and Jobs is a flagship agricultural Campaign of the Government, with five implementation modules.

The first module PFJ aims to promote food security and immediate availability of selected food crops on the market and also provide jobs.


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Joyce Aryee urges insurance practitioners


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The new advanced diploma holder members can now use the designatory title 'Associate of the Chartered Insurance Institute of Ghana', while the new fellows are also now allowed to use the title 'FCIIG'.

The admission of the new members brings the institute's total members to 1,136 members, out of which 66 are Fellows, 464 are Associates, 71 are Diploma members, 74 are affiliate members, and 461 are student members.


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Canada-Ghana Chamber promotes B2B network among members
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Canada-Ghana Chamber promotes B2B network among members


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According to the Executive Board of the Chamber, the move is aimed at giving much value to businesses especially members of the Chamber to bounce back from the COVID-19 pandemic and grow their businesses.

President of the Canada-Ghana Chamber, Alexander Nortey, indicated that more often when a member is in need of a particular service, there may be another member who is providing the exact service but without the internal networking, members may be unaware and go searching elsewhere.


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Entity Tender Committees must be strengthened to have procurement plan


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For him, strengthening them to have future procurement plans will go a long way to help the institutions.

Addressing issues of corruption in procurement processes, Prof. Aryee said measures have to be put in place to reduce human contact which is a major contributive factor to procurement breaches.


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FDA to establish courts to prosecute sub-standard drug dealers
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FDA to establish courts to prosecute sub-standard drug dealers


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To consolidate the gains made, she said, the FDA had heightened surveillance at ports of entry which had led to the seizure and safe disposal of many of such fake products.

She appealed to all stakeholders to support the FDA by reporting any suspicious activities involving SF medical products as the Authority sought to bring the menace to an end.


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Government focused to stimulate recovery of economy


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Appealed to the public to embrace the Government's COVID-19 vaccine roll-out for it to achieve the end-of-year coverage target of 20 million people, to expedite the country's economic recovery plan.

Speaking at a media briefing in Cape Coast as part of his working tour to the Central Region on Thursday, Mr. Oppong Nkrumah underscored the importance of a fully vaccinated population in building a strong robust economy.


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'No taxis allowed' policy at state institutions, others causing us to lose business
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'No taxis allowed' policy at state institutions, others causing us to lose business


Summary short_text

Sharing some benefits of taxis over ride-hailing services, he stated that fares charged by taxis are fixed whereas prices of ride-hailing services fluctuate.

There are a lot of regulations and fees that taxis have to go through to operate that ride-hailing services do not.


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BizTech: The Ghanaian tech developer seeking to unite cryptocurrency traders
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BizTech: The Ghanaian tech developer seeking to unite cryptocurrency traders


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A Ghanaian tech developer, Benjamin Anderson is seeking to unite cryptocurrency traders in Ghana and across the world using its secured escrow system on an application called; MyBitStore.

Taking his turn on GhanaWeb TV's BizTech segment, Anderson said the Ghanaian cryptocurrency trading market has a huge potential for the buying and selling of cryptos.


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Tobacco farmers lament poor sales over closure of borders
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Tobacco farmers lament poor sales over closure of borders


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The livelihoods of about 200 tobacco farmers and traders at Mpakadan, a farming community in the Eastern Region are at stake following the closure of Ghana's borders and restrictions on movement.

President Akufo-Addo in March 2020 announced the closure of the borders as one of several measures to combat the coronavirus pandemic but the farmers say their businesses are crumbling as a result of the 18-month long closure.


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Shipping lines must abide by regulations LI 2190
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Shipping lines must abide by regulations LI 2190


Summary short_text

He said while the various institutions within Ghana's shipping industry avail their tariffs for vetting and regulating by the Ghana Shippers' Authority, the shipping lines on the other hand did not adhere to the regulations.

He also bemoaned some administrative practices by the shipping lines operating in the country, stressing that if he unloads a container on Saturday, and could not return the empty box to the shipping lines as they do not work on weekends even though the Customs Division of the Ghana Revenue Authority works throughout, you will still be charged.


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Shipping lines must abide by regulations LI 2190
Image source: GhanaWeb

Shipping lines must abide by regulations LI 2190


Summary short_text

He said while the various institutions within Ghana's shipping industry avail their tariffs for vetting and regulating by the Ghana Shippers' Authority, the shipping lines on the other hand did not adhere to the regulations.

He also bemoaned some administrative practices by the shipping lines operating in the country, stressing that if he unload a container on Saturday, and could not return the empty box to the shipping lines as they do not work on weekends even though the Customs Division of the Ghana Revenue Authority works throughout, you will still be charge.


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IT hub holds stakeholders' meeting on improving digital economy
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IT hub holds stakeholders' meeting on improving digital economy


Summary short_text

The engagement was also to create the platform for the stakeholders to discuss the potentials and opportunities, the gaps, challenges, strategies, and policies for transforming the local economy through mobile applications.

The Regional Minister, thus, said the complementary role of the private sector such as Yison Tech Hub is very critical in the development and training of the youth in the mobile application.


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Govt committed to revamping Bibiani mines


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Inspecting the mine's plant as part of his Western North Regional tour yesterday, Minister of Lands and Natural Resources, Samuel Abdulai Jinapor, said the government would offer the necessary support to make the mines profitable.

In his presentation, the Chief Operating Officer of the Bibiani Gold Mine, Dave Anthony, said the project would provide employment to about 300 more workers to the already 138 engaged since August this year.


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BoG to hold 102nd MPC press briefing on Monday
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BoG to hold 102nd MPC press briefing on Monday


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The MPC started its 102nd meeting on September 22, 2021 and concluded Friday, September 24.

The Monetary policy Committee is responsible for initiating proposals for the formulation of the monetary policies of the bank; and providing the statistical data and advice necessary for the formulation of monetary policies.


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Small and Medium Forest Enterprises trained on harvesting requirements
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Small and Medium Forest Enterprises trained on harvesting requirements


Summary short_text

The workshop, which was put together by the Kumasi Wood Cluster Association and Preferred by Nature, a Non-Governmental Organisation was attended by 30 participants drawn from the high forest zones of Ghana.

Officials from the Forest Services Division, Resource Management Support Centre, and the Timber Validation Department of the Forestry Commission were on hand to take the participants through requirements for harvesting timber.


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Bilateral trade with India leaps to 26% in a decade
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Bilateral trade with India leaps to 26% in a decade


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Trade value stands at US$4.5bn between Ghana and India.

Though bilateral relations between the two countries begun since independence, current relations between Ghana and India had since thrived, resulting in huge trade and development cooperation programmes in various sectors.


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Implement gender-sensitive policies to hasten AfCFTA success
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Implement gender-sensitive policies to hasten AfCFTA success


Summary short_text

According to panellists at the Women in Trade Forum organised by the African Chamber of Trade and Investment, in partnership with the Centre for African Legal Studies at the University of Professional Studies Accra Law School, there are some gender-sensitive policies and programs in the AfCFTA document but its implementation has been a challenge so far.

The panellists said many of the women-owned businesses that need to take advantage of the policies either have little or no knowledge about them or are incapacitated to take advantage, even though they form over 70 percent of businesses on the continent.


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