Category: BUSINESS

2019 Ghana International Trade Fair launched

A Deputy Minister of Trade and Industry, Mr Carlos Ahenkorah, has asked local manufacturers across the country to pay attention to the packaging of their products to ensure their visibility on the market. “Pay a little more attention to packaging and modeling for the sale of made in Ghana goods. This is because the massive industrialisation drive by the government means that there must be a way to dispose of the products, therefore, packaging must be done well,” he urged. He added that the government, for its part, would engage manufacturers in workshops to train them on the need to do proper packaging. Trade Fair 2019 Mr Ahenkorah gave the advice when he launched the 2019 Ghana International Trade Fair in Accra last Wednesday. The 23rd Ghana International Trade Fair is scheduled to come off from February 28 to March 11, 2019. The fair will be organised by the Ghana Trade Fair Company Limited (GTCL) with support from the Ministry of Trade and Industry. More than 600 local and foreign exhibitors are expected to participate in it. Conferences and entertainment programmes will also be organised alongside the event to promote networking and partnerships. The event is on the theme: “Made in Ghana, Globally accepted.” Mr Ahenkorah explained that the fair was being held in line with the government’s strategic plan to promote domestic trade, adding that it was one...

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AMERI Group takes US$51m ‘haircut’

Dubai-based investment firm, AMERI Energy LLC, has finally agreed to lose a total of US$51.34 million in revenue to enable the controversial 250 megawatt deal with the country to be implemented without any further hitches. It followed a consensus between the government and the company for the latter to waive some variable costs amounting to US$41.5 million, grant an unconditional discount of US$7 million and further forfeit some US$2.5 million if payment of a deferred sum is prompt. This brings to an end, two years of gruelling negotiations between AMERI and the government, which begun in February 2017 with...

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Government borrows GH¢5.7b bonds, notes

A total of GH¢5.737 billion were borrowed by government in October and November 2018 through bonds and notes. Out of this, GH¢4.518 billion were mainly 2-year notes whilst GH¢988,694,871 were 3-year Government of Ghana bonds. GH¢230.2 million was raised by issuing 1-year note. Whilst the 3-year bond attracted a yield of 19.50 percent, the 2-year notes attracted yields of 19.50 percent, 17.50 percent, 17.24 per cent and 17percent. As many as four 2-year notes were issued by the Bank of Ghana on behalf of the Government of Ghana. The coupon rate for the 1-year note was however 15.00 percent....

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GWCL boss picks top CEO award

Chief Executive Officer (CEO) of Ghana Water Company Limited (GWCL), Dr. Clifford Braimah, has been adjudged Ghana’s Most Respected CEO in the country’s utilities subsector. He was presented the coveted award on Friday, December 7, 2018, during the Ghana Industry CEO Awards at the Marriott Hotel in Accra. Besides CEOs from 19 industries, other awardees on the night were former presidents John Agyekum Kufuor and Jerry John Rawlings, who were presented with Lifetime Achievements Awards. The 19 sectors for the awards were insurance, banking, real estate, construction, media and advertising, agriculture, mining, transportation, non-banking financial institutions, arts and entertainment,...

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Our bosses didn’t believe in Menzgold; they invested scantily, we invested ‘heavily’ – Staff

The staff of faltering gold-trading firm Menzgold Company Limited, have revealed that while they believed in Menzgold and had confidence in its operations, and, so, invested heavily in the gold collectibles product of the company, the management members did not demonstrate the same confidence in their own product. “It is also sad to note that while staff believed in the product of the company, management members did not”, the staff said in press statement, adding that: “An investigation into the trading pattern of management showed they had very little transactions even compared to most staff who invested heavily into...

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Unbelievable: Three (3 ) Months Baby with Anorectic Malformation No Anal 1

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