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Entrepreneurship

How cedi appreciation creates a strategic window for entrepreneurs [Video]

The performance of a country’s currency significantly influences commercial potential. Recently, the Ghanaian cedi has exhibited signals of appreciation against the US dollar, presenting new opportunities for companies.

A stronger cedi implies cheaper import costs, decreased inflation, and increased purchasing power for consumers. But does this indicate now is the time to start a business? The answer is determined on the industry, business model, and your ability to capitalize on the present economic climate.

This article delves into why starting a business during a cedi upswing can be a wise decision, as well as the important benefits and practical measures to take advantage of this opportunity.

Lower costs for import-dependent businesses

A stronger cedi provides significant cost savings for enterprises that rely on imports.

Retailers may acquire devices like smartphones and laptops at lower prices, while manufacturers benefit from lower-cost foreign raw materials.

Auto part dealers also benefit from lower import rates. To maximise these …

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PCI students launch businesses and give back to community – PortageOnline.com [Video]
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Entrepreneurship

PCI students launch businesses and give back to community - PortageOnline.com [Video]

Students in the applied commerce program at Portage Collegiate Institute showcased their business ventures last week after a semester of hard work. The event featured student-run companies offering everything from custom apparel and cleaning services to marketing strategies and community-focused food programs. Gavin Taylor, who teaches applied commerce at PCI, says the event gives students a real taste of entrepreneurship. Weve got some students selling lip gloss, bracelets, snacks, social media marketing services, house cleaning, clothing, lots of variety, notes Taylor. Each visitor acts as a judge, receiving ten $1,000 PCI Bucks to invest in their favourite student businesses. Though friendly, the competition is designed to simulate real-world decision-making and customer engagement. googletag.cmd.push(function() { if($(document).width()

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