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Author Archives: Pius Amihere Blay

Jumia interacts with vendors ahead of 6th anniversary   

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Jumia Ghana has held a conference to interact with its vendors ahead of its upcoming 6th anniversary. The event was attended by vendors from who deal in fashion, large appliances, phones and tablets, skin and beauty, as well as computers. The conference also had management of Jumia Ghana share insights on plans and strategies for the upcoming anniversary sale as ...

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Kumasi Airport phase II to be completed ahead of time  

Aviation Minister - Cecilia Dapaah

The construction of phase two of the Kumasi Airport is expected to be completed ahead of schedule, this is according to aviation Minister Cecilia Daapah. The completion date will now be 2019 instead of the initial date of 2020. Madame Cecilia Daapah made this known at the sod cutting ceremony for Phase 2 of the project. According to her, the ...

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ACCA tasks UGBS to update syllabus

Head of the East and West Africa of ACCA, Mr. Norman Williams

The Association of Chartered Certified Accountants (ACCA) has tasked the University of Ghana Business School(UGBS) to update its current syllabus to meet the modern training modules it has recently rolled out. According to the ACCA, such a move is critical to enable Ghana keep up with global accounting standards, as well as help propel the nation unto the path of growth, to ...

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Non compliant fintechs to lose licenses – BoG

Dr. Ernest Addison - BoG Governor

The Bank of Ghana will revoke the license of any financial technology company that fails to comply with regulatory requirements outlined in the new payment systems and services bill. The fintechs are expected to be compliant at a time where electronic payment systems are increasing significantly. This caution is also contained in the Bank of Ghana’s 2017 Payment systems report. ...

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‘We won’t extend deadline for filing annual corporate returns’–RGD

Registrar General, Mrs. Jemima Oware

The Registrar General’s Department (RGD) has stated that it will not extend the deadline for businesses to file their annual corporate return despite the calls from businesses to do so. The RGD has stressed that enough time has been allowed for businesses to file their returns and thus will not heed to any appeal to extend the deadline. “As at ...

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Ishmael Yamson steps down as Board Chairman of Stanchart

Ishmael Yamson

The Board Chairman of Standard Chartered Bank, Mr. Ishmael Yamson has announced his resignation from the position effective June 30, 2018. His resignation comes after serving in that capacity for thirteen years; from 2005 to 2018. Mr. Yamson announced his resignation at the bank’s Annual General Meeting (AGM) on Thursday, June 7, 2018. Speaking to Citi Business News on his ...

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Bayport to raise GH¢300m from stock market

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Savings and Loans Company, Bayport, has told Citi Business News it will be raising 300 million cedis from the Ghana Stock Exchange, through the issue of corporate notes. According to the company, the move is in fulfillment with plans to expand its initial 200 million cedis note programme. The Managing Director of Bayport, Nii Amankra Tetteh disclosed this when the ...

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Metro TV clears part of tax arrears; resumes operations

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Metro TV has resumed operations barely twenty-four hours after being closed down for owing some taxes. The Ghana Revenue Authority, on Wednesday, June 6, 2018, locked up the offices of the station due to its 2.3 million indebtedness to the Authority. Citi Business News however understands that the company has since made some payments leading to the opening and resumption ...

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GRA closes down Metro TV for owing GH¢2.3m in taxes

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The Ghana Revenue Authority (GRA) on Wednesday, June 6, 2018, locked up the offices of Metro Television. The TV station currently owes taxes amounting to some 2.3 million cedis. According to the GRA, the station refused to heed to its persistent warnings and has defaulted in paying its taxes since 2014. Also, records from the GRA shows the station owes ...

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#CitiBizFestival: Banks, telcos partner to fund women entrepreneurs

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Some players in the financial industry have called for collaboration between banks and mobile money operators even as banks seek to create access to funds for entrepreneurs. Entrepreneurs in Ghana have over the years lamented the difficulty they face in securing loans needed to start up and expand their businesses. According to the financial players however, banks can track the ...

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