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Author Archives: Lawrence Segbefia

Invest in Tier-3 pension scheme – NBC Ghana Trust CEO

Mr. William Asiedu Yeboah, CEO of NBC Ghana Trust (1)

NBC Ghana Trust has charged Ghanaians to make a deliberate effort and invest in the Tier 3 pension scheme for a better future. Chief Executive Officer of NBC, a leading private pension scheme administrator, William Asiedu Yeboah has indicated that the surest way to a happy old age is to save towards retirement, hence, the need for workers both in ...

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British Airways heeds to demand for quality service in Ghana

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British Airways has announced a series of changes to its Ghana operations which are aimed at improving its service delivery within the country. The airline company says the decision also follows the important nature of the Ghanaian market, the Accra-London routes. British Airways has received heavy backlash from its Ghanaian passengers for quite a number of times. The concerns have ...

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Gov’t must create enabling environment for innovation—Prof. Atuahene-Gima

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The Founding President and Executive Dean of Nobel International Business School (NIBS), Professor Kwaku Atuahene-Gima, has challenged the Ministry of Environment, Science, Technology and Innovation, as well as the Ministry of Business Development to spearhead the development of an innovation culture in the country. According to him, Ghana’s challenge of value-addition and industrialization can be solved if an effective system is developed to ...

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Gov’t to introduce new tax measures in July

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The Ministry of Finance has hinted that government may introduce some new tax measures in addition to some social interventions to shore up the revenue of the country during the presentation of the mid-year budget review next month. Even though the ministry did not state the kind tax measures it may be introducing, it however maintained that they are needed ...

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Cedi depreciation eroding all our profits—GUTA to gov’t

The meeting which was held at the offices of GUTA in Accra had the government team compromising the Finance Minister, Ken Ofori-Atta, Deputy Finance Ministers, Kwaku Kwarteng and Abena Osei Asare, and the Chief Director at the Ministry Patrick Nomo., with GUTA President Dr. Joseph Obeng

The Ghana Union of Traders Association (GUTA) is pleading with government to put in the necessary measures to stabilize the cedi from further depreciation against the dollar. According to the traders, the recent depreciation of the cedi against the dollar has eroded their profits, since imports were made before the depreciation was recorded. The cedi is said to have depreciated ...

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We need an authority to propel Petroleum hub project—Amin Adam

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Deputy Minister of Energy in charge of Petroleum, Dr. Mohammed Amin Adam, has defended calls for the setting up a special authority to oversee the management of Ghana’s Petroleum Hub project. Dr. Amin believes a dedicated authority will among other things facilitate the raising of the needed funds to develop the petroleum hub. The hub is expected to cost about 50 billion ...

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Oil marketers push for full employment under cylinder recirculation policy

CEO of the Association of Oil Marketing Companies (AOMCs), Mr. Kwaku Agyeman Duah

The Association of Oil Marketing Companies, has stressed that it will push for full employment for its members under the cylinder recirculation module to protect the interest of LPG distributers. The assertion comes after the LPG Marketers raised concerns that the new cylinder recirculation policy will render them jobless if implemented. Already, the CEO of the National Petroleum Authority (NPA), ...

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Fintechs have 6 months to meet new cyber security standards—BoG warns

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The Bank of Ghana (BoG) has urged all fintechs operating in the country to improve their cyber security systems to meet international standard requirements ahead of the passage of the Payment Systems and Services Bill by end of 2018. According to the central bank, the new law will take into account technology, innovation, and consumers’ demand for better services. Speaking ...

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Low internet penetration in Africa due to lack of terrestrial fibre

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Experts at the Africa Session of the International Telecoms Week conference in Chicago have described terrestrial fibre constraints as the mother of all bottlenecks hindering increased Internet penetration on the continent. During his presentation on the theme “Enabling Content on the African Continent”, Chief Executive Officer of research firm, Xalam Analytics, Guy Zibi analyzed the African digital journey, highlighting dramatic ...

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Renewable Energy Master Plan to be launched this year

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The Ministry of Energy has indicated that the renewable energy master plan currently before parliament will help create an energy hub for Ghana. According to the ministry, the master plan after its implementation will attract investors in the renewable energy sector of the country. Speaking to Citi Business News on the sidelines of a Solar Energy Day event under the theme: ‘Paving ...

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Citi Business News