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Good economic figures must translate into cash—ICU to gov’t

Solomon Kotei - General Secretary, ICU

The Industrial and Commercial Workers Union (ICU) has called on government to create the enabling economic environment to help improve the wellbeing of Ghanaians. According to the General Secretary of the union, Solomon Kotei, Ghanaian workers are expecting an improved standard of living in 2018. Speaking to Citi Business News, Mr. Kotei, said it is time for the good economic ...

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SSNIT moves to clear ‘ghost’ pensioners from payroll

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The Social Security and National Insurance Trust (SSNIT), has disclosed to Citi Business News that it will from next month stop paying claims to pensioners who have failed to undertake their biometric registration with the Trust. Per the move, pensioners 72 years and above will be considered as ‘ghosts’ hence will not be able to access their claims. All pensioners ...

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Businesses expecting relief package from gov’t

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  Private sector businesses are highly expectant of the numerous interventions announced to propel their growth for this year. The reduction in utility tariffs, tax reliefs for selected businesses are but a few of their expectations.           Key on the agenda for this government is to empower the private sector with policies and conditions favorable, not only to lead the growth ...

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GRA must collect taxes from all spare parts dealers 

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The Abossey Okai Spare Parts Dealers Association want the Ghana Revenue Authority(GRA) to be stringent in collecting taxes from other spare parts dealers in the country. The association believes some spare parts dealers who are not their members do not pay taxes to the GRA. Some members of the association told Citi Business News the development has resulted in government ...

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Article: Future Alternative currencies: why it matters for development.

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When Lorenzo Fioramonti, a professor of the University of Pretoria, South Africa , began to teach in 2012, he decided to start his course with an analysis of how money affects social order. What his students found particularly fascinating was the then-nascent world of cryptocurrencies, which he described at length as a crucial feature in the future of money. Some ...

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Pilot property tax rate before implementation—Tax Analyst

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A tax analyst has called on government to pilot the implementation and collection of the property rates in 2018. According to William Owusu Demitia, a Senior Associate Consultant at Ali-Nakyea & Associates, this would help government identify key issues that has to be addressed before a nationwide implementation. As part of measures to improve domestic resource mobilization, the Finance Minister during the ...

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Phoenix Insurance donates to University of Ghana   

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Phoenix Insurance Company Limited, a subsidiary of the CDH Group, has honored a pledge it made to the University of Ghana, by donating GHC 100,000 to the endowment fund of the University. The amount is part of a GHC 250,000 pledge made by the Chief Executive Officer of the CDH Group, Mr. Emmanuel Adu-Sarkodee, during the November 2017 congregation ceremony ...

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Consumer group cautions against AWA’s monopoly

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Consumer rights agency, CUTS International wants authorities to be tough and avert consumer exploitation in the domestic aviation industry. It follows the sole operation of Africa World Airlines (AWA) in the domestic aviation sector. Africa World Airlines became the single company flying domestically after the suspension of operations of Starbow Airlines in December 2017. The development has since been met ...

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Abbosey Okai Spare Parts Dealers threaten to increase prices

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The Abbosey Okai Spare Parts Dealers Association has threatened to increase the prices of their goods if government does not intervene in what they describe as increases benchmark value charges at the ports. According to the dealers, although government scrapped the one percent special import levy last year, they have been compelled to pay higher benchmark values at the ports. ...

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WAMCO workers blame gov’t for shutdown of company

Joseph Boahen Aidoo

Workers of cocoa processing company, West Africa Mills Company (WAMCO) in Takoradi are blaming government for the company’s inability to commence operations after the new year break. According to the workers, government, through COCOBOD has failed to appoint members on to the board of the company, leading to a halt in the company’s operations. COCOBOD holds strategic share in the ...

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Ghana Business News