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Government settles part of road debts

road contracts

Road contractors who are owed monies by the government should expect to receive payment of some of their arrears today, Friday 5th January 2018. This is according to the National Chairman of the Association of Road Contractors, Daniel Agroh. Government has paid over one billion Ghana cedis within the past 11 months to road contractors as outstanding arrears for work ...

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GPRTU hints of increment in transport fares

Transport Operators

The Ghana Private Roads and Transport Union [GPRTU], has asked commuters to brace themselves for a possible increase in transport fares soon. According to the GPRTU, the increment has become necessary following constant increases in the prices of vehicle spare parts. The Vice Chairman of GPRTU, Robert Saba, explained to Citi Business News that members of the union have had to bear ...

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Tax stamps won’t impede paperless clearing systems – GRA

tax stamp 2

The Ghana Revenue Authority (GRA) has told Citi Business News that the implementation of the excise tax stamp policy should not impede the paperless clearing system at the ports. This is contrary to some concerns being raised by businesses at the ports that the policy has a potential threat to the efficiency of the paperless clearing process. The excise tax ...

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Gov’t clears one billion cedis arrears to road contractors

Kwasi Amoako-Atta ; Minister Nominee for Roads & Highways

Government has paid over one billion Ghana Cedis within the past 11 months to road contractors as outstanding arrears for work executed during the previous government’s era, Mr Kwesi Amoako-Atta, the Minister of Roads and Highways, has disclosed. The Minister added that the Government had made arrangement to disburse another GHC120 million to road contractors whose arrears had been outstanding ...

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Petrol, LPG prices to remain stable at pumps – NPA

Hassan Tampuli - CEO, NPA

Prices of petrol and Liquefied Petroleum Gas (LPG)  will remain fairly stable at the pumps from January 1, 2018, the National Petroleum Authority (NPA) has announced. The NPA in a statement explained that, this is “in line with a drop in crude and petroleum prices on the world market, as well as stability in the exchange rate.” The Authority added that, ...

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Top 20 business stories in 2017

Dr. Bawumia (L) and Ken Ofori-Atta (R)

Your most comprehensive business news website,  citibusinessnews.com brings you some of the top business stories in the year 2017. These news’, which cuts across different sectors of the economy also featured on our news bulletins on Citi FM. GCB takes over UT and Capital banks The Bank of Ghana in 2017 revoked the licenses of two indigenous banks, UT Bank ...

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Passengers threaten to sue AWA over flight delays

Africa-World-Airlines-Aircraft-1

Some stranded passengers of Africa World Airlines (AWA) have threatened to sue the airline company for delayed flights to Accra. Some of the passengers say they have booked their tickets about three weeks now hence their decision. Citi FM’s Northern Regional Correspondent, Abdul Karim Naatogmah reports that the scores of passengers were stranded at the Tamale Airport on Friday, December ...

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Private investors to handle new national carrier–Aviation Minister

Aviation Minister - Cecilia Dapaah

The Minister for Aviation, Cecilia Abena Dapaah has explained that the national carrier that will be established will not be wholly owned by government. According to her, the new airline will be operated under what she terms as a ‘Home Base Carrier’ which will have private investors leading in the management of the airline. Her comments follow an earlier assertion ...

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Importers demand downward review of new port tariffs  

exporters in ghana

The Importers and Exporters Association of Ghana has impressed on the Ghana Ports and Harbours Authority (GPHA) to reduce the proposed 20 percent increase on import charge to 15 percent. The Association says although the 20 percent tariff increment may be justifiable, a further reduction will ease their cost of operations. The GPHA on Friday, December 15th 2017, met the ...

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Non-traditional exports to increase with new export platform

Eric Amoako Twum - Deputy CEO of Ghana Exports Promotion Authority (GEPA)

The Ghana Export Promotion Authority (GEPA) is seeking to boost the export of non-traditional products within the short to medium term. As part of achieving this aim, the GEPA has introduced a new marketing platform for exporters of such traditional products. The new market hub is also expected to expose exporters to modern developments and increase their share at the ...

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Ghana Business News