No Result
View All Result
Monday, June 5, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Citi Business Festival: 8 pillars of digital economy by TechGulf’s CEO

    Citi Business Festival enters week one; focuses on Digital Economy

    Re-establishing national airline critical to reducing forex loss – Former Civil Aviation Boss

    Ghana’s unsustainable debt largely attributed to Energy Sector – World Bank Rep

    Ken Ofori-Atta, Ministry of Finance for Ghana, gives an interview during day 3 of the AfDB Annual Meetings on 13 June 2019 in Malabo, Equatorial Guinea. (Photo by Malick Silue)

    We’ll be swift with Ghana’s economic recovery – Ofori-Atta

    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

    Pay us by borrowing from treasury bill market- Pensioner bondholders reiterate calls to govt

    Ghana’s energy sector needs audit to ascertain debt levels – COPEC

    Sole implementation of cylinder recirculation model threatens our investment – LPG Operators

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

    Mobile money disrupted banking in Ghana – Zeepay CEO

    Ghana’s oil reserve recording steady growth – GNPC CEO

    Fuel pricing: COPEC predicts marginal drop in first window of June 2023

    ACEP pushes for research in Africa’s energy sector

    African leaders urged to employ energy policies that will transform Africa

    COVID -19 levy must be abolished – Importers & Exporters insist

    Halt implementation of utility tariffs increment- FABAG tells govt

    Govt maintains COVID-19 levy despite calls for removal

  • TECHNOLOGY

    Citi Business Festival: 8 pillars of digital economy by TechGulf’s CEO

    Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe

    MTN shareholders given choice to convert dividend or take cash

    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

    Dominion University To Partner With USA Organisations To Set Up Centre Of Excellence For Artificial Intelligence

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Mining propels Ghana to beat growth estimates in fourth quarter

    BoG pushes for improvement in IMF’s lending framework to boost continent’s access to resources

    Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Citi Business Festival: 8 pillars of digital economy by TechGulf’s CEO

    Citi Business Festival enters week one; focuses on Digital Economy

    Re-establishing national airline critical to reducing forex loss – Former Civil Aviation Boss

    Ghana’s unsustainable debt largely attributed to Energy Sector – World Bank Rep

    Ken Ofori-Atta, Ministry of Finance for Ghana, gives an interview during day 3 of the AfDB Annual Meetings on 13 June 2019 in Malabo, Equatorial Guinea. (Photo by Malick Silue)

    We’ll be swift with Ghana’s economic recovery – Ofori-Atta

    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

    Pay us by borrowing from treasury bill market- Pensioner bondholders reiterate calls to govt

    Ghana’s energy sector needs audit to ascertain debt levels – COPEC

    Sole implementation of cylinder recirculation model threatens our investment – LPG Operators

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

    Mobile money disrupted banking in Ghana – Zeepay CEO

    Ghana’s oil reserve recording steady growth – GNPC CEO

    Fuel pricing: COPEC predicts marginal drop in first window of June 2023

    ACEP pushes for research in Africa’s energy sector

    African leaders urged to employ energy policies that will transform Africa

    COVID -19 levy must be abolished – Importers & Exporters insist

    Halt implementation of utility tariffs increment- FABAG tells govt

    Govt maintains COVID-19 levy despite calls for removal

  • TECHNOLOGY

    Citi Business Festival: 8 pillars of digital economy by TechGulf’s CEO

    Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe

    MTN shareholders given choice to convert dividend or take cash

    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

    Dominion University To Partner With USA Organisations To Set Up Centre Of Excellence For Artificial Intelligence

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Mining propels Ghana to beat growth estimates in fourth quarter

    BoG pushes for improvement in IMF’s lending framework to boost continent’s access to resources

    Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Mid-Year budget: Hoteliers demand modalities on gov’t interventions amid COVID-19

byLawrence Segbefia
July 2, 2020
in Business, Top Stories, Tourism
Share on FacebookShare on TwitterShare on Whatsapp

Players in the hospitality industry say they expect the Finance Minister, Ken Ofori-Atta to provide clear modalities on how government intends to help their businesses bounce back in the upcoming Mid-Year budget review following the negative impact of COVID-19.

At a meeting with President Akufo-Addo, the hospitality industry made up of different associations explained that most of their members do not qualify for the GHS1 billion cedis stimulus package to be disbursed by the National Board for Small Scale Mining because their staff strength exceeds 95.

Even though government has set aside various financial packages to aid players in the hospitality industry just like other sectors, the size and operations of some of the hospitality sector players, means that they do not qualify for packages targeted at SMEs.

ADVERTISEMENT

Despite assurances from the presidency that such businesses will be re-categorized under a 3 billion cedis stimulus package, the President of the Ghana Hotels Association, Dr. Edward Ackah-Nyamike Jnr, told Citi Business News they are yet to receive clear communication on when the funds will be disbursed.

“We haven’t had any clear feedback on when that money is coming, how it will be sourced and how it will be disbursed. I want to see a statement or a line about that three billion cedis as the Finance Minister is going to read the mid-year budget. I must also say that time is of the essence and if the support does not come early, it will end up destroying a lot of businesses. So, we urge government to ensure that these interventions come in at the right time so that the industry players will benefit from it,” he said.

Even though small operators in the tourism industry are supposed to benefit from a 9 million dollar World Bank grant and the GH1 billion NBSSI disbursement, Dr. Ackah-Nyamike Jnr says their members have not received support from any of the funds even though they have applied.

“Every intervention is worthwhile in such situations. Of course, we appreciate the Ministry’s announcement of the 9-million-dollar grant to the industry. However, I need to point out that, I am yet to get feedback from our members about the NBSSI disbursement, even though they have applied. It has been about four weeks and we thought it will come early enough. We are also four months into the pandemic. We will urge the Ministry to fast forward the process so that the beneficiaries can get value for money,” he said.

Related Posts

Citi Business Festival

Citi Business Festival: 8 pillars of digital economy by TechGulf’s CEO

byNii Larte Lartey

There is a strong push for businesses to leverage digital technologies to conduct business. Beyond using the internet for buying...

Read more

Citi Business Festival enters week one; focuses on Digital Economy

Re-establishing national airline critical to reducing forex loss – Former Civil Aviation Boss

Ghana’s unsustainable debt largely attributed to Energy Sector – World Bank Rep

Ken Ofori-Atta, Ministry of Finance for Ghana, gives an interview during day 3 of the AfDB Annual Meetings on 13 June 2019 in Malabo, Equatorial Guinea. (Photo by Malick Silue)

We’ll be swift with Ghana’s economic recovery – Ofori-Atta

Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

Pay us by borrowing from treasury bill market- Pensioner bondholders reiterate calls to govt

Next Post
Philemon Kwame Ankomah, Chief Information Security Officer, Bank of Africa.

Financial service consumers cautioned against increased cyber-crime amid Covid-19

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.