Author: Benjamin Aklama
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Ghana.Gov platform to help increase revenue by GHS3 billion – Bawumia
Vice President Dr. Mahamudu Bawumia has indicated that the launch of the comprehensive digital service and revenue collection platform, created to provide a single point of access to Government of Ghana services for the public, will increase government revenue by an estimated GHS3 billion. The Ghana.gov platform is in line with the government’s vision of…
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Kosmos Innovation Center announces winner of 2020 Agritech challenge
The Kosmos Innovation Center (KIC) has announced the winners of the 2020 AgriTech Challenge, a business competition aimed at developing the next generation of young entrepreneurs in Ghana’s agriculture sector. This year’s winners are: • OASAL Group – a new start-up that produces affordable ethanol from cashew apples, enabling farmers to earn additional income. •…
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We’re hoping for survival of Ghana’s new Development Bank – AGI
President of the Association of Ghana Industries (AGI), Dr Yaw Adu Gyamfi has expressed confidence in the sustainability of Ghana’s development bank. According to him, the development bank will serve as a panacea for addressing long term financing challenges experienced by local industries. The Government of Ghana in partnership with the European Investment Bank, and…
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Deputy GSE boss endorses establishment of Development Bank Ghana
A leading investment banker and Deputy Managing Director of the Ghana Stock Exchange, Abena Amoah has endorsed the approach being used for the establishment of the Development Bank Ghana. Madam Amoah, speaking as part of a development finance series organised by Citi TV and Citi FM in collaboration with the research and consultancy Centre of…
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GhQR was designed to replace more expensive payment systems – Archie Hesse
Chief Executive of the Ghana Interbank Payment and Settlement System, Archie Hesse, says the GhQR code payment service has been designed to replace the relatively more expensive payment systems found in shopping centres across the country. The GhQR code system of payment is a contactless mode of payment involving the scanning of a QR code…
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ADB, NIB to be refocused to remain relevant – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta says the fundamental objectives of special-purpose banks such as the NIB and ADB would have to be reviewed to help them secure the necessary capital so they can give out long-term funds as the government makes moves to establish a development bank. The Government of Ghana, in partnership with…
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Toyota Tsusho’s vehicle assembly plant commissioned in Ghana
Toyota Tsusho Corporation (“Toyota Tsusho”) announced that TOYOTA TSUSHO MANUFACTURING GHANA CO. LIMITED (“TTMG”) became the first Japanese company to start vehicle assembly in the Republic of Ghana by beginning assembly of Toyota Motor Corporation’s (“Toyota”) Hilux pickup truck. The commencement of operation at TTMG was marked by an onsite ceremony, during which it was…
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MainOne expands West African Digital footprint with Launch of MDXi Data Center, Appolonia City Accra
The leading provider of wholesale and enterprise connectivity solutions and superior colocation services expanded its digital footprint with the formal launch of its subsidiary, MDXi Data Center in Appolonia City, Accra, Ghana. The event which took place at the premises of the Data Center facility on the morning of Thursday, June 24, 2021, saw MainOne…
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Citi Business Festival enters week 3; focuses on agribusiness
Ghana imports about $2 billion worth of food and food products into the country annually. With a youthful population, swathes of arable land, water sources and favourable climatic conditions, Ghana should be able to produce enough of all its food needs for local consumption and even more for export. Against the aforementioned background, the Citi…
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![Tax reliefs for employees and how to invoke the laws [Article]](https://citibusinessnews.com/wp-content/uploads/2021/06/Income-Tax-Return-Forms.jpg)
Tax reliefs for employees and how to invoke the laws [Article]
For many employees in Ghana, the amount of taxes they pay on their wages and salary is so high that, they do not bother to pay attention to the taxes deducted. In Ghana, sources of income that are subject to income tax include income from employment, income from business and income from investment. Tax laws…