Author: Benjamin Aklama
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We were not consulted on debt exchange programme – Chamber of Corporate Trustees
The Executive Secretary of the Chamber of Corporate Trustees, Thomas Kwesi Esso, says the Chamber was not consulted prior to the announcement of the proposed rollout of Ghana’s Domestic Debt Exchange Programme. Speaking at the launch of the debt restructuring programme on Monday, December 5, 2022, the Finance Minister, Ken Ofori-Atta said the “Government have…
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Parliament approves 2023 budget
Parliament has approved the 2023 Budget Statement and Economic Policy despite opposition from the Minority on the revenue mobilization measures. The House has been debating the statement since November 29, after it was presented by the Finance Minister. During the final day of debate, the Minority group raised concerns about some of the revenue generation…
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Cities and Habitats honoured at the 14th Ghana Property Awards
Cities and Habitats, developers of the Planned Cities Extension Project emerged winners of the City Planned Extension Project of The Year 2022 award at the 14th edition of the Ghana Property Awards. The event, organized by Property Express, under the theme; “Sustainable Architecture in Ghana’s Housing Mix”, was held on Friday, 25th November, 2022 at…
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Edwin Provencal emerges petroleum CEO of the year 2022
The Managing Director of the Bulk Oil Storage and Transportation Limited Company, BOST, Edwin Alfred Provencal was named the Petroleum Sector Chief Executive Officer of the Year, 2021. The honour was bestowed on him at the Ghana Energy Awards which event was held at the Labadi Beach Hotel on Friday 25th November 2022. The Ghana…
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Tullow Ghana committed to skills transfer – Managing Director
Tullow Ghana has reiterated its commitment to skills transfer and the actualisation of the dream of Ghanaian entities acquiring the requisite capacities to lead oil and gas activities with an organic team from Ghana to ensure rapid national development. Speaking during a panel discussion at the 2022 Local Content Conference and Exhibition in Takoradi, the…
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Tomato: Ghana’s Unexplored Goldmine
Tomatoes, in their numerous forms, are a globally famed staple crop with countless regional variants. Currently ranked 319th on the list of the world’s most traded products in 2022, it is one of the most studied commercial vegetable and greenhouse crops in the world. It is estimated that annual worldwide tomato production is 180,766,329 metric…
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Ghanaians to pay more for goods, services as VAT goes up 2.5% in 2023
Ghanaians will from 2023 pay more for goods and services, as government has reviewed upwards the Value Added Tax (VAT) by 2.5 percent. This was announced by the Finance Minister, Ken Ofori-Atta on Thursday when he delivered the 2023 budget statement in Parliament. The Finance Minister said this review was part of a seven-point agenda…
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![2023 budget statement and economic policy [Full text]](https://citibusinessnews.com/wp-content/uploads/2022/11/ken-ofori-atta-before-censure-committee-1140x570-1.jpg)
2023 budget statement and economic policy [Full text]
The Finance Minister, Ken Ofori-Atta presented the 2023 budget in Parliament on Thursday. In the budget, he among other things announced a 2.5% rise in VAT from next year and the reduction in the e-levy rate from 1.5% to 1%. Below is the full statement read by Mr. Ofori-Atta. 2023 BUDGET SPEECH 24TH NOVEMBER 2022…
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Cedi loses 53.8% of its value as gov’t adds GH¢93bn debt in 2022
Ghana’s Cedi has declined by 53.8% in value against major currencies, since the beginning of 2022, Finance Minister Ken Ofori-Atta has said. Presenting the 2023 Budget in Parliament on Thursday, Mr. Ofori-Atta blamed the demand for foreign exchange as one of the reasons for the decline of the cedi. “The demand for foreign exchange to…
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UK airports could ditch luggage liquid rules by 2024
Security restrictions on liquids and laptops in airport hand luggage could be axed in the UK within two years thanks to high-tech 3D scanners. The government is considering rolling out the more advanced scanners by mid-2024, a source told the BBC, although a final decision has yet to be made. The equipment, similar to CT…