Author: Anita Arthur Kissi-Mireku
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15 employers to be prosecuted for not paying tier two contributions of their workers
Fifteen employers are currently being processed for prosecution for failing to pay the tier two contributions of their workers. This is according to the National Pensions Regulatory Authority (NPRA). The CEO of the NPRA, at a media briefing in Accra on Wednesday, 30th June 2021, also disclosed that the total amount paid to Corporate Trustees…
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Mobile Money agents meet GRA over proposed 10% tax on their earnings
The news of a ten percent tax expected to be paid by mobile money agents from their cash-out services has been met with opposition, as the agents say the tax is being imposed on them is uncalled-for. The government, in a new directive, has asked telcos to deduct a 10% tax from the cash-out service…
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Banking sector cleanup: Allow the law to take its course – BoG Governor urges Parliament
The Governor of the Bank of Ghana, Dr. Ernest Addison, has asked Parliament to allow the law to take its course in the ongoing legal tussle regarding the revocation of licences of some financial institutions in the country. While the government has issued criminal proceedings against some shareholders of financial institutions whose licences were revoked,…
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Ghana’s 1st quarter GDP growth reduces to 3.1%, lowest since 2019
Ghana has recorded a Gross Domestic Product (GDP) growth rate for the first quarter of 2021 at 3.1% The figure which includes Oil and Gas is lower than what was recorded in the same period last year which saw a growth rate of 7.0% making it the lowest first quarter figure recorded since 2019. GDP…
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Implement stringent measures to curb smuggling of fertilizer – GAWU to government
The General Secretary of the General Agricultural Workers Union (GAWU), Edward Kareweh, believes that the issue of fertilizer smuggling in Ghana can only be dealt with effectively if the Ministry of Food and Agriculture has adequate backing from the presidency as well as the various security agencies. His remark follows the growing incidents of fertilizer…
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Appolonia City supports Green Ghana Project by planting 500 trees
As part of efforts to support the Green Ghana Project, Appolonia City has set out to plant 500 trees on Friday 11th June 2021. The initiative which is receiving support from the Forestry Commission is meant to help Ghana achieve its overall target of 5 million trees. In an interview with Citi Business News at…
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Agriculture, infrastructure key to ensuring economic growth for remainder of 2021 – Peter Quartey
Professor of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey has asserted that the economy will grow more significantly if the government focuses on agriculture, infrastructure and construction for the remainder of the year 2021. The government has set a growth target of five percent by the end of…
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Policy rate to remain unchanged for 7th consecutive time – Economist predicts
Professor of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey has predicted that the policy rate will remain unchanged at 14.5 percent. Should the prediction come to pass it will be the seventh consecutive time the rate has remained at that figure since March last year. The rate is…
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![Mobile money vendors explore more protection from telcom operators [Video]](https://citibusinessnews.com/wp-content/uploads/2021/05/mobile-money.png)
Mobile money vendors explore more protection from telcom operators [Video]
When the first Mobile Money service was launched in Ghana in 2009, the market probably wasn’t ready for full mobile financial services. Around 70 percent of the population was unbanked, that’s according to the World Bank, and only an estimated 35 percent of the population owned a mobile phone. However, the urban-rural divide was a…
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Petroleum Commission builds capacity of indigenous companies
Through what has become known to Indigenous Ghanaian Companies (IGCs) as the Ghana Upstream Business Academy, Petroleum Commission and Tullow Ghana Limited (TGL) held the second-in-series of workshops towards enhancing the capacity of SMEs operating in Ghana’s upstream petroleum industry. The objective of the workshop was to create awareness among Indigenous Ghanaian Companies on the…