Author: Anita Arthur Kissi-Mireku
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Kyei-Mensah-Bonsu to present 2021 budget on Friday
Information available to Citi Business News suggests that Majority Leader and Parliamentary Affairs Minister, Osei Kyei-Mensah-Bonsu is expected to present the 2021 budget statement. It follows the inability of Finance Minister-designate, Ken Ofori-Atta to present the budget due to his current health status. The presentation of the budget is in accordance with Article 179 of…
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Institute policies to deal with unutilized gas – IES to government
The Institute for Energy Security (IES) has asked government to rescind its decision to build a Liquified Natural Gas (LNG) facility in the country. According to IES, such a facility is not needed at this moment as it will only contribute to the excess gas supply and come at a cost to the country. They…
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BoG issues directive on dormant and unclaimed accounts
The Bank of Ghana has issued a directive on unclaimed balances & dormant accounts for banks and specialized deposit-taking institutions. The directive seeks to ensure that balances in accounts that have been left unattended to for over a period of time are managed under a special account. The account is referred to as the dormant…
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GCNet gives remaining workers redundancy letters
Ghana Community Network Services Limited has served notice of redundancy letters to the remaining staff working on the GeGov Project. They are to be laid-off by the end of April 2021, following the non-renewal of GCNet’s Service Agreement with the Ghana Revenue Authority (GRA). The letter dated January 29, 2021, explained that management had to…
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FDA recalls contaminated pet food over death of animals
The Food and Drugs Authority (FDA) is cautioning the general public about the contamination of various pet foods manufactured by Midwestern PetFoods, Indiana in the United States of America. The FDA in a press release dated 18th February 2021, stated that the pet foods have been recalled due to the presence of high aflatoxin contamination…
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Bear cost of standardization of local goods – GSA to government
Director General of the Ghana Standards Authority (GSA), Professor Alex Dodoo has called on government to bear the full cost of facilitating the improvement in the standard of goods produced by Micro, Small and Medium-sized Enterprises (MSMEs) in the country. According to him, MSMEs will gain little or nothing from the African Continental Free Trade…
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Labour consultant wants policy makers to focus on living wage
Labour consultant, Senyo Adjaben is calling for more attention to be given to living wage as compared to the minimum wage. According to him considering the impact of COVID-19 on the economy, this call has become important in order to sustain the livelihoods of Ghanaians. The country’s current minimum wage is 11 cedis 28 pesewas…
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Staff of AirtelTigo won’t be affected in takeover of company – Ursula
Communications and Digitalizations Minister-designate, Ursula Owusu-Ekuful has assured that government will do its best to safeguard the jobs of workers of AirtelTigo once it completes processes to take over the company within the short term. The Government of Ghana in October last year confirmed reports that it is at an advanced stage in discussions with…
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Implementation date for demanding IDs from MoMo customers extended to April 1
The General Manager of Mobile Money Limited, Eli Hene, has told Citi Business News that MTN Ghana has decided to extend the intended date on which MoMo users will be required to present a valid national ID for mobile money transactions. He said the implementation date has been moved from February 1, 2021, to April…
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Invest in agric and trade for economic recovery – Economist to government
In order for the country’s economy to attain pre-COVID-19 status and achieve subsequent growth, government should focus heavily on the agriculture and trade sectors. This is according to an economist with Databank, Courage Martey. Latest provisional figures released by the Ghana Statistical Service (GSS) covering economic activity for the first 3 quarters of 2020 show…