Author: Bobbie Osei
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Banks to use BoG’s bullion vans until new ones are imported – CID Boss
The Ghana Police Service has assured that it is working with stakeholders in the banking sector to provide adequate security for the carting of money within the country. The Inspector-General of Police, James Oppong-Boanuh about two weeks ago said he will stop his officers from providing protection for the so-called bullion vans used by banks…
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Springfield confident final court ruling will see to effective development of oil field
One of the key actors in the ongoing ENI-Springfield unitization saga, Springfield Exploration and Production Limited, says it is confident the final court ruling in the case involving the two parties will lead to the development of the Sankofa and Afina fields in a manner consistent with world-class practices. This comes after the recent ruling…
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GRA set to implement full cashless drive from July 1
The Ghana Revenue Authority’s cashless drive, which will see GRA turning away any cash payments at any of its offices, will be fully enforced come Thursday 1st July 2021. The Authority has been working towards a full end to end digital tax process where taxpayers can file and pay their taxes from any part of…
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![Local businesses urged to invest in quality packaging to benefit from AfCFTA [Video]](https://citibusinessnews.com/wp-content/uploads/2021/06/20210624_120635-scaled.jpg)
Local businesses urged to invest in quality packaging to benefit from AfCFTA [Video]
Businesses producing Made-in-Ghana products are being encouraged to prioritize quality packaging to facilitate the growth of their businesses as well as their survival in an era of the African Continental Free Trade Area (AfCFTA) programme. This comes in the wake of the seeming improvement in the standards of packaging on the local market. As the…
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Mixed reactions greet court order for ENI to pay 30% revenue into escrow account
The stalemate between ENI Ghana and Springfield Ghana over the directive by then Energy Minister John Peter Amewu to execute a Unitization and Unit Operating Agreement (UUOA), which some stakeholders say is denying the country of much-needed revenue, saw Springfield dragging ENI to court. Springfield prayed the court for a number of reliefs including an…
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Ofori-Atta charges AfDB to tackle problems hindering Africa’s post-COVID-19 recovery
Finance Minister, Ken Ofori-Atta has tasked the African Development Bank (AfDB) to show leadership in addressing key risks being faced by the continent, to ensure a successful socio-economic recovery from the Coronavirus pandemic. Mr. Ofori-Atta made the remarks during his welcome statement for the 2021 Annual Meetings of the African Development Bank Group, which has…
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We’re collaborating with stakeholders to end attacks on MoMo vendors – Telecoms Chamber
The Chief Executive Officer of the Ghana Chamber of Telecommunications, Kenneth Ashigbey, says key stakeholders in the mobile money space are continuously collaborating and sharing information to effectively bring an end to the rising armed robbery attacks on mobile money vendors. Over the past couple of months and weeks, separate robbery incidents have been recorded…
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COCOBOD borrows $2 billion in response to improved production by farmers
Better than expected, cocoa production for the 2020-2021 crop year has led the regulator of the sector, the Ghana Cocoa Board (COCOBOD), to borrow extra on the domestic market, to among other things mop up the excess cocoa beans being produced by farmers. COCOBOD has so far sold $2 billion (GHS 11.7 billion) of six-month…
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Deal with fuel smuggling, cylinder recirculation and petroleum price hikes – New NPA boss advised
Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has urged the newly appointed Chief Executive of the National Petroleum Authority (NPA) Dr. Mustapha Abdul-Hamid, to prioritize resolving issues pertaining to fuel smuggling, cylinder recirculation and the continues rise in fuel prices at the pumps. President Akufo-Addo in a letter dated June…
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ECOWAS postpones implementation date for ‘Eco’ again; moved to 2027
After several postponements, West Africa’s 15-nation bloc- the Economic Community of West African States (ECOWAS), has once again postponed the implementation of its long-time dream of a single currency. The bloc over the weekend announced 2027 as the new date to launch the “Eco.” The Eco was first planned to be introduced in 2003 but…