Author: Bobbie Osei
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Allow Ghanaian traders stuck in Nigeria to move out — GUTA
In relation to the recent extension of the border closure by Nigeria to the end of January 2020, The President of Ghana Union of Traders Association (GUTA) Dr. Joseph Obeng is calling on Nigerian authorities to allow Ghanaian traders stuck inside Nigeria to leave with their products back to Ghana. The extension which was approved…
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Plan to assemble 5,000 cars in Ghana is leap of faith — VW Sub-Saharan Africa MD
The Managing Director of Volkswagen for Sub-Saharan Africa, Thomas Schäfer has described the company’s plan to produce 5,000 cars in Ghana as a leap of faith. VW last year signed a Memorandum of Understanding (MoU) with the government of Ghana to begin the process of establishing an assembling plant in the country to serve the…
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Prioritize renegotiation of take or pay contracts– Energy Expert to new Committee
Energy sector analyst and Executive Director of the Kumasi Institute of Technology, Energy and Environment (KITE) Ishmael Edjekumhene says it is critical that the newly established Energy Sector Recovery Programme Steering Committee negotiates a change of the existing take or pay contracts in the energy sector. According to him, when this is done, it will…
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Industry-Academia collaboration critical to economic growth and employment creation
The President and Executive Dean of the Noble International Business School (NiBS), Prof. Kwaku Atuahene-Gima has charged businesses in the country to take more risks in engaging in other ventures that are not core to their operations, but have the potential to make them more profitable while creating more employment. He made the comments at…
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GRA warns its officers and public against tax evasion
The Ghana Revenue Authority (GRA) has issued a stern warning to its officers and members of the public who are involved in or facilitate the evasion of taxes. This follows the latest arrest by the authority of two Chinese nationals for falsifying VAT Invoices and evading payment of lawful taxes to the state. Speaking to…
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Communications Ministry urges funding for cyber-security in 2020 budget
Ahead of the presentation of the 2020 budget on November 14, 2019, the Minister of Communications Ursula Owusu-Ekuful has called for a comprehensive statement in the budget about how government intends to fund cyber-security in Ghana. Latest figures from the Cyber-Crime Unit of the Criminal Investigations Department of the Ghana Police Service has shown that…
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Wine tasting in the center of the World
For more than 3 hours on the night of October 18, 2019 some of the finest people in Ghana’s capital Accra, networked, dined, learnt about and savored some of South Africa’s best wines. The entire experience which took place at the Villa Monticello Hotel, was part of the Wines of South Africa Exclusive Wine and…
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![[Video] Laundry services operators decry impact of economy on their operations](https://citibusinessnews.com/wp-content/uploads/2019/10/Palm-oil-business-in-Nigeria-1-660x330.jpg)
[Video] Laundry services operators decry impact of economy on their operations
The Global Dry-Cleaning and Laundry Services Market according to a 2019 Bloomberg report is worth about USD 13.75 billion dollars. That sounds like a lot. In the following report, Citi Business News will seek to put the spot light on the laundry business space in Ghana. What are their challenges and where is the industry headed?
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![[Pictures] GRA arrests two Chinese nationals over tax evasion and falsification of VAT invoices](https://citibusinessnews.com/wp-content/uploads/2019/10/dada4.jpeg)
[Pictures] GRA arrests two Chinese nationals over tax evasion and falsification of VAT invoices
Two months after members of the management of Sinic Enterprise, a Chinese owned footwear company were arrested for tax evasion, two managers of another company, this time around Dada Foods Company Limited, producers of artificial fruit juices such as 7 Star, Mango Fruit Drink, New Star, Freezy Drink among others, have also been apprehended. The…
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Dedicated funding for cyber-security in Africa needed
A dedicated source of funding is needed to boost cyber security in Africa, stakeholders speaking at the 2019 Ghana National Cyber Security Awareness Forum have said. According to them, a permanent and sufficient funding needs to be secured to combat the rise in cyber-crime across the world. They shared the comments at the 2019 National…