Author: citibusinessnews
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Anglogold suspends operations over clashes with illegal miners
Anglogold Ashanti (AGA) has suspended its essential services following clashes between illegal miners and some of its staff, leading to the death of one of its top managers. The clashes on Saturday led to the death of the company’s Communication Director, John Owusu. The illegal miners overpowered security officers detailed to protect Anglogold’s concessions which had been…
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Finance Ministry to review CET in 5 years
The Ministry of Finance has assured the various business organizations calling for the scrapping off of the Common External Tariff, (CET) of a possible review of some of the tariffs within the next five years. The Common external tariff which has been implemented for about a week now, requires that all imports into Ghana attract…
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Dzifa Attivor hands over to Fiifi Kwetey as Transport Minister
Member of Parliament for Ketu South in the Volta Region, Fiifi Fiavi Franklin Kwetey, has officially taken responsibility of the Ministry of Transport . At a short ceremony at the ministry’s conference room on Friday, Dzifa Aku Attivor, the immediate past minister, handed over to Mr. Kwetey in the presence of Joyce Bawa Mogtari, the Deputy Minister…
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Lack of information causing low agric output
A farmer from the Kasena Nankana district in the Upper East region, Mr. Richard Akoka has revealed that some rice farmers in the region are compelled to sell their produce at a cheaper price due to the non-existence of a processing plant. Mr. Akoka, who owns a hundred acre rice farm explained that, farmers in…
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Ernest Chemist increases retail centres to reach more customers
Ernest Chemist, a leading manufacturing and retail giant within the pharmaceutical industry, is to embark on expansion drive to enable the company reach out to the under-served. According the company, it intends to reach out to every Ghanaian without compromising on quality as it provides affordable medicine to the public. This came to light when Ernest…
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BRT pilot finally commences in June
The pilot project for the much anticipated Bus Rapid Transit (BRT) transport system Citi Business News has gathered is expected to commence finally in June, 2016 according to the Ministry of Transport. The new date comes after the start date was postponed several times. The earliest date which was set for the resumption of the programme was in March 2016, after…
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South Africa’s rand flat ahead of U.S jobs data
South Africa’s rand weakened slightly early on Friday, pausing a rally that has seen the unit trade below the crucial 16 rand per dollar mark for three straight sessions as global risk appetite has improved. Stocks were set to open flat at 0700 GMT, with the JSE securities exchange’s Top-40 futures index slipping 0.1 percent.…
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Govt to review downwards oil revenue targets for 2016
Finance Minister Seth Terkper has hinted a return to cabinet to review downwards the country’s oil revenue targets for 2016. During his presentation of the 2016 budget statement in November, 2015, Mr Terkper said government had pegged its bench mark projection for a barrel of oil at 53.05 dollars for 2016, in line with the…
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Govt to pay debt owed Ghana Gas by end of March
The Minister of Petroleum, Emmanuel Armah Kofi Buah has hinted to Citi Business News that government was in the process of settling all the debts owed the Ghana National Gas Company by the end of March 2016. According to him, a new debt restricting plan has been put in place which will ensure full payment of outstanding debts…