Author: citibusinessnews
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We won’t devalue cedi – BoG Governor
The Governor of the Bank of Ghana, Dr. Henry Kofi Wampah has rejected calls for the cedi to be devalued ahead of the establishment of a common monetary zone by West African countries. According to him, the cedi’s rate has always responded to market conditions which makes it unnecessary for it to be devalued. [contextly_sidebar…
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(Audio) Street economics: Market women cry for help
Market women in Makola, a business district in Accra have told Citi Business News they may be forced to halt operations if government does not step in to save their business. Speaking to Citi Business News on its series dubbed ‘street economics’ which focuses on how players in the informal sector are dealing with the…
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Water tariff hikes to push companies out of business
The increased cost of water is having adverse impact on businesses that use water on a large scale. The price of water has since December last year, gone up by 67.2 percent. The sachet and packaged water producers association of Ghana were the first to have hinted of price hikes due to the increased cost…
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(Audio) Street economics: Market women cry for help
Market women in Makola, a business district in Accra have told Citi Business News they may be forced to halt operations if government does not step in to save their business. Speaking to Citi Business News on its series dubbed ‘street economics’ which focuses on how players in the informal sector are dealing with the…
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(Audio) Business activities slow down few weeks to Christmas
Business activities within the central business district of the nation’s capital appear to have slowed down with barely a month to Christmas. Some vendors who have been speaking to Citi Business News have expressed mixed feelings at the turn of events. While others are hopeful of trading activities, some are skeptical owing to current challenges…
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(Audio) Budget Watch 2016: Bankers vow to resist tax increases
The second edition of the series “budget watch” which focuses on the 2016 budget statement to be presented to parliament tomorrow 13th November, 2015 by Finance Minister Seth Tekper, this time round threw the spotlight on the banking and financial sector. Players in that industry have joined other sectors demanding that government refrains from imposing additional taxes on…
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Vivian Kai Lokko: ‘Why China’s trouble is Ghana’s trouble’
China, the world’s second biggest economy has not been doing too well this month August, 2015. Economic growth has slowed down, it’s markets have slumped and the currency has also seen significant devaluation, among others. Economists around the world fear the development will have serious implications on many countries if Beijing does not contain it’s…
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GAWU dismisses adverse impact of new tax law on agric sector
The General Agricultural Workers Union (GAWU) has downplayed fears that the introduction of taxes on certain subsectors of the agric sector will have serious consequences on agriculture. [contextly_sidebar id=”9iSBlnZNCgvRhVVyxl3KjZfsUqGDdYdS”]The comments follow the implementation of the new income tax law. Per the new law, agro processing businesses which are conducted wholly in the country and prior…