Author: citibusinessnews
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Liberia suspends all forms of taxes
Citi Business News has learnt the Liberian government has suspended all forms of taxes in the country as it tries to contain the deadly Ebola outbreak. This comes after the Liberian government earlier suspended taxes on rice imports to control increasing prices of essential commodities. According to the Executive Order No. 61, the Government of…
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Govt’s growth projection will be met -Govt statistician
Ghana’s Gross Domestic Product(GDP) is expected to grow at the rate of 6.9% this year. This is according to the latest provisional data provided by the Ghana statistical service. The GDP is an estimate of the total value of goods and services produced in a country and it aims to capture the true monetary value…
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Inflation hits 16.5 percent
Inflation for the month of September hit a record rate of 16.5percent. This is the highest since December 2009. The September inflation rate is up from the rate of 15.9 percent recorded in August. The monthly inflation rate was -0.2 percent. Food inflation hit a rate of 5.8% up from 5.1% recorded in August. It…
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Ghana to co – manage Togo & Benin airspace
The Ghana Civil Aviation Authority (GCAA) has commenced talks with Togo and Benin to co-manage their respective upper airspace. Togo and Benin have requested for autonomy from Ghana in the management of their respective upper airspace, as contention over revenue deepens. The internationally designated Accra Flight Information Region (FIR) which refers to the combined upper…
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Gov’t must subsidize agric insurance – NIC
The National Insurance Commission (NIC) has called on government to subsidize agricultural insurance products for farmers. The call comes at a time when the NIC says farmers in the country cannot afford premiums charged. In collaboration with the German International Cooperation (GIZ) the NIC launched an agricultural insurance policy to protect farmers against financial risks…
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Sanction ‘greedy’ employers – ICU
The Industrial and Commercial Workers Union (ICU) is asking government to deal with employers who exploit their employees. According to the Regional Officer of the ICU, Eleazar Nyannu, about 90 % of all workers in Tema are not satisfied with their work because of poor remuneration from their employers. [contextly_sidebar id=”yoSQfYwP6huLhtb4NeIZqD7dkEKhVZwo”]He made this revelation at the celebration…
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AGI charges Spio-Gabrah to stop ‘dumping’
The Association of Ghana Industries (AGI) has charged the newly sworn-in Minister of Trade and Industry, Dr. Ekow Spio-Garbrah, to as a matter of urgency, resolve the numerous challenges facing industry. Top on the list is the controversial issue of “dumping” on the Ghanaian market. The Chief Executive Officer of the Association Seth Twum-Akwaboah said the…
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Energy Minister inspects electrification projects in W/R
The Minister of Energy and Petroleum, Emmanuel Kofi Buah, has visited some ongoing and completed electrification projects in parts of the Central and Western Regions to acquaint himself with progress of work. The visit was also to interact with leaders of beneficiary communities on proper energy conservation practices among others. The Minister’s visit forms part…
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Reverse 20% import tax on mobile handsets – Importers demand
Importers of mobile phones and accessories are demanding a complete reversal of the 20% import tax on mobile handsets before government presents the 2015 budget next month. The importers have presented a petition to the Finance Ministry, complaining about the negative impact the taxes are having on their businesses. According to them, the 20% import…
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Mass cocoa spraying must be monitored – MP
Minority spokesperson on Agriculture in Parliament, Dr. Akoto Owusu Afriyie, has criticized government for failing to adequately monitor the mass spraying exercise of cocoa farms. The cocoa mass spraying exercise was instituted in 2001 by the Ghana Cocoa Board (COCOBOD), in consultation with government to support cocoa farmers to eliminate cocoa diseases and help increase production. Dr. Owusu…