Author: citibusinessnews
-
MultiChoice denies offering preferential treatment to some countries
Africa’s leading pay television provider MultiChoice has denied offering preferential treatment to subscribers in some countries it operates in. The pay television provider has come under fire from viewers in Ghana over the high subscription rates it charges in the country as compared to other viewers across the continent. Multichoice operates in over 53 countries in…
-
BOG to commence MPC meetings
The Monetary Policy Committee (MPC) of the Bank of Ghana will commence its meetings to review developments in the economy from Monday, 7th July. The meetings will end with a press conference which will be addressed by the Governor of the Bank of Ghana Dr. Henry Kofi Wampah on Wednesday, 9th July. The meeting will also end with a…
-
Sole Commissioner wants UK court judgement on GNPC-SG case
Justice Yaw Apau, Sole Commissioner of the Judgement Debt Commission, on Monday directed Ghana National Petroleum Corporation (GNPC) to procure a copy UK High Court judgement and proceedings involving it and Societe General. The Commission had asked for the judgement but the GNPC could not produce it at the Commission’s sitting Monday, but Justice Apau…
-
GSS defends agric census budget
The Ghana Statistical Service (GSS) has defended its budget of 20 million dollars that it will be spending on the agricultural Census. The census is being undertaken by the GSS and the Ministry of Food and Agriculture with technical support from the Food and Agriculture Organization (FAO). The census is intended to help collect information…
-
ETI tops all on GSE
Ecobank Transnational incorporated (ETI) recorded the most impressive performance on the Ghana Stock Exchange (GSE) in the month of June. The bourse in all returned about 5 percent for financial stocks. The total market capitalization increased to 62.8 billion cedis from May, 2014 to 62.5 billion cedis in June this year. 6 out of 10…
-
Organized Labour to strike over pension funds
Organized Labour has given government a two week ultimatum to allow workers manage their funds under the National Pensions Act of 2008. Workers under the act are required to contribute 5.5 per cent of their earnings into a private fund as part of a mandatory second-tier programme. The pension scheme is currently managed by the…
-
GSS to spend $20m on agricultural census
Ghana Statistical Service (GSS) is to spend $20 million on the on-going Agricultural Census spanning 2014-2017. Mr Anthony Amuzu, Director of Survey Organization and Census Directorate, said the census is being undertaken by the GSS and the Ministry of Food and Agriculture with technical support from the Food and Agriculture Organization (FAO). At the Inauguration…
-
We will move out – NPA
The National Petroleum Authority (NPA) says it will comply with the Chief of Staff’s directive for the authority not to renew the $63, 000 rent agreement for its current head office. The Chief of Staff’s directive comes in the wake of raging public anger over the NPA’s decision to dole out $63,000 monthly as rent for the building. The Public…
-
17.5 percent VAT postponed until further notice
The Ghana Revenue Authority (GRA) has deferred the implementation of the 17.5 percent Value Added Tax (VAT) charges on non-core financial services. The GRA in a statement noted that suspension of the implementation will allow for more time for public education and adequate preparation by the banks for a smooth implementation. ” After a careful…