Author: citibusinessnews
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Vanguard Life trains staff in Customer Service Management
Vanguard Life Assurance, an indigenous life underwriter, has organized customer service training for its staff and management in Accra. The day’s training brought together 79 participants from all branches, both in-person and virtual. The training which was facilitated by highly acclaimed training experts, the MIKENZY CONSULTING LIMITED was largely appreciated by staff and management looking…
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Citi TV, UPSA to hold post-budget dialogue on March 18
Citi TV and the University of Professional Studies, Accra (UPSA) will hold a post-budget dialogue on Thursday, March 18. The theme for the programme is “Building Consensus for Effective Implementation of National Economic Policies.” The dialogue, scheduled to start at 4 pm on the day, will consist of a panel discussion and, question and answer…
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Government proposes new tax on fuel
The government is proposing a new tax on petroleum products following the 2021 budget. This new tax, the Sanitation and Pollution Levy, is to fund efforts to fund investment in the areas of sanitation and pollution. The levy is for 10 pesewas on the price per litre of petrol/diesel under the Energy Sector Levies Act…
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Ghana’s debt stock rises to over GHS291 billion
Ghana’s debt stock has hit GHS291.6 billion as of December 2020. This was disclosed on Friday, March 12, 2021, by the Minister for Parliamentary Affairs and caretaker Minister for Finance, Osei Kyei-Mensah-Bonsu. “The total public debt has increased from GHS122 billion, which is 69% of GDP to GHS291.6 billion, which is 76.1% of GDP, as…
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2021 budget: Provide alternative to botched PDS deal – ACEP to government
With the budget reading some hours away, the Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye says he is expecting to hear something on an alternative deal to the botched Power Distribution Services (PDS) deal and the threatening energy sector debt. The review of the PDS deal by the Akufo-Addo administration…
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Don’t introduce new direct taxes – Ashanti Regional GUTA to government
Ahead of the 2021 budget statement to be presented in Parliament, the Ashanti Regional branch of the Ghana Union of Traders Association, GUTA is urging government not to introduce new direct taxes that have the potential of affecting their businesses. In order to relieve them of the harsh impact of the coronavirus pandemic, GUTA wants…
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Fruit Exporters threaten to use Lome ports if licenses are not renewed
Members of the Sea-Freight Pineapple Exporters of Ghana (SPEG) are angry over what they call “unnecessary interferences” in their business by the Ghana Ports and Harbours Authority (GPHA). According to the Association, these interferences have led to an exorbitant increase in cost of operations to the tune of $245, 796 and 283,809 in 2019 and…
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Economy to rebound strongly as GDP growth nears 5% – Akufo-Addo
President Akufo-Addo says Ghana is expected to have a GDP growth rate of about 5 percent following a year affected by the COVID-19 pandemic. Speaking during his State of the Nation address, President Akufo-Addo said this growth rate would beat observer projections. This is in line with the 4.9 percent growth projection made by the…
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Government will engage Parliament on future of Agyapa deal – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has hinted of his intention to engage the 8th Parliament on the future of the Agyapa transaction. Speaking in Parliament on Tuesday, March 9, 2021, as he delivered his first State of the Nation Address of his second term, the President said “let me, at this point, assure the House…
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Ghana card numbers to become TIN from April 1
All National Identification numbers will become Tax Identification Numbers [TINs] from April 1, 2021. This was disclosed by President Nana Addo Dankwa Akufo-Addo in his State of the Nation Address in Parliament today, Tuesday, March 9, 2021. “Mr. Speaker for the first time, we have enrolled 15.5 million people onto the National Identity System [Ghana…