Author: citibusinessnews
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#CitiBusinessFestival: Be committed to partnerships to attract more FDIs – Yofi Grant to businesses
The Chief Executive Officer of the Ghana Investment Promotion Center (GIPC), Yofi Grant, says Ghanaian businesses that seek to enter into joint ventures with foreign companies must understand the terms of such engagements, and give off their best to attract more Foreign Direct Investments. “In mining, a lot of development is from the foreign direct…
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Agbogbloshie & Mallam Atta Markets: Traders lament impact of heavy rains on patronage
The onset of the rains in Ghana around this time is largely a blessing for the population engaged in farming, especially because irrigation facilities are woefully inadequate, making all-year round farming challenging. However, aside from the floods that render many homeless, some traders at the Agbogbloshie and Mallam Atta Markets in Accra say the rains…
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Illegal Forex trading has reduced due to our policies – BoG Governor
The Governor of the Central Bank, Dr. Ernest Addison, has indicated to the Public Accounts Committee of Parliament, that activities of illegal Forex trading, also known as the Black Market, have reduced. This he attributes to better decisions taken by government in its management of the economy. “I think the pressure in terms of the…
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#CitiBusinessFestival: Pharmaceutical firms urged to use AfCFTA to boost drug production
Businesses in the pharmaceutical and healthcare sector have been challenged to take advantage of the Africa Continental Free Trade Area (AfCFTA) to export more of their products to other African countries. Even though the African pharmaceutical market is growing rapidly, the continent still imports over 70% of the drugs it consumes. Commenting on the opportunities…
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Cut down livestock importation and support local farmers – Animal Scientist urges Gov’t
An Animal Scientist, Doris Yaa Osei, says Ghana cannot continue to import livestock worth millions of cedis annually, when local farmers have the ability to produce for local consumption. According to her, the importation of pork, poultry and cattle, has seen tremendous increase over the years, with some 740 million cedis spent on livestock importation…
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Ride Hailing Apps: Smart Drivers’ Union want service charge pegged at 15%
Smart Drivers’ Union, a group of drivers who use the existing Ride Hailing Apps in Ghana is appealing for a reduction in the service charge levied by their respective operators. The drivers say the 20 to 25% charge on each ride, leaves them with minimal profit. They are thus seeking a 15% flat rate from…
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Tackling Youth Unemployment: Business Dev’t Ministry launches 3rd Presidential Pitch
As part of Government’s efforts to reduce unemployment among the youth, the Ministry of Business Development has launched the third Presidential Pitch initiative. The Pitch focuses on building an entrepreneurial ecosystem for the thriving youth between the ages of 18 and 35 years. For this year, government is dedicating one million cedis for ten final…
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We’ll leverage on technology to boost efficiency with new Tax Audit unit – GRA
The Ghana Revenue Authority, GRA, has said it will leverage on technology to boost efficiency at its new Tax Audit and Quality Assurance Unit. The GRA in collaboration with the Ministry of Finance have jointly inaugurated a new Tax Audit and Quality Assurance Unit to ensure a centralized audit planning process and guarantee quality auditing.…
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GRA, Finance Mins. inaugurate Tax Audit & Quality Assurance Unit to check corruption
The Ministry of Finance and the Ghana Revenue Authority, GRA, have jointly inaugurated a new Tax Audit and Quality Assurance Unit to ensure a centralized audit planning process and guarantee quality auditing. The unit will among other things enhance transparency in the tax space, while working to eliminate corrupt acts in revenue mobilization in the…
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Expand COVID support scheme to cover more businesses – Chamber of Commerce to Gov’t
The Chairman of the Accra Branch of the Ghana National Chamber of Commerce and Industry, Nana Kwame Agyenim Boateng, has appealed to government to expand the scope of the Coronavirus Alleviation Programme Business Support Scheme to support more private enterprises. So far, more than one hundred and ten thousand businesses have successfully completed their application…