Author: citibusinessnews
-
Financial sector clean-up: Micro finance, S&Ls customers to access deposits from today
Customers of the collapsed microfinance, savings and loans and finance houses will from today, Monday February 24, begin to access their full locked-up funds, the receiver Eric Nana Nipah has confirmed to Citi Business News. The customers of the 347 microfinance companies, 23 savings and loans and finance houses, as well as 39 micro-credit institutions…
-
GOIL reduces fuel prices
A release issued by indigenous petroleum company, Goil, says a litre of its newly introduced SuperXP RON 95 is now 5.40 Cedis while Diesel will now sell at 5.41 Cedis. “The revision in prices is as a result of reductions in international prices of finished products and the appreciation of the Cedi against major currencies…
-
SEC set to issue new licenses to streamline investment banking activities
Capital market operators who would like to engage in assisting firms to raise capital in the form of Initial Public Offerings and bonds should be ready to obtain separate licenses for such activities anytime soon. It follows plans by the regulator, the Securities and Exchange Commission, SEC, to ensure sanity in the market. This will…
-
Parliament urgently needs to take a decision on Tax Exemptions Bill – Tax expert
A Tax Expert and a partner at PricewaterhouseCoopers, Abeiku Gyan-Quansah, has called on Parliament to take a decision on the Tax Exemptions Bill, which was brought before the house last year. Mr. Gyan-Quansah, speaking at a forum organized in Accra by Graphic Business and Stanbic Bank, said there is a lack of urgency in the…
-
Ghana Airports Company to leverage Revenue Development Policy to sustain operations
The Ghana Airports Company Limited should be able to boost its revenue generation sources with the Aviation Revenue Development Policy Initiative rolled out by the Aviation Ministry. Aviation Minister, Joseph Kofi Adda, believes this should also reduce the over-dependence of such state institutions on the national budget. Already, the Terminal One of the Kotoka International…
-
Nigerian shops at Circle still locked as occupants fail to produce business permits
The over 600 foreign-owned shops locked up by some members of the Ghana Union of Traders, GUTA in December 2019 at the Kwame Nkrumah Circle in Accra, have not been reopened. This is because the occupants have failed to produce their business operating permits after a Presidential Committee on Retail Trade set up by the…
-
Technology is creating more jobs; Africans must catch up – MTN Ghana CEO
The Chief Executive Officer of MTN Ghana, Selorm Adadevoh, has reiterated the need for Africans to acquire the skills and know-how needed to enable them take advantage of the changes in the world of work due to evolution within the digital space. According to him, Africa needs to develop and implement a plan on technology,…
-
Review fuel subsidy to benefit target group or scrap it – Fmr. Goil MD
A former Managing Director of Goil, Patrick Akorli, is pushing for the scrapping of subsidies on petroleum products. He argues that the impact of subsidies has not reached the targeted beneficiaries. Speaking at the launch of the Petroleum Product Marking Scheme by the National Petroleum Authority to trace quantities of petroleum products at all operational…
-
Encroachment on our lands threatens aviation safety – GCAA
The staff union of the Ghana Civil Aviation Authority (GCAA) is warning of an imminent interruption in the company’s operations over the continuous invasion of lands which accommodate some air navigation equipment. The workers are demanding an end to what they call the illegal takeover of lands demarcated for their work. Already, they are resisting…
-
Food prices have reduced; but we must stabilize it – Esoko confirms President’s claims
Esoko Ghana, a provider of digital solutions and services for agriculture and data collection, has charged government to do more to stabilize the prices of food and other commodities on the market by boosting production. The comment follows President Akufo-Addo’s remark that the Planting for Food and Jobs policy has helped to reduce the prices…