Author: citibusinessnews
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PEF signs service charter with 3 state agencies to boost business operations
The Private Enterprise Federation, PEF, together with three state institutions, have developed a new services charter aimed at improving the ease of doing business. The institutions include the Factories Inspectorate, the Environmental Protection Agency and the Spatial Planning Department. Among others, PEF in a survey cited the delays in acquiring permits from such institutions as…
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Gov’t urged to deploy technology in slapping spot fines on traffic offenders
Chief Executive Officer and co-founder of AppsNMobile Technology Software Development Company, Richard Bansah, is urging government to consider deploying technology in the administration of spot fines to generate enough from wayward road users. Speaking on the Business Edition on the Citi Breaksfast Show, Mr. Bansah said there is huge revenue to be made from indiscipline…
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Soon in Ghana: Huawei nova introduces new era of futuristic selfies and excellent night photography
Smartphone enthusiasts are gearing up ahead of the news of the release of Huawei nova 5T onto the Ghanaian market. Young people have high standards for smartphones, as many regard their phone as an extension of their personality. They demand a gadget with a fashionable design that can be shown in public and obtain validation…
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Gov’t to regulate importation of ‘second-hand’ and ‘accident’ vehicles
Parliament is set to put in place a regulatory framework for the importation of ‘second-hand’ and salvaged vehicles. This is captured in the Customs Amendment Bill which is on the agenda of the house for consideration. Speaking at an Encounter with the media, the Majority Leader, Osei Kyei Mensah Bonsu, indicated that such a regime…
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Credit Suisse boss Tidjane Thiam quits after spying scandal
Credit Suisse chief executive Tidjane Thiam has resigned amid a power struggle which followed a spying scandal at the bank. He is stepping down after five years at the Swiss bank just months after it emerged that two former employees had been placed under surveillance. Mr Thiam said he did not know the spying was…
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GIPC woos US investors at business meeting with Mayor of Broward County
The Ghana Investment Promotion Centre (GIPC) has intensified efforts to boost investments in the country with a call on foreign governments and individuals to take advantage of the country’s numerous investment prospects to facilitate development. The Centre says there are many investment opportunities that are underutilized or untapped, requiring huge capital and human investments. An…
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Gov’t to hold crucial meeting with Neoplan Ghana over company’s struggles
The Managing Director of Neoplan Ghana, George Nassar, has told Citi Business News government will engage shareholders of the company on Friday February 7, 2020, to discuss a revival strategy for the struggling firm. Neoplan Ghana announced a planned shutdown in January due to lack of contracts and increasing losses. A government intervention however stayed…
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Ghana’s petroleum revenues dip amidst production challenges
Ghana’s petroleum revenues for 2019 fell by more than four percent according to provisional data released by the Bank of Ghana. The central bank’s data released earlier this week shows that the country recorded US$503.1 million from crude oil liftings, surface rentals and corporate taxes in the second half of 2019. The first half of…
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Ashanti groups take on GIADEC over bauxite mining in Nyinahin Forest Reserve
Some groups in the Ashanti Region are threatening to stop the mining of bauxite in the Nyinahin Forest Reserve over what they call lack of transparency by the Ghana Integrated Aluminum Development Corporation (GIADEC) in its dealings with the host communities. The groups are also calling for the immediate dissolution of the GIADEC Board due…
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China halves tariffs on more than 1,700 US goods
China plans to halve tariffs on 1,717 goods it imports from the US as the country faces the fresh challenge of the coronavirus. Chinese officials said tariffs on some goods would be cut from to 5% from 10%, and on others from 5% to 2.5%. The two countries have been stuck in a long-running trade…