Author: citibusinessnews
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Consumer Protection Agency accuses British Airways of charging Ghanaians $50 ‘illegal’ ticket fee
The Consumer Protection Agency (CPA) has accused British Airways of charging Ghanaians seeking to buy airline tickets an additional $50 fee. Insisting that the extra fee is illegal, the CPA slammed British Airways in a statement and asked the firm to stop the charge with immediate effect. “CPA’s attention has been drawn to an illegal…
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GRA impounds container over alleged non-payment of duty
Customs officers in the Ashanti Region have intercepted a container carrying goods after discovering that the owner had failed to pay duty on them. The officials have sent the case to the Customs Division investigative Department of the Ghana Revenue Authority for further investigation. This container was intercepted at Adiembra, a Kumasi suburb, after customs…
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Ghana to host maiden Africa Energy Technology conference in August
The AETC Africa Energy Technology Conference is set to take place from the 8th to the 10th of August 2023 in Accra, Ghana. Proudly organized by the Africa Energy Technology Centre under the auspices of the Ministry of Energy Ghana. This landmark event will bring together industry leaders, policymakers, researchers, and innovators from across Africa…
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May inflation rises marginally to 42.2% after four consecutive decreases
Inflation for May 2023 has experienced a marginal increase, rising from 41.2% in April 2023 to 42.2%. This means that in the month of May 2023, the general price level was 42.2% higher than May 2022. Month-on-month inflation between April 2023 and May 2023 was 4.8%. The Government Statistician, Prof. Samuel Kobina Annim, disclosed that…
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1D1F: We’ve supported 48 companies not 60 – Trade Ministry clarifies
The Ministry of Trade and Industry has revealed that 48 companies have received a total disbursement of 14 million Ghana Cedis through the One District One Factory (1D1F) Initiative, facilitated by the Ghana Exim Bank. The objective of the 1D1F program is to support the private sector in establishing at least one manufacturing enterprise in…
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#CitiBusinessFestival on-air series: Excessive taxes crippling businesses – govt told
Ismail Ibn Ibrahim, Deputy Managing Partner at Ali-Nakyea and Associates, shared valuable insights while speaking on the topic “Navigating the tax maze as an SME” during the Citi Business Festival on-air series on Tuesday, June 13, 2023. In his discussion, he expressed reservations about the introduction of new taxes and raised concerns about the disregard…
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Citi Business Festival 2023 enters week two; focuses on building resilient SMEs
The Citi Business Festival 2023 will continue this week as it enters its second leg. Conversations will center on Small and Medium Scale Enterprises (SMEs). SMEs make up over 80% of Ghanaian businesses, thus this week’s on-air radio series and TV forum aim at deliberating on how to build successful and resilient SMEs even in difficult…
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Let’s remain optimistic – Otuo Siriboe to Ghanaians
Chairman of the Council of State, Nana Otuo Siriboe II has called upon Ghanaians to maintain a sense of optimism in light of the country’s renewed growth trajectory, supported by the recently approved International Monetary Fund (IMF) Programme. “There is light ahead for Ghana. We must remain optimistic and steadfast in our belief that our…
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South Africa congratulates Ghana on IMF deal, Ofori- Atta pledges speedy economic recovery
In a significant step towards enhancing economic cooperation and addressing shared challenges, Ghana’s Finance Minister, Ken Ofori-Atta, and South Africa’s President, Cyril Ramaphosa, held a productive virtual meeting on Thursday June 1, on the sidelines of the MTN Capital Markets Day in South Africa. The discussion focused on strengthening bilateral ties, exploring mutual benefits, and…
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Ghana returns to gold top spot as output jumps 32%
Ghana recorded a 32% increase in gold production last year, enabling it to win back the top spot from South Africa as the largest gold producer on the continent, the president of the mines chamber said on Friday. Ghana lost its position to South Africa in 2021 after a drastic fall in output. Gold output…