Author: citibusinessnews
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Ghana Hotels Association to petition PURC over tariff increment
The Ghana Hotels Association has revealed its intention to petition the Public Utilities Regulatory Commission (PURC) over the recent tariff increment. On June 1, 2023, the PURC approved an upward adjustment in water and electricity tariffs. The decision to increase the tariffs was based on various factors considered by the regulator, including the cost of…
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CBOD laments adverse impact of gold for oil policy on bulk oil distributors
Dr. Patrick Kwaku Ofori, the CEO of the Ghana Chamber of Bulk Oil Distributors, has expressed concerns about the government’s gold for oil policy, which he believes has put bulk oil distributors in a difficult position, competing directly against the government. This policy was implemented as a strategic move by the government to address the…
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Pensioner Bondholders justify decision to petition CHRAJ over interest
The Convener of the Pensioner Bondholders Forum, Dr. Adu Anane Antwi, has justified the forum’s decision to petition the Commission on Human Rights and Administrative Justice (CHRAJ) over the government’s failure to pay accrued interest on outstanding principal payments. Speaking on Eyewitness News on Citi FM on Thursday, Dr. Antwi said that the government was not treating its citizens…
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We are poised to eradicate poverty through SEED initiative – SSNIT
The Social Security and National Insurance Trust (SSNIT) says it is poised to eradicate poverty in the country by insuring the active income of informal sector workers through its Self-Employed Enrollment Drive (SEED) initiative. SSNIT said this would avert the overreliance of such persons on their children and lessen the burden on the government’s social…
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Govt aims to transform fishing industry with new aquaculture centre
President Nana Addo Dankwa Akufo-Addo says his government is keen on transforming Ghana’s fishing industry. Recognizing the crucial role of the sector in the country’s economy and the livelihoods of countless Ghanaians, the President pledged to implement a series of measures to improve its sustainability. The President made this promise during the inauguration of the…
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Maiden Ghana Automotive Summit set for June 27
All is set for the maiden Ghana Automotive Summit 2023 being organised by the Automobile Assemblers Association of Ghana on the 27 June 2023, at the Accra International Conference Centre (AICC) Grand Arena. The Summit is on the theme: “Creating A New Economic Backbone for Ghana and The Sub-Region,” and will present the opportunity for…
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Govt issues one-month ultimatum for merchant subscribers to register SIMs
The Ministry of Communications has announced that almost 280,000 merchant SIMs have not been registered, offering fraudsters an opportunity to use them in perpetuating their activities. The Minister of Communications and Digitalization, Ursula Owusu-Ekuful, provided an update on the SIM re-registration exercise in Parliament, stating that all unregistered merchant SIMs will be blocked permanently at…
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GRA apprehends shop owners at Achimota for tax infractions
Three shop owners at Achimota, a suburb in Accra, have been apprehended for flouting tax laws of Ghana. The move is a continuation of the GRA’s exercise to have businesses comply with the VAT issuance regime as a civil responsibility. At least 50 business owners have so far been cited for wrongdoing since the commencement…
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Telcos, BoG to collaborate to retrieve locked funds on MoMo accounts – Ursula
The Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, has announced that Mobile Network Operators (MNOs) are working with the Bank of Ghana to facilitate the retrieval of funds for individuals whose monies are locked up in mobile money accounts. Numerous subscribers have voiced their concerns regarding the inability to access their funds on mobile money…
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GOIL records 26% increase in profit in 2022; approves ¢0.056 dividend per share
The Ghana Oil Company Limited, GOIL has recorded an impressive growth performance across key indicators of its operations for the year ended 31st December 2022. The company registered a profit after tax of 123.89 million cedis, representing an increase of 26 percent higher than what was recorded last year. The company also declared a dividend…