Author: citibusinessnews
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Five financial bills to be laid before Parliament as MPs return today
The Revenue Administration Regulations, 2023, along with several other financial bills are to be laid before Parliament as the House reconvenes today, Tuesday, June 6. The other Bills are the Customs (Amendment) Act, Income Tax (Amendment) Regulations, VAT (Amendment) Regulations, and the Insurance Regulations, 2023. These were revealed by the Member of Parliament for Nsawam…
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Africa Agribusiness and Science Week kicks off in Durban
The 8th Africa Agribusiness and Science Week (AASW8) is underway in Durban, South Africa, from June 5-8. The week-long event is held under the theme “Linking Agribusiness with Science and Innovation for Sustainable Agriculture and Food Systems”. This will feature workshops, agritech expo, an investment forum, match-making sessions, and AfCFTA CAAPs. The conference seeks to…
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We’ll be swift with Ghana’s economic recovery – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta, has reiterated the government’s commitment to swiftly restore Ghana’s economic fortunes in the shortest possible time. Speaking at MTN Group’s 2023 Capital Market Day (CMD) in Johannesburg, South Africa, a two-day event aimed at engaging with stakeholders in the financial community, Mr. Ofori-Atta expressed the government’s determination to revitalize…
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Ghana and Côte d’Ivoire partner to tackle cocoa smuggling
The Ghana Cocoa Board (COCOBOD) is set to partner Côte d’Ivoire to harmonize the pricing and trading policies of cocoa to help address the issue of cocoa smuggling. Reports suggest that some cocoa farmers in Ghana have been smuggling their cocoa beans to Côte d’Ivoire for sale due to the higher prices offered in that…
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Sole implementation of cylinder recirculation model threatens our investment – LPG Operators
The Ghana Liquefied Petroleum Operators Association (GLPOA) has cautioned the government to stop the exclusive implementation of the Cylinder Recirculation Model (CRM) programme, as it will be a direct threat to investments made by Ghanaians in the LPG business. Speaking to Citi Business News during the opening of their 5th National Congress in Takoradi, the…
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Mobile money disrupted banking in Ghana – Zeepay CEO
Founder and Chief Executive Officer of Zeepay, Andrew Takyi-Appiah, says the introduction of mobile money disrupted banking in Ghana and other parts of Africa. He indicated that mobile money broke the “curse” of Ghanaians’ inability to walk into a bank to transfer money to another bank “over the counter”. The CEO of Zeepay observed that…
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Independent Power Producers demand 30% payment of arrears
The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB) is demanding the payment of 30 percent of outstanding arrears owed its members by government. This call was agreed upon at an emergency meeting of IPPs on Tuesday 23rd May 2023. A statement issued by the Chamber and signed by its Chairman, Togbe Afede…
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We are confident of meeting IMF conditions for fiscal consolidation – Ofori – Atta
Government has stated that it is certain of meeting the International Monetary Fund’s (IMF) requirements for fiscal consolidation in its quest to ensure economic recovery. The IMF, in its report on Ghana’s request for a $3 billion dollar extended credit facility, attributed Ghana’s economic challenges to weak domestic revenue mobilization efforts. The Fund also said…
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Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe
The Minister for Public Enterprises, Hon. Joseph Cudjoe has indicated that the increasing rate of cyberattacks on critical infrastructure across the globe make the mandate of the Cyber Security Authority (CSA) the most vital institution of the State given the current direction to digitalise all sectors of the economy. According to him, the CSA is…
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MTN shareholders given choice to convert dividend or take cash
Telecommunications Giant, MTN Ghana has secured approval to give shareholders the option to receive their final dividend payment of GHS0.124 per share for the 12-month period ended 31 December 2022, in cash or shares. The new method which was approved at the company’s fifth Annual General Meeting (AGM) on Tuesday, 30th May, 2023, through a…