Author: citibusinessnews
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NPA to regulate bitumen supply chain to ensure quality and efficiency
The National Petroleum Authority (NPA) is developing a framework to regulate the importation, storage, processing and marketing of bitumen in the country. The framework, which will have inputs from the Ghana Standards Authority (GSA), the Ghana Highways Authority (GHA), and the Customs Division of the Ghana Revenue Authority (GRA), is to streamline the bitumen supply…
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Supply disruptions caused fuel shortages – GOIL
GOIL has attributed the recent fuel shortage at some of its stations across the country to operational challenges occasioned by supply disruptions. A statement by GOIL apologised for the inconvenience caused and revealed that over two million litres of fuel have been dispatched to stations experiencing the shortages. GOIL added that over one million litres…
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Nkoransa Omanhene urges informal sector workers to embrace tier-3 pension scheme
The Omanhene of the Nkoransa Traditional Area in the Bono East Region, Nana Akrapim Baffo Agyentaduahene IV is urging informal sector workers in the traditional area to join the tier-three pension scheme to secure their future. Nana Agyentaduahene IV gave the advice when personnel from the Bono Zonal Office of the National Pensions Regulatory Authority…
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NCA to introduce shortcode for verifying phone numbers linked to Ghana Cards
The National Communications Authority (NCA) has disclosed plans to create a system that will enable the public to verify the number of SIM cards linked to their Ghana Cards. Reports of numbers linked to peoples’ Ghana Cards have been on the increase recently with many calling for a common and simple system that will allow…
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Ghana Airports Company Limited holds 8th annual General Meeting
The Deputy Minister for Transport, Honourable Hassan Tampuli has commended the Board and Management of Ghana Airports Company Limited (GACL) for gradually steering the company out of the financial challenges brought about by the COVID-19 pandemic. He made these comments at the 8th Annual General Meeting of GACL held at Kotoka International Airport. Hon. Tampuli…
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Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it
A number of African countries, including Kenya, Egypt, Zimbabwe, Nigeria, Ghana and Zambia, are currently experiencing shortages of US dollars. The dollar is the dominant currency in international transactions. These countries rely on the US currency to pay for foreign debts, essential goods and industrial inputs. Development economist Christopher Adam explains to The Conversation Africa’s…
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Ghana’s bilateral creditors set to clear way for $3bn IMF bailout
Ghana hopes to take a big step towards restructuring its $58bn-worth of debt this week, with its bilateral creditors meeting on Tuesday to discuss whether to provide enough relief to unlock a $3bn IMF bailout. Ghana owes $5.5bn to foreign governments and their state banks. Ken Ofori-Atta, finance minister, said he had “hope” those bilateral…
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AGI disappointed over passage of 3 new revenue bills
The Association of Ghana Industries (AGI) has expressed disappointment over the passage of government’s three new tax bills into law, by Parliament. In a statement signed by its Chief Executive Officer, Seth Twum Akwaboah, the Association, said the passage of the bills is detrimental to the economic growth of the country because they “pose very…
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Lancaster University Ghana trains 21 Vodafone staff on AI, ML
Twenty-one staff of Vodafone Ghana in Accra have completed training on Artificial Intelligence (AI) and Machine Learning (ML) conducted by Lancaster University Ghana (LUG). The course, which was facilitated by the Deputy Head of the LUG Computer Science Department, Dr. Pius Gadosey, focused on introducing AI and ML concepts, algorithms, practical applications, current possibilities, and…
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Excessive tax policies may heighten cost of living – Federation of Labour
The Ghana Federation of Labour (GFL) has cautioned the Government to be mindful of overburdening the manufacturing sector with tax policies as that may result in widespread unemployment, increased cost of living, and endanger national security. Mr Abrahma Koomson, the GFL Secretary, in a statement said, with the current financial crisis and taking into account…