Author: citibusinessnews
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Parliament passes three new taxes
Parliament has passed the Excise Duty Amendment Bill 2022, the Growth and Sustainability Levy Bill, 2022, the Ghana Revenue Authority Bill 2022 and the Income Tax Amendment Bill 2022. The financial bills presented to Parliament by the government seeks to rake in about 4 billion Ghana Cedis annually as part of domestic revenue mobilisation. The…
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BoG cautions against use of Ghana Cedi for bouquets and hampers
The Bank of Ghana has cautioned Ghanaians against the use of cedi banknotes as bouquets and hampers when gifting people. According to Bank, the currency was issued to be used as a medium of exchange for the purchase of goods and services and not for gifting people. Addressing the media on how to preserve the…
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GH¢5.5bn approved by Parliament not only for Blackshield customers – SEC
The Securities and Exchange Commission (SEC) has rejected claims that the GH¢5.5 billion approved by Parliament in 2021 to settle owed customers of defunct fund management companies is only for Defunct Gold Coast Management, now Blackshield customers. According to the SEC, the approved funds are for all investors in the 47 fund management companies that…
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BoG assures of enhanced educational campaigns to ensure proper handling of local currency
The Bank of Ghana has assured that it will continue to put in place measures to ensure the proper handling of Ghana’s local currency notes. This the Bank notes has risen due to the upsurge in the number of worn-out currencies in circulation, hence the need to embark on rigorous processes to save the currency…
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Youth in Accountable Governance calls for passage of outstanding revenue bills
Youth in Accountable Governance, a non-partisan movement of young people committed to promoting transparency, accountability, and good governance, is urging Parliament to pass three critical pieces of legislation: the Excise Duty Bill, Income Tax Bill No. 2, and the Growth and Sustainability Bill. These bills are critical to promoting sustainable economic growth and improving the…
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IES predicts drop in fuel prices from April 1
The Institute for Energy Security (IES) is forecasting a 2% to 5% decrease in fuel prices in the first pricing window in April. According to IES, Liquefied Petroleum Gas will be the biggest gainer, with a 9% decrease in price. IES Research Analyst, Adam Yakubu, speaking to Citi News said, this development is due to…
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Journalists trained on the Enrolment of cocoa farmers in pension scheme
Selected journalists from media houses in the Western Region have been trained ahead of an enrolment exercise expected to start in the Region to enrol cocoa farmers on the Cocoa Farmers Pension Scheme (CFPS). The journalists, who were mainly into reporting on cocoa and agricultural-related activities in the region were drawn from media houses in…
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Kamala Harris calls for investment to empower women
Vice President of the United States, Kamala Harris has called for intentional investment for the empowerment of African women. On day three of her nine-day tour of Africa, the American Veep charged Africa to ensure the economic empowerment of its women when she addressed a crowd of students at the Black Star Square in Accra.…
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Ghana’s IMF progress: Paris Club, China & other creditors agree to form OCC
Ghana’s Minister for Finance, Honourable Ken Ofori-Atta, has divulged that Ghana has made significant progress in its discussions for debt treatment with the Paris Club and other bilateral creditors. This was shared after a meeting on 21st March, 2023, with Ghana’s creditors. The Paris Club, together with other creditors including China, India, Saudi Arabia, and…
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Economic crisis: US to seek Paris Club’s support for Ghana
The United States government has promised to intervene on Ghana’s behalf with the Paris Club as the country seeks debt forgiveness as part of the International Monetary Fund’s balance of payment support. The US Vice President, Kamala Harris, announced this at a joint Press Conference with President Akufo-Addo. According to Mrs Harris, the US will…