Author: citibusinessnews
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EOCO, Ghana Association of Bankers nab 4 in GH¢200,000 SIM swap fraud
The Economic and Organised Crime Office (EOCO) in collaboration with the Ghana Association of Banks, has arrested four (4) persons engaged in SIM swap fraud. Suspects, according to a representative of the Association of Banks, Mr. Ransford Nana Addo Jnr, were picked up at various locations in the country for colluding and illegally accessing the…
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Lands Commission to inaugurate Ahafo and Bono East Regional offices
The Deputy Minister for Lands and Natural Resources, Honorable Benito Owusu-Bio would be inaugurating the Lands Commission’s Ahafo and Bono East regional offices on Thursday 7th April and 8th April 2022 respectively. It is a constitutional mandate for the Commission to establish its offices in all the sixteen regions of Ghana. The exercise also forms…
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ISSER to lead new research initiative to deepen digital financial inclusion
The Institute of Statistical Social and Economic Research (ISSER) at the University of Ghana is set to undertake a four-year multi-million-dollar research initiative. The Retail Finance Distribution (ReFinD) Research Initiative is focused on deepening digital financial inclusion and improving women’s access to financial services in low- and middle-income countries (LMICs). The project is led by Prof. Peter…
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Transactions to be affected by E-levy
As part of efforts to expand the country’s tax base, raise Ghana’s tax to GDP ratio and support government’s efforts at building an entrepreneurial country, government in the 2022 Budget, announced the introduction of the Electronic Transfer Levy (E-levy). The E-levy is a tax imposed on electronic transfers charged at the time of transfer. The…
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Defaulting controllers charged to register with Data Protection Commission or face prosecution
251 defaulting data controllers have been given a two-week ultimatum to register with the Data Protection Commission or risk prosecution. This is according to the Data Protection Commission. According to the commission, the defaulting institutions failed to register with it, even after an earlier 14-day notice had been issued to them to do so. Addressing…
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COCOBOD warns of possible fertilizer shortage over Russia-Ukraine war
The Ghana Cocoa Board, COCOBOD, is predicting fertilizer shortage for cocoa farmers in the coming years. Chief Executive Officer of COCOBOD, Joseph Boahene Aidoo, attributed the impact of COVID-19 and the current Russia-Ukraine war as reasons for the potential shortage. “Russia, Ukraine, and Belarus are the three countries that produce the base elements for fertilizer…
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Finance Minister outlines seven measures to raise revenue domestically
Finance Minister, Ken Ofori-Atta, has announced some seven measures to raise revenue domestically as part of efforts to address the current economic challenges. According to him, cutting down on expenditures alone will not be enough to revive the ailing economy and that the government’s focus is two-fold: to control expenditure and to raise more revenues…
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Gov’t slashes fuel coupons for appointees by 50%
Government appointees will have to endure a reduction in their fuel coupons as the government initiates steps to cut down on its expenditure. The Minister of Finance, Ken Ofori-Atta in his address to the nation on Thursday, March 24, 2022, announced a 50% decrease in the fuel allocations for government appointees. “These times call for…
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KIC, Mastercard Foundation train entrepreneurs in agriculture sector
The Mastercard Foundation and the Kosmos Innovation Center (KIC), have launched a multi-year partnership to train the next generation of young leaders, and entrepreneurs in Ghana’s agriculture sector. Dubbed Initiative for Youth in Agricultural Transformation (I.Y.A.T), the program will scale KIC’s proven transformational model and initiatives such as the AgriTech Challenge, Business Booster, and Business…
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Ofori-Atta to address Ghanaians today on measures to revive economy
Finance Minister, Ken Ofori-Atta, will today, Thursday, address Ghanaians on decisions taken by the government to address recent economic challenges facing the country. Ken Ofori-Atta is expected to give details of measures adopted by government to revive the struggling economy, a fallout from the the three-day Cabinet retreat held at the Peduase Presidential Lodge over…