Author: citibusinessnews
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Expect another fuel price hike in February – IES
The Institute for Energy Security (IES) is projecting a further increase in the prices of Liquefied Petroleum Gas (LPG), Diesel, and Petrol at various pumps across the country, over the next two weeks. According to the Institute for Energy Security, this is in spite of the suspension of the Price Stabilization and Recovery Levy (PSRL).…
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Republic Bank Ghana commissions ultra-modern head office annex
Republic Bank, a bank committed to providing personalised, efficient and competitively priced financial services, has commissioned its new banking space known as the ‘Republic Court Building’ to make banking easy and convenient for all. The bank also paid for the cost involved in the renovation of the African Union (AU) Square. Speaking at a ceremony…
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Government allocates GH¢44 million to contain Bird Flu outbreak
Government has released GH¢44 million to contain the spread of bird flu across the country. This was disclosed by the Minister for Food and Agriculture, Dr. Owusu Akoto Afriyie. This comes on the back of reported cases of bird flu across the country. According to the Agric Ministry, the outbreak, which occurred in seven out…
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Household incomes reducing at record levels post-COVID – GSS
Ghanaians across the country continue to record reductions in household incomes, while the cost of items such as food continues to be on the rise. This is according to a report by the Ghana Statistical Service dubbed COVID-19 households and job tracker survey 2021. The survey sampled views from a total of 7,999 households across…
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Allianz Life partners MobileMoney Limited to launch Allianz4Life Insurance product
As part of efforts to increase insurance penetration in the country, Allianz Life Insurance Ghana Limited and Ghana’s leading mobile financial services provider, MobileMoney Limited have launched a life insurance product, named “Allianz4Life”. This product provides convenient life insurance solutions to customers of both brands. Highlighting some of the benefits of the product during the…
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Earning salary only manages poverty – Paul Mante
The Managing Director of EDC Investments Ltd, Paul Kofi Mante has advised salaried workers to invest and explore other streams of income in order to attain financial independence. According to him, depending solely on a monthly salary, will only manage poverty and will never help one achieve financial independence to live a desired life. “Traditionally,…
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Government cuts down its expenditure by 20%
The Finance Ministry has revealed that Government has suspended 20 percent of expenditure in the 2022 budget. According to the Ministry, though Parliament has already approved government’s total expenditure for 2022, in a prudent fiscal consolidation move, government has decided to cut down its expenditure, by up to 20 percent. Speaking at a press conference…
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Extensive consultations held; e-levy to be re-laid in Parliament – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta says following the conclusion of extensive consultations on the controversial Electronic Transaction Levy, the government is set to resubmit the Bill before Parliament. Mr. Ofori-Atta said the government expects legislators to approve the document when it is put before Parliament later this month. Voting on the levy led to…
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Kofi Yamoah appointed as new Board Chair of Venture Capital Trust Fund
The President, Nana Addo Dankwa Akufo-Addo, has appointed former Managing Director of the Ghana Stock Exchange, Kofi Yamoah as the Board Chair of the Venture Capital Trust Fund (VCTF) board. Kofi Yamoah has worked at the Ghana Stock Exchange for about 29 years. He was appointed Managing Director of the bourse in 2003. He is…
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We’ve not dismissed 90% of recently recruited staff – BoG
The Bank of Ghana has dismissed reports circulating on social media that it has sacked 90% of recently recruited staff. According to the Central Bank, such reports have been twisted to misinform the general public. In a statement signed by the Bank and sighted by Citi Business News, the Bank noted that it is not…