Author: Ellen Dapaah
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Bus-hailing app, Treepz officially begins operations in Ghana
In Ghana, many factors are increasing pressure in the transport sector to better transport infrastructure especially, in the use of public transport buses, commonly called ‘trotro’. To speed up the pace of this evolution and push the government’s digitization agenda in the transport sector, bus-hailing platform, Treepz, which provides hassle-free shared rides on-demand, has officially…
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Civil servants above retirement age must retire to create jobs for youth – ASEPA
To tackle unemployment in Ghana, the Alliance for Social Equity and Public Accountability (ASEPA), is, among other things, asking the government to compel all personnel in civil service above the mandatory retirement age to proceed on compulsory retirement. A recent report by the Alliance on unemployment shows that close to 40% of persons in the…
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Importers and Exporters Association debunks tax evasion, money laundering claims
The Importers and Exporters Association has debunked media reports which allegedly accuses some of its members of evading taxes at the country’s ports as well as engaging in money laundering through port transactions. This comes on the back of reports by pressure group, Movement for Truth and Accountability which alleged that some importing companies especially…
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Unemployed youth throng YEA Job Fair to seek job opportunities
Thousands of youth thronged the Youth Employment Agency Job Fair on Thursday, September 9, 2021, in search of jobs from several employers. They formed long queues at the Accra International Conference Centre, and many of them struggled to enter the building to secure jobs with companies. In Ghana, available data indicates that about 600,000 people…
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Unilever Ghana records 47% revenue growth in first half of 2021
Unilever Ghana PLC has witnessed a shift in its performance as its recent losses has reduced significantly by 60 percent from GHS16.8 million recorded in the first half of 2020 to GHS6.7 million in the same period this year. The company, for the 2021 half-year, has seen a 47 percent growth in revenue to GHS300…
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![Construction industry still suffering as prices of building materials keep increasing [Video]](https://citibusinessnews.com/wp-content/uploads/2021/09/building-blocks.png)
Construction industry still suffering as prices of building materials keep increasing [Video]
For months now, prices of building materials in Ghana have seen a consistent surge, with no sign of respite soon. The price of cement, for instance, has increased by almost 43 percent between December last year and September 2021. The situation, according to analysts, is having a dire effect on the building industry. In this…
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Investigations commence into aborted KLM flight; report expected in two months
The Aircraft Accident and Incident and Prevention Bureau has commenced investigations into the bird strike incident involving a KLM Aircraft last Saturday. The bird strike affected an area close to the aircraft’s windshield. A statement from the bureau said it expects the investigation to be completed within two months. Former Director-General of Ghana Civil Aviation…
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Banks decrease minimum deposit required to open current accounts – BoG report
A survey of bank charges by the Bank of Ghana for the first quarter 2021 has revealed that the individuals would need at least GHS10 and not more than GHS100 to open a current account with a bank in Ghana. Analysis conducted by Citi Business News on banks’ charges for the second quarter of 2020,…
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GRA to reject companies’ expenses without VAT invoice from October 1
The Ghana Revenue Authority (GRA) says it will reject any expenditure incurred by any company in Ghana without a Value Added Tax (VAT) invoice starting from October. This, according to the Authority, forms part of moves to, among other things, ensure that all tax revenue leakages are sealed. Over the years, the Ghana Revenue Authority…
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ADB to revamp Ghana’s citrus industry
The Agricultural Development Bank (ADB), one of the leading universal banks in the country has recently partnered the OVCF with the aim of revamping the citrus industry. Through this partnership, ADB is giving financial support to the Central Citrus Limited to develop and cultivate the over 3000 acres of abandon citrus farms located in the…