Author: Ellen Dapaah
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Ghana exported 70,052 metric tonnes of staple foods to neighboring countries in 2020
Ghana exported 70,052 metric tonnes of five different staple foods to neighboring countries last year. 2020 export figures The figures for each staple food are maize – 17,240 metric tonnes, rice- 322 metric tonnes, yam- 31,127 metric tonnes, plantain- 20,667 metric tonnes and soyabean- 697 metric tonnes. Minister of Food and Agriculture Dr. Owusu Afriyie…
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Accident victims to be paid GH₵6.2 daily for one year as temporary disability cover – NIC
Some provisions in the National Insurance Commission’s (NIC) new directives that place a ceiling on the amount of money accident victims should be paid as insurance claims will make life very difficult for victims. The new directives which are the subject of a lawsuit proposed that adult accident victims who cannot provide proof of income…
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Toyota Ghana launches new ‘Genuine Motor Oil’
Toyota Ghana Company Limited has officially introduced its latest engine oil onto the Ghanaian market. The Toyota Genuine Motor Oil (TGMO) is an engine lubricant that has been designed specifically for Toyota vehicles. It provides a strong, thin film of protection which allows the engine parts to work together to deliver maximum power and give…
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RACE to help increase tax-to-GDP ratio to 20% – Oppong Nkrumah
Information Minister, Kojo Oppong Nkrumah, says the newly-launched Revenue Assurance and Compliance Enforcement (RACE) initiative is expected to increase Ghana’s revenue mobilization ratio to 20% of Ghana’s Gross Domestic Product. Ghana’s tax to GDP has, over the years, performed lower than the current average percentage in Sub-Saharan Africa. Currently, the country is doing a tax…
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Government launches Revenue Assurance and Compliance Enforcement to eliminate revenue leakages
As part of efforts to facilitate effective and efficient mobilisation of taxes in the country, the Vice President, Dr. Mahamudu Bawumia, has launched the Revenue Assurance and Compliance Enforcement (RACE) initiative as promised in the 2021 mid-year budget review. The remit of RACE is to identify and eliminate revenue leakages in the various sectors of…
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Bus-booking app Plentywaka acquires Stabus; expands operations to Ghana
Africa’s public transportation sector is gradually evolving with the emergence of new technology-driven modes of transportation. To speed up the pace of this evolution, bus-hailing platform, Plentywaka, which provides hassle-free shared rides on-demand, has announced its merger with Stabus, one of Ghana’s leading mobility startups. The move by the Toronto-based platform to take over Stabus…
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Piloting of Pan African Payment and Settlement System to end in December
The pilot of the Pan African Payment and Settlement System (PAPSS) will be completed by December 2021. This is according to the Executive Vice President of the Afreximbank, Denys Denya. Already, the testing process is happening in six African countries and will soon be implemented to boost trade in Africa. Giving updates on the system,…
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Transformation of Bogoso-Prestea gold mine set to deliver long-term value for stakeholders
Blue International has shared details of its transformation program for the Bogoso-Prestea gold mine (Future Global Resources – FGR), Bogoso-Pristea Limited – BPL) in southwestern Ghana. The program was shared with the Minister of Lands and Natural Resources, Samuel Abu Jinapor last week, and will increase productivity and improve safety of FGR BPL mining and…
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Quality Control Company Board tasked to improve quality of cocoa beans
The Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto, has charged the newly inaugurated five-member board of the Quality Control Company Limited of the Ghana Cocoa Board to gear up their efforts in improving the quality of Ghana’s cocoa beans. Cocoa from Ghana continues to enjoy a premium place on the World’s Commodity markets…
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![Resilience in the midst of uncertainty [Article]](https://citibusinessnews.com/wp-content/uploads/2021/08/WhatsApp-Image-2021-08-17-at-1.27.28-PM.jpeg)
Resilience in the midst of uncertainty [Article]
The financial meltdown which caused the recession of 2008 to 2010 was triggered by shocks in the banking system. In fact, many economic downturns in the past, such as stock-market crashes and debt defaults had financial-system origins but the current recession which has also hit Ghana is different as it was triggered by a global…