Author: Ellen Dapaah
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United Airlines inaugurates nonstop service between Washington D.C. and Accra
United Airlines has inaugurated a three-times-weekly service between its hub at the Washington Dulles International Airport and the Kotoka International Airport, celebrating the arrival of its first flight to Accra nine years after exiting Ghana. United was welcomed back to Ghana on Saturday, May 15. The new service is being operated with a state-of-the-art Boeing…
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Inflation rate falls to 8.5% in April; closest to yearly target
Ghana has recorded the lowest year-on-year inflation since the emergence of the COVID-19 pandemic. The inflation rate recorded for the month of April 2021 was 8.5 percent, which is 1.8 percentage points lower than the 10.3 percent recorded in March this year. The figure falls within the medium-term inflation target of 8.0±2 percent. Before the…
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George Andah lauds government’s acquisition of AirtelTigo
A former Deputy Minister for Communications, George Andah, has commended government’s move to take over AirtelTigo. In October 2020, Airtel and Millicom announced that they were exiting the Ghanaian market. On the back of this, the government and the parent companies of AirtelTigo, Bharti Airtel Ghana Holdings B.V. and MIC Africa B.V concluded negotiations and…
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FanMilk PLC launches NutriDay yoghurt fortified with Zinc to boost immunity
FanMilk Plc, the leading producer of nutritious and refreshing milk-based and dairy-based food products, on Friday, May 7, 2021, launched NutriDay zinc fortified yoghurt, for whole family consumption. NutriDay becomes Ghana’s innovative fortified yoghurt and has been developed by FanMilk to meet the growing demand for healthy nutrition that supports the immune system. Apart from…
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![A look at Ghanaian innovations made with African fabrics [Video]](https://citibusinessnews.com/wp-content/uploads/2021/05/african-print-products.png)
A look at Ghanaian innovations made with African fabrics [Video]
The garment and textile industry has always been a hotbed for innovation. Although African print fabric has been in existence for decades, Ghanaian entrepreneurs are doing their best to still keep made-in-Ghana fabrics in vogue in Ghana and beyond. But how is this being done? Ellen Dapaah takes a look at the new trend of…
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AfCFTA to establish agric value chains across Africa – Secretariat
The African Continental Free Trade Area Secretariat is hopeful of rolling out agricultural value chains in various countries to boost agro-processing across the continent. This was made known by the Secretary General of the Secretariat, Wamkele Mene. The continent-wide agreement, which seeks to bridge all gaps in the various sectors among African countries, seeks to…
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Government focused on creating level playing field for businesses – Nana Addo
President Nana Akufo-Addo has in an interview with CNN highlighted his government’s aim of creating an enabling environment to allow local businesses to thrive while wooing foreign businesses to invest in the Ghanaian economy. This comes on the back of Twitter’s decision to base its African headquarters in Ghana. When asked about measures put in…
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![The principle of taxing MoMo transactions and its unintended consequences – Part 1 [Article]](https://citibusinessnews.com/wp-content/uploads/2021/05/derek-laryea-e1620164776362.jpeg)
The principle of taxing MoMo transactions and its unintended consequences – Part 1 [Article]
“I contend that a country that tries to tax itself into prosperity is like a man standing in a bucket trying to lift himself up by the handle.” (Sir Winston Churchill, 1904) One of the basic principles of taxation is fairness and neutrality. This principle demands that taxes should not favour any one group over…
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![Living on the minimum wage: Private sector workers tell their story [Video]](https://citibusinessnews.com/wp-content/uploads/2021/03/money.jpg)
Living on the minimum wage: Private sector workers tell their story [Video]
Ghana’s minimum wage is one of the lowest in West Africa. The country’s national daily minimum wage currently stands at GHS11.82 translating into a little above $2 dollars. This minimum wage is normally reviewed annually. The current wage was last adjusted in 2020 due to the coronavirus pandemic. It went up by 11 percentage points…
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Olea M&G Insurance Brokers Ltd unveils new platform, ‘mybestquote.com’
Ghana’s first insurance broker, Olea M&G Insurance Brokers Limited, formerly known as Marine & General Brokers Limited, has officially launched a digital platform where insurance transactions can easily be done. ‘Mybestquote.com’ which was launched in collaboration with Best Quote Ghana Limited, is a price aggregator platform where prospective buyers of retail insurance lines could compare…