Author: Emmanuel Oppong
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Hanno Barkhoff joins Kempinski Hotel Gold Coast City Accra as General Manager
Ghana’s finest five-star luxury hotel located in the heart of Accra, Kempinski Hotel Gold Coast City has appointed Hanno Barkhoff as the new General Manager to ensure the continuity of its high standards of luxury hospitality. With over 20 years of experience within the luxury industry, Hanno Barkhoff is no stranger to the Kempinski family,…
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GCB Capital projects retention of 30% policy rate till end of 2023
Ahead of the announcement of a new policy rate on Monday, financial actors are anticipating a stay in the figure. This they believe will further bolster the disinflation trajectory of the economy. It comes as the Monetary Policy Committee (MPC) of the Central Bank has initiated its routine meetings to assess the state of the…
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Rate for PPI falls to 28.3 % in August 2023
Recent data from the Ghana Statistical Service (GSS), show that the Producer Price Inflation (PPI) for the month of August 2023 fell marginally to 28.3% from the 32.9% recorded in July 2023. This represents a 4.6 percentage point decrease in producer inflation relative to the rate recorded in July 2023 PPI is the average price…
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Tax analyst urges operationalization of tax appeals board
Tax analyst Francis Timore Boi has voiced serious concerns about the non-operationalization of the tax appeal board. He emphasizes the pivotal role an efficient tax board plays in promoting equitable tax assessments and fortifying the government’s revenue collection endeavors. In an exclusive interview with Citi Business News, Francis Timore Boi urgently appealed to authorities to…
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Product packaging: 87% of industries in Ghana use plastics despite waste concerns
Data from the Ghana Plastic Association indicate that about 87 per cent of industries in Ghana are heavily using plastic materials for packaging despite the country’s strong commitment to ensure sustainable consumption and production as outlined in Sustainable Development Goal 12. SDG 12.5 seeks to ensure that by 2030 waste generation will be substantially reduced…
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Govt. urged to ensure full implementation of local content law
Energy analyst, Benjamin Nsiah has emphasized the crucial role of relevant stakeholders in ensuring the full implementation of the local content policy to foster the growth of the local economy. He highlights the importance of leveraging the recent developments in the oil and gas industry, particularly the commissioning of Jubilee South East in the Western…
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Joe Jackson cautions govt against borrowing from T-bills market at high rates
The Director of Business Operations at Dalex Finance, Joe Jackson is cautioning both government and investors to be cognizant of the implication of high-interest rates on the government’s treasury bills. This he explains could flaw government gains in trying to bring the country’s debt to sustainable levels. The government surpassed its auction target last week…
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GRA worried over use of false documents in evading customs duties
The Ghana Revenue Authority (GRA) has deplored the increasing use of fake trade documents by some importers for declaring goods at the ports. The Authority explains that trend by these importers is part of efforts to evade customs duties and taxes. This follows an intelligence in February 2023 on some two companies and importers that…
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Treasury bill auction records 13.21% oversubscription; interest rate increases to 31.97 %
The government surpassed its auction target last week as the market continued to experience sufficient liquidity. Treasury bill sales recorded 13.21 percent oversubscription of its target of GHS 2,601 billion. According to figures from the Bank of Ghana, investors presented GHS 2.94 billion as against government’s target of GHS 2.60 billion A chunk of the…
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Ernest Owusu-Bempah adjudged corporate communications personality of the year
Ernest Owusu-Bempah Bonsu, Head of Corporate Communications for the Ghana National Gas Company (GNGC), has been honored as the ‘Corporate Communications Personality of the Year at the prestigious Ghana Corporate Brands Award held at the Movenpick Ambassador Hotel in Accra, This recognition reflects his outstanding dedication to improving communication between GNGC and the public. This…