Author: Lawrence Segbefia
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Government to review luxury vehicle tax in Mid-Year Budget
The Ministry of Finance has announced plans to review the luxury vehicle tax introduced in the 2018/2019 national budget. Under the law, vehicles with engine capacity above 3.0 are charged fees ranging from 1000 cedis and above. The law has been criticized by car dealers and vehicle importers, arguing that it has increased their cost…
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Breaking: Government to review luxury vehicle tax in mid-year — Ofori-Atta
The Ministry of Finance has announced plans to review the luxury vehicle tax introduced in the 2018 national budget. Under the law vehicles with engine capacity above 3.0 Litres are charged fees ranging from GHS1,000 and above. The law has been criticized by car dealers and vehicle importers, arguing that it has increased their cost…
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CitiBizFestival: Exhibitors promise to showcase authentic local products at ‘This is Ghana Exhibition’
Some exhibitors who have already booked their stands at the ‘This is Ghana Exhibition’ have promised to showcase great products made in Ghana. The ‘This is Ghana Exhibition’ is an outdoor event which is part of the Citi Business Festival. The exhibition will come off at the Alisa Hotel on Saturday, June 29. Speaking to…
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Article: Qatar out of OPEC
For some it is such a big news, but for others it is no news at all ― the decision by Qatar to pull out of the Organization of Oil Exporting Countries (OPEC) effective January 2019, after nearly six decades. While many industry watchers links Qatar’s quitting decision to feud with the Saudi Arabia-led group,…
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Banks to start operating MoMo points directly from July–BoG
The Bank of Ghana (BoG) is predicting stiffer competition as banks prepare to directly operate mobile money(MoMo) vending points through the Electronic Payment and Financial Services law from July 2019. By this, banks in the country will be allowed to brand specific points to render mobile money services. Speaking to Citi Business News on the…
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#CitiBizFestival: “This is Ghana Exhibition” comes off on 29th June
The Citi Business Festival continues with the next outdoor event which is “This is Ghana Exhibition” scheduled to come off this weekend at the Alisa Hotel in Accra. The programme will create space for Small and Medium Enterprises (SMEs) in the country to showcase their products. In Ghana, Small and Medium Enterprises contribute about 70%…
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Ghana’s economy records 6.7 percent growth in 2019 first quarter
Provisional figures released by the Ghana Statistical Service (GSS) shows that Ghana’s Gross Domestic Product(GDP) grew by 6.7 percent in the first quarter of 2019. This is compared to the same period in 2018 which was at 5.4 percent. Speaking at a press conference, the Government Statistician, Professor Samuel Kobina Annim pointed out that the…
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#CitiBizFestival: Cultivating a savings habit will secure the future – Paul Kofi Mante
Investment analyst and Managing Director of EDC Investment, Paul Kofi Mante has advised workers to cultivate a savings habit by putting away about 20 percent of their income into an investment. He explained that cultivating a savings habit will not only sustain workers in difficult times but will also make workers financially independent. Speaking on…
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Petroleum Commission bridges skills gap in upstream industry
Ahead of a one-year specialised welding training programme for five Ghanaians in the upstream petroleum industry, the CEO of Petroleum Commission, together with other government officials have undertaken a familiarisation visit of the technical institution identified to train the welders over the period. The specialised welding programme which cost about $250,000 and sponsored by Baker…
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Private companies to start selling electricity in Ghana by 2023
The Electricity Company of Ghana (ECG) has stated that the retail of power to domestic homes will be opened up to private distribution companies in 2023. By this, the Power Distribution Services (PDS) will not be the only company supplying electricity to domestic consumers. The move is aimed at creating competition to help make the…