Author: Michael Ogbodu
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Fast-track system upgrade – AGI to GRIDCo
The Association of Ghana Industries has admonished the Ghana Grid Company, (GRIDCo) to hasten its announced system upgrade to prevent any negative effect on operations of industries. Speaking to Citi Business News, Chief Executive Officer of the Association of Ghana Industries, Seth Twum Akwaboah while commending GRIDCo for announcing the upgrade timelines urged the company…
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Yet-to-be-approved taxes must have timelines – KPMG’s Anthony Sarpong
International Auditing Firm, KPMG says the yet to approved new taxes are a necessary evil as the government strives to engineer the recovery of the economy following the impact of the COVID-19 pandemic. In an interview with Citi Business News on the sidelines of a stakeholder engagement on the 2021 budget organised by KPMG, its…
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Sunon Asogli announces plans to venture into renewable energy
Sunon Asogli, Ghana’s leading Independent Power Producer has indicated plans to venture into the renewable energy space. According to the IPP, it plans on establishing a 50 megawatts wind power project in Ada with an estimated cost of 127 million dollars. The project will require 18 months to be completed and have a 20-year operational…
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Government will get TOR back on its feet – Energy Minister
The Minister of Energy, Matthew Opoku Prempeh, has expressed the government’s commitment to ensuring the country’s only Refinery, Tema Oil Refinery, TOR, is up and running. The refinery has not been operational for a while now due to several challenges, including the inability of the entity to pay its workers. But the Energy Minister says…
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30% corporate income tax rebate not enough incentive – Hotels Association
The Ghana Hotels Association says its expectation was not met in the recently delivered 2021 budget statement. According to the association, it expected more policies that will help the ailing industry get back on its feet. Speaking to Citi Business News, President of the Ghana Hotels Association, Dr Edward Ackah-Nyamike said the hotel industry will…
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30% corporate income tax rebate a good step for the sector – Tourism Chamber
The Ghana Chamber of Tourism Industries has welcomed government’s announcement of a reduction in corporate income tax for players in the tourism sector. Speaking to Citi Business News, CEO of the chamber Prince Ntiamoah Boampong described the move as key to reviving the struggling sector. In the recent budget presentation, it was revealed that the…
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2021 budget: Housing sector stakeholders share varied expectations
Ahead of the 2021 budget presentation, some stakeholders in the housing industry interacted with Citi Business News on their expectations. The presentation is a detailed account of how the government plans to commit the country’s resources to the various sectors for the year. President Akufo-Addo in his recent state of the nation address mentioned plans…
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We expect clear policies for fisheries sector in 2021 budget – Tuna Association
The Ghana Tuna Association says it expects a detailed policy for the fisheries sector from the government ahead of the 2021 budget presentation on Friday, March 12, 2021. According to the association, the sector has not been given the required attention despite being a major non-traditional export earner for the country. Speaking to Citi Business…
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COPEC to launch scheme to insure fuel customers
The Chamber of Petroleum Consumers (COPEC) is set to launch a policy that will protect the interest of fuel consumers who have to deal with the consequences of the negligence of fuel station attendants and the sale of adulterated fuel products by some Oil marketing companies. The scheme in partnership with the Ghana Standards Authority…
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FDA cautions public against fake COVID-19 vaccines
The Food and Drugs Authority (FDA) has asked the public not to patronise products offered online supposedly being advertised as COVID-19 vaccines. The FDA issued the alert in a statement released on Tuesday, March 9, 2021. According to the FDA, the alert has become necessary as a result of reports of the seizure of fake…