Category: Business
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#CitiBusinessFestival panelists outline strategies for ‘Doing Business in Ghana as an MSME’
Five speakers billed for the 2nd edition of the 2021 Citi Business Festival’s virtual forum gave varied opinions on effective ways of doing business in Ghana as a Micro Small and Medium Enterprise (MSME). Citi News’ Vivian Kai Lokko hosted the show which was live on Citi TV, and was also streamed on social media…
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Retrieve our locked-up funds – Customers of TTL Capital to SEC
Over twenty-four thousand investors of the First Fund Investors Association have issued a two- week ultimatum to new fund managers, TTL Capital, to pay their locked-up funds of about GHS170 million or face their wrath. According to them, they have not been paid for the past 2 years. Addressing the media during a press conference,…
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MasterCard Foundation, Africa CDC to acquire vaccines for Africa with $1.3 billion
The Mastercard Foundation has announced that it will deploy $1.3 billion over the next three years in partnership with the Africa Centres for Disease Control and Prevention (Africa CDC) to save the lives and livelihoods of millions of people in Africa and hasten the economic recovery of the continent. The Saving Lives and Livelihoods initiative…
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Registrar General to delete names of companies that fail to file returns by June 30
The Registrar-General, Jemima Oware, says companies that fail to file their returns by the end of June 2021, risk having their names struck out of the list of businesses in Ghana. She said about 200,000 companies have since 2011 failed to file their annual returns and financial statements despite several notices and reminders. Speaking on…
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#CitiBusinessFestival: MSMEs exempted from taxes must still file returns – Ali-Nakyea
A Senior Lecturer at the University of Ghana Law School, Dr. Abdallah Ali-Nakyea, has advised Micro Small and Medium Enterprises (MSMEs) to file annual returns on their income to the Registrar General’s Department even when exempted from paying taxes. MSMEs are required to pay taxes to facilitate development initiatives, but young entrepreneurs [less than 35…
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#CitiBusinessFestival: Build capacity to attract credit – Grace Anim-Yeboah urges MSMEs
The Director of Business Banking at Absa Bank Ghana, Grace Anim-Yeboah, has urged entrepreneurs who intend to secure credit facilities to start or expand their businesses to build capacity first. Speaking on the theme, ‘Doing business in Ghana as an MSME‘ on Citi TV, as part of this year’s virtual fora of the Citi Business…
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#CitiBusinessFestival: Ghanaian businesses need better incentives than protection – Yofi Grant
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Yofi Grant, says Ghanaian businesses are better off with government incentives aimed at fostering their growth rather than being protected from foreign competition. Speaking during week 2 of the Citi Business Festival on the theme, ‘Doing business in Ghana as a Micro Small…
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Standard is the language of trade; it’s critical to meet them – Prof. Dodoo to businesses
The Chief Executive Officer (CEO) of the Ghana Standards Authority (GRA), Prof. Alex Dodoo, has said it is extremely important for entrepreneurs to be concerned about the role of standardization in their businesses if they seek to excel. According to him, standardization is “the language of trade”. Prof. Alex Dodoo was speaking on the theme…
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Take advantage of incentives, tax exemptions and rebates – Tax analyst urges businesses
Businesses continue to be encouraged not to lose sight of the government’s tax waivers to enable them to grow and sustain their operations. Tax analyst and Senior Lecturer at the University of Ghana School of Law, Dr. Abdallah Ali-Nakyea, says there exists an array of incentives, tax exemptions, and rebates that, Micro Small and Medium…
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PPP takes on BoG Governor over remarks on suit against Dr. Nduom
The Progressive People’s Party (PPP), has taken on the Governor of the Bank of Ghana, Dr. Ernest Addison over some comments he made on the back of a lawsuit brought against the Chief Executive Officer of Groupe Nduom, Dr. Papa Kwesi Nduom by an equity fund and securities investment company based in the United States,…