Category: Business
-
BoG maintains policy rate for 6th time over short-term inflationary pressures
The Monetary Policy Committee of the Bank of Ghana after meeting last week and reviewing recent global and domestic developments, including the outlook for the Ghanaian economy has decided to maintain the policy rate for the 6th consecutive time at 14.5 percent. The maintenance of the policy rate which is of keen interest to businesses,…
-
Parliament’s Mines, Energy and Finance committees must review fuel taxes – COPEC
The Chamber of Petroleum Consumers (COPEC), is calling on Parliament’s Mines and Energy and Finance Committees to review the government’s proposal of a new petroleum tax. Following the passage of the 2021 budget, the various committees in Parliament are set to debate aspects of its appropriations to the sectors. Meanwhile, speaking to the Citi Business…
-
Policy rate likely to be maintained for 6th time over high inflation – Economists
The Bank of Ghana is likely to announce a stay of the Monetary Policy Rate for a 6th consecutive time later today, Monday, March 22, 2021. This assertion was made by some economists who have been sharing their view on Ghana’s economic outlook with Citi Business News. The rate which is of keen interest to…
-
National Safety Council signs MoU to provide occupational health and safety training in Ghana
The National Safety Council, Ghana has expressed its commitment to ensuring safety at workspaces especially amid the COVID-19 pandemic. Safety at workplaces has become a critical concern for industry players as it has become key points for transmission of the virus. In light of this, the Council has signed a memorandum of understanding (MOU) with…
-
We didn’t force retirees to sign acceptance forms for benefits – SSNIT
The management of the Social Security and National Insurance Trust (SSNIT), has downplayed allegations by the Civil and Local Government Staff Association of Ghana (CLOGSAG) that retirees are being forced to sign an acceptance form for their benefits. CLOGSAG had accused SSNIT of acting unprofessionally regarding an ongoing negotiation on the payment of past credits…
-
GSS to roll out digitalised 2021 population and housing census from June 27
The Vice President, Dr. Mahamudu Bawumia, has touted the Ghana Statistical Service’s readiness to conduct this year’s population and housing census through a paperless system. According to him, this will go a long way to push the government’s digitalization agenda, and provide a more accurate database which will aid in solving housing deficits and poverty-related…
-
Newly proposed taxes a huge hindrance to businesses’ recovery from COVID-19 impact – AGI
The Association of Ghana Industries (AGI) is alarmed at the government’s newly proposed taxes as outlined in the 2021 Budget Statement and Economic Policy. It fears these taxes introduced will have a huge toll on the business community particularly at a time when players are reeling from the devastating effects of the COVID-19 pandemic. Speaking…
-
Gold Fields presents GHS120 million dividend to government
Gold Fields Ghana Limited has presented a dummy cheque of GHS120.7 million as dividend for the 2020 financial year to government through the Ministry of Lands and Natural Resources. The sector minister, Samuel Abu Jinapor who received the cheque on behalf of government said he is determined as a sector minister to work closely with…
-
Supermarkets discriminating against local egg suppliers – GAPFA
Major supermarkets in the country are being accused of putting in place discriminatory barriers that hinder the ability of local producers of eggs to have their produce on their shelves. The comments come on the back of research conducted by Konfidants, an international business advisory firm, which showed a sharp decline in Made-In-Ghana eggs on…
-
Increased manufacturing pushes PPI for February to over 10%, highest in 12 months
The average price of goods and services received by domestic producers in the country for their production activities, in the month of February went up by 10.3 percent, when compared with the prices received by the producers in February of last year. The increase in prices which brings the producer price inflation rate for February…