Category: Business
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AfCFTA: Plans far advanced to complete protocol on Women in Trade – Wamkele Mene
Secretary-General of the African Continental Free Trade Area, AfCFTA, Wamkele Mene has disclosed that plans are far advanced to complete the Protocol on Women in Trade to facilitate greater trade opportunities for women under the trade agreement. According to him, women play a significant role in trade in Africa and will be essential to the…
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Give LBCs money to buy our cocoa seeds – Cocoa farmers appeal to government
Cocoa Farmers in the Western North Region are calling on government to release funds to the Local Buying Companies (LBCs) to enable them pay for their produce. Shortage of money at cocoa buying companies is causing a lot of financial constraints to farmers as they seek to settle their wards for school. Over the years,…
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Ghana card identification number to replace TIN in April 2021 – GRA
Effective April 1, 2021, taxpayers will be required to use the Ghana Card Identification Number for tax purposes. This is according to the Ghana Revenue Authority, GRA. The Authority states that this forms part of efforts to identify and rope in more eligible taxpayers, especially those in the informal sector and enable organizations to easily…
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Monetary Policy Committee begins 98th meeting to assess economy
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) is scheduled to begin its regular meetings from today, Tuesday, January 26, 2021, through to Friday, 29th January 2021. The 98th meeting of the Monetary Policy Committee is to review developments in the economy and take the necessary steps to ensure financial and economic…
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UK-Ghana Chamber of Commerce urges British Airways to reconsider route change
The UK-Ghana Chamber of Commerce has urged management of British Airways to take into consideration the concerns of their clientele and possibly reconsider the decision to operate British Airways Ghana Services from the London Gatwick Airport. Until recently, all London-Accra-London bound British Airways flights originated and terminated at the London Heathrow Airport. But according to…
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Ghana Association of Bankers appoints Mansa Nettey as new president
The Managing Director of Standard Chartered Bank, Mansa Nettey, has been elected as the new President of the Ghana Association of Bankers (GAB). This comes after the General Council of the Ghana Association of Bankers unanimously endorsed her appointment. She succeeds the immediate past President, Mr. Alhassan Andani who stepped down following his retirement as…
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GRA pegs 2021 revenue target at GHS 60 billion
The Ghana Revenue Authority, GRA, has set a target of GHS 60 billion as its revenue target for 2021. This comes despite the ravaging impact of COVID-19 on the economy. Speaking at a press briefing in Accra, Commissioner-General of the GRA, Rev. Ammishaddai Owusu-Amoah, said though the amount is ambitious, the Authority has mapped out…
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GRA exceeds 2020 revenue target by GHS2.6 billion
New data released by the Ghana Revenue Authority, GRA, shows that it has exceeded its GHS42.7 billion tax revenue target for 2020 by GHS2.6 billion. This follows a revision of the earlier target to GHS42.7 billion from GHS47.25 billion due to the impact of COVID-19. The authority collected GHS45.338 billion for the year under review,…
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ECOWAS needs payment, settlement system as ECO adoption delays – Akufo-Addo
Chairman of the Economic Community of West African States (ECOWAS) President Nana Akufo-Addo has called for the rapid establishment of a payment and settlement system for the ECOWAS region. He made the call during the opening ceremony of the 58th Ordinary Session of the ECOWAS Authority of Heads of State and Government, which was held…
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![Provide small cocoa processors with sustained financial support – Banks urged [Video]](https://citibusinessnews.com/wp-content/uploads/2021/01/Cocoa-CocoaBeans-Chocolate-Africa-VA.jpg)
Provide small cocoa processors with sustained financial support – Banks urged [Video]
Banks in the country have been charged to increase and sustain the levels of credit offered to small and medium scale cocoa processors to enable them drive the value addition agenda in the cocoa sector. Currently, major processors of cocoa in the country, who ultimately export about 70 percent of their produce are found in…