Category: Business
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Financial sector withstood 2022 shocks; positive signs ahead – BoG
The assessment of the country’s financial system has shown strong signs of resilience. Per the Bank of Ghana’s 2022 Financial Stability Review, the financial sector is on the path to recovery with the rebound expected to be sustained further in the short to medium term. The Central Bank in the review maintains that the Domestic…
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Water shortage to hit parts of Accra; businesses to be affected
Areas and businesses being served by the Kpong Treatment Plant will have an interruption in water supply from Sunday 24th September to Thursday 28th September 2023 to enable engineers of the Ghana Water Company Limited (GWCL) to work on the transmission pipeline. The areas that will be affected by this exercise include Gbetsile, Afienya, Zenu,…
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Influx of Chinese tanker trucks will kill local businesses – Kwame Jantuah
Private legal practitioner, Kwame Jantuah, has warned authorities against the consequences of the influx of Chinese tanker trucks in Ghana’s oil downstream space. The legal practitioner wants the influx checked to save local businesses. A letter by the Tanker Owners Union to the National Petroleum Authority (NPA), appealed to the NPA to intervene in the importation…
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GRA fights off claims of harassing traders; calls for cooperation
The Ghana Revenue Authority (GRA) has appealed to the business community to collaborate with its taskforce as the Authority moves to engage leadership of traders to address concerns over the collection of taxes. This comes on the back of a warning by the Ghana Union of Traders Association (GUTA), against the GRA over allegations of…
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Hanno Barkhoff joins Kempinski Hotel Gold Coast City Accra as General Manager
Ghana’s finest five-star luxury hotel located in the heart of Accra, Kempinski Hotel Gold Coast City has appointed Hanno Barkhoff as the new General Manager to ensure the continuity of its high standards of luxury hospitality. With over 20 years of experience within the luxury industry, Hanno Barkhoff is no stranger to the Kempinski family,…
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WTO Director-General calls for ratification of Fisheries Subsidies Agreement
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has called on member countries of the Organisation to fast-track the ratification of the Agreement on Fisheries Subsidies to check overfishing in the oceans. Speaking to about twenty-three journalists selected from developing countries in Geneva, Switzerland, Dr. Okonjo-Iweala bemoaned the ramifications of overfishing on…
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B5 Plus is an iconic testament of success of 1D1F initiative – K.T. Hammond
Minister of Trade and Industry, K.T. Hammond, has given the strongest indication that the Government’s flagship 1D1F Initiative is a success story, worthy of emulation by other countries aspiring to decentralize industrial development. Citing the case of B5 Plus Limited, he said the company has taken advantage of the Government’s initiative by investing in a…
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BoG advised me to streamline Menzgold operations – NAM 1
Nana Appiah Mensah, the founder of the defunct Menzgold company, who is on trial for allegedly defrauding over 16,000 people of GH¢1.6 billion, has denied circumventing the laws of Ghana to operate an illegal gold deposit-taking business. His lawyer, Kwame Akuffo, told the High Court on Tuesday, September 19, that Appiah Mensah popularly known as…
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114th MPC meeting: Economic assessments begin amidst marginal inflation fall
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has commenced its regular meetings to review developments in the economy. This is the 114th meeting of the Committee and is expected to decide on steps to ensure financial and economic stability. Dominating the MPC meeting will be the policy rate decision aimed at…
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Tax analyst urges operationalization of tax appeals board
Tax analyst Francis Timore Boi has voiced serious concerns about the non-operationalization of the tax appeal board. He emphasizes the pivotal role an efficient tax board plays in promoting equitable tax assessments and fortifying the government’s revenue collection endeavors. In an exclusive interview with Citi Business News, Francis Timore Boi urgently appealed to authorities to…