Category: Business
-
7.3m Ghanaians without financial account—World Bank report
A new report released by the World Bank shows that 7,310,000 people in Ghana do not have any form of financial account. This means that more than 7 million Ghanaians do not have either a mobile money account or bank account to electronically receive and transfer money. According to the report titled “Gains in Financial…
-
FPSO shuts down for three weeks
Operators of the FPSO Kwame Nkrumah on the Jubilee oilfields in the Western region, have from today May 28, 2018, shutdown the vessel temporarily. The shutdown, according to the Ghana National Gas Company is to allow for maintenance works on the turret bearing of the vessel. The shutdown is also expected to last for 21…
-
UBI Group challenges LPG operators’ ‘false’ cylinder recirculation claims
UBI Group, the parent company of Puma Energy and Blue Ocean Investments has debunked claims of the LPG Operators Association that it is engaged in illegality in the country’s petroleum industry. In a statement copied to citinewsroom.com, UBI Group said contrary to claims by the LPG operators in their article published last week that Puma Energy…
-
GRA to bear cost of new cargo tracking from June 1st
Starting this Friday – June 1, 2018, all exporters to Ghana will be required to comply with the Cargo Tracking Notes (CTN) policy before they can be allowed entry into Ghana and subsequent clearing of consignment of goods. The CTN requires that any exporter to Ghana, uploads details of the consignment onto a provided platform…
-
Ecobank Mobile app hits one million customers in Ghana
The Ecobank Mobile App has registered over 1 million customers in Ghana since its launch in November 2016. The millionth customer, Madam Priscilla Bamfo, successfully downloaded and on-boarded the App at precisely 6:46 pm on Wednesday 16th May, 2018, exactly 18 months after the launch of the app on November 16, 2016, a statement copied…
-
Tax justice: global solutions needed to lift global veil of secrecy
Effective taxation lies at the heart of the social contract between citizens and the state. It is a powerful instrument to reduce inequality, stimulate growth and enhance human development – for all countries. But getting it wrong is costly – tax evasion, tax avoidance and a lack of transparency destroy trust in public institutions. For…
-
BoG has no visibility on Mobile Money activities– George Andah
A Deputy Minister for Communications George Andah has disclosed that the Bank of Ghana (BoG) has no capacity to properly monitor mobile money activities, hence the decision to bring in Kelni GVG to give government confidential data on mobile money transactions. According to him, the quality of data is very important to forecast the revenue…
-
Pambros Salt Company to lay off workers due to encroachers
Salt manufacturing company, Pambros, has served a strong notice that it may be forced to lay off about half of its workers should activities of encroachers on its properties go unresolved. The company is thus seeking an intervention from the government to help them deal with issues. The concerns follow a working visit by the…
-
Gov’t intervenes; LPG operators call off strike
The LPG Marketers Association has called off its 48-hour strike, following government’s intervention. Members of the Association had embarked on a strike to protest government’s planned implementation of the cylinder re-circulation policy which they say will collapse their business. The Association’s strike caused a lot of discomfort to many consumers across the country, as they…
-
AngloGold South Africa to cut 2,000 jobs
South African gold miner AngloGold Ashanti plans to cut 2,000 jobs at its domestic operations, it said on Wednesday, as part of plans to cut costs. AngloGold employs roughly 8,200 people in South Africa, where mining companies have had to deal with the risk of volatile labour relations, rising costs, regulatory disruptions and technical issues.…