Category: Business
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COPEC charges AOMCs to provide list of members dealing in adulterated fuel
The Chamber of Petroleum Consumers Ghana is urging the Association of Oil Marketing Companies (AOMCs) to work to improve the perception that some of its members retail adulterated fuel at the pumps. There is a general notion amongst Ghanaians that some oil marketing companies engage in such acts that can be damaging to vehicles. Validating…
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![Courier services lament negative impact of fuel price hikes on business [Video]](https://citibusinessnews.com/wp-content/uploads/2022/01/masti-courier-services.jpeg)
Courier services lament negative impact of fuel price hikes on business [Video]
Ghanaians have for several months now complained about the consistent hike in fuel prices. With the most recent one crossing the GH¢7 mark as at January 17, various stakeholders who directly use fuel for their daily activities have been seeking for an intervention, with some commercial drivers even threatening to increase transport fares. Another group…
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![Mixed reactions greet BoG’s directive on use of Ghana Card for financial transactions [Video]](https://citibusinessnews.com/wp-content/uploads/2022/01/9fefb2e34cef087cb8569e5dd5760f10.jpg)
Mixed reactions greet BoG’s directive on use of Ghana Card for financial transactions [Video]
Some Ghanaians have expressed mixed reactions to the directive of the Bank of Ghana for all licensed and regulated financial institutions under the central bank, to accept only the Ghana Card for transactions from July 1, 2022. Per the notice from the Central Bank, the move is in furtherance of the BoG’s objective of ensuring…
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GTA shuts down 3 hospitality centres for not paying 1% Tourism Levy
The Ghana Tourism Authority (GTA) has shut down three hospitality centres in the capital. According to the Authority, these businesses owe over GH¢600,000 in levies. Business operators in the tourism and hospitality sector are mandated to pay their 1 percent tourism levy, but Hill View Hotel, Suma Court Hotel and Tayiba Cafe, all in Accra,…
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AGI lauds AfCFTA initiative one year after its implementation
The Association of Ghana Industries (AGI) says its members have chalked some level of success with the implementation of the African Continental Free Trade Agreement. A year down the lane, since its implementation, AGI says its members have benefitted immensely. “AGI, we were extremely excited when it was launched because the head office is here…
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Banking sector stakeholders laud directive on use of Ghana card for transactions
Stakeholders in Ghana’s banking industry are elated about the Bank of Ghana’s directive to have the Ghana card as the sole ID card to be used for financial transactions. This is because they believe this will check fraud and sanitise the country’s financial system in its entirety. The Bank of Ghana, on Wednesday, served notice…
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Gov’t officials to begin public sensitization on e-levy today – Ofori-Atta
The Minister for Finance, Ken Ofori-Atta says government officials will from today, Thursday, January 20, 2022, begin a nationwide public sensitization on the need for the introduction of the controversial e-levy. According to him, officials, including himself, will personally engage citizens on the many policies and programmes the government will use the revenue accrued from…
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Aggrieved First Fund customers demand release of locked-up cash
Members of the Coalition of Aggrieved Customers of First Fund have reiterated their call for the Securities and Exchange Commission (SEC) to ensure they are paid their locked-up cash. According to the Coalition, the customers number about 24,000 people and the monies owed them amounts to over GH¢117 million. It will be recalled that the…
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Ghana Card to be the only ID for all financial transactions from July 1 – BoG
The Bank of Ghana (BoG) has served notice to all licensed financial institutions and the general public that effective July 1, 2022, the Ghana Card shall be the only identification card accepted for any form of banking or financial transactions in the country. According to a statement signed by the Central Bank and sighted by…
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We’ve not dismissed 90% of recently recruited staff – BoG
The Bank of Ghana has dismissed reports circulating on social media that it has sacked 90% of recently recruited staff. According to the Central Bank, such reports have been twisted to misinform the general public. In a statement signed by the Bank and sighted by Citi Business News, the Bank noted that it is not…