Category: Business
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FBNBank offers stakeholders and potential clients viable option
FBNBank has announced the roll-out of its 25th-anniversary advertising campaign which highlights its brand’s differentiators and shows appreciation to stakeholders for embracing the Bank’s brand, while it encourages potential customers to enjoy its offerings by making it their preferred financial institution. Established in 1996 in Ghana, FBNBank has drawn from the 127 years of a…
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![Use 2022 Budget to push development and growth of entrepreneurship in Ghana [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2021/11/Parliament1-750x375-1.jpg)
Use 2022 Budget to push development and growth of entrepreneurship in Ghana [ARTICLE]
Entrepreneurship has been a major contributor to the gross domestic product (GDP), employment generation and innovation in Ghana. The International Trade Center (ITC) reported in the 2016 SME Competitiveness in Ghana that small businesses represent about 85% of businesses and contribute about 70% of Ghana’s gross domestic product (GDP). The report further indicated that they…
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Importers threaten to increase prices of goods if Gov’t doesn’t restore benchmark policy
The Importers and Exporters Association of Ghana is threatening to have its members increase the price of the goods they bring into the country if the government goes through with the reversal of the 50% benchmark policy on some 32 product categories. Some documents cited by Citi Business News purportedly from the Ghana Revenue Authority…
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Reversal of 50% benchmark value policy commences on November 15
Effective Monday, November 15, revised selected items cease to enjoy 30% and 50% discount on benchmark or invoices for vehicle and general goods. The items include, sugar, noodles, palm oil, roofing sheets, toilet paper, facial tissue and towel, chocolates, Portland cement, clinker and mosquito coil. Other items also include vehicles, ceramic tiles, aluminum products, cartons,…
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QIC launches Golden Age Comprehensive Insurance Policy for ‘Baby Boomers’
The Quality Insurance Company Limited (QIC) has launched an enhanced comprehensive motor insurance product dubbed “Golden Age Comprehensive Insurance” Policy exclusively for baby boomers in the society. According to the Company, this unique insurance product, is targeting people born between 1946 and 1964 (baby boomers) because they are better drivers and have disposable income to…
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West Hills Mall review of the month with Hosi: Spotlight on Nart Skincare, MV and KentCup
I love to shop and I also love a good deal and there is one place where I can enjoy both all day long. Can you guess where? Yes, you’re right, it’s the West Hills Mall. The mall is also known as the happy place for family shopping and I couldn’t agree more because no…
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Gov’t urged to use the 2022 budget to stimulate production activities in the country
The government is being urged to use the 2022 budget statement and economic policy to introduce supply-side initiatives that will stimulate production. According to economist Courage Martey, an improvement in domestic production will go a long way to mitigate the rising rate of inflation. The year-on-year inflation rate for October 2021 hit 11 percent, according…
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Ghana to receive 20% equity share for refining gold locally
Accra, Nov.10, GNA – Ghana will receive a 20 per cent free equity share for gold refined locally when Royal Gold Ghana Limited begins operation this year. Currently, all the gold produced by mining companies in the country are refined outside, therefore, the government gains nothing from gold refined abroad. In that vein, the government…
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G-Money hits 2 million subscription mark within first 20 months of operation
GCB Bank’s mobile money wallet service, G-Money has reached its two millionth customer mark since its inception 20 months ago. The platform which was launched in January 2020 is accessible via a host of channels such as USSD, the bank’s mobile banking applications, ATMs, point of sale devices among others. Speaking at the launch of…
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2022 budget: Stakeholders in manufacturing sector demand policies for stable economy
On November 17, the Finance Minister, Ken Ofori-Atta, is expected to present the budget statement for the 2022 fiscal year. Ahead of this presentation, stakeholders are hopeful that issues such as Ghana’s debt sustainability, illicit financial flows, unemployment, reduction of the revenue and expenditure gap, and many others will be addressed. Managing Director of fast…