Category: FEATURES
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Transport owners and the missing NPA: who assured Sentuo to import BRVs?
Ghana’s petroleum downstream has about 5000 Bulk Road Vehicles (BRVs), out of which 4200 have installed tracking devices. There has been about 50% increment in the number of BRVs from 2013 to 2021. However, this increment resulted in a decline of average volumes per BRV by about 30% within the same period. This implies that…
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Five-year performance of GCB equity on the Ghana Stock Exchange
Investing in shares or stock or equity should be done with a long term view, this is because historically, the stock market outperforms all other asset classes particularly the traditional asset classes being T-Bills and bonds in the long term, beating inflation and recording significant returns. The stock market is known to record over 110%…
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Upholding financial stability of Ghana’s energy sector: Why IPPs cannot accept debt haircut amid government’s economic challenges
The energy landscape is undergoing rapid transformation, driven by the growing role of the Independent Power Producers (IPPs) in meeting global electricity demands. In the intricate landscape of deregulated electricity markets, the role of Independent Power Producers (IPPs) is pivotal in driving electricity generation and supply. Recent debt haircut proposals by Government of Ghana (GoG),…
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The crucial role of IPPs in ensuring energy security and fueling developing economies [Article]
conoIn an era where energy is the lifeblood of progress, the role of independent power producers (IPPs) emerges as a beacon of innovation, resilience, and transformative change. As developing economies strive to carve a path toward prosperity and self-sufficiency, the significance of IPPs in bolstering energy security and driving economic growth cannot be overstated. This…
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New tax on plastic packaging in Ghana–Will this solve the problem of plastic waste?
The use of plastic materials is convenient, and it is the preferred choice by both manufacturers and consumers due to its lightweight and its ability to store and prevent food contamination but globally, the effect of plastics on the environment is devastating especially when it is improperly managed. Because Plastic packaging is typically used for…
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Golden nectar: Uncovering Ghana’s blossoming honey industry
Ghana has a long history of beekeeping, dating back to the 16th century. The country is home to a wide variety of bees, including stingless bees, honey bees, and carpenter bees. Honey is a valuable product in Ghana, and it is used for both food and medicinal purposes. The honey industry in Ghana has been…
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![Potential impacts of recently-introduced taxes on agribusiness in Ghana [Article]](https://citibusinessnews.com/wp-content/uploads/2023/04/taxes-1.jpg)
Potential impacts of recently-introduced taxes on agribusiness in Ghana [Article]
The three new taxes introduced by the government of Ghana in 2023 – the Growth and Sustainability Levy Act (Act 1095), the Excise Duty Amendment Act 2022 (Act 1094), and the Income Tax Amendment Act 2022 (Act 1093) – have raised concerns about potential impacts on agribusiness in Ghana. While the new taxes have been…
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![The importance of trade secrets in the food and beverage industry [Article]](https://citibusinessnews.com/wp-content/uploads/2023/04/WhatsApp-Image-2023-04-21-at-04.22.29.jpeg)
The importance of trade secrets in the food and beverage industry [Article]
– An interview with Kojo Brifo, Freddy Hirsch WA MD, and Uduak Koka, Intellectual Property Expert and MD of Baesault In this interview, Kojo Brifo, Managing Director of Freddy Hirsch Nigeria and West Africa and Uduak Koka, an Intellectual Property expert and Managing Director of Baesault, an intellectual property consultancy speak on trade secrets in…
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Francis Timore Boi writes: All you need to know about tax on lottery and gambling
The inclusion of lottery or gambling income as taxable income is strongly influenced by a country’s choice of tax system. For those countries with worldwide tax system, gambling winnings are in principle, subject to tax whether they arise from windfall (occasional transactions) or from a professional gambler. When tax is imposed on gambling and lottery,…
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![Review of agricultural insurance in Ghana: Challenges and future directions [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2023/03/AGRIC-INSURANCE.webp)
Review of agricultural insurance in Ghana: Challenges and future directions [ARTICLE]
Africa has had extraordinary development in agricultural productivity and food security over the past few decades. These improvements have been essential in promoting economic growth. Agriculture is a vital sector for many West African countries, contributing significantly to economies. The most favourable conditions for agricultural expansion in more than 30 years have been created by…