Category: FEATURES
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Ghana Stock Exchange set for worst performance in three years
This year’s performance of the Ghana Stock Exchange is one investors will want to quickly put behind them. The bourse has seen a topsy-turvy performance all throughout the year and it is set to end the year with its composite index, which measures the performance of stocks of listed companies, recording a negative 12.3 percent…
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Bright Simons casts doubts on “Year of Return” tourist statistics
A Vice President of IMANI Ghana has raised suspicions about the statistics being propagated by the government and other official sources regarding the “Year of Return”. In an article titled, “Year of Return Success Needs No Embellishment,” Mr. Simons stated that the government can tout the success of the campaign without necessarily having to churn…
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How can a business stand out in today’s highly competitive business ecosystem?
Change is the only constant they say. For businesses that are not monopolized, competition is a constant. These days competition has become so rife and serious that it can pull-down a company. So, what should a business do to sustain, survive and succeed in this competitive race? The foremost factor that leads the way for…
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Kirusa Ghana’s Country Head shares insight on life, technology and taking your business to the next level
Michael Grantson is the Country Head for Kirusa in Ghana. In an exclusive interaction, he reveals critical lessons about life, the prospects and rate of adoption of technology in Ghana, how businesses can leapfrog their communications using Kirusa. Mr. Grantson describes himself as follows: “I am very passionate about my work, extremely ambitious and driven.…
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Bright Simons writes: Government deserves some flak for rising data & call rates
This week, some telecom operators came under consumer fire for sudden, unannounced, hikes in their data tariffs, prompting parliamentary intervention. At least one of the telcos involved has blamed the incidents on system glitches. As a longtime consumer rights activist, naturally my sympathies are with ordinary mobile subscribers who have had to endure the loss of value…
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Textile industry workers commend GSA over crackdown on fake textiles
The Textile, Garment and Leather Employees’ Union (TGLEU) has commended the Ghana Standards Authority (GSA) over its decision to clamp down on people selling substandard African wax prints. The Union in a statement said these substandard products which have flooded the markets, pose serious health risks as the quality of chemical used in manufacturing the…
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BoG’s forward FX sale to inspire the growth of derivative market
A derivative is rarely used in finance or transactions in Ghana. This is because the instrument is not fully appreciated in the financial markets of the country. In addition, the market or platform for trading this instrument is virtually nonexistent. However, the forex forward transaction introduced by the Bank of Ghana could be what it…
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Frequently Asked Questions on SEC’s revocation of licences of Fund Managers
The Securities and Exchange Commission yesterday revoked the licenses of 53 fund management companies. In the aftermath of the mass shut down, there are a number of questions that are begging for answers and SEC has put together this Frequently Asked Questions (FAQs) on Revocation of Licences of Fund Managers. 1. What has called for…
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![[Article] Harking-on: Latest Communication Service Tax](https://citibusinessnews.com/wp-content/uploads/2019/07/Ursula-Owusu-Ekuful-Communications-Minister.jpg)
[Article] Harking-on: Latest Communication Service Tax
Whilst Kigali beams as the modern day poster child of African progressivism, discussions in Ghana, these two weeks, have been besieged by a goulash of commentaries on the Communication Service Tax (CST) and KelniGVG (Subah, Afriwave et al), causing midnight panic attacks—and further denting general goodwill—among various stakeholders stung by this wasp: government, telecommunication companies…
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Asbestos discovery triggers Johnson & Johnson baby powder recall in US
Health care giant Johnson & Johnson has recalled 33,000 bottles of baby powder in the US, after health regulators found trace amounts of asbestos in a bottle purchased online. The company said it had launched an investigation and repeated prior tests have not found asbestos. The recall comes as the firm is facing thousands of lawsuits…