Category: Economy
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GIPC kicks off strategic partnership with counterpart agency in Malta
The Ghana Investment Promotion Centre (GIPC) and its counterpart agency in Malta, the Malta Enterprise have signed a Memorandum of Understanding which should culminate in the creation of a three year strategy covering areas of mutual interest. The agreement will also see the establishment of a strategic think tank comprising officers from the two institutions.…
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Manufacturers to pass on increased tariffs to consumers—Chamber of Commerce warns
Manufacturers are likely to transfer to Ghanaians, the cost associated with the recent increase in electricity and water tariffs announced by the Public Utilities Regulatory Commission (PURC). That’s according to the Ghana National Chamber of Commerce and Industry (GNCCI). The Utility Services Regulator recently approved an 11.17 percent tariff increment for electricity and 8.1 percent…
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Parliament calls for urgent measures to address mounting energy debt
Parliament has called on the Minister of Finance and the Minister of Energy, Mr John Peter Amewu to as a matter of urgency, activate the cash waterfall scheme and other prudent measures to address the debt accumulation in the energy sector. The lawmakers further called on the Minister of Finance, Mr Ken Ofori Atta…
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New Tax Exemptions Law to deal with weaknesses — Kwaku Kwarteng
Deputy Minister of Finance, Kwaku Kwarteng says the government appreciated the weaknesses in the tax exemption regime and would introduce new measures in the Exemptions Bill to deal with the shortcomings. However, he said, the Exemptions Bill currently before Parliament, when passed, would not cancel exemptions already granted. “The tax reform will not…
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We’re ready for AfCFTA Implementation – ECOWAS Brown Card Secretariat
The Secretariat which is responsible for coordinating the implementation of the ECOWAS Brown Card Insurance Scheme says it is engaging with key stakeholders across the continent, to ensure that the insurance scheme remains robust even as the African Continental Free Trade Agreement (AfCFTA) comes into force this month. The African Continental Free Trade Agreement (AfCFTA), signed by 44 African countries,…
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GTA closes down 31 hospitality facilities in Eastern Region
The Ghana Tourism Authority (GTA) has closed down 31 facilities in the Eastern Region including hotels, guest houses, hostels, restaurants, bars and motels, for not having operational licenses from the GTA, under a special enforcement exercise nationwide. The GTA is authorized and entrusted to register and license every tourism business and hospitality facility in…
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![Over 70 entrepreneurs showcase products at ‘This is Ghana Exhibition’ [pictures]](https://citibusinessnews.com/wp-content/uploads/2019/06/WhatsApp-Image-2019-06-29-at-10.54.29-AM.jpeg)
Over 70 entrepreneurs showcase products at ‘This is Ghana Exhibition’ [pictures]
Over 70 entrepreneurs displayed their products at the ‘Thi is Ghana Exhibition’ over the weekend [29 June, 2019] at the Alisa Hotel. The event which was part of the month-long Citi Business Festival gave an opportunity to local producers to show their goods to the public.
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Finance Ministry approves GHS1.5 billion for 14 road projects
Minister of Finance, Ken Ofori-Atta, on Friday 28 June conditionally approved a multi-year funding commitment of more than GH¢1.56 billion for the commencement of 14 road projects over the medium term. The move to approve the projects will see reconstruction, rehabilitation and upgrading of some selected road networks spanning 381.3 kilometres across Ashanti, Brong Ahafo,…
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![[AUDIO] Don’t learn our bad example, former central bank of Nigeria boss begs Ghana](https://citibusinessnews.com/wp-content/uploads/2019/06/Soludo-1.jpg)
[AUDIO] Don’t learn our bad example, former central bank of Nigeria boss begs Ghana
A former Governor of the Central Bank of Nigeria, Prof. Charles Soludo has cautioned Ghana to consider investing revenue from natural resources into capital investments that will be beneficial to other generations. Prof. Soludo, who was speaking at a forum held to commemorate the first anniversary of the passing of former Vice President Kwesi Amissah…
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Economists must actively engage policymakers — Former Nigerian central bank governor
The former central bank governor of Nigeria, Charles Soludo, has stated economists make it a point to actively engage policymakers in order for policies to become effective. Prof. Soludo speaking as the keynote speaker at the K. B Amissah-Arthur Economic Forum said that while economic policies are meant for the good of the citizens, they…