Category: General
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![[Video] Low patronage of newspapers slashes vendors’ income by 50 percent](https://citibusinessnews.com/wp-content/uploads/2019/10/small.png)
[Video] Low patronage of newspapers slashes vendors’ income by 50 percent
Before the boom in technology and expansion of internet service, the sale of the newspaper was a lucrative business for vendors. Vendors were even rewarded with trips outside Accra for selling the most newspapers. However, the trend has changed as the vendors’ income keeps dwindling, threatening their livelihood. So, how has the advent of technology…
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Archbishop Porter Girls UK alumni raises funds for Visual Art block
Old students of Archbishop Porter Girls Senior High School in the United Kingdom, known as The Archbishop Porter Past Students Association in the UK (APPSA UK), have embarked on a mission to provide the students with a new modern Visual Arts Block that will meet the needs of the students and prepare them for the…
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GRA risks missing 2019 revenue target as benchmark values reduction backfires
The Ghana Revenue Authority (GRA) is set to miss out on its revenue target for 2019 as the decision by government to slash the import benchmark values by about 50 percent takes a toll, Commissioner of Customs, Colonel Kwadwo Damoah has said. The customs division boss explained that the reduction in the benchmark values has…
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Ghana Standards Authority to enforce ban on ‘winter tyres’
The Ghana Standards Authority (GSA) has told Citi Business News the new Automotive Policy which will be passed soon will enforce the ban on Grade ‘C’ tyres meant for the winter weather but are imported into tropical countries such as Ghana. According to the authority, most of the used cars imported from Europe and the…
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BoG Governor Dr. Addison appointed IMF/World Bank Board Chair
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison has been selected to represent Ghana to Chair the Board of Governors of the Bretton Woods Institutions in 2020. A statement from the central bank explained that the selection of Ghana was done in recognition of the country’s impressive strides in macroeconomic stability achieved…
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GRA issues new directives on auction of goods at the ports
The Ghana Revenue Authority(GRA) has issued new directives on auction of items. The new directives which were contained in circular outlines the processes through which goods in the custody of the GRA will be disposed of to the public. According to the statement, the ratio of distribution of goods by the GRA will now involve…
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Activities in manufacturing subsector increases September PPI to 9.7%
A slow increase in the average prices of goods produced in the manufacturing subsector of the economy has caused a marginal increase in the Producer Price Inflation(PPI) for the month of September this year. The Producer Price Inflation for September 2019 increased to 9.7 percent, showing how the figure increased between September 2018 and September…
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Stakeholders’ concerns on Cargo Tracking Note persists one year after implementation
One year after the implementation of the Cargo Tracking Note (CTN), businesses are yet to have all their concerns in relation to its implementation addressed. The CTN is meant to help Custom officers have proper and adequate information on cargos to prevent under-invoicing and fraud at the country’s ports. The Ghana Revenue Authority started the…
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Voltic introduces eco-friendly new “TWIST” bottle
Voltic (GH) Limited has introduced its new Twist Bottle to consumers as part of its goal to drive the recycling message and invite consumers to be a part of our eco-friendly journey. The new Twist Bottle which has 7% less plastic, gives consumers the ease of twisting the bottle after consumption as Voltic continuously develop sustainable…
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Fidelity Bank gives hope to less privileged children at Chorkor
Fidelity Bank in collaboration with the Give Me Hope Foundation has provided support to 30 less privileged children of school-going age at Chorkor to go ‘Back to School’. The educational support which includes exercise books, school uniforms, school bags, stationery and shoes were distributed to the less privileged children in the community. This was part…