Category: Government
-
![Chamber of Mines calls for coordinated local content law [Audio Report]](https://citibusinessnews.com/wp-content/uploads/2016/09/mine-2.png)
Chamber of Mines calls for coordinated local content law [Audio Report]
Stakeholders in the mining industry are calling for a deepening of the value creation in the industry through local production of inputs. The issue of local content has in recent times come up to give Ghanaians an opportunity to share in the exploration and production of the country’s natural resources. As part of the 90th…
-
NPA stops over 90% of fuel diversions
The National Petroleum Authority (NPA) has disclosed that it has curbed over ninety percent of illegal diversion of fuel over the past one year. As a result, petroleum product exports to neighbouring countries have reduced from 30 to two million litres between August last year and the same period this year [2018]. The CEO of…
-
BoG Governor hopeful of further drop in interest rates
The Governor of the Bank of Ghana, Dr. Ernest Addison has disclosed that interest rates will drop further when external pressures on the economy decline. The central bank has kept its policy rate unchanged at 17 percent, for two consecutive times this year. The move is anticipated to increase access to capital by businesses as…
-
Ghana-Switzerland pursue improved trade relations
The Swiss Ambassador to Ghana, Markus Dutly is advocating increased trade relations between Ghana and Switzerland to improve the trade volumes between the two countries. Ghana contributes about 57% of Switzerland’s cocoa imports which the Ambassador says is the backbone of the high-quality chocolates produced by Switzerland. In addition to its global position in chocolate…
-
Farmers Association supports government’s agric agenda
The National Farmers and Fishermen Award Winners Association of Ghana (NFFAWAG) is re-positioning itself in an effort to aggressively support the agricultural agenda of government for economic growth as well as the welfare of its members. This it aims to do by organizing and positioning itself to align with various interest organizations and individuals such…
-
GRA to ‘name and shame’ tax evaders after prosecution
The Ghana Revenue Authority with support from the Finance Ministry has announced it will soon name and shame, and also prosecute tax evaders especially those in the informal sector. To this end the Authority has launched the second National Tax Campaign to ensure voluntary tax payments especially from the informal sector. Currently, the informal sector…
-
BoG launches Cyber Security Directives for banks (Audio report)
The Bank of Ghana has launched the Cyber and information Security Directive for Financial sector. According to the central bank, the directive is in recognition of the National security agenda aimed at safeguarding the financial industry and its players from cyber attack. Speaking at the launch a a go at the Bank of Ghana, the…
-
Consumer spending in IT to reduce in 2019
Spending in the telecom and ICT industry is expected to see some amount of dip next year, 2019. The International Data Corporation which is a global ICT research and consultancy services firm, projects that the experience will be across the board including inventors and consumers. Data from the IDC on spending on IT in Ghana…
-
NIC to the rescue of ESICH Life over delayed payments
The National Insurance Commission, NIC, has moved in to get customers of Esich Life Assurance access to their insurance claims. The company has been saddled with bouts of customer picketing for almost a year now following failure by the clients to access their claims. The woes of Esich Life have been connected with the collapse…
-
Telcos not colluding on tariff increment—Ken Ashigbey
The CEO of the Chamber of Telecommunications, Ken Ashigbey has refuted suggestions that telecommunication companies have been colluding ahead of the expected increase of telecom service tariffs after the recalibration of the Value Added Tax (VAT). Speaking on Citi TV’s Point of View, he defended the integrity of the telcos, saying the competition among the…