Category: Government
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Claims we spent GHS1.7 billion on COVID-19 inaccurate – Government
The government has clarified that it spent GHS19 billion on the COVID-19 pandemic contrary to media reports. This follows publications by some local media houses as well as a post by Member of Parliament for Yapei Kusawgu, John Jinapor, that per the 2021 budget statement, only GHS1.7 billion of the allocated GHS19 billion for issues…
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Passage of Tax Exemptions Bill will boost revenue mobilization – Stakeholders
Some stakeholders have reiterated the need for Government to fast-track the passage of the Tax Exemptions Bill to ensure monies lost to tax exemptions are mopped-up to aid government’s revenue mobilization. Many have described the new revenue targets, especially, the non-oil tax revenue of GHC 53.6 billion, as high considering the marginal increases in revenue…
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Kyei-Mensah-Bonsu to present 2021 budget on Friday
Information available to Citi Business News suggests that Majority Leader and Parliamentary Affairs Minister, Osei Kyei-Mensah-Bonsu is expected to present the 2021 budget statement. It follows the inability of Finance Minister-designate, Ken Ofori-Atta to present the budget due to his current health status. The presentation of the budget is in accordance with Article 179 of…
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Government urged to present credible recovery plan in 2021 budget
An economist at the University of Ghana Business School, Dr. Patrick Asuming has urged government to use the 2021 budget reading to present a credible recovery plan to the nation. The 2021 budget is expected to be presented by the Majority Leader in Parliament Osei- Kyei Mensah Bonsu according to information available to Citi Business News. This follows…
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Exporters to begin enjoying benefits of Ghana-UK trade deal from today – Prof. Kuruk
Ghanaian exporters to the United Kingdom can from today March 5, 2021, begin enjoying the benefits inherent in the newly signed trade agreement between the two countries, even as Ghana’s Parliament works to ratify the agreement. The new deal which has been approved by the executive will provide duty free-quota free access for Ghanaian exports…
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Interim Trade Partnership Agreement signed between Ghana and UK
After years of negotiations, a new Interim Trade Partnership Agreement between the Republic of Ghana and the United Kingdom of Great Britain and Northern Ireland has been signed. The new Agreement replaces the Interim Ghana – European Union Economic Partnership Agreement which governed trade relations between Ghana and the UK until the Interim EPA Agreement…
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Support for indigenous companies needed to create more jobs – Opoku Prempeh
Energy Minister-designate, Dr. Matthew Opoku Prempeh says achieving the Ghana Beyond Aid vision, can only be possible if government and other stakeholders ramp up their support for local companies, to ensure they do not just thrive in Ghana, but flourish in other parts of the world. The comments were made following a tour of indigenous…
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Only qualified persons should head fisheries ministry – Tuna Association
The Ghana Tuna Association says considering the challenges that bedevil the fisheries industry, only qualified persons with ample knowledge in the space must be assigned to the sector ministry. In an interview with Citi Business News, the secretary of the association, Richster Nii Armah Amarfio, said the continuous appointment of people not up to the…
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Stakeholders call for increased investment to improve quality of employment data
Stakeholders have bemoaned the seeming lack of transparent, real-time and verifiable data on jobs in the Ghana. Their disappointment follows the debate over the creation of 3 million jobs by the current government in its first term, during the vetting of Employment and Labour Relations Minister-nominee, Ignatius Baffour Awuah in parliament on February 17, 2021.…
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Beijing Everyway drags Ghana to arbitration over Accra intelligent traffic management contract
Management of the Beijing Everyway Traffic and Lighting Technology Company Limited is seeking $55 million dollars in damages from the Ghana government at the London court of international arbitration. This follows the cancellation of the Accra intelligent traffic management project which was earlier awarded to the company. The company was contracted in 2018 to implement…