Category: Government
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Ghana’s international air traffic in 2022 should exceed 2.1 million – Aviation analyst
Total international air traffic for Ghana via the Kotoka International Airport (KIA) should exceed 2.1 million people by the end of 2022, as a result of the latest easing of measures announced at the airport by President Akuffo-Addo on March 27, 2022. This is according to Aviation Analyst Sean Mendes. According to the President, fully…
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BoG advises against negative speculation about the Ghana Cedi
The Bank of Ghana has called out persons and groups that continue to negatively speculate about the Ghana Cedi with the hope that the local currency will continue to depreciate against the US Dollar. While data from the Central Bank shows that the Cedi had depreciated by about 15%, in the first 3 months of…
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Lands Commission establishes offices in newly created regions
As part of efforts towards decentralising its operations, the lands commission says persons who plan on registering their lands in the newly created regions no longer have to go to their former regional capitals to do so. According to the commission it has established offices in all the newly created regions to help facilitate its…
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Gov’t extends deadline for SIM card re-registration to July 31
The Communications Ministry has announced an extension of the deadline for all SIM cards to be reregistered. In a statement on Tuesday, March 22, 2022, the ministry said the fact that many Ghanaians were yet to acquire their Ghana Card, which is the sole identification card for the purpose of the registration made it difficult…
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![Bank of Ghana’s March 2022 Monetary Policy Committee briefing [Full text]](https://citibusinessnews.com/wp-content/uploads/2022/03/Bank-of-Ghana-732x375-1.jpeg)
Bank of Ghana’s March 2022 Monetary Policy Committee briefing [Full text]
The Bank of Ghana (BoG) has increased the Monetary Policy Rate by 250 basis points to 17 percent. This is the first time the Central Bank has increased the key rate since November 2021. In his address to the media on Monday, March 21, 2022, Governor of the Central Bank, Dr. Ernest Addison, noted that all…
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Embattled MD resumes work after NLC’s order to GTP workers
The Managing Director of Textiles Ghana Limited, Fatoumata Doro, has finally resumed work on the orders of the National Labor Commission (NLC) after she was locked out for about a month. The NLC directed workers to grant her unrestricted access to her office until further notice. The workers of the Textiles Ghana Limited, producers of…
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New MPR might aid in attracting investment for Ghana – Economist
Economist with Databank, Courage Boti, believes the revision in the monetary policy rate has the potential of attracting foreign investment into Ghana. This comes on the back of the recent increase in the policy rate by 250 basis points to 17 percent. According to him, this new development might mean more attractive interest rates for…
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Gov’t can use platforms like ours to enhance property rate collection – Meqasa
Players in the online-real estate retail space believe their platforms can help the government’s ability to tax property owners. The government through the various Metropolitan, Municipal, and District Assemblies has over the years had a major challenge with efficiently collecting property taxes from various property owners across the country. This has had a negative effect…
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Pumping dollar into Ghana’s economy won’t solve cedi depreciation challenge – Joe Jackson
The Director of Strategy and Business Operations at Dalex Finance, Joe Jackson, has charged government to critically analyse factors that have led to the continuous depreciation of the cedi, and propose the appropriate solution to the causes. According to experts, the cedi is now one of the worst-performing currencies in Africa. According to the Bank…
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Cedi depreciation can’t be solved with public lectures and flawed analysis – Nii Moi Thompson
A former Director General of the National Development Planning Commission (NDPC), Dr. Nii Moi Thompson says the government must take practical steps in addressing the depreciation of the cedi. He said the situation cannot be tackled successfully with “flawed and politicized analysis or through public lectures.” In an article highlighting the cause of the country’s…