Category: Government
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No increases in transport fares—GPRTU clarifies
The Ghana Private Road Transport Union (GPRTU) and the Ghana Road Transport Coordinating Council (GRTCC) have asked its members and the public to disregard a purported increase in transport fares. A group of drivers calling itself the Committed Drivers Association announced a 20 percent increase in fares yesterday [October, 29, 2018]. This according to the…
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Monitor tax incentives for foreign companies–IFS to gov’t
Government will continue to fall short of its revenue from tax collection, if waivers and tax incentives to foreign companies are not strictly monitored. This is according to the Institute of Fiscal Studies (IFS). According to the institute such, incentives and waivers are often abused by foreign companies if not properly monitored. The Ghana Revenue…
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Stakeholders in Agric sector call for sustainable farming
Various speakers at the 8th Pre-harvest Agribusiness Conference and Exhibition that took place at the Aliu Mahama Sports Stadium in Tamale, from October 3 to 5, 2018 have called on stakeholders in the agriculture value chain to support in the transformation of agriculture and agribusiness into a more inclusive, equitable, climate-smart sector, oriented towards the…
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MD of Fidelity Bank Jim Baiden retires
The Managing Director of Fidelity Bank Mr.Jim Baiden has announced his retirement from the bank. Confirming his retirement to Citi Business News, Mr. Baiden stated that he officially retired from Fidelity Bank on Friday October 26 2018. Mr. Baiden has been in the banking industry for about three decades. According to the bank’s website, Jim…
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Dr. Nduom to retire from Groupe Nduom in December
The founder and owner of Groupe Nduom, Dr. Papa Kwesi Nduom has resigned as the Chairman of some of the companies under Groupe Nduom. This is a move taken ahead of a decision to retire by end of December this year. According to the Head of Corporate Affairs of Group Nduom, Frank Owusu Ofori, Dr.…
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USAID working on new dev’t corporation strategy for Ghana
The Deputy Trade Mission Director of the United States Agency for International Development (USAID) Steven E. Hendrix has stated that the mission is working on a new country development corporation strategy for Ghana. According to him, the move has become important due to the government’s social intervention programmes and the “Ghana Beyond Policy”. Speaking at…
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![Ghana’s flower industry seeing major boost [video report]](https://citibusinessnews.com/wp-content/uploads/2018/10/flowers-1.jpg)
Ghana’s flower industry seeing major boost [video report]
Flowers form an essential part of human life. Perhaps its cultivation and relevance date back to when life started on earth. In this contemporary era, the business of buying and selling flowers especially in Ghana has been without some setbacks. Checks by Citi Business News show that the demand for flowers is growing among some…
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No need for panic withdrawals—BoG urges public
The Bank of Ghana(BoG) has urged the public to refrain from panic withdrawals. The central bank has been chastised by some players including Chairman of Groupe Nduom, Papa Kwasi Nduom for failing to educate the public on recent reforms it is undertaking to clean up the banking sector, leading to panic withdrawals from banks. The…
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TOR gets new steam boiler to ensure uninterrupted operation
The Tema Oil Refinery has taken delivery of a new 120 ton per hour steam boiler which is expected to assist in the power generation activities of the refinery. ‘Boiler 8’ as it is referred to by authorities at TOR arrived on the premises of the refinery over the weekend. The new boiler comes on…
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Govt to revamp abandoned affordable houses at $51m
Government has secured funding to tune of 51 million dollars which is to help it revamp all abandoned affordable housing units in the country. About two thousand housing units are expected to be revamped for them to be occupied. According to Works and Housing Minister, Samuel Atta Akyea, the move will commence with those started…