Category: News
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2019 Budget: Market women expecting tax reduction
As the Finance Minister Ken Ofori Atta prepares to present the 2019 Budget on Thursday, small business owners are upbeat of a reduction in taxes. For the business community, government must try to reduce taxes at the ports and improve the processes of doing business. Citi Business News visited some market woman at Tema Station…
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GFZA condemns diversion of goods from its enclave
The Ghana Free Zones Authority (GFZA) has stated that it will help the Customs Division of the Ghana Revenue Authority (GRA) to stop the diversion of goods produced under its enclave for export. The pledge comes after the Customs Division off the GRA announced on 12 November, 2018 that COMET Ghana limited, a company operating…
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GRA arrest four persons for diverting goods
The Ghana Revenue Authority (GRA) has arrested four people for diverting duty free goods released for export in Paga to Nungua, Accra. Briefing the media on the development of the arrest, the Commissioner General of GRA, Mr. Emmanuel Kofi Nti said, a vehicle with the registration number, GT 5160-12 was carrying a 300,000 cartons of…
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Gold Coast Pays 3,000 Structured Finance Customers
Gold Coast Fund Management, last week started payments to its Individual Structured Finance (SF) clients nationwide. This payment comes ahead of the planned schedule for the official installment payments due to begin on March 1, 2019 over a three year period. Gold Coast Fund Management had earlier issued a statement informing its customers of a…
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‘Pure Water’ price goes up today as some consumers express disquiet
Some Ghanaians have spoken against the expected increase in price of sachet water from today November 12, 2018. According to them, the increase the price of a bag of sachet water will only add on to the already high cost of living in the country. The National Association of Sachet and Packaged Water Producers (NASPAWAP)…
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Zenith Bank records growth in Total Assets
The nine months unaudited Financial Statement of Zenith Bank has shown that the bank’s stated capital hit 400 million cedis by 30th September, meeting the minimum capital requirement ahead of the deadline by December 31st 2018. Earlier, the Chief Executive Officer of the Bank, Henry Oroh had indicated that the bank had raised the capital…
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GHS1.4 billion interbank investments locked up in CBG
A total of 1.4 billion cedis belonging to other financial institutions is locked up with the Consolidated Bank as management of the bank says it does not have the cash flow to pay bulk depositors. Some of the customers are financial institutions including Microfinance and Savings and Loans Companies who were saving with the five…
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‘Align your CSR to government’s policies’– Business Dev’t Minister
Minister for Business Development, Mohammed Awal, has charged businesses in the country to align their Corporate Social Responsibility (CSR) projects to that of government policies to enhance development of the country. Dr. Awal want businesses to give graduates the opportunity to get training in their organizations as part of their CSR projects. This he says…
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President Akufo-Addo reiterate the need for relevant policies
Ahead of the 2019 budget reading on Thursday [November 15, 2018], President Akufo Addo has said he is confident that the continuous adoption of appropriate policies by his government would enable them achieve their set objectives. The president made the comments on a panel discussion at the 2018 Africa Investment Forum in Johannesburg, South Africa.…
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GAVAC to unveil employee verification solution
An indigenous firm, GAVAC Business Solutions has developed an enterprise solution to ascertain the background of potential employees. This is a timely intervention, given the increasing number of employee-related fraud cases. According to Managing Director of GAVAC, Harry Baiden, the enterprise employee verification solution, which will be outdoored on November 15 at Kempinski Gold Coast…