Category: News
-
![Forex Bureau directives must be properly implemented [Audio report]](https://citibusinessnews.com/wp-content/uploads/2018/11/20812699-1.jpg)
Forex Bureau directives must be properly implemented [Audio report]
Some financial observers are warning that many Ghanaians will be pushed to trade with black market operators if the Bank of Ghana’s directives on foreign exchange trading are not properly implemented. According to them, in as much as the directive seeks to further formalize the financial space, a proper monitoring and enforcement system needs to…
-
Government urged to pass HR Bill
The President of the Institute of Human Resources Practitioners (IHRMP), Ghana, Dr. Edward Kwapong has called on the Government of Ghana and Parliament to pass the HR Bill to give the Institute a Charter status which will enable them regulate the practice of HR in the country. Dr. Kwapong made this call when he addressed…
-
Telcos increase cost of voice calls
Some telcos have started announcing new rates following the decision to adjust tariffs due to the VAT recalibration. The telcos through the Telecoms Chamber announced that the decoupling of the 2.5 percent NHIL and 2.5 percent GETFund have affected their operations. The chamber last month announced that Airtel Tigo, MTN and Vodafone will adjust their…
-
Textile workers demand border monitoring to check smuggling
Leadership of the Textile, Garment and Leather Employees Union (TEGLU) are demanding that the borders at Aflao and other entry points be strictly monitored to stop pirated goods from entering the country. Their demand follows the decision by the Ministry of Trade and Industry and the Ghana Revenue Authority to make the Tema port the…
-
![More CSOs give suggestions on 2019 Budget [Audio report]](https://citibusinessnews.com/wp-content/uploads/2018/07/Ken-Ofori-Attah-2-1-1.jpeg)
More CSOs give suggestions on 2019 Budget [Audio report]
More Civil Society Organizations continue to make different suggestions to government ahead of the 2019 budget presentation later this month. While many are calling for effective tax reforms to raise more revenue, others like the Integrated Social Development Centre (ISODEC) are urging government to focus more on expenditure efficiency to reduce the country’s expenditure bill…
-
GRA bans some selected items from being kept in Warehouses
The Ghana Revenue Authority (GRA) has banned the storage of some selected items imported and kept in Warehouses as it begins the implementation of a new warehousing regime. The items include canned tomatoes, alcohol, lead acid batteries, cooking oil, canned drinks, canned fish, cement, Lime, paints and chalk. This means that importers of the banned…
-
![Ghana Commodities Exchange to boost Agric sector [Audio Report]](https://citibusinessnews.com/wp-content/uploads/2018/11/kadri-1.jpg)
Ghana Commodities Exchange to boost Agric sector [Audio Report]
Government has disclosed plans to use the Ghana Commodities Exchange to solve some challenges in the agriculture sector to help improve the welfare of farmers. The Ghana Commodities Exchange is aimed at creating a platform that will enable farmers have direct link to buyers and sellers of farm produce in order to help them maximize…
-
Passing on cost of tax stamp to producers will increase prices—AGI warns
The Association of Ghana Industries (AGI) has appealed to the Ghana Revenue Authority (GRA) to continue to bear the cost of the implementation of the tax stamp policy. The call comes at a time when the GRA is extending the scope of the policy by affixing the stamp on other products already under the policy…
-
‘I am still in charge of Groupe Nduom’ – Dr. Nduom
Groupe Nduom (GN), a multinational conglomerate with over 60 companies, is consolidating its operations to ensure continuity. “My concern, since the establishment of Groupe Nduom, has been its continuity and survival, hence, we have put into place a succession plan. The Implementation is underway,” the President and Chairman of Groupe Nduom, Dr Papa Kwesi Nduom…
-
Telcos expected to adjust tariff upwards today
Beginning today (1st November, 2018), Ghanaians are expected to start paying more for the services rendered by telcos operating in the country. The telcos, Airtel-Tigo, MTN and Vodafone, earlier announced they are adjusting their tariffs upwards due to the VAT recalibration announced in the Mid Year Budget Review. The government as part of the budget review…