Category: News
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Neglect of coffee sector: State to lose $1.5bn annually
Ghana stands to lose about 1.5 billion dollars every year if it continues to fail to invest in the expansion of the coffee industry. This is according to the Coffee Federation of Ghana. Statistics on the sector also show that its contribution to GDP has dwindled over the years. Some farmers who have been speaking…
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Ghana Finance Week takes off from October 10
Stakeholders within the financial industry will be converging on Accra to chart ways of improving the operations within the sector and restore confidence. The discussion will take place during the Ghana Finance Week scheduled for October 10-13, 2018. The forum is also part of building the financial ecosystem in Ghana amidst the recent happenings in…
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MPS bemoans controversy over tax waivers
Operator of the Tema Port expansion project, Meridian Port Services (MPS), has lamented the politicization of the tax waivers granted for its operations. Parliament in 2016, granted a tax waiver to the tune of 832 million dollars. But some have suggested a possible review of the amount citing possible instances of downward review of the…
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![What you need to know about AirtelTigo [Article]](https://citibusinessnews.com/wp-content/uploads/2018/06/Airtel-Tigo-1.jpg)
What you need to know about AirtelTigo [Article]
Mobile phone use has steadily become a necessity of life, allowing users to communicate seamlessly with loved ones and business partners. According to recent regulatory reports, the number of mobile subscriptions in Ghana continues to grow, recording 40 million subscribers and a penetration rate of 137 per cent at the end of July 2018. Telecommunication…
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Joel Nettey voted President-Elect of IAA
The International Advertising Association (IAA) has elected Ghana’s Joel Edmund Nettey as Senior Vice-President of the IAA for the 2018-2020 period. Joel as Senior Vice-President is by IAA structure, is thus the President-Elect, and will assume the office of the Chairman and World President of the IAA for the 2020 – 2022 period. Joel Nettey…
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PMMC workers call off strike
Workers at the headquarters of the Precious Minerals Marketing Company (PMMC) have called off their sit down strike. The aggrieved workers numbering about fifty, had called for the removal of the Managing Director of the company, Kwadjo Opare Hammond and his entire board for a number of infractions. But after a 5 hour meeting between…
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New board for Ghana Cylinder Manufacturing inaugurated
A new board has been inaugurated for the Ghana Cylinder Manufacturing Company, three months after the dissolution of the old board. President Akufo-Addo ordered the dissolution of the board following an impasse between its members and the Chief executive, Frances Essiam. Madam Essiam, was suspended by six of the nine members of the previous board,…
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Business Group triggers opposition to CTN policy
The Joint Business Consultative Forum has reiterated calls for government to back down on the implementation of the Cargo Tracking Note (CTN) system. The group says the Ghana Revenue Authority has once again acted in bad faith as they have been sidelined. In an interview with Citi Business News, the National Welfare Chairman of GUTA,…
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ADI advocates $1.5bn livelihood program for farmers
The Alliance for Development and Industrialization (ADI) is asking the government to establish a US$1billion commodity diversification and alternative livelihood for cocoa farmers as well as the non- traditional export sector in the country. This commodity diversification could triple the country’s agriculture export income within 3 to 4 years. As the country’s export earnings increases…
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Petroleum C’ssion partners Glasgow to boost oil sector
The Petroleum Commission has secured a partnership with Glasgow Caledonian University (GCU) to deliver work-based education to the oil and gas industry in Ghana. The agreement, which was signed on Monday, October 2, 2018 with GCU, will provide educational support and help in strategically positioning Ghana’s oil and gas industry. The Commission and the GCU…