Category: Top Stories
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PassionAir suspends flights to Ho over fuel price hikes, high exchange rates
Local airline operator, PassionAir, has suspended flights to the Volta Regional capital, Ho. According to the airline, although the new Ho route did not enjoy much patronage, the decision to suspend flights to that part of the country is mainly due to the increase in fuel prices. The airline, which started scheduled domestic operations in…
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Gov’t urged to introduce policies to ensure proper utilization of petroleum revenues
Economist, Dr. Theophilus Acheampong has criticized government’s utilization of resources from the country’s petroleum funds. The Ghana Petroleum Fund is meant to channel excess petroleum revenue into financial instruments for sustaining public expenditure capacity during periods of unanticipated petroleum revenue shortfalls and serve as an endowment to support the development for future generations. They comprise…
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Ofori-Atta to address Ghanaians today on measures to revive economy
Finance Minister, Ken Ofori-Atta, will today, Thursday, address Ghanaians on decisions taken by the government to address recent economic challenges facing the country. Ken Ofori-Atta is expected to give details of measures adopted by government to revive the struggling economy, a fallout from the the three-day Cabinet retreat held at the Peduase Presidential Lodge over…
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Value of MoMo transactions decrease by 8% between December and January amidst e-levy brouhaha
The yet-to-be implemented electronic transfer levy may have already started having an impact on e-payment transactions. This is because latest data from the Bank of Ghana reveal a decrease in the value and volume of mobile money transactions, internet banking services and Ghipps Instant Pay. The Bank of Ghana’s report shows that the value 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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SSNIT to rope in 1 million informal sector pension contributors next year
As part of efforts towards increasing pension penetration in the country, the Social Security and National Insurance Trust (SSNIT) says it plans on roping in about one million contributors from the informal sector in the next year. The Director-General of SSNIT, Dr Ofori Tenkorang, stressed that his outfit was confident of achieving this set target…
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Event vending industry confident of a rebound as COVID-19 vaccines prove effective
The Event Vendors Association of Ghana says as the COVID-19 vaccines continue to prove to be effective, it is confident that its members will be able to bounce back this year. Speaking to Citi Business News, the President of the Association, Kate Hassan, was optimistic that event organisers would soon be able to make up…
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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…