Category: Top Stories
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Gov’t urged to be consistent with COVID-19 protocols to attract international tourists
The government is being urged to ensure its anti-COVID-19 protocols, especially at the Kotoka International Airport, are not changed haphazardly in order to boost traveller confidence. This is according to Aviation Analyst, Sean Mendes. According to him, inconsistent COVID-19-related policies will deter international visitors from travelling to countries like Ghana. Despite the strong performance of…
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COPEC charges AOMCs to provide list of members dealing in adulterated fuel
The Chamber of Petroleum Consumers Ghana is urging the Association of Oil Marketing Companies (AOMCs) to work to improve the perception that some of its members retail adulterated fuel at the pumps. There is a general notion amongst Ghanaians that some oil marketing companies engage in such acts that can be damaging to vehicles. Validating…
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Gov’t must invest in more long term strategies – Economist
An economist, Dr. Patrick Asuming says the government should invest in long term strategies that will rake in substantial revenue for the country. He contends that policies and tax initiatives such as the benchmark value reduction policy and the luxury income tax were short-lived and failed to serve the purpose for which they were implemented.…
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Give us time to pay 1% levy – Tourism Chamber to Government
The Chief Executive Officer (CEO) of the Chamber for Tourism Industry Ghana, Emmanuel Treku has asked the Ghana Tourism Authority (GTA) to sensitize players in the hospitality industry on the need to pay their 1% tax levy rather than shutting down facilities which have failed to do so in recent times. The GTA last week…
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![Courier services lament negative impact of fuel price hikes on business [Video]](https://citibusinessnews.com/wp-content/uploads/2022/01/masti-courier-services.jpeg)
Courier services lament negative impact of fuel price hikes on business [Video]
Ghanaians have for several months now complained about the consistent hike in fuel prices. With the most recent one crossing the GH¢7 mark as at January 17, various stakeholders who directly use fuel for their daily activities have been seeking for an intervention, with some commercial drivers even threatening to increase transport fares. Another group…
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![Mixed reactions greet BoG’s directive on use of Ghana Card for financial transactions [Video]](https://citibusinessnews.com/wp-content/uploads/2022/01/9fefb2e34cef087cb8569e5dd5760f10.jpg)
Mixed reactions greet BoG’s directive on use of Ghana Card for financial transactions [Video]
Some Ghanaians have expressed mixed reactions to the directive of the Bank of Ghana for all licensed and regulated financial institutions under the central bank, to accept only the Ghana Card for transactions from July 1, 2022. Per the notice from the Central Bank, the move is in furtherance of the BoG’s objective of ensuring…
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NPA waives Sulphur quantity required in petrol, diesel products for local refineries
The National Petroleum Authority (NPA) has waived off an ECOWAS specification regarding the quantity of sulphur allowed in petrol and diesel produced by local refineries. The waiver, taking immediate effect, will run till 31st December 2024 and will allow for licenced local refineries to remain operational whilst measures are introduced to meet the sulphur requirements…
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GTA shuts down 3 hospitality centres for not paying 1% Tourism Levy
The Ghana Tourism Authority (GTA) has shut down three hospitality centres in the capital. According to the Authority, these businesses owe over GH¢600,000 in levies. Business operators in the tourism and hospitality sector are mandated to pay their 1 percent tourism levy, but Hill View Hotel, Suma Court Hotel and Tayiba Cafe, all in Accra,…
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AGI lauds AfCFTA initiative one year after its implementation
The Association of Ghana Industries (AGI) says its members have chalked some level of success with the implementation of the African Continental Free Trade Agreement. A year down the lane, since its implementation, AGI says its members have benefitted immensely. “AGI, we were extremely excited when it was launched because the head office is here…
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Government cuts down its expenditure by 20%
The Finance Ministry has revealed that Government has suspended 20 percent of expenditure in the 2022 budget. According to the Ministry, though Parliament has already approved government’s total expenditure for 2022, in a prudent fiscal consolidation move, government has decided to cut down its expenditure, by up to 20 percent. Speaking at a press conference…