Category: Top Stories
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George Andah lauds government’s acquisition of AirtelTigo
A former Deputy Minister for Communications, George Andah, has commended government’s move to take over AirtelTigo. In October 2020, Airtel and Millicom announced that they were exiting the Ghanaian market. On the back of this, the government and the parent companies of AirtelTigo, Bharti Airtel Ghana Holdings B.V. and MIC Africa B.V concluded negotiations and…
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GRA must clamp down on tax evaders in oil sector – AOMCs
The Association of Oil Marketing Companies is urging the Ghana Revenue Authority to ensure that the new taxes introduced in the country are charged on every litre of fuel sold on the market. The association also wants the GRA to put in place measures to stop tax evasion to ensure that government realises the purpose…
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National Development Bank to commence operations by July ending – Ofori Atta
The National Development Bank is set to commence operations by the end of July 2021. This is according to the Finance Minister, Ken Ofori-Atta. According to him, government has now been able to raise the required seed capital of over 500 million dollars for the financial institution to fully begin operations. It will be recalled…
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Government to introduce eight new interventions to fix economy – Ofori -Atta
Finance Minister Ken Ofori-Atta has stated that government will in the coming days roll out eight new inventions under the COVID-19 Alleviation and Revitalization of Enterprise Support initiative also known as the Ghana CARES program to fix the Ghanaian economy. This comes after members of the #FixTheCountry movement expressed displeasure over successive government’s failure to…
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![A look at Ghanaian innovations made with African fabrics [Video]](https://citibusinessnews.com/wp-content/uploads/2021/05/african-print-products.png)
A look at Ghanaian innovations made with African fabrics [Video]
The garment and textile industry has always been a hotbed for innovation. Although African print fabric has been in existence for decades, Ghanaian entrepreneurs are doing their best to still keep made-in-Ghana fabrics in vogue in Ghana and beyond. But how is this being done? Ellen Dapaah takes a look at the new trend of…
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New Taxes: Government must be prudent to prevent public fatigue – GUTA
The Ghana Union of Traders Associations says as the government commences implementation of the new taxes introduced in the 2021 budget, efforts should be made to ensure the citizenry get value for money. The government as part of efforts towards reviving the economy amidst the Covid-19- pandemic introduced some new taxes including the Energy Sector…
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Poor handling of COVID-19 by U.S sees Pound strengthening against Dollar, Cedi and others
Despite the impressive performance of the Ghana Cedi against its major trading currency the U.S Dollar in the past few years, the currency appears to be struggling against the British Pound Sterling and the Euro. Although the Cedi in 2019 lost nearly 13 percent of its value against the US dollar, the performance blights the…
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NPLs likely to reduce following improvement in economy – Banking consultant
A banking consultant, Nana Otuo Acheampong is confident that the recent rise in the percentage of non-performing loans in the banking industry will be a temporary phenomenon. According to the Banking Sector Development report for March by the Bank of Ghana, the end-February 2021 NPL ratio of 15.3 percent was marginally higher than the year-end…
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We may increase transport fares by 40% – Committed Drivers Association
The Ghana Committed Drivers Association has hinted that it may soon increase transport fares by about 40 percent. This follows the Ghana Revenue Authority’s implementation of new taxes introduced in the 2021 budget statement. The association had earlier indicated its plans to pass on these taxes to commuters and Chairman of the Committed Drivers Association,…
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Government urged to set up renewable energy authority
A fellow of the Institute of Energy Security (IES) and former Ranking Member on the Mines and Energy Committee in Parliament, Adam Mutawakilu, has reiterated the need for government to make renewable energy a critical component of Ghana’s power mix and create an enabling environment for the private sector to enter the industry. Government has…