Category: Top Stories
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IFC and SEC partner to develop green bonds market
In its quest to unlock investment for private sector projects that support renewable energy and energy efficiency in the country, IFC and the Securities and Exchange Commission (SEC) have partnered to facilitate investments in projects that address climate and environmental issues through green bonds. Under the agreement, IFC, a member of the World Bank Group,…
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AfCFTA to establish agric value chains across Africa – Secretariat
The African Continental Free Trade Area Secretariat is hopeful of rolling out agricultural value chains in various countries to boost agro-processing across the continent. This was made known by the Secretary General of the Secretariat, Wamkele Mene. The continent-wide agreement, which seeks to bridge all gaps in the various sectors among African countries, seeks to…
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Government focused on creating level playing field for businesses – Nana Addo
President Nana Akufo-Addo has in an interview with CNN highlighted his government’s aim of creating an enabling environment to allow local businesses to thrive while wooing foreign businesses to invest in the Ghanaian economy. This comes on the back of Twitter’s decision to base its African headquarters in Ghana. When asked about measures put in…
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Stop foreigners from trading in Ghana’s retail space – GUTA members in Accra
Members of the Kasoa branch of the Ghana Union of Traders Association (GUTA) is calling for the Presidential Committee on Foreign Retail Trade to as a matter of urgency resume operations and prevent foreigners from operating in their retail space, otherwise they will not hesitate to take matters into their own hands. According to a…
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![Ghanaian construction workers losing out to foreign nationals due to poor attitude [Video]](https://citibusinessnews.com/wp-content/uploads/2021/05/1467230597-19-pmc-construction-company-ltd.jpg)
Ghanaian construction workers losing out to foreign nationals due to poor attitude [Video]
Stakeholders in the construction sector have expressed concern about Ghanaian labourers ultimately losing jobs in the thriving sector to their counterparts from other parts of the sub-region. According to them the poor level of training of the average Ghanaian construction worker coupled with their poor attitude to work can be blamed for the growing preference…
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NPA reduces fuel prices by 8 pesewas per litre
The National Petroleum Authority (NPA) has reduced the margin on the price of fuel by 8 pesewas per litre. Following the implementation of the newly-reviewed taxes on fuel, the margin on prices of petroleum products went up by 17 pesewas per litre. But the NPA, after a meeting with stakeholders in the industry, reduced the…
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New taxes: Expect increase in prices of goods and services soon – Importers
The Importers and Exporters Association of Ghana says the public should expect a hike in the prices of goods and services in the next couple of days following the government’s implementation of new taxes. As part of the government’s efforts to revive the economy amidst the Covid-19 pandemic, it introduced some new taxes including, a…
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Construction chamber lauds government’s discounted bitumen from GOIL initiative
The Ghana Chamber of Construction Industry has welcomed recent comments by the Minister for Roads and Highways, Kwasi Amoako-Attah that government will negotiate with the management of GOIL to supply road contractors bitumen at a discounted price. However, speaking to Citi Business News, CEO of the chamber, Emmanuel Cherry stated that although the move is…
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OMCs likely to implement tax-induced price adjustments from May 4 – COPEC
It appears most Oil marketing companies are yet to adjust upwards their prices of fuel in the national capital, Accra two days after the set implementation date for the newly introduced taxes. The government during the presentation of the 2021 Budget Reading introduced some taxes including the Energy Sector Recovery Levy of 20 pesewas per…
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![Living on the minimum wage: Private sector workers tell their story [Video]](https://citibusinessnews.com/wp-content/uploads/2021/03/money.jpg)
Living on the minimum wage: Private sector workers tell their story [Video]
Ghana’s minimum wage is one of the lowest in West Africa. The country’s national daily minimum wage currently stands at GHS11.82 translating into a little above $2 dollars. This minimum wage is normally reviewed annually. The current wage was last adjusted in 2020 due to the coronavirus pandemic. It went up by 11 percentage points…