Category: Top Stories
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Policy rate likely to be maintained for 6th time over high inflation – Economists
The Bank of Ghana is likely to announce a stay of the Monetary Policy Rate for a 6th consecutive time later today, Monday, March 22, 2021. This assertion was made by some economists who have been sharing their view on Ghana’s economic outlook with Citi Business News. The rate which is of keen interest to…
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Promoting made-in-Ghana goods: Entrepreneurs share challenges with leading supermarkets
Ghana is one of the top producers of shea butter in the world. Ironically, the nation has not been able to successfully create beauty and cosmetic products out of its shea butter. In June 2019, the research firm Konfidant, released a report that over 90% of products within the Beauty and Cosmetics industry in Ghana’s…
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National Safety Council signs MoU to provide occupational health and safety training in Ghana
The National Safety Council, Ghana has expressed its commitment to ensuring safety at workspaces especially amid the COVID-19 pandemic. Safety at workplaces has become a critical concern for industry players as it has become key points for transmission of the virus. In light of this, the Council has signed a memorandum of understanding (MOU) with…
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We didn’t force retirees to sign acceptance forms for benefits – SSNIT
The management of the Social Security and National Insurance Trust (SSNIT), has downplayed allegations by the Civil and Local Government Staff Association of Ghana (CLOGSAG) that retirees are being forced to sign an acceptance form for their benefits. CLOGSAG had accused SSNIT of acting unprofessionally regarding an ongoing negotiation on the payment of past credits…
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Consider NDC’s economic proposals to reverse declining GDP – Terkper to gov’t
Former Finance Minister, Seth Terkper, is asking the government to go back to some of the proposals that the New Democratic Congress (NDC) government put in place to salvage the negative growth of the country’s Gross Domestic Product (GDP). Ghana’s debt stock, according to the caretaker Finance Minister, Osei Kyei-Mensah-Bonsu stands at GHS291.6 billion, representing…
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GSS to roll out digitalised 2021 population and housing census from June 27
The Vice President, Dr. Mahamudu Bawumia, has touted the Ghana Statistical Service’s readiness to conduct this year’s population and housing census through a paperless system. According to him, this will go a long way to push the government’s digitalization agenda, and provide a more accurate database which will aid in solving housing deficits and poverty-related…
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Bidding for defunct microfinance, S&L firms’ properties ends on March 26
The Receiver of the collapsed microfinance companies and savings and loans firms, Eric Nana Nipah, is reminding the public of the ongoing bidding process for the acquisition of landed properties of the defunct financial institutions. Interested persons or companies have up to March 26, 2021, to put in their bids for some 24 lands and…
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Ghana on right trajectory with COVID-19-induced taxes – Adu Boahen
The President’s Representative at the Finance Ministry, Charles Adu-Boahen has justified the proposals for new taxes saying the move is to sustain the debts incurred by the government through the various COVID-19 interventions initiated by the Presidency. He said the only way Ghana will not be caught in a debt trap following shortfalls in revenues…
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Seth Terkper bemoans Ghana’s revenue performance
Former Finance Minister, Seth Terkper has once again bemoaned the country’s debt collection methods as well as its revenue performance in recent years. This, according to him, can partly be blamed on non-response to the rebasing of the country’s GDP. He made these assertions in a post-budget dialogue organized by Citi TV and the University…
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Newly proposed taxes a huge hindrance to businesses’ recovery from COVID-19 impact – AGI
The Association of Ghana Industries (AGI) is alarmed at the government’s newly proposed taxes as outlined in the 2021 Budget Statement and Economic Policy. It fears these taxes introduced will have a huge toll on the business community particularly at a time when players are reeling from the devastating effects of the COVID-19 pandemic. Speaking…