Category: Top Stories
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Stakeholders at ports call for punitive regulatory regime to check unregulated charges
Stakeholders at the countries ports including importers and exporters along with freight forwarders, say the need for a clear regulation of activities at the ports, is an issue that needs to be addressed or touched on in the upcoming budget reading on Friday. For months now, these stakeholders have been agitating and using all channels…
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2021 budget: Provide alternative to botched PDS deal – ACEP to government
With the budget reading some hours away, the Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye says he is expecting to hear something on an alternative deal to the botched Power Distribution Services (PDS) deal and the threatening energy sector debt. The review of the PDS deal by the Akufo-Addo administration…
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BoG threatens 3-year ban for persons consistently issuing dud cheques
The Bank of Ghana says it will ban customers caught issuing dud cheques for three consecutive times, from accessing new credit facilities from the banking system for a period of up to three (3) years. This was contained in a notice from the Central Bank to Banks, Specialised Deposit-Taking Institutions (SDIs) and the Public, communicating…
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Don’t introduce new direct taxes – Ashanti Regional GUTA to government
Ahead of the 2021 budget statement to be presented in Parliament, the Ashanti Regional branch of the Ghana Union of Traders Association, GUTA is urging government not to introduce new direct taxes that have the potential of affecting their businesses. In order to relieve them of the harsh impact of the coronavirus pandemic, GUTA wants…
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Fruit Exporters threaten to use Lome ports if licenses are not renewed
Members of the Sea-Freight Pineapple Exporters of Ghana (SPEG) are angry over what they call “unnecessary interferences” in their business by the Ghana Ports and Harbours Authority (GPHA). According to the Association, these interferences have led to an exorbitant increase in cost of operations to the tune of $245, 796 and 283,809 in 2019 and…
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36 African countries have ratified free trade agreement – AfCFTA Secretariat
36 out of 55 countries on the African Continent have deposited their instrument of ratification with the African Continental Free Trade Agreement (AfCFTA). This means these countries have legally accepted to open their markets, reduce barrieriers to trade and adhere to the rules of AfCFTA. The African Continental Free Trade Agreement (AfCFTA) is projected to…
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2021 budget: Housing sector stakeholders share varied expectations
Ahead of the 2021 budget presentation, some stakeholders in the housing industry interacted with Citi Business News on their expectations. The presentation is a detailed account of how the government plans to commit the country’s resources to the various sectors for the year. President Akufo-Addo in his recent state of the nation address mentioned plans…
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Ghanaians share their expectations ahead of budget reading
Government had big plans for the 2020 fiscal year when it delivered the budget in November 2019. The fiscal year was tagged the ‘Year of roads’. This was an indication of how heavy it was going to be on infrastructure, particularly roads. However, the emergence of COVID-19 in 2020 greatly affected government’s revenue and expenditure.…
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We expect clear policies for fisheries sector in 2021 budget – Tuna Association
The Ghana Tuna Association says it expects a detailed policy for the fisheries sector from the government ahead of the 2021 budget presentation on Friday, March 12, 2021. According to the association, the sector has not been given the required attention despite being a major non-traditional export earner for the country. Speaking to Citi Business…
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GUTA reiterates calls for affordable credit facilities ahead of 2021 budget reading
The Ghana Union of Traders Association (GUTA) has reiterated calls for affordable credit facilities. GUTA says as part of the budget reading on Friday, the trading community is hoping to have this among other concerns addressed. The budget will be laid in Parliament on Friday, March 12, 2021, by the Majority Leader and Parliamentary Affairs…