Category: Top Stories
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SSNIT increases 2021 pension by 10%
The Social Security and National Insurance Trust (SSNIT), in consultation with the National Pensions Regulatory Authority (NPRA), and in accordance with Section 80 of the National Pensions Act 2008 (Act 766), has indexed monthly pensions upwards by 10% for the year 2021. This increment shall be implemented as follows: All Pensioners on the SSNIT Pension…
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GRA to issue certificates of origin for exporting firms under AfCFTA
The Ghana Revenue Authority is set to ramp up the issuance of certificates of origin to exporting firms in the country. This comes after government designated the Customs Division of the Ghana Revenue Authority (GRA) as the Competent Authority for the issuance of Rules of Origin Certificate under the African Continental Free Trade Area (AfCFTA).…
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Cost of fuel to go up marginally in January – IES predicts
The Institute of Energy Security (IES) has predicted a two to three percent increase in fuel prices in the coming days. This is for the first pricing window for January 2021. According to a statement from the Institute, this price increase can be attributed to the “5.03% increase in price of International Benchmark- Brent Crude,…
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All AfCFTA functions transferred from Ethiopia to Ghana
Secretary-General of AfCFTA, Mr. Wamkele Mene has revealed that the African Union has transferred all functions related to the African Continental Free Trade Area (AfCFTA) Agreement from Addis Ababa, Ethiopia to Accra, Ghana. According to him, the decision which was taken at the 13th Extraordinary Session of the Heads of State and Governments, positions Ghana…
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Be proactive to benefit from AfCFTA – AfroChampions urges businesses in Ghana
Almost a week after the commencement of the African Continental Free Trade Area (AfCFTA), businesses in Ghana, both small and big, have been charged to be proactive in taking steps to participate and benefit fully from the continent-wide agreement. Trading under the agreement was supposed to have commenced in July 2020 but had to be…
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Hotels make some gains during festive season
The Ghana Hotels Association says the Yuletide brought some respite to its members after enduring the adverse impact of the COVID-19 pandemic on their businesses. The hospital sector has been one of the worse hit following the outbreak with many losing millions of dollars in the process. Many industry players closed down while others downsized…
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Gov’t remains committed to make Ghana commercial centre for trade – Akufo-Addo
Following the start of trading under the African Continental Free Trade Area (AfCFTA) on January 1, 2021, President Akufo-Addo has reiterated government’s commitment to ensure that adequate financial and human resources are mobilized to make Ghana the new commercial centre for trade, finance and investment on the continent. AfCFTA is an agreement among 54 African…
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![Reopening of schools: Books and stationery retailers hopeful of cashing in soon [Video]](https://citibusinessnews.com/wp-content/uploads/2021/01/stationery-shop.png)
Reopening of schools: Books and stationery retailers hopeful of cashing in soon [Video]
It’s been nine months since classrooms across the country were filled with students at various levels. The slowdown in educational activities affected operators of books and stationery stores across the country. A visit to some stores in the Central Business District of Accra indicates that many of these operators are hopeful of cashing in on…
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Invest in agric and trade for economic recovery – Economist to government
In order for the country’s economy to attain pre-COVID-19 status and achieve subsequent growth, government should focus heavily on the agriculture and trade sectors. This is according to an economist with Databank, Courage Martey. Latest provisional figures released by the Ghana Statistical Service (GSS) covering economic activity for the first 3 quarters of 2020 show…
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Akufo-Addo reiterates commitment to settle clients of FMCs
President Nana Akufo Addo has reiterated his government’s commitment to pay all validated claims of clients of the collapsed Fund Management Companies. Government in September 2020 commenced payment processes for 20 of the fund management companies which had undergone official liquidation. Subsequently, the government in November 2020, also authorized a partial payment of up to…