Category: Top Stories
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Empower businesses for AfCFTA and post-COVID recovery – AGI to government
The Association of Ghana Industries (AGI) has hailed the government’s support for the private sector over the years, although it believes more should be done to improve the business environment. In a new year message to its members, Greater Accra Regional Chairman of AGI, Tsonam Cleanse Akpeloo, indicated that the Association has over the years,…
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Give us tax reliefs to be competitive as AFCFTA commences – AGI
The Association of Ghana Industries is calling on the government to introduce a tax regime that would make local producers competitive especially with the commencement of the Africa continental free trade Area agreement (AFCFTA). Speaking to Citi Business News, Johnson Opoku-Boateng, Director of Business Development Service at AGI, says that the introduction of tax reliefs…
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Serene Insurance meets GH¢50 million new minimum capital requirement
Serene Insurance Company Limited, a subsidiary of the First Sky Group, has announced that it has fully met the new minimum capital requirement of the National Insurance Commission, NIC, one year ahead of the official deadline. This announcement was made by Mr. Eric Seddy Kutortse, Executive Chairman of the First Sky Group, during the 18th…
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GUTA to commence cross-border trading with Nigeria
The Ghana Union of Traders Association (GUTA) says its members will commence brisk business with Nigeria with the reopening of the country’s land borders. Speaking to Citi Business News, President of the Association, Dr Joseph Obeng, says the opening of the borders is timely for the business of its members. He stated that “It is…
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Forward auction likely to stabilise cedi in first quarter of 2021 – Economist
The use of forward auctions on the interbank foreign exchange market in the country will be key in keeping the cedi stable within the first quarter of the year. This is according to economist with Databank, Courage Martey. The cedi has over the years experienced some depreciation from the last quarter of a year through…
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BoG Governor confident of cedi’s stability in 2021 after 3.8% depreciation in 2020
Governor of the Bank of Ghana, Dr. Ernest Addison is confident the reserves it has amassed so far, coupled with other measures to be implemented by the government in 2021 should see the local currency remaining stable throughout this year. The cedi which depreciated by 3.8 percent against the dollar in 2020, outperformed many of…
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Take advantage of AfCFTA to revive your businesses – Akufo-Addo
Following the start of trading under the African Continental Free Trade Area (fCFTA) on January 1, 2021, President Akufo-Addo has assured there will be intensified public education on the agreement in order to attract more businesses to take advantage of it. AfCFTA is an agreement among 54 African countries with an estimated potential of boosting…
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Vendors adopt innovative ways to sell off hampers during yuletide
The hamper business is one that is dominant during the Christmas season. Many people cash in big selling them because they are regarded as the ideal Christmas gifts. But what happens to the hampers when they are not all sold? The business has yet again picked up during this Christmas period. In Ghana, it has…
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Tax Justice Coalition calls for urgent passage of Tax Exemptions Bill
The Tax Justice Coalition of Ghana has called for the immediate passage of the Tax Exemptions Bill to help curb the negative impact of tax exemptions on government’s revenue mobilization efforts. According to them, there is an urgent need for clear criteria for giving tax holidays to businesses, to help streamline and address the shortfalls…
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Christmas: Dress makers complain of low patronage
The celebration of Christmas in Ghana is usually the time celebrants try to look their best for social events. For some people; they like to stand out with unique and customized clothing. As such; it’s become a common feature to find dressmakers in Ghana cash in big ahead of Christmas celebrations; while ready-made clothing is…