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GRA to bear cost of new cargo tracking from June 1st


Starting this Friday – June 1, 2018, all exporters to Ghana will be required to comply with the Cargo Tracking Notes (CTN) policy before they can be allowed entry into Ghana and subsequent clearing of consignment of goods. The CTN requires that any exporter to Ghana, uploads details of the consignment onto a provided platform to allow the GRA reconcile ...

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Netherland partners local company to build 5000 homes for Ghanaians


As part of addressing the housing deficit in Ghana, Kylla Europe Netherland is partnering a local construction firm, Danywise Estate and Construction to build five thousand housing unit through out the country. The project which is the first of its kind in the country has a potential to offer cooperate staff the opportunity to acquire homes through mortgaging, rental or ...

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Ghana must grow consistently at 8% per annum— Ishmael Yamson

Dr.Ishmael Yamson

The Chairman of Ishmael Yamson and Associates, Dr. Ishmael Yamson has charged government to put in fiscal measures that will make the economy grow at a consistent rate of 8 percent per annum to help create the needed jobs. Dr. Yamson who described government’s intervention in setting up the Nation Builders Corp as a short term measure called for sustainable ...

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Multinational companies predict good business opportunities in Ghana


Some multinational companies moving to establish their retail base in Ghana are predicting good business opportunities due to the strategic location of the country. The companies are also citing ease of doing business as a major factor in selecting Ghana to be their main retail market in the West African sub-region. The latest company that has moved to Ghana to ...

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Ecobank Mobile app hits one million customers in Ghana


The Ecobank Mobile App has registered over 1 million customers in Ghana since its launch in November 2016. The millionth customer, Madam Priscilla Bamfo, successfully downloaded and on-boarded the App at precisely 6:46 pm on Wednesday 16th May, 2018, exactly 18 months after the launch of the app on November 16, 2016, a statement copied to Citi Business News said. ...

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Textile workers laud govt for fight against pirated textiles

Textiles people

The Coalition of Textile Workers have told Citi Business News they may not lay off workers as they are optimistic new measures proposed by the Ministry of Trade will solve the challenges facing the local textile industry. The textile workers have on several occasions argued that the Trade Ministry has paid no attention to their fight against illegal pirated textiles ...

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GRA, FDA must clamp down on wrongfully labelled products


Management of Unilever Ghana Limited has called on the Food and Drugs Authority (FDA) and the Ghana Revenue Authority (GRA) to rid the country off wrongfully labelled products as well as non-tax compliant products. The Ghana Standards Authority (GSA) in collaboration with the FDA, last month embarked on an exercise to remove wrongfully labelled products from supermarkets and shops that ...

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Tax justice: global solutions needed to lift global veil of secrecy


Effective taxation lies at the heart of the social contract between citizens and the state. It is a powerful instrument to reduce inequality, stimulate growth and enhance human development – for all countries. But getting it wrong is costly – tax evasion, tax avoidance and a lack of transparency destroy trust in public institutions. For citizens everywhere, in Africa, in ...

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MTN launches IPO next Tuesday


MTN will launch its Initial Public Offering (IPO) next week Tuesday, May 29, 2018. The exercise is to allow the public access to own a part of the telecom company. Following the completion of the process, the public will have access to thirty-five percent ownership in MTN. The decision to allow public ownership, forms part of the requirement for the ...

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BoG has no visibility on Mobile Money activities– George Andah

Dep Communications Minister, George Andah

A Deputy Minister for Communications George Andah has disclosed that the Bank of Ghana (BoG) has no capacity to properly monitor mobile money activities, hence the decision to bring in Kelni GVG to give government confidential data on mobile money transactions. According to him, the quality of data is very important to forecast the revenue generated in the area. His ...

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