Tag: Citi Business News
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2022 budget must make provision for payment of debts owed contractors – Construction Chamber
Barely a day to the presentation of the 2022 Budget Statement and Economic Policy, the Ghana Chamber of Construction Industry, is urging the government to ensure that plans for the settlement of debts owed its members as far back as 2016 are captured in the policy document. The chamber argues that the delayed payments adversely…
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GUTA calls on members to reject plans to reverse 50% benchmark value reduction policy
The leadership of the Ghana Union of Traders Associations (GUTA) has asked its members to reject plans to reverse the benchmark value reduction policy. This follows a communique sighted from the Ghana Revenue Authority which indicated the intended cancellation of the discounts on Benchmark Values for vehicles and general goods from the 15th of November…
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Gov’t must use revenue raised from Price Stabilisation and Recovery Levy to mitigate hike in fuel prices – Akwaboah
As the price of fuel at the pump continues to rise, a former board chairman of the Association of Oil Marketing Companies, Henry Akwaboah, says the government must begin drawing from the Price Stabilisation and Recovery Levy account to help reduce the impact of the rampant increase on consumers. He said he “thinks that all…
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We won’t accept contributions from persons without Ghana cards from January 2022 – SSNIT
The Social Security and National Insurance Trust (SSNIT) says employers who submit contributions reports for employees without Ghana card numbers from next year risk attracting sanctions. According to SSNIT such reports submitted at its offices from the 2nd of January 2022 will be rejected and employers could suffer penalties on such contributions if they are…
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2022 budget: Replace ‘nuisance’ taxes with productive levies – Prof. Quartey
Ahead of the presentation of the 2022 budget, the Director of the Institute of Statistical Social and Economic Research (ISSER), Professor Peter Quartey, is calling for the scrapping of some nuisance taxes introduced in the previous budget. Professor Peter Quartey believes some of the taxes introduced did not live up to expectations with respect to…
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Government pledges to boost SME sector through strategic partnerships
The Ministry of Trade and Industry has pledged to strengthen partnership with the private sector to grow Ghana’s Small and Medium-sized Enterprises (SMEs) sector, which remains vital to the country’s economic outlook. A Deputy Minister for Trade and Industry, Nana Ama Dokua Asiamah Adjei, speaking during the launch of the ACET Business Transform which aims…
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CIMG Annual Awards: Adansi Travels Limited Wins Prestigious Award for The Year 2020
Adansi Travels Limited, a leading company in the Travel and Tour business in Ghana, has been adjudged *CIMG Hospitality (Allied and support services) of the year 2020 * The Travel and Tour company beat all competitors in the category to pick the coveted award. The Chartered Institute of Marketing Ghana (CIMG) presented the prestigious award…
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Africa must hasten slowly in discarding hydrocarbons – Dr. Amin Adam
A deputy Energy Minister, Dr. Mohammed Amin Adam, says African countries ought to exercise some patience in adopting cleaner sources of energy. According to the Energy And Petroleum Economist, the recent energy crisis in Europe should be clue enough that no economy can depend solely on the “so-called cleaner sources of energy”. Dr. Amin Adam…
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Plans to kick out foreign players in Ghana’s downstream oil sector counterproductive – Henry Akwaboah
The Former Chairman of the Association of Oil Marketing Companies, Henry Akwaboah, says the government’s plans to aggressively implement a local content law on the downstream sector risk dwindling investor confidence in the country. This follows some moves by the government to increase local participation in the space. Henry Akwaboah says if this is not…
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Favourable electricity tariffs will make steel industry competitive amid AfCFTA – B5 Plus CEO
Leading iron and steel manufacturing company, B5 Plus says Ghana stands to be a market leader in the sector with the implementation of the African Continental Free Trade Area (AfCFTA) if the issue of the high cost of electricity is addressed. Chief Executive Officer of B5 Plus, Mukesh Thakwani, called on the government to introduce…