Tag: Citi Business News
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Solidaridad launches reclaim sustainability programme in Ghana
Solidaridad, an international civil society organization, has launched its RECLAIM Sustainability! programme at a brief ceremony in Accra. The five-year programme, which is implemented by Solidaridad and TrustAfrica with funding from the Dutch Ministry of Foreign Affairs, seeks to contribute to sustainable and inclusive cocoa, oil palm and gold supply chains, in which producers receive…
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GUTA commends Bagbin for addressing concerns raised over alleged review of GIPC Act
The Ghana Union of Traders Association (GUTA) has commended the Speaker of Parliament, Alban Bagbin for addressing concerns they raised over a purported review of the GIPC Act 2013, Act 865. The Speaker of Parliament is reported to have hinted of a review of the GIPC Act to exempt the capital requirement for Nigerian retailers…
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2021 growth, inflation and fiscal deficit targets likely to be missed – Economist
A key feature of all budgets are the macroeconomic targets set out in the respective statements. The targets give an idea of the confidence level in the structure and fortunes of the economy for the period in question. Before giving updates on progress made with the implementation of government’s programs and policies in 2020, as…
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Finance Minister to present mid-year budget review today
The Finance Minister, Ken Ofori-Atta, will present the mid-year budget review in Parliament today, Thursday, July 29, 2021. The budget review, which is in accordance with Article 179 of the 1992 Constitution and the Public Financial Management Act 921, presents the opportunity to revise macroeconomic targets and present a comprehensive economic outlook for the rest…
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Mid-year budget review: Energy consultant calls for removal of some petroleum taxes
Ahead of the presentation of the 2021 mid-year budget review today, Thursday, July 29, 2021, Energy Consultant, Dr. Yussif Sulemana, says he expects the government to review some taxes introduced in the petroleum sector. He argues that as oil prices on the global market continue to surge, the government stands to make up for any…
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Enforce COVID-19 safety protocols at workplaces – Bureau of Public Safety urges
With the COVID-19 delta variant contributing to a surge in infections in the country, the Bureau of Public Safety is asking employers to be more vigilant with the enforcement of the safety protocols to minimise the spread of the virus at their premises. Speaking to Citi Business News, Executive Director of the Bureau of Public…
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Mid-year budget review: Hotels association calls for measures to reduce cost of living
Ahead of the mid-year budget review, the Ghana Hotels Association is calling on the government to introduce policies that will reduce the cost of living in Ghana. According to the association, this would increase the disposable income of the public, which will help increase patronage of tourism and hospitality facilities across the country. President of…
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25% of insurance claims in Ghana are fraudulent – NIC Boss
About 25% of all insurance claims made in the country are fraudulent, according to the Commissioner of Insurance, Dr. Justice Ofori. According to the 2019 Annual Report of the National Insurance Commission (NIC) average daily claims incurred by Non-Life Insurers in Ghana was GHS 1.4 million. Insurance fraud may fall into different categories, from individuals…
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Tourism sector is key to implementation of AfCFTA – Chamber for Tourism
The Chamber for Tourism Industry Ghana has stated that the sector is instrumental in the implementation of the African Continental Free Trade Area (AFCFTA) agreement. Chief Executive Officer of the Chamber, Prince Ntiamoah Boampong stressed that “One of the sectors that will play a major role in this free trade is the tourism sector because…
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GSE likely to record first positive yearly return since 2017 – Analyst
A continuous easing of COVID-19 related restrictions will see the Ghana Stock Exchange (GSE) ending the year 2021 on a positive note, the first time since 2017. That’s according to the General Manager of UMB Stockbrokers, Ben Ackah. For the past decade, the Ghana Stock Exchange Composite index (GSE-CI) which reflects the average performance of…