Tag: Citi Business News
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Ride-hailing app drivers threaten to embark on sit down strike today
Users of ride-hailing apps may experience some challenges commuting as the Ghana Online Drivers Union commences its two-day nationwide sit-down strike from today, May 11, 2021. The drivers are using the protest to put pressure on managers of the app to increase fares charged patrons of the platform. They have justified their action attributing it…
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GRA must clamp down on tax evaders in oil sector – AOMCs
The Association of Oil Marketing Companies is urging the Ghana Revenue Authority to ensure that the new taxes introduced in the country are charged on every litre of fuel sold on the market. The association also wants the GRA to put in place measures to stop tax evasion to ensure that government realises the purpose…
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National Development Bank to commence operations by July ending – Ofori Atta
The National Development Bank is set to commence operations by the end of July 2021. This is according to the Finance Minister, Ken Ofori-Atta. According to him, government has now been able to raise the required seed capital of over 500 million dollars for the financial institution to fully begin operations. It will be recalled…
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New Taxes: Government must be prudent to prevent public fatigue – GUTA
The Ghana Union of Traders Associations says as the government commences implementation of the new taxes introduced in the 2021 budget, efforts should be made to ensure the citizenry get value for money. The government as part of efforts towards reviving the economy amidst the Covid-19- pandemic introduced some new taxes including the Energy Sector…
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We may increase transport fares by 40% – Committed Drivers Association
The Ghana Committed Drivers Association has hinted that it may soon increase transport fares by about 40 percent. This follows the Ghana Revenue Authority’s implementation of new taxes introduced in the 2021 budget statement. The association had earlier indicated its plans to pass on these taxes to commuters and Chairman of the Committed Drivers Association,…
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New taxes: Expect increase in prices of goods and services soon – Importers
The Importers and Exporters Association of Ghana says the public should expect a hike in the prices of goods and services in the next couple of days following the government’s implementation of new taxes. As part of the government’s efforts to revive the economy amidst the Covid-19 pandemic, it introduced some new taxes including, a…
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Construction chamber lauds government’s discounted bitumen from GOIL initiative
The Ghana Chamber of Construction Industry has welcomed recent comments by the Minister for Roads and Highways, Kwasi Amoako-Attah that government will negotiate with the management of GOIL to supply road contractors bitumen at a discounted price. However, speaking to Citi Business News, CEO of the chamber, Emmanuel Cherry stated that although the move is…
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OMCs likely to implement tax-induced price adjustments from May 4 – COPEC
It appears most Oil marketing companies are yet to adjust upwards their prices of fuel in the national capital, Accra two days after the set implementation date for the newly introduced taxes. The government during the presentation of the 2021 Budget Reading introduced some taxes including the Energy Sector Recovery Levy of 20 pesewas per…
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Saglemi Housing project was abandoned due to lack of national policy – ASEPA
The Alliance for Social Equity and Public Accountability (ASEPA) has blamed the current state of the Saglemi Housing project on the lack of a national housing policy in the country. The $200 million project initiated by the erstwhile Mahama government was initially for the construction of 5,000 housing units. Though the first phase of the…
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Let’s inculcate moral training in business education – Accra Business School Council Chair
The Council Chair of the Accra Business School is advocating for the integration of integrity and ethos in Ghana’s educational curriculum in a bid to strengthen the fight against the canker of corruption. According to Prof. Kwame Omane-Antwi, many of Ghana’s problems including the galamsey menace can be traced to corrupt dealings of people in…