Tag: Citi Business News
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Parliament’s Mines, Energy and Finance committees must review fuel taxes – COPEC
The Chamber of Petroleum Consumers (COPEC), is calling on Parliament’s Mines and Energy and Finance Committees to review the government’s proposal of a new petroleum tax. Following the passage of the 2021 budget, the various committees in Parliament are set to debate aspects of its appropriations to the sectors. Meanwhile, speaking to the Citi Business…
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Claims we spent GHS1.7 billion on COVID-19 inaccurate – Government
The government has clarified that it spent GHS19 billion on the COVID-19 pandemic contrary to media reports. This follows publications by some local media houses as well as a post by Member of Parliament for Yapei Kusawgu, John Jinapor, that per the 2021 budget statement, only GHS1.7 billion of the allocated GHS19 billion for issues…
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National Safety Council signs MoU to provide occupational health and safety training in Ghana
The National Safety Council, Ghana has expressed its commitment to ensuring safety at workspaces especially amid the COVID-19 pandemic. Safety at workplaces has become a critical concern for industry players as it has become key points for transmission of the virus. In light of this, the Council has signed a memorandum of understanding (MOU) with…
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We didn’t force retirees to sign acceptance forms for benefits – SSNIT
The management of the Social Security and National Insurance Trust (SSNIT), has downplayed allegations by the Civil and Local Government Staff Association of Ghana (CLOGSAG) that retirees are being forced to sign an acceptance form for their benefits. CLOGSAG had accused SSNIT of acting unprofessionally regarding an ongoing negotiation on the payment of past credits…
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Fast-track system upgrade – AGI to GRIDCo
The Association of Ghana Industries has admonished the Ghana Grid Company, (GRIDCo) to hasten its announced system upgrade to prevent any negative effect on operations of industries. Speaking to Citi Business News, Chief Executive Officer of the Association of Ghana Industries, Seth Twum Akwaboah while commending GRIDCo for announcing the upgrade timelines urged the company…
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Yet-to-be-approved taxes must have timelines – KPMG’s Anthony Sarpong
International Auditing Firm, KPMG says the yet to approved new taxes are a necessary evil as the government strives to engineer the recovery of the economy following the impact of the COVID-19 pandemic. In an interview with Citi Business News on the sidelines of a stakeholder engagement on the 2021 budget organised by KPMG, its…
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Sunon Asogli announces plans to venture into renewable energy
Sunon Asogli, Ghana’s leading Independent Power Producer has indicated plans to venture into the renewable energy space. According to the IPP, it plans on establishing a 50 megawatts wind power project in Ada with an estimated cost of 127 million dollars. The project will require 18 months to be completed and have a 20-year operational…
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Government will get TOR back on its feet – Energy Minister
The Minister of Energy, Matthew Opoku Prempeh, has expressed the government’s commitment to ensuring the country’s only Refinery, Tema Oil Refinery, TOR, is up and running. The refinery has not been operational for a while now due to several challenges, including the inability of the entity to pay its workers. But the Energy Minister says…
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30% corporate income tax rebate not enough incentive – Hotels Association
The Ghana Hotels Association says its expectation was not met in the recently delivered 2021 budget statement. According to the association, it expected more policies that will help the ailing industry get back on its feet. Speaking to Citi Business News, President of the Ghana Hotels Association, Dr Edward Ackah-Nyamike said the hotel industry will…
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30% corporate income tax rebate a good step for the sector – Tourism Chamber
The Ghana Chamber of Tourism Industries has welcomed government’s announcement of a reduction in corporate income tax for players in the tourism sector. Speaking to Citi Business News, CEO of the chamber Prince Ntiamoah Boampong described the move as key to reviving the struggling sector. In the recent budget presentation, it was revealed that the…