Tag: Citi Business News
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Block revenue leakages instead of imposing new taxes – COPEC advises government
The Chamber of Petroleum Consumers, COPEC is asking the government to focus on sealing revenue leakages in the energy sector rather than impose more taxes. According to the Chamber, billions of dollars are lost to the state from various illegal activities such as fuel smuggling. Speaking to Citi Business News, Executive Secretary of COPEC, Duncan…
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GUTA welcomes Alan Kyerematen’s renomination as Trade Minister
The Ghana Union of Traders Association (GUTA) is elated with the president’s renomination of Alan Kyerematen, as Trade Minister. He served in the portfolio during the first term of President Akufo-Addo and GUTA believes he is so far the best minister to have been assigned to the ministry. Speaking to Citi Business News, President of…
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Alan Kyerematen maintained as Trade Minister
Alan Kyerematen has been renominated as Trade Minister. He is among the nineteen ministers who maintained their portfolios in President Akufo-Addo’s second term. Among the returning Ministers are Albert Kan Dapaah with the National Security Ministry and Ken Ofori-Atta for Finance The rest are: Dominic Nitiwul – Defence Ambrose Dery – Interior Shirley Ayorkor Botchwey…
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Ghana Hotels Association calls for more attention for local tourism amid COVID-19
In order for the tourism and hospitality industry to stay afloat amid the COVID-19 pandemic, the Ghana Hotels Association believes a lot of attention has to be given to local tourism in the country. The sector has been one of the worst-hit since the outbreak of COVID-19 losing millions of dollars. President of the Ghana…
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Sign Real Estate Authority Bill into law – Construction Chamber urges Akufo-Addo
The Ghana Chamber of Construction Industry (GCCI) has joined calls for the President, Nana Akufo-Addo, to accent to the Real Estate Authority Bill. According to the Chamber, this will contribute significantly to sanitizing the sector. Parliament in September 2020 passed the Bill pending the assent of the President. Speaking to Citi Business News, Chief Executive…
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Companies must help curb spread of COVID-19 amongst employees – Bureau of Public Safety
As the number of COVID-19 cases continues to surge in the country, the Bureau of Public Safety is calling on the business owners to put in place measures to help control the spread of the virus in their workplaces. Speaking to Citi Business News, Executive Director of the Bureau of Public Safety, Nana Yaw Akwada,…
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Focus on nuclear energy to reduce cost of electricity – AGI to government
The Association of Ghana Industries says Government ought to focus on nuclear energy to significantly reduce the cost of electricity in the country. Presently power in the country is being sold at about 17 cents per kilowatt-hour as compared to about 8 cents per kilowatt hour with Nuclear energy. Nuclear power plants are however expensive…
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LNG-to-power project to reduce cost of electricity in Ghana – Energy Consultant
Energy Consultant, Dr Yussif Sulemana has indicated that the liquified natural gas-to-power project will reduce the cost of electric production in the country by up to 30 percent. Ghana is set to open sub-Saharan Africa’s first liquefied natural gas-to-power project as it moves to position itself as a hub for the cleaner and cheaper fuel…
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Government must appoint only qualified persons to energy sector boards – COPEC
The Chamber of Petroleum Consumers (COPEC) has called on the government to ensure that only persons with requisite knowledge and expertise are assigned to manage the various energy sector institutions. A recent circular from the government on January 7, 2021, had indicated a dissolution of the various boards and corporations in accordance with the country’s…
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Businesses must abide by regulations to prevent fire outbreaks – Bureau of Public Safety
The Bureau of Public Safety is admonishing businesses across the country to fully comply with the Fire Precautions (Premises) Regulations L.I. 1724. According to the bureau, following the regulations will help prevent the frequent occurrence of fire outbreaks especially at business centres in Ghana. Executive Director of the Bureau, Nana Yaw Akwada believes these loses…