Tag: Citi Business News
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GNCCI calls for donor support for data-driven projects
The Ghana National Chamber of Commerce and Industry (GNCCI) is calling for donor support to assist in covering the cost of acquiring critical data for its operations. GNCCI says the support will enable it to inform Ghanaians on the bottom-up decision on government policies. The President of the Chamber, Clement Osei-Amoako, made the request while…
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Staff of Holiday Inn demand fair ruling from NCL over redundancy pay
Workers of Holiday Inn Hotel in Accra have given the National Labour Commission (NLC) a one-week ultimatum from the 28th of October up until 4th November 2020 to help resolve issues regarding their full redundancy packages. This follows the decision of the hotel’s Chief Executive Officer to lay off some staff members. According to the…
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Address fuel smuggling in budget presentation – COPEC to Gov’t
As the Minister of Finance prepares to read the budget today, October 28, 2020, the Chamber of Petroleum Consumers (COPEC), says it expects to hear government’s plans to end fuel smuggling in Ghana. Although government has made some efforts to address the challenge, the chamber says the problem persists, causing the country to lose revenue.…
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#EndSARS protest will hit Ghana’s economy if it escalates – Economist
An Economist, Dr. Lord Mensah, says Ghana ought to be concerned about the #EndSARS protest ongoing in Nigeria as he believes its ripple effect can have negative consequences on the Ghanaian economy. Dr. Lord Mensah insists that if the protest escalates, Ghana should expect to see an influx of Nigerians as it is a major…
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Parliament approves Petroleum Hub Development Corporation Bill, 2020
Parliament has passed the Petroleum Hub Development Corporation Bill, 2020. The Bill, once assented to by the President, will establish the Petroleum Hub Development Corporation to promote and develop a petroleum and petrochemicals hub in Ghana’s Western Region. The project will involve the development of infrastructure such as refineries, port terminal facilities, storage facilities, as…
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Former PDS contractors owed over 1.6m cry out to Gov’t for payment
Some contractors who were engaged by the former managers of defunct Power Distribution Services (PDS), are calling on government to facilitate payment for jobs they have executed since 2019. Spokesperson for the group, Alhassan Abubakari, who Spoke to Citi Business News said all efforts including petitioning the presidency over their concerns has yielded no results.…
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Chartered Accountants, Ghana Bill, 2020 goes through 2nd reading in Parliament
Parliament has begun processes for the passage of the Chartered Accountants, Ghana Bill, 2020. Speaking on the floor of Parliament, a Deputy Minister of Education, Gifty Twum Ampofo, said the passage of the bill is critical considering the growing impact of technology on professions like accountancy. “The increase use of Technology which keeps evolving, improved…
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Tourism Chamber lauds KIA’s ACI Airport Health Accreditation Certificate
The Chamber for Tourism Industry Ghana, has commended the Ghana Airports Company and the Ghana Civil Aviation Authority following Kotoka International Airport’s receipt of the Airports Council International’s Airport Health Accreditation Certificate. Speaking to Citi Business News, Chief Operations Officer for the Chamber, Angela Akua Asante, said the Chamber believes this would boost the confidences…
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Educate public on deposit protection scheme – Otuo Acheampong to banks
Banking Consultant, Nana Otuo Acheampong has called on financial institutions in the country to prioritize educating the public on the deposit protection scheme. According to him, this will ensure its success as well as increase the confidence of customers in the banking sector. The Ghana Deposit Protection Insurance Scheme was established to protect insured depositors…
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Ghana targets over $1.5bn in export tax from Petroleum Hub Development Corporation
Parliament has begun processes for the passage of the Petroleum Hub Development Corporation Bill, 2020. The Bill seeks to establish the Petroleum Hub Development Corporation to promote and develop a petroleum and petrochemicals hub in Ghana’s Western Region. Chairman of the Mines and Energy Committee of Parliament, Emmanuel Akwasi Gyamfi, who spoke on the floor…