Tag: Citi Business News
-
NPA encourages consumers to lodge complaints of foul play at the pump for redress
The National Petroleum Authority is encouraging the public to reach out to its office whenever they have a challenge with products sold to them at the pumps. This according to the NPA will enable it to weed out non-compliant companies in the system. Communications Manager at NPA Mohammed Abdul-Kudus stressed that it was important that…
-
Banks must improve their systems to check rising spate of financial fraud – e-Crime Bureau
Cyber security firm, e-Crime Bureau is encouraging businesses in the financial sector to beef up their security and ensure they safeguard their systems to mitigate the occurrence of fraud. This follows a recent report by the bank of Ghana which indicated an increase in fraud-related losses by Banks and specialized deposit taking institutions in Ghana…
-
We did no wrong in sale of 260 metric tonnes of slop oil – TOR
Management of the Tema Oil Refinery (TOR) has refuted claims of wrongdoing in a recent sale of about 260,000 tonnes of slop oil. This follows a recent publication that suggested that TOR was involved in a shady deal with some unlicensed companies. The report revealed what it described as a shady transaction between state-owned Tema…
-
The Need to Pause and Rethink Tax Exemption Regime in Ghana
Ghana has been granting tax exemptions and getting virtually nothing in return. Meanwhile, higher and more taxes are imposed on citizens repeatedly. Public sector workers are asking government to pause and rethink the exemptions which are a drain on government revenue. Ghana’s low and declining tax efforts make it extremely disturbing for the country to…
-
GEA/Mastercard Foundation Young Africa Works supports 3,000 Beneficiaries with Start-up Kits
The Ghana Enterprises Agency in collaboration with the Mastercard Foundation have presented 3,000 Start-up Kits to beneficiaries who have completed their apprenticeship program. The GEA/Mastercard Foundation Young Africa Works Project is under one of GEA’s flagship Programs, the Youth Entrepreneurship and Employment Programme (YEEP). YEEP is an upgraded and job-focused version of all the apprenticeship…
-
Over 120,000 persons reimbursed for wrongful e-levy deductions – GRA
After the initial challenges that fraught the first few days of the implementation of the electronic transfer levy, over 120,000 customers have so far been reimbursed for wrongful deductions. Head of Project Management Unit at the Ghana Revenue Authority Isaac Kobina Amoako stated that “The data we had for those who had a refund on…
-
Collaborative effort required to address market fires – TAGG
The Traders Advocacy Group Ghana is calling for a holistic approach to dealing with the frequent fire outbreaks in the country. President of TAGG, David Amoateng, believes there must be a concerted effort by local assemblies, leadership and markets folks, and the Ghana National Fire service, to prevent the occurrence of fires in markets across…
-
Investment in storage and processing key to food security – Fatima Alimohamed
Chairperson of Agribusiness at the Association of Ghana Industries, Fatima Alimohamed, says investment in storage infrastructure and advanced food processing methods is crucial to addressing the challenge of food security in Ghana. “We need to invest in infrastructure and in terms of storage warehouses to be able to take care of this kind of foods…
-
We are close to recovering from the impact of COVID-19 – hospitality players
Two years since the COVID-19 pandemic struck in Ghana, players in the hospitality space say business is almost back to normal for them. President of the Ghana Hotels Association, Dr Edward Ackah-Nyamike stated that “I think the industry is bouncing back and we are almost close to the pre-COVID-19 performance, at least from the middle…
-
Industry players blame high cost of Hotels in Ghana on economic situations
The Ghana Hotels Association says the high cost of hotel services is due to the economic situation in the country. This comes on the back of a recent revelation by the association that some international tourists are, due to this circumstance, compelled to spend up to 60 percent of their budget on hotel accommodation. In…