Tag: Citi Business News
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GTA confident continuous domestic tourism campaign will revamp industry
The Ghana Tourism Authority says it is confident that a continuation of its domestic tourism drive will contribute significantly to reviving the sector this year. Acting Director of Public Affairs at GTA, Nelson Jones stated in an interview with Citi Business News that his outfit will continue to push the agenda to ensure a thriving…
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Hospitality industry players confident of a rebound in business this year
Players in the tourism and hospitality industry are confident of a good business year in 2022. President of the Ghana Hotels Association, Dr Edward Ackah-Nyamike, stated they had, despite the impact of the pandemic, begun to record significant progress late last year. “Well, if we look at the base year as 2020 when Covid struck,…
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Tema ECG invests over GH¢3M into system improvement efforts
The Tema branch of the Electricity Company of Ghana Limited has invested a total of GH¢3,262,795.98 in seven major system improvement works from July to December 2021. The system improvement projects in the region form part of a grand corporate plan of ensuring reliable power supply and delivery of safe and quality electricity services to…
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Fuel prices to go up as Price Stabilisation and Recovery levy is restored
Fuel prices at the pumps are expected to go up effective today, February 1, 2022, as the temporary removal of the Price Stabilisation and Recovery Levy (PSRL) by the National Petroleum Authority (NPA) comes to an end. Head of Pricing at the NPA, Abass Ibrahim Tasunti, spoke on the development. “As we speak the levies…
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Ghana lost $8 billion in undervaluation of gold exports between 2011 and 2017 – ISSER
The Institute of Statistical, Social and Economic Research says Ghana lost about 8 billion dollars between 2011-2017 in taxes due to the undervaluation of gold exports in the country. This was revealed in recent research work by the centre themed curbing Commodity-Trade related illicit financial flows, Policy options for Ghana. ISSER believes that the government…
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Use brokers when purchasing insurance policy -IBAG President urges public
The newly sworn-in President of the Insurance Brokers Association of Ghana (IBAG), Shaibu Ali, is urging the public to deal with insurance brokers rather than directly with insurance firms. According to him Insurance Brokers are trained personnel who can recommend ideal insurance packages for their clients and work to protect their interests. He stated that…
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GTA shuts down 3 hospitality centres for not paying 1% Tourism Levy
The Ghana Tourism Authority (GTA) has shut down three hospitality centres in the capital. According to the Authority, these businesses owe over GH¢600,000 in levies. Business operators in the tourism and hospitality sector are mandated to pay their 1 percent tourism levy, but Hill View Hotel, Suma Court Hotel and Tayiba Cafe, all in Accra,…
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National Pensioners’ Association commends SSNIT for increasing pensions
The National Pensioners Association says the Social security and National Insurance trust’s (SSNIT) increment of pensions in the country despite the economic impact of the Covid-19 pandemic is commendable. SSNIT last week announced that pensioners in Ghana should expect about a 10 percent increase in their pensions for 2022. Speaking to Citi Business News on…
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Decision to reverse benchmark value discounts must be data-based, not whims – Dr Ampaabeng
Tax Analyst, Dr Alex Ampaabeng, says the government’s final decision on the reversal of the discounts on the Benchmark Values Policy must thoroughly be data-driven rather than based on the fancies of the Ghana Union of Traders Associations (GUTA) and the Association of Ghana Industries (AGI). This, he argues, will save the government from revenue…
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Nestle temporarily withdraws Ideal & Carnation milk off the shelves
Following the public outburst over the content of some of Nestle Ghana’s milk products, the leading consumables manufacturer has decided to take all its Ideal evaporated milk and Carnation tea creamer off the shelves temporarily. According to a press statement released by the company, this move is part of efforts towards ensuring customers get the…