Tag: Citi Business News
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GUTA advocates deeper stakeholder engagement one year after AfCFTA implementation
A year into the implementation of the African Continental Free Trade Area Agreement (AfCFTA), the Ghana Union of Traders Associations (GUTA) wants more stakeholder engagement to ensure success. The President of the Ghana Union of Traders Associations (GUTA), Dr Joseph Obeng, says a lot more effort will be required to ensure the agreement lives up…
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BOST and TOR must shield Ghanaians from impact of fuel price increase – COPEC
As global Oil prices are tipped to hit record levels this year, the Chamber of Petroleum Consumers Ghana (COPEC) says the Tema Oil Refinery and the Bulk Oil Storage and Transportation Company Limited must absolve the public from its associated shocks. Speaking to Citi Business News, Executive Secretary of COPEC, Duncan Amoah stated that these…
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Construction Chamber calls for sensitization on Real Estate Agency Act
The Ghana Chamber of Construction Industry is calling on the Real Estate Agency Council to create more awareness on its operational Act. The Council was commissioned late last year in accordance with the Real Estate Agency Act. Chief Executive Officer of the Chamber, Emmanuel Cherry, said the Real Estate Agency Council must work to enlighten…
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SSNIT increases 2022 pension by 10%
Pensioners in Ghana should expect about a 10 percent increase in their pensions for 2022. This is according to the Social Security and National Insurance Trust (SSNIT). The decision, according to SSSNIT,was arrived at in consultation with the National Pensions Regulatory Authority (NPRA) and in line with Section 80 of the National Pensions Act 2008…
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Almost 60,000 cans of coagulated Nestle milk cans retrieved – FDA
The Food and Drugs Authority (FDA) says it has directed Nestle Ghana Limited to initiate processes to recall some of its defective batches of tin milk on the market. This follows some complaints by consumers of coagulation of Ideal and Carnation milk products on the market. The FDA has revealed in a statement that although…
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Fuel price hike: COPEC reiterates calls for review of tax build-up
Following an earlier projection by the Chamber of Petroleum Consumers Ghana (COPEC) that prices at the pump may go up by at least 20 pesewas, various Oil Marketing Companies (OMCs) have begun increasing their prices marginally. Some of the OMCs, however, increased the price of the fuel by just 5 pesewas, despite the price hike…
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GUTA welcomes ‘temporary’ suspension of reversal of benchmark value discounts
The Ghana Union of Traders Association (GUTA) has welcomed the announcement by the government for the Ghana Revenue Authority (GRA) to suspend the implementation of the benchmark value discounts. President Akufo-Addo on Saturday directed the GRA to stay the rollout of the policy until January 17, 2022, to allow for broader stakeholder engagement. As part…
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Drivers unhappy with imminent fuel price increase
Commercial vehicle operators in the capital, Accra have raised concerns about an expected increase in fuel prices in the coming days. Already a major player in the Fuel retail space, Total, has adjusted its prices upwards with petrol now selling at GHS6.8 and diesel GHS6.85. This is an increase from an earlier price of GHS6.65…
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Take COVID-19 jabs to avert reintroduction of restrictions- TAGG urges traders
The Traders Advocacy Group Ghana (TAGG) is urging all players in the trading community to ensure they take the Covid-19 vaccines to curtail the spread of the virus. Ghana currently has over 12,000 active cases of the pandemic. It will be recalled that some restrictions including a lockdown were introduced as a preventive measure when…
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Expect about 20 pesewas increase in fuel prices soon – COPEC
The Chamber of Petroleum Consumers Ghana (COPEC) is projecting fuel prices may go up by about 20pesewas in the coming days. This development is based on a number of factors that have impacted global fuel pricing. Fuel prices currently sell at about GHS 6.6 at the pumps. But there is an expected change in the…