Tag: Ghana Business News
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ADB to save GH¢24m annually from acquiring head office
The Agricultural Development Bank (ADB) has disclosed that its plan to secure where it is currently headquartered, will ultimately save the bank about 24 million cedis annually. ADB’s earlier decision to pay an annual rent of 5 million dollars at its current headquarters in 2015, generated a lot of controversy between the staff and the…
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Producer Price Inflation drops to 4.8% in April 2017
Ghana’s producer price inflation for April this year recorded 4.8 percent. This is down from the 6 percent recorded in March this year. This means that the cost of production for industries has seen some stability during the period. The difference between the producer price inflation between March and April this year was negative 1.3…
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Employers’ Association proposes extension of maternity leave by 2 weeks
The Ghana Employers’ Association has proposed an extension of the country’s maternity leave from the current 12 weeks to 14 weeks. The call follows moves from various stake holders to have the leave period extended to enable women undertake exclusive breastfeeding as well as recover before resuming work. Speaking to Citi Business News on the…
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RGD to restrict TIN registration from June
The Registrar General’s Department (RGD) has served notice it will from next month restrict the generation of Tax Identification Numbers (TIN) at its head office in Accra. This the Department says is aimed at reducing both human and vehicular congestion at its premises in Accra. The move is also targeted at achieving the President’s commitment…
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Genevieve Basigha wins 2017 MTN Heroes of Change
Genevieve Basigha has been named as the winner for the 2017 edition of MTN’s Heroes of Change. The speech and hearing impaired lady, beat off competition from nine other finalists to win the coveted award. Genevieve has established a special school at Obuasi to assist deaf and dumb children with education emerged winner of the…
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Govt to slash corporate taxes to 20% in 2018 – Alan Kyerematen
Private sector businesses should from next year begin paying less in corporate taxes. It comes on the back of the proposed 5 percent drop in corporate tax from the current 25 percent. The slash in corporate taxes was among the numerous tax incentives promised by the NPP government ahead of the 2016 elections. The move…
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We will save Ghana money with interoperability – GhIPSS
The Ghana Interbank Payment and Settlement Systems (GhIPSS), has given indication that it will cost the country relatively cheaper with the provision of mobile money interoperability. According to GhIPSS, its mandate to provide the platform should save the country huge sums of money. The CEO of GhIPSS, Archie Hesse made the remarks when he addressed…
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Finance Ministry gives ‘ghost’ workers’ new deadline
The Ministry of Finance has extended the deadline for the payment of April salaries of some public sector workers who failed to enroll onto the SSNIT biometric system. The workers have up till the 15th of June 2017 to re-register to get their salaries paid. A statement from the Finance Ministry and copied to Citi…
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Embassies oppose appeals for refund of bounced visa fees
It appears calls for refund for bounced visas by Embassies operating in Ghana may not be heeded anytime soon as some Embassies have already squashed the possibility of refunds. The Consumer Protection Agency (CPA) has renewed pressure for the embassies to review their visa policies. It describes the development as an infringement on the rights…
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17,000 ‘ghost’ workers yet to be paid April salaries – Finance Ministry
At least 17,000 public sector workers are yet to receive their April 2017 salaries for non-biometric SSNIT registration. A statement from the Finance Ministry and copied to Citi Business News said about 9,300 out of the over 26,000 affected workers have been paid after successful validation. According to the Finance Ministry, the payments amounted to…