Tag: Ghana Business News
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Fish farmers laud ‘Aquaculture for food & jobs program’
The Ghana Aquaculture Association wants the Ministry of Fisheries and Aquaculture Development to improve its surveillance and reduce the instances of diseases even as it considers implementing the aquaculture for food and jobs program. The group has lauded the move but fears the gains could be eroded with the presence of instances of diseases at…
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GRA to sanction officials in bribery allegations over TIN registration
The Ghana Revenue Authority (GRA) has cautioned that it will not spare any of its officers who will be implicated in taking bribes before registering people for Tax Identification Numbers (TIN). There have been allegations that some officers have been demanding money from taxpayers before registering them. The issue is also cited as contributing to…
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Ameri welcomes Amewu’s ‘enhanced’ agreement
Ameri Energy has demonstrated its willingness to work with the government of Ghana on the new agreement it has brought forth. CEO of Ameri Energy, Mustafa Ahmed said in a statement: “We are always happy to address any misconceptions about our work and we’ve engaged in a constructive dialogue with the government and all stakeholders.…
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Energy Commercial bank, First Atlantic Bank to merge for GH¢400m capital
Energy bank and First Atlantic bank have begun merger talks in order to raise the 400 million cedis minimum capital requirement for banks. Citi Business News understands that a Memorandum of Understanding (MoU) has been signed awaiting further action from the two sides. Per the MoU, Energy Commercial Bank and First Atlantic Bank will join…
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National carrier:Pursuit for partner still on course –Minister
Aviation Minister, Joseph Kofi Addah has clarified that the government is yet to conclude the processes that will lead to the selection of a partner for the new home based carrier. According to him, the Memorandum of Understanding (MoU) with Ethiopian Airlines is but one of the numerous agreements signed with other interested airlines. Recent…
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Agric in focus: Agric startups lament low local investments
Access to funding may not be a challenge peculiar to farmers alone. This is because startups in the agric space providing modern techniques to boost production in the sector are facing the same challenge. In the following report, some owners of startups within the agric value chain, comment on the issue. Click to listen to…
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Agric in focus: Cocoa farmers seek new livelihoods
Cocoa plays an important role in the economy of Ghana. The cocoa industry employs approximately 800,000 farmers spread over six out of the ten regions of Ghana. The crop generates about 2 billion dollars in foreign exchange annually and is a major contributor to Government’s Revenue and GDP which is the total value of all…
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Plans to recapitalize ADB threatens merger with NIB
It is emerging that the proposed merger between ADB and NIB may not come off following a recapitalization plan outlined by ADB. The Finance Minister, Ken Ofori Atta has stated of plans to establish a National Development Bank with the merger. The latest comes with about three weeks to the deadline for the minimum capital…
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Ghana to stop rice imports soon – Agric Minister
The Minister of Agric, Dr. Owusu Afriyie Akoto has stated that his outfit is working to reduce drastically, if not stop the import of rice within the next four to five years. It follows the success chalked as the country did not import maize between January and September this year due to increased local maize…
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![What everyone should know about credit cards [Article]](https://citibusinessnews.com/wp-content/uploads/2018/12/credit-cards-1.jpg)
What everyone should know about credit cards [Article]
For many people, the use of a credit card as a financial instrument, is met with some amount of apprehension. Justified or not, a lot of these apprehensions are borne out of a lack of an understanding and a complete appreciation of a credit card, how it differs from other cards and the benefits it…