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Ghana spends over US$100 million on tomatoes and onions annually
A study by the Agency for Health and Food Security (AHEFS), a non-governmental organisation (NGO) has revealed that Ghana spends over US$100 million on the importation of vegetables annually.The vegetables, mostly tomatoes and onions,...
Business
SSNIT pensions: 13 defaulting employers to be prosecuted Employment Minister
The National Pensions Regulatory Authority is implementing a Sanctions Regime to enforce compliance and instil discipline in the pensions industry. As a result, the authority has been given the mandate by the Attorney General...
Business
Stop paying business development fees to mobilise deposits BoG
The Bank of Ghana (BoG) has directed Banks and SDIs to desist from the payment of facilitation and business development fees or any other fees to mobilise deposits.The central bank says any institution which...
Business
Inlaks wins Information Technology Company of the Year at the Nigerian Business Leadership Awards
Inlaks, the leading systems integrator in Sub-Saharan Africa emerged winner as the Information Technology Company of the Year at the Nigerian Business Leadership Awards organized by Business Day Nigeria.The event which was held on...
Business
Desist from the payment of facilitation, business development fees BoG
The Bank of Ghana (BoG) has directed Banks and Specialized Deposit-taking Institutions (SDIs) to desist from the payment of facilitation/business development fees or any other fees to attract deposits henceforth.The Central Bank said any...
Business
Introduce Friday wear for locally made footwear – AGI Chairman
Mr Dela Gadzanku, the Eastern and Volta Regional Chairman of the Association of Ghana Industries (AGI), has called for the promotion of the wearing of made in Ghana footwear alongside the wearing of made...
Business
Government grooms 22,500 students under entrepreneurship initiative
Dr Ibrahim Mohammed Awal, the Minister of Business Development on Tuesday announced that over 22,500 students in second cycle and tertiary education institutions are benefitting from Student Entrepreneurship Initiative.He said 7,500 students in the...
Business
Policy on entrepreneurship in the offing Awal
Government is planning to introduce a policy guideline on entrepreneurship, Minister of Business Development, Dr Ibrahim Mohammed Awal, has revealed.This was contained in a release after a press meeting on Tuesday, 13 August 2019,...
Business
Weak risk management led to banks collapse Bank of Ghana
The Bank of Ghana within the space of two years collapsed 16 banks and merged five other banks into a Consolidated Bank of Ghana Limited. These Banks were undercapitalized as a result of poor...
Business
Policy on entrepreneurship in the offing Awal
The Minister of Business Development, Dr. Ibrahim Mohammed Awal, has revealed government is planning to introduce a policy guideline on entrepreneurship.This was contained in a release after a press meeting on Tuesday, 13 August...
Business
CBOD urges BDCs to revise trade credit to reduce fuel prices
The Chamber of Bulk Oil Distributor Companies (CBOD) has advised Bulk Oil Distribution Companies (BDCs) to revise their trade credit tenor from the current forward foreign exchange rate from the average 60-day to 30-day...
Business
Give effect to luxury vehicle tax withdrawal Car dealers to government
The Vehicle Dealers Association of Ghana (VADAG) wants government to take urgent steps to give full effect to the repeal of the luxury vehicle levy.Last week, Parliament passed a bill to scrap the tax...
Business
Jeftex Marine Services Ghana Ltd bringing smooth and safe operations to marine vessels
Jeftex Marine Services Ghana Ltd with its Managing Director, Dr. Kofi Addison, has over the past six years, brought quality marine logistics services and offshore support to various multinational companies. As a marine logistics...
Business
African Governors commit to pursuing macroeconomic frameworks
African Governors at the end of a two-day meeting have committed to pursuing appropriate macroeconomic frameworks, policies and reforms that support a conducive environment for private investment, women empowerment and inclusive sustainable growth.They called...
Business
Efficiency, innovation will propel high performance – IoD
Mr. Rockson K. Dogbegah, President of the Institute of Directors Ghana, has said sustainable high performance in corporate environments require a combination of efficiency and innovation to achieve positive results.He said both were crucial...
Business
Foreign Ministry, ECOWAS sensitize citizens on free movement
The Ministry of Foreign Affairs and Regional Integration and the Economic Community of West African States (ECOWAS) have commenced a two-day sensitization and support programme for citizens in West Africa on ECOWAS national biometric...
Business
Mobile customers to enjoy 400MB data for GH¢1 from Glo
Mobile customers across Ghana now have a unique opportunity to enjoy 400MB Data and unlimited calls for GH¢1.00 only from Glo Mobile Ghana.A statement issued in Accra said 'this looks too good to be...
Business
Chinese kicking us out of business – Fashion entrepreneur
Chief Executive Officer of one of Ghana's foremost fashion hubs, Akaal Dekor, Hawah Braimah, has bemoaned the growing trend of Chinese fashion businesses giving their Ghanaian counterparts a good run for their money.Ms. Braimah,...
Business
Premier bags 2 awards at Ghana Insurance Awards
Premier Health Insurance Company has picked up two awards at the second edition of the Ghana Insurance Awards ceremony held at the Kempinski Hotel.The company picked up the coveted Brand of the Year award...
Business
Premier bags 2 awards at Ghana Insurance Awards
Premier Health Insurance Company has picked up two awards at the second edition of the Ghana Insurance Awards ceremony held at the Kempinski Hotel.The company picked up the coveted Brand of the Year award...
Business
Local steel manufacturers lament high power tariff
The Steel Manufacturers Association of Ghana (SMAG) says the cost of power is dealing a heavy blow to the growth and development of the industry.Members of the association on Tuesday visited Parliament to meet...
Business
Challenges in the energy sector and how government intends to resolve it
The Minister of Finance, Ken Ofori-Atta has indicated that starting August 1, 2019, government will cancel all existing power-purchasing agreements which require that the country pays for power which it does ...
Business
Gov’t increases tax to secure digital infrastructure
Government in the last half of 2019 will be working on safeguarding Ghana's digital infrastructure.This has been the justification for the increment in the Communication Services tax by the Finance Minister, Ken Ofori Atta.A...
Business
Weve paid all entitlements due retrenched employees Anglogold Ashanti
AngloGold Ashanti has expressed its dissatisfaction with a protest staged by former employees of the organisation to demand their unpaid compensation.The former employees, who were rendered redundant between 2013 and 2014 claimed that about...
Business
Part 2: True status of NPPs 17 plus tax measures ESLA, temporary and other taxes
IntroductionPart 1 examined nine VAT measures that are extolled as fiscal success and concluded by noting several flaws that negate their effectiveness: distortion of the tax structure, increase in tax burden, and not non-achievement...
Business
Taxes on fuel: Tax to go up in budget review Ato Forson
Former deputy Finance Minister Cassiel Ato Forson has urged Ghanaians to buckle up as government readies itself to announce an increment in the tax on fuel and talk tax in the mid-year budget review.He...
Business
How China is slowly expanding its power in Africa, one TV set at a time
In the outskirts of Nairobi, Kenya, Michael Nganga is watching a Chinese Kung Fu movie.His small home in Limuru village doesn't have running water and its walls are made from corrugated metal. Yet outside,...
Business
Mid-year budget review will address the concerns of Ghanaians Deputy Finance Minster
Deputy Minister of Finance Abena Osei Asare has hinted that most concerns of Ghanaians will be addressed in the 2019 mid-year budget review come Monday, 29th July 2019.The Finance Minister is expected to present...
Business
Indian firm offers to transform Tema Shipyard to build ships
An international ship manufacturer, Mazagon Dock Shipbuilders Limited (MDL), has expressed its readiness to assist the government to develop the Tema Shipyard and Drydock into a multipurpose facility that can design ships and accessories...
Business
Detained crew of Chinese fishing vessel granted bail
The Executive Director of the Fisheries Commission, Michael Arthur- Dadzie has said the crew of Chinese fishing vessel who were arrested, over the disappearance of a fishing observer, have been granted bail.Speaking on Eyewitness...
Business
Ghana likely to import cocoa NDC MPs warn
Ghana is likely to import cocoa to feed its local industries if production of the commodity continues to decline or remain at its current level, the Members of Parliament belonging to the opposition National...
Business
Farmers in Asante-Akim South receive 150,000 cocoa seedlings
The Asante-Akim South Municipal Assembly has distributed 150,000 hybrid cocoa seedlings to farmers in its bid to increase yield and improve the livelihoods of cocoa farmers in the Municipality.The exercise, which formed part of...
Business
Informal enterprises urged to scale up operations
Mr Steven Ocloo, a pharmacists and entrepreneur, has called on businesses in the informal sector to intensify efforts to scale-up their operations, maximise profitability and create more employment.He said in order for small scale...
Business
One million-dollar per constituency project will develop deprived communities – Veep
Vice President Dr Mahamudu Bawumia says the one-million-dollar per constituency flagship policy would develop deprived communities in the country to engender inclusive development.Addressing heads of African Mission and Caribbean Diplomatic Community in Havana, Cuba,...
Business
Ghana, Ivory Coast to meet cocoa buyers again in September
Citi Business News has gathered that officials from Ghana and Ivory Coast will meet cocoa processors and Chocolatiers on the international market in September to agree on the price of Cocoa beans.The meeting which...
Business
DVLA to roll out new regulations for Uber, Taxify
The Driver and Vehicle Licensing Authority (DVLA) will soon begin piloting a new regulatory regime for ridesharing commercial activities such as Uber and Taxify.The new regulations will provide distinct DVLA identification for the digital...
Business
Huawei P30 users can now create videos
Users of the Huawei P30 Pro and the Huawei P30 smartphone devices have an opportunity to create videos with the Huawei new systems update that includes a Dual-View Video feature.A statement copied to the...
Business
Stop clients stereotyping, tourism players warned
Dr Eunice Fay Amissah, a Senior Lecturer at the Department of Tourism and Hospitality Management at the University of Cape Coast (UCC) has warned hoteliers and tourism industry players to cease discriminating between clients...
Business
Six insurance companies create pool to insure 1D1F companies
Six insurance companies have announced the creation of an insurance pool to support factories under the One District One Factory initiative.The pool will be used to essentially give investors the needed security and safety...
Business
GUTA welcomes Africa free trade agreement; pledges full support in implementation
The Greater Accra Regional branch of the Ghana Union of Traders Associations (GUTA) has welcomed the actualisation of the Africa Continental Free Trade Area (AfCFTA) Agreement and pledged its support for it.According to the...
Business
Farmers schooled on fall armyworm infestation
The Bolgatanga Municipal Directorate of the Ministry of Food and Agriculture (MOFA) has sensitized peasant farmers at Kalbeo, a community in the Municipality on effective ways to spray their farms to reduce the invasion...
Business
Bawumia leads government trade, investment delegation to Canada
Vice President Dr Mahamudu Bawumia is leading a government delegation on a trade and investment mission in Canada.The mission in Vancouver on Saturday is organised by the Ghana High Commission in collaboration with the...
Business
Ecobank, Partners provide financial support to 16 medical students
Ecobank together with its partners Woodin, Old Mutual and Emirates are supporting 16 medical students under the Ecobank Medical School Exchange program.Ecobank provided cash of $1000 to each of the 16 students whilst the...
Business
Ghana and Ivory Coast lift threat to suspend cocoa supplies
Ivory Coast and Ghana, the world's two largest cocoa producers, have ended a threat to stop selling their production in what was a push for higher prices.In what they called a "historic" move, the...
Business
GNPC Foundation awarded at Ghana Shippers Awards
GNPC Foundation on Friday, 12th July 2019 was awarded at the Ghana Shippers Awards as the best institution in delivering Excellence in Corporate Social Responsibility.The Ghana Shippers Awards provides a platform to recognize individuals...
Business
Standard Chartered Bank organises seminar on ‘Demystifying the London Property Market’
In the quest to continuously deliver excellent services to clients, Standard Chartered Bank organized a financial seminar to highlight and sensitize Priority clients on the offshore property market under the theme, Demystifying the London...
Business
Energy Ministry to safeguard petroleum installations in the country
The Deputy Minister for Energy, Mohammed Amin Adam, in an address on behalf of the Energy Minister, Peter Amewu, has announced that his ministry, in collaboration with National Security, has initiated a process that...
Business
PDS must improve revenue collections to be efficient – IES
The Institute of Energy Security (IES) has charged the Power Distribution Service (PDS) to improve the collection of bills to ensure prompt payment to power producers.The admonition follows threats by Independent Power Producers to...
Business
Most rural banks are well capitalized – ARB Apex Bank MD
The Managing Director of the ARB Apex Bank, Kojo Mattah has maintained that most of the rural and community banks operating in the country are well capitalized and serving their clients, contrary to reports...
Business
Accra West PDS engages key customers
The management of the Accra West Region of Power Distribution Services (PDS) on Thursday engaged high-value customers in its operational area to discuss challenges and to solicit suggestions for better service delivery.Some of the...
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