Wednesday , 21 August 2019
Breaking News
Home » Business (page 65)

Business

Mid-year budget review: NDC fights government’s plan to introduce new taxes

The opposition National Democratic Congress (NDC) is resisting plans by government to introduce new taxes in the mid-year budget review, which is scheduled to be read in Parliament on Thursday, July 19. The NDC thinks the imposition of new taxes will worsen the tax burden on Ghanaians and also defeat the promises the New Patriotic Party (NPP) made on assuming …

Read More »

Ghana is the best destination of choice for bunkering activities – Boakye Agyarko

The Minister for Energy, Hon. Boakye Kyeremateng Agyarko has said that Ghana is still a destination of choice for bunkering activities and is widely considered around the world to be one of the best countries in which to conduct bunkering activities in West Africa. The Honourable Energy Minister said this when he officially opened the conference for the Maritime Week …

Read More »

Finance Minister presents mid-year budget next week

The Ministry of Information has told Citi Business News the Finance Minister, Ken Ofori Atta will be presenting the mid-year budget review to parliament next week. The Information Ministry is however yet to announce the day. The Finance Ministry has already told Citi Business News government will be introducing new tax measures to boost domestic revenue mobilization. But speaking to …

Read More »

Agyarko lays ECG concession contract before parliament

The Minister for Energy Boakye Agyarko has laid before parliament the concession agreement between the government of Ghana and Meralco Consortium for the privatization of the Electricity Company of Ghana (ECG). An approval by parliament will mean that ECG will be managed by the Philipino power company for the next 20 years starting 2019. This would also pave the way …

Read More »

Infinix unveils ‘Beyond Intelligent’ device Note 5 powered by Android One

Following the global debut in Dubai, Infinix Note 5 was on Saturday 7th July 2018 unveiled at the Plush Movenpick Hotel in Accra. Note 5, the brand’s “Beyond Intelligent” smartphone, was outdoored as part of the Android One program, designed to deliver a software experience by Google. Encased in the beautifully designed hardware of the Note 5, Android One brings …

Read More »

Komenda Sugar Factory sugarcane being sold to ‘akpeteshie’ distillers

In a rather disappointing twist of events, the Komenda Sugar Factory is now selling sugarcane at its 125-acre seedling plantation to distillers of the local alcoholic beverage popularly known as ‘akpeteshie’. The $35 million India EXIM Bank loan factory remains dormant, due to lack of funds. After an initial test-run when it was commissioned in 2016, it cannot continue to …

Read More »

Cedi’s free fall: GCB Bank expands FX business

GCB Bank has disclosed of a major expansion drive to increase the trading in foreign exchange to help businesses get access to major international trading currencies. GCB Bank tells Citi Business News that it is increasing the scope of FX trading to minimize the impact of the shortage of foreign currency in the system. The move could be described as …

Read More »

BoG sets ground rules for mergers & acquisitions

Banks seeking to acquire other banks or merging to become a bigger entity may start heaving a sigh of relief as the Bank of Ghana discloses guidelines to facilitate any such process. The move also forms part of the means by the commercial banks to meet the new minimum capital requirement by the Bank of Ghana, by December 2018. The …

Read More »

Nestlé’s MAGGI® holds exclusive premiere of ‘yelo pèppè’ series in Ghana

Nestlé’s MAGGI® has launched MAGGI Yelo Pèppè, a unique online nutrition education series to celebrate contemporary African cuisine and promote healthy lifestyle with an Exclusive Premiere in Accra. The thirteen-week programme highlights the numerous challenges that modern African women face when finding balance between providing nutritious and healthy food for their family and the demands of a modern life. MAGGI® …

Read More »

Be focused: Bring sanity to BOST – Otumfuo advises new MD

The Asantehene, Otumfuo Osei Tutu II, has charged the new Managing Director (MD) of the Bulk Oil Storage and Transportation Company Limited (BOST), Mr George Mensah Okley, to be focused and use his new office to bring sanity into the company. Otumfuo asked the MD to be guided by recent events in the company that led to the dismissal of …

Read More »