Business

Banks’ lending rates drop marginally

Citi Business News’ checks have revealed that the Annual Percentage Rates and Average Interest Rates recorded in October have dropped marginally as compared to that of September 2017. Between September and October this year, all but one of the nine categories of the Bank of Ghana’s Annual Percentage and Average Interest rate report, witnessed a marginal decline in interest rates. The rates ...

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Most property owners unware of property tax

New tax reforms to be introduced by government next year will see an upward review of the property tax rate as well as the intensification of enforcement of the collection of that tax. The Finance Minister during the 2018 budget reading reiterated that the constitution enjoins MMDAs to mobilize revenue through sources like the property tax, collection of which is ...

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Yara Ghana Supports 33rd  National Farmers Day Celebrations

Yara Ghana limited has donated an amount of GHS 25,000.00 (Twenty Five Thousand Ghana Cedis) and one hundred bags of its premium YaraMila Actyva fertilizer to the Ministry of Food and Agriculture as part of the awards to farmers during the 33rd National Farmers Day Celebrations. The donation is part of the company’s numerous interventions to support farmers and the ...

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Nation Builders Corps initiative waste of money – IMANI Ghana

franklin cudjoe

Policy think tank, IMANI Ghana, is of the view that government’s decision to set up what it calls a Nation Builders Corps (NBC), which seeks to employ over 100,000 graduates with a budgetary allocation of Ghc600 million, is just a duplication of the mandate of the National Service Scheme. According to the think tank, although the mode of financing the ...

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Support local energy companies to drive growth – Kufuor

Former President John Agyekum Kufuor has called on government to give tax incentives to private sector companies, particularly those in Ghana’s energy sector, to drive growth. “If we want to do energy very well, competitively and affordably, then private sector should be in there, and should be given tax incentives on a long-term basis as well as all the support ...

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Ghana must take advantage of Africa’s energy deficit – Kufuor

Former President John Agyekum Kufuor is optimistic that Ghana can grow its energy sector to become an exporter of power on the African continent. According to him, the huge deficit in power supply on the continent, presents an opportunity for Ghana to earn foreign exchange through direct supply to countries such as Nigeria that have a great need for power. ...

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NPP ‘stopping’ Ghana from exporting electricity – Mutawakilu

A member of the National Democratic Congress (NDC) Minority in Parliament, Adams Mutawakilu, has accused the Akufo-Addo government of impeding former President John Mahama’s vision of making Ghana a net exporter of electricity. This follows government’s decision to terminate 11 Power Purchase Agreements (PPA), with the justification that it would save the country some $7.2 billion dollars over a 13 year ...

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Total Ghana wins two AGI awards for quality

Total Ghana has been awarded The Quality Award in the highest category and the overall Best Quality Company at the AGI Ghana Industry & Quality Awards. The plaques were presented to the company at the ceremony at the Banquet Hall in Accra at the awards organized in collaboration with the Ghana Standards Authority on Saturday, 11th November, 2017. Mr Eric Fanchini, Managing ...

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Delays in clearing goods persist despite paperless system

Freight forwarders operating at the Tema Port are lamenting over what they call a return of the manual clearing system at the ports. The concerns by the businesses come barely three months into the start of the paperless clearing system. Citi Business News’ Tema correspondent, Elvis Washington, reports that many of the clearing agents and freight forwarders are still seen ...

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National Development Bank launch needless- Financial observer

Some financial observers have advised government to reconsider the decision to launch a National Development bank next year. According to them, the move will be a duplication since government already controls majority shares in some banks that have a focus on the intended reason for setting up the national development bank. The Finance Minister Ken Ofori Atta during the 2018 ...

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