GET IN TOUCH
 
 
 
 
 

Business

Steel companies threaten shutdown over high electricity tariff

Steel manufacturing companies in the Tema Industrial Enclave have appealed to government to reduce electricity tariffs before they are forced to close down due to high cost of production. According to the companies, the cost of electricity has almost doubled from 21 pesewas per kilowatt to 42 pesewas per kilowatt in just a year. Speaking to journalists during a tour ...

Read More »

Importers resist Customs’ Cargo Tracking Notes policy

Businesses at the ports are opposing customs new policy, the Cargo Tracking Notes (CTN), saying it will add unto their cost of production. The CTN is expected to track all imports to Ghana to reduce revenue losses with under declaration. Even before its implementation in March 2018, the businesses say they will be disadvantaged. The freight forwarders argue that the ...

Read More »

Fair Wages considers halting yearly base pay rises

The Fair Wages and Salaries Commission has disclosed to Citi Business News plans to halt the yearly review of the base salary of public sector workers on the Single Spine Salary Structure (SSSS). The CEO of the Commission, Dr. Edward Kwapong, said the decision should give value for money and link productivity with pay. Being in existence for about eight ...

Read More »

Cedi to stabilise by end of March 2018

Currency analysts have predicted a relative stability of the cedi against the dollar, Euro and British Pound by the end of March this year – 2018. This comes despite the depreciation of the cedi in relation to the three major trading currencies. The perennial depreciation of the cedi has among others, impacted the planning of businesses especially by importers. But ...

Read More »

Newmont Ghana awarded Best and Largest Taxpayer for 2017

The Ghana Revenue Authority (GRA) has named Newmont Ghana the country’s Overall Largest and Best Taxpayer for 2017 under its Large Taxpayer Office at its annual awards ceremony to honour employees and other stakeholders. In 2016, the company emerged second Overall taxpayer. This award recognizes Newmont Ghana for: Consistently meeting its tax obligations Complying with Ghana’s tax laws and the ...

Read More »

Fidelity bank excites customers in ‘10x richer’ promo

For the past six months, Fidelity Bank has rewarded its customers who took part in the 10x Richer Promotion. The promo aimed to reward all loyal customers as part of the bank’s 10th Anniversary Celebration. After five successful draws of the 10x Richer Promo, 25 customers have been rewarded with a total of GHC125,000. All the 25 winners were given ...

Read More »

Fair Wages considers halting yearly base pay rises

The Fair Wages and Salaries Commission has disclosed to Citi Business News plans to halt the yearly review of the base salary of public sector workers on the Single Spine Salary Structure (SSSS). According to the CEO of the Commission, Dr. Edward Kwapong, the decision should give value for money and link productivity with pay. Being in existence for about eight years now, ...

Read More »

Demand for locally made chocolates rise

It appears manufacturers of locally produced chocolates will have to double their production levels at least for this year’s edition of the National Chocolate Day. It follows what could be described as the increased preference for locally manufactured chocolates by some Ghanaians on the occasion of National Chocolate Day. Checks by Citi Business News indicate that Ghanaians are gradually showing ...

Read More »

Atuguba cautions Parliament over Ghana-ExxonMobil oil deal

A Professor of Law at the University of Ghana Law Faculty, Raymond  Atuguba, has warned that Ghana could be shortchanged in the ExxonMobil Petroleum Agreement if Parliament goes ahead to ratify it without recourse to due diligence. He argued that, Parliament has not been thoroughly effective in carrying out its oversight responsibilities, hence the need to critically examine the agreement. ...

Read More »

Gov’t must diversify sources of Eurobond fund—Economist

The impending increase of the U.S Fed rate should encourage the government to diversify the sources of its next Eurobond, Economist, Dr. Lord Mensah has advised. His assertion follows a press release announcing that the Minister of Finance, is leading a government delegation on a non-deal road show in Asia to attract Asian investors. The U.S is expected to increase ...

Read More »