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Business

Beverage manufacturers want tax stamp suspended

Businesses in the Food and Beverage industry, have renewed appeals for government to suspend the implementation of the excise tax stamp policy. According to them, they have not been properly integrated into the implementation processes hence the need to address their concerns before the implementation of the policy. “Our engagements with government to reconsider its position if it comes to ...

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Businesses divided over success of Tax Amnesty law

Businesses have expressed mixed reactions to the new Tax Amnesty policy being implemented by the Ghana Revenue Authority (GRA). Some have cast doubt over the policy’s ability to reduce tax evasion while others believe the policy could increase tax compliance. The concerns were raised at a session on the relevance of the Tax Amnesty Law on businesses by the UK ...

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Pineapple producing firm Golden Exotics, struggles with land guards [Audio]

Every day is literally a warfare for commercial pineapple plantation firm Golden Exotics, a Ghanaian subsidiary of French fresh fruit producing company, Compagnie Fuitier. At night, three separate groups, comprising real estate companies, land guards and sand winners reportedly invade the 1000 acre pineapple plantation located at Obuom, a low lying valley under a mountain called Sekyerekurom in the Ga ...

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Nana Addo launches 10-year cashew development plan

Nana Addo launches cashew development plan

President Nana Akufo-Addo has launched a 10-year cashew development plan with a promise to give the country’s agric sector a further boost. The President said this plan seeks to improve research methods, introduce appropriate production and processing technologies, as well as develop marketing strategies along the cashew production value chain. The production of cashew in Ghana is currently around 55,000 tonnes per ...

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Court to rule on Goldfields workers’ case on March 2

An Accra High court has set the 2nd of March to deliver its ruling on the fate of some 1,700 workers of Goldfields Ghana who have been laid off by the company. The Judge, Laurenda Owusu said she will rely on the relevant provisions in civil procedure rules, CI 47 and all the processes filed to deliver its ruling on the set ...

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Labour cases stuck at NLC as no Commission is formed

Labour adjudicating cases pending at the National Labour Commission (NLC), are expected to delay a little longer until a complete Commission is formed. Citi Business News understands the issue comes four months after the expiration of the former Commission in October last year (2017). Officials of the NLC however tell Citi Business News they are hopeful of resolving the issue soon. The concerns ...

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Karpower relocates vessel to Takoradi 

Karpowership Ghana Company Limited has confirmed to Citi Business News plans to relocate its floating power plant from Tema to Takoradi. The Company further highlights its intentions to do so by the end of the second quarter of this year. Ahead of the relocation, the company has held various stakeholder meetings to sensitize stakeholders in the areas about the operations of Karpowership ...

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Petroleum Commission halts fast-paced contract approvals

The Petroleum Commission has warned that it will not approve any petroleum contract that does not fulfill the three months’ mandatory notice ahead of its implementation. The caution follows what the Commission describes as the abuse of the law by oil companies. According to the CEO of the Petroleum Commission, Egbert Faibille, the issue also prevents proper scrutiny of contracts. ...

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Kotoka workers protest appointment of new Deputy MD

Kotoka International Airport

The Kotoka International Airport branch of the Public Service Workers Union hoisted red flags at the Airport premises on Monday morning to protest the appointment of a new Deputy Managing Director for the Ghana Airport Company Limited. The new Deputy Managing Director, Yaw Kwakwah, is said to have sued the company in the past for wrongful termination of his appointment, ...

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Diversify to be competitive – MTN Executive to businesses

The acting Corporate Services Executive of MTN-Ghana, Pala Asiedu-Ofori, has urged emerging businesses in Ghana to diversify to enable them remain relevant in the competitive market. According to her, a well-managed diversity in every sector brings about innovation, renewal, alternatives, and gives more opportunities than operating as a single entity. Speaking at this year’s springboard show in Kumasi at the ...

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