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Business

Consultant sues Kempinski hotel

A business development consultant, Akumba Benedict Asamoaning has sued GCC Resorts Limited, parent company of Kempinski Hotel Gold Coast City, for the company’s inability to pay him for services he rendered the company as its Director in 2009. A writ filed at the High Court of Justice and cited by Citi Business News said that the plaintiff was appointed as ...

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Court orders account of God is Love Fun club to be unfrozen

Customers of God is Love Fun club have welcomed a court order asking management of the company to pay customers whose investments have been locked up in the company. A Financial and Economic Crimes’ Court has ordered the de-freezing of the account of God is Love fun club and three others to allow the companies pay customers their locked up ...

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Tigo poised to accelerate its business growth in Ghana

After 2 years of investing heavily to improve on customer experience, Mobile Network Operator, Tigo, has unveiled its new brand identity, “Live it, Love it” in Accra. In July 2014, the telecom operator took a bold decision to become the brand of choice for digital users in Ghana. This required a complete overhaul of its business model, to refocus on ...

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More layoffs to hit economy in 2016 – Employers Association

The Ghana Employers’ Association (GEA) has warned there will more layoffs this year following current economic developments in the country. According to the association, the unpredictable and unstable nature of the microeconomic environment, counterfeiting and illicit trade remains a big challenge to employers. Cost of borrowing has gone up to above 35 percent as current inflation is above 17%. President ...

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Tax stamp duty: Businesses to meet government over possible suspension

Some importers have told Citi Business News they are contemplating whether or not to attend a meeting involving government officials over their concerns on the excise tax stamp duty which took effect yesterday. The planned meeting is scheduled for Thursday, March 10, and it will involve officials from the Finance Ministry, the customs division of the Ghana Revenue Authority, importers ...

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Ghana loses $6m in taxes through gold smuggling to India

Available information from Indian government agency, Zauba Technologies & Data Services, showed that between January 2014 and January 2016, a total of 101,179 kilogrammes of gold valued at $3,607,415,756.36 was shipped out of Ghana to India without going through the necessary processes, a situation that ripped off the state an amount of $6,367,088.81 in revenue in terms of royalty. Sources ...

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Business’ strike halts full implementation of excise tax stamp

Manufacturers and Importers will from today, be required to emboss tax stamps on their products before releasing them unto the market. This follows the implementation of the excise tax stamp policy by the Ghana Revenue Authority. While some manufacturers are expected to start complying with the directive from today, Citi Business News understands importers clearing their goods at the ports ...

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Ghana-Kenya business relationship to deepen

President of Kenya, Uhuru Kenyatta has urged for stronger trade collaboration between Ghana and Kenya. According to him, Kenya possesses the requisite opportunities for business growth to enhance investments into both countries. Uhuru Kenyatta also believes harmonizing resources for business growth will reflect in the overall vision of the ECOWAS and the East African community to facilitate free trade among ...

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‘Stay away from our lands’ – Quarry operators to estate developers

The Commercial Quarry Operators Association has served notice to prosecute property owners who cite properties within 500 meters of licensed concession. The quarry operators have urged property owners to relocate or be forcibly ejected to prevent fatal accidents. There have been growing public concerns over citing of quarries close to developing residential communities. “People are encroaching and building on it ...

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Accra Brewery sensitises Graphic, UT staff on safe alcohol intake

In a consistent drive by Accra Brewery Limited (ABL) to encourage its employees to aspire to high levels of conduct in relation to alcohol consumption, the brewery has a mandatory alcohol training dubbed Alcohol Bahaviour & Communication (AB&C) training which every employee undergoes. The training which exposes all employees to ABL’s alcohol policies and key position papers on alcohol related ...

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