GET IN TOUCH
 
 
 
 
 

Business

SSNIT moves to clear ‘ghost’ pensioners from payroll

The Social Security and National Insurance Trust (SSNIT), has disclosed to Citi Business News that it will from next month stop paying claims to pensioners who have failed to undertake their biometric registration with the Trust. Per the move, pensioners 72 years and above will be considered as ‘ghosts’ hence will not be able to access their claims. All pensioners are expected ...

Read More »

Pilot property tax rate before implementation—Tax Analyst

A tax analyst has called on government to pilot the implementation and collection of the property rates in 2018. According to William Owusu Demitia, a Senior Associate Consultant at Ali-Nakyea & Associates, this would help government identify key issues that has to be addressed before a nationwide implementation. As part of measures to improve domestic resource mobilization, the Finance Minister during the ...

Read More »

Consumer group cautions against AWA’s monopoly

Consumer rights agency, CUTS International wants authorities to be tough and avert consumer exploitation in the domestic aviation industry. It follows the sole operation of Africa World Airlines (AWA) in the domestic aviation sector. Africa World Airlines became the single company flying domestically after the suspension of operations of Starbow Airlines in December 2017. The development has since been met ...

Read More »

‘Trust your guts’ – Uber Brand Boss to Marketers

The Chief Brand Officer at ride-hailing giant Uber, Bozoma Saint John, has advised marketers in the country to always trust their instincts when advertising their brands or products to consumers. According to her in spite of the importance of ‘book knowledge,’ it was crucial for marketers to be absolutely certain that what they are presenting to potential clients would attract ...

Read More »

OMCs maintain prices for first pricing window in January

Oil Marketing Companies (OMCs) have maintained their prices at the pumps for the first pricing window in January 2018. Checks by Citi Business News at some major oil marketing companies have shown that the prices of fuel were kept unchanged for the period spanning January 1, 2018 to January 15, 2018. A litre each of petrol and diesel is being sold at ...

Read More »

AWA reduces fares within three months

Checks by Citi Business News have shown that the airfares of the only surviving domestic airline, the African World Airlines (AWA) have decreased over a period of three months. A flight from Accra to Kumasi in October 2017 which previously cost between  GH¢540 and GH¢680  is now ranging between GH¢300 and GH¢492, whiles a round trip between Accra and Kumasi which cost ...

Read More »

Industries demand swift release of stimulus packages

The Ghana National Chamber of Commerce and Industry (GNCCI) has demanded swift action in releasing the stimulus packages announced by government to distressed businesses. Government as part of plans to improve the business environment in the country, in 2017, began processes to support businesses in distress through support packages. The Trade and Industry Ministry has announced that it has shortlisted about ...

Read More »

Fuel prices go up by 4% despite NPA’s assurances – COPEC

The Chamber of Petroleum Consumers, Ghana (COPEC), has raised concern with the latest increase in fuel prices despite the National Petroleum Authority’s (NPA) assurances that prices would remain fairly stable for the month of January. In a statement, COPEC said it checks had revealed that there has been a 4 percent increase in fuel prices at some pumps. “Fuel prices ...

Read More »

BoG 2nd Deputy Governor, Johnson Asiama resigns

The Second Deputy Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama has resigned. Citi Business News understands that his resignation took effect on January 02, 2018. Information available to Citi Business News also indicates that President Akufo-Addo has been informed of the resignation. It is unclear what reasons may have led to the early resignation of Dr. Johnson ...

Read More »

GAWU rejects reduction of cocoa prices in Ghana

Ghana cocoa

The General Agricultural Workers’ Union (GAWU) has opposed suggestions that government reviews downwards the producer price for cocoa to offset any drop in revenue from the cash crop. GAWU fears any such move will have dire implications for the cocoa sector and distort economic plans for the year. The Economist Intelligence Unit (EIU) has warned Ghana against a further drop ...

Read More »