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SADA to construct 40-megawatts solar plant at Tamale

Charles Abugri Akelyira, Acting Chief Executive Officer of SADA

The Savannah Accelerated Development Authority (SADA) has sealed a 120-million dollar deal with Solargiga, a Chinese Company, to invest in a 40 megawatts solar PV plant in Tamale. Under the deal, Solargiga and SADA will own 90 per cent and 10 per cent equity interest respectively in the joint venture. Mr Charles Abugre Akelyira, Acting Chief Executive Officer of SADA, ...

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Moody’s cuts Ghana’s sovereign rating

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Moody’s Investors Service has downgraded Ghana’s sovereign rating to B2 from B1, citing the country’s rising debt burden and deteriorating debt affordability. The key drivers of today’s rating action are the following: 1) Ghana’s deteriorating fiscal strength, as reflected in the rising debt level and worsening debt affordability amid persistently high fiscal deficits. 2) The increase in Ghana’s vulnerability to shocks ...

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Fuel Shortage: Situational Report

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On day three of the petrol shortage which has hit Accra and many parts of the country Citi FM brings you a situational report from Airport Shell fuel station in Accra. The fuel shortage  has resulted in a mad rush for petrol in the few stations with some of the product in Accra. Citi News’ Nana Boakye Yiadom and Kojo ...

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Martyn Mensah inspires new generation of managers

Mr. Martyn Mensah, CEO UT Holdings

He is ranked 3rd on the current PWC list of “Ghana’s Most Respected CEO’s. This is a summation of a man who inspires thousands of young Ghanaians who are in the workforce ‘jungle’ hoping to climb to the top. Mr. Mensah climaxed Citi FM’s month-long Management Development Month series which grabbed the attention of any serious entrepreneur, leaders, students, managers, ...

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There is a limit to how much tax we can pay – TUC

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The Trades Union Congress (TUC) is warning government that there is a limit to how much workers can bare with the increasing taxes in the country. Government has come under severe criticism over the implementation of new tax regimes with the latest being the yet to be implemented 17.5% Value Added Tax (VAT) on some financial service. Already, the Ministry ...

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Gov’t must account for TOR debt recover levy – PEF

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The Private Enterprise Federation (PEF) is asking government to publsh the specific amount generated since the implementation of the Tema Oil Refinery (TOR) debt recovery levy in 2003. According to the PEF, more than GHC 1.1 billion has been generated since the introduction of the levy and should be able to prevent recurrent fuel shortages. The Chief Executive Officer of the PEF, Nana ...

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Bamson cuts price of Crown Paint to support housing sector

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Bamson Company Limited, local representatives of Crown Paints, United Kingdom (UK), has announced a cut in the price of its newly introduced Crown Pure Brilliant White Matt Emulsion Paint in a move to help ease the increasing pressure on Ghana’s housing sector. Under the ‘Crown Special Promotion’, home-owners, housing companies, painters and all customers, who purchase the company’s new 10-litre ...

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Stop restricting BDCs – PEF to Gov’t

Nana Osei Bonsu -The Chief Executive Officer of the Private Enterprises Federation (PEF)

The Chief Executive Officer of the Private Enterprises Federation (PEF), Nana Osei Bonsu says government has no business in interfering in the market activity of the Bulk Oil Distribution Companies (BDCs). He accused government of making it difficult for private sector businesses such as the BDCs to operate. Nana Bonsu explained that “BDCs are private sector players who import a product, ...

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Citi MDM ends with breakfast for managers under 40

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The Citi FM Management Development Month (#MDM2014) ends today Friday June 27, with a breakfast meeting for managers under age 40. Speaking on the theme will be Chief Executive Officer of UT Bank, Martyn Mensah. This will be the last of the series which was made up of of both on-air and off-air events. Listeners have had the opportunity to listen to experienced ...

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Fuel shortage re-ignites subsidy debate

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The shortage of fuel in major towns across the country has re-ignited the debate over fuel subsidies. Though  President John Mahama’s instruction to the Finance Ministry to release $60 million to defray the GHC 1.8 billion owed the Bulk Oil Distribution Companies (BDCs). For The Integrated Social Development Centre (ISODEC), the removal of subsidies will lead to higher fuel prices ...

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