Customers Vital To Business
The executive director of Energy Bank, Mr Isaac Shedowo, has called on banks to ensure that customer satisfaction remains the prime focus of the banking industry. He said although much was being done...
Category: Business
CSOs Propose Better Management of Oil Revenues
Participants at a policy dialogue on the utilisation of oil revenues on selected priority areas have urged the government to ensure the optimal use of the Annual Budget Funding Amount (ABFA) to...
91 Percent of Ghanaians Don’t Own Property – Survey
A recent survey conducted by Jumia House Ghana and Hacking Adulthood has revealed that 91 percent of Ghanaians are not property owners. This 91 percent of Ghanaians are either renting accommodation...
Rice Import Costs Ghana US$500m Annually
Ghana is said to lose over 500million dollars every year through the importation of foreign rice. This action has posed serious challenges to local rice production, making it uncompetitive in the...
Illegal Miners On AngloGold Ashanti Lands To Be Forced Out Monday
The Minerals Commission has sent a strong word to illegal small scale miners who have taken over AngloGold Ashanti concessions at Obuasi to evacuate or be forced out by Monday, October 10,2016....
West Blue Launches E-Zone
The Customs Division of the Ghana Revenue Authority (GRA) and its IT partner-West Blue Consulting have commissioned two electronic zone facilities at the Kotoka International Airport (KIA), and Tema...
President Mahama Orders Shipping Lines To Stop Terminal Handling Charges
President John Mahama has finally broken his silence on the Terminal handling charges ordering a stop to the charges at Ghana’s ports. According to him, the charges have no legal basis and must be...
Key Business Associations Call For Punitive Action Against Shipping Lines Charging THC
Key business associations in the country have called on government and Ghana Ports and Harbours Authority (GPHA) to institute appropriate sanctions to recalcitrant shipping lines who have flouted the...
Lawyer Urges Legal Action Against THC Defaulters
Maritime Lawyer, Stanley Ahorlu has urged Business Associations who are being levied Terminal Handling Charges (THC) at the ports, to hit the courts to settle the matter. The move he says must be...
Economy To Grow Slowest In 22 Years
Ghana’s economy is projected to grow the slowest in more than two decades on the back of mounting fiscal challenges, tight monetary policy and disruptions in oil production, the IMF has said in its...
GIPC Records 400% Increase In Initial Transfers For Q2 2016
The second quarter of 2016 has been a good time for foreign direct investments (FDI) in Ghana in comparison to the same time last year (Q2 of 2015). There have been percentage increases in all...
SADA To Advocate For Sustained Source of Funding
The Savanna Accelerated Development Authority (SADA) is hopeful government will, next year, introduce a levy on non-petroleum imports to serve as a steady flow of resources and source of financing to...
Debt, Spending Spree Worsening
With two months to the December general elections in Ghana, analysts and development partners have expressed concerns about Ghana’s worsening debt situation as well as government’s spending...
Amend New BoG Act
Barely two months after parliament passed the Bank of Ghana (BoG) Amendment Bill, the International Monetary Fund (IMF) has punched holes into the Act and is demanding fresh amendments to introduce a...
Economy Shrinks By $1.8billion
The size of the Ghanaian economy (including oil) shrunk from US$38.5 billion recorded in 2014 to US$36.7 billion in 2015, a difference of $1.8billion, the Ghana Statistical Service (GSS) has...
Ghacem Reacts To Cement Price War Story
We are compelled to reluctantly offer some education to the unsuspecting readers of the above write-up which was unfortunately published as a front page story on the Daily Graphic of Tuesday October...
Mining Firms Adopt Renewable Energy To Reduce Costs
Citi Business News has gathered that mining companies in the country have resorted to renewable energy as a supplement to power supply due to the increasing cost of thermal power. Mining companies...
$74m Voted To Support Youth In Cocoa Sector
A $74 million project focusing on creating employment opportunities for young people in the cocoa sector has been launched. The five-year project is targeting more than 200,000...
IMF Praises Ghana For ‘reducing Debt’
A few days after approved Ghana’s third review under the its Extended Credit Facility (ECF) program the International IMF has praised Ghana for making substantial progress in pushing fiscal deficit...
Ghana Starts Fuel Exports To West African Countries
Ghana has begun supplying gasoline and gas oil to the landlocked countries of Burkina Faso, Niger and Mali from the Bolgatanga Petroleum Depot. The state-owned Bulk Oil Storage and Transportation...