Ghana’s international reputation will suffer a dip if it fails to stop the illegal sale of petroleum products in the immediate term. According to some industry watchers, the country could serve as an attractive destination for pirates as they would capitalize on the lax regime to perpetuate their illegal acts. The caution comes days after … Read more
As the Nana Akufo-Addo’s government reaches its 100 days in office, the Ghanaian business community appears to be highly expectant of the government’s ability to fix challenges facing their operations. Some business owners expressed optimism in the administration after the government’s maiden budget announced the abolishment of nuisance taxes and in some areas tax cuts. … Read more
Hebron Financial Investment Limited has halted its online forex trading following the Bank of Ghana’s decision to stop the operations of the company. The central bank, on Tuesday [March 7, 2017] announced it had halted the operations of Hebron financial investment for flouting the country’s foreign exchange Act A statement on the matter and copied … Read more
The country Manager for RwandAir in Ghana, Shukrani Edy Hemedy has assured participants of Citi Fm’s Hello Kigali tour to brace themselves to among other things experience the major technological developments achieved in Rwanda. According to him, technology is one key area that has helped in instigating the success story of Rwanda. “We have indeed … Read more
The incoming government led by President elect Nana Akuffo Addo is likely to renegotiate Ghana’s deal with the International Monetary Fund (IMF) in a bid to stabilize the economy. This is the assertion from some economists. According to them, renegotiating aspects of the IMF deal will save the country from further increase in its debts. … Read more
Business Associations have stated that the business industry will not pressurize the incoming government into fulfilling promises made to them at least for the first six months in office. According to them, the new government must be allowed to work over a period of time to fulfill its promises made to industry. “I think we … Read more
The incoming government led by President elect Nana Akuffo Addo is likely to renegotiate Ghana’s deal with the International Monetary Fund (IMF) in a bid to stabilize the economy. This is the assertion from some economists. According to them, renegotiating aspects of the IMF deal will save the country from further increase in its debts. … Read more
Some bankers have warned any move by Government to cap interest rates in Ghana will end in a disaster. Banking consultant and Principal Consultant at Osei Tutu II Centre for Executive Education & Research Nana Otuo Acheampong told host of Business Today, Vivian Kai Lokko that ‘It will be a disaster if we decide to … Read more
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 made if the Ghana Shippers’ Authority refuses to take legal action on the matter. According to him, some shipping lines have disregarded … Read more
Despite a directive given by President John Mahama to shipping lines to halt the Terminal Handling Charges (THC), Citi Business News has gathered that the fee is still being charged at the Tema port. Speaking at a ceremony to mark one year of the implementation of the Single Window Project last Friday, President Mahama warned … Read more