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Tag Archives: Business

Banking Crisis: Ken Ofori Atta’s Amalgamated Trust Ltd. Is A Huge ‘419’ SCAM – Adongo Explains

Minority ranking member of Finance, Isaac Adongo has described the Ghana Amalgamated Trust Limited as an outrageous waste of the tax payers’ money by the Minister of Finance, Ken Ofori- Atta

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Banking Sector Reforms: High Fiscal Costs, Lessons And Alternatives – 1

A basic economic principle is the opportunity cost of policy decisions and actions, which is simply what citizens give up for current spending or use of budget resources

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Finance Professionals Need To ‘Tech-Up’ In 3 Years – Study

A study released by the Chartered Institute of Management Accountants (CIMA) indicates that most finance teams and professionals are not evolving their skills fast enough to account for the impact of artificial intelligence, robotic process automation and other technologies.

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Joint Taskforce Arrests Smuggled Petroleum Products

A total of 28 Bulk Road Vehicles (BRVs), six canoes, four mobile pumps and five outboard motors carrying 709,250 litres of illegally smuggled petroleum products with taxes and levies value of GHc1,150,186 have been confiscated

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PURC To Announce New Electricity Tariffs Mid Of February

Citi Business News has gathered that the delay in the announcement of new electricity tariffs by the Public Utilities Regulatory Commission (PURC) on 1st of February, was as a result of the delayed takeover of the Electricity Company of Ghana (ECG) by the Power Distribution Services (PDS) Ghana Limited, as well as ongoing consultations on tariff charges among stakeholders within the power sector.

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NIC To Announce New Capital Levels By First Quarter

 The National Insurance Commission (NIC) says it will before the end of the first quarter of 2019 announce new minimum capital requirements for players in the insurance industry.

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Raise $1bn for railway sector – Minister challenges insurers

Minister of Railways Development, Joe Ghartey, has challenged players in Ghana’s insurance industry to support government to raise $1 billion locally for the development of the railway sector. According to Mr. Ghartey, “Getting the finance to mitigate the risk of financing the construction and operation of the railways sector requires …

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We Ain’t Jubilating Till The Ban Is Officially Lifted – Chairman Small Scale Miners

The Chairman for the Association of Small Scale Miners in the Eastern Region, Mr. Kwadwo Sarfo on Radio1 100.7’s Morning show, Susubiribi stated that until the Government comes to categorically make a final declaration of the lifting of the ban on illegal mining popularly called ‘Galamsey’ which affected their work, …

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COCOBOD Responds To Radio 1FM’s Cocoa Story

The Deputy Manager of Cocoa Health and Extension Division (CHED), a subsidiary of Ghana Cocoa Board (COCOBOD) in Eastern Region, Kwadwo Osei Danso has responded to Radio 1FM’s news story that captures the problems of cocoa farmers in Ankaase in the Atiwa East District in the Eastern Region. According to …

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GWCL To Disconnect Defaulting Customers

The Public Relations Officer (PRO) of the Ghana Water Company Limited (GWCL) in Eastern Region, Mr. Kudjoe Daase on Radio1, 100.7’s Morning show- Susubiribi explained that the reason why GWCL had decided to embark on disconnection of pipelines nationwide is that as the year is almost elapsed and they will …

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