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GREDA launches 30th anniversary celebration

Executive Secretary of GREDA - Sammy Amegayibor

The Ghana Real Estate Developers Association has launched its 30th anniversary in Accra to take stock of its contribution the development of housing in the country. It will be on the theme: ‘30 Years of Housing the People: Celebrating the Successes & and Forging Closer Relationships to Chart a New Path for Sustainable Housing Delivery.” In a press statement copied ...

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Mining companies refusing to pay dividend to gov’t–report

file photo

A report by the Ghana Extractive Industries Transparency Initiative, GHEITI on the mining sector shows that mining companies in the country refused to pay dividend to government in 2016. According to the Minerals and Mining Laws, every mining lease holder in the country is expected to pay 10 percent of its profit to government which must be collected by the ...

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Industrializing Ghana: Nana Addo defends 1d,1f; bauxite deal

FT summit

President Akufo Addo has mounted a strong defense of his government’s industrialization agenda in a bid to grow Ghana’s economy. The President says the flagship one district, one factory program should create employment and improve livelihoods. President Akufo Addo made the remarks at the Financial Times Africa Summit where he also justified the recent economic relationship with China to develop ...

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GRA’s revenue faces massive dip over fake TIN – Analyst

Tax

A Tax analyst, William Demitia is predicting of a huge distortion to revenue for the rest of the year if the Ghana Revenue Authority fails to address allegations of fake issuance of Tax Identification Numbers (TIN). Reports suggest that some tax officials are complicit in the act and it is affecting taxpayers. Citi Business News caught up with Mr. Demetia ...

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PMMC reserves 30% of refined gold to local jewelers

gold

The Precious Minerals Marketing Company (PMMC) is reviewing its strategy to make available, gold and diamond needed by jewelers in the country. This also forms part of efforts to sustain the jewelry industry. The move follows complaints by players in the industry over their difficulty in accessing raw materials needed for their operations. In an interview with Citi Business News, ...

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Savings & Loans companies back BoG’s reforms

Savings & Loans

The Association of Savings and Loans Companies has backed an intended action by the Bank of Ghana to reform the industry. The Association is confident the move will restore confidence and stabilize the financial sector. “Whatever happens, there are certain effects such that it is going to make sure that financial institutions are better positioned to serve their customers which ...

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Employers Association bemoans increasing cost of doing business

alex-frimpongg

The National Employers Association of Ghana is asking government to immediately address what it says is the numerous economic challenges affecting businesses in the country. According to the association, the current environment within which they have to operate is tough, rendering their businesses unprofitable. The employers complain that although government is embarking on some reforms to ease the business environment, ...

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Lack of personnel hampering our work–Minerals Commission

Kwaku Addae Antwi-Boasiako

The Minerals Commission is seeking clearance from the Finance Ministry to employ new workers to expand its operations. According to the Commission, about 50 percent of its skilled workers heading various divisions and departments are due for retirement— failure to get replacement will have negative impact on its operations. The Chief Executive of the Commission, Kwaku Addae Antwi-Boasiako made this ...

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Singapore’s architect to remodel Accra’s landscape

Airport-Residential-Area-Accra-1

The city of Accra is to undergo a massive change which will reduce congestion and improve the landscape of the nation’s capital. This is because the government is undertaking a process to remodel the capital to improve the quality of life and general economic growth. The government maintains that it has become apparent to review the structure of Accra considering ...

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Neglect of coffee sector: State to lose $1.5bn annually

cap coffee

Ghana stands to lose about 1.5 billion dollars every year if it continues to fail to invest in the expansion of the coffee industry. This is according to the Coffee Federation of Ghana. Statistics on the sector also show that its contribution to GDP has dwindled over the years. Some farmers who have been speaking to Citi Business News are ...

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