Business Archives - Page 370 of 381

01 Jun

Vendors Bemoan Negative Impact Of E-Levy After 1st Month Of Implementation

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After a month of implementation of the Electronic Transfer Levy (E-Levy), mobile money agents and users of the platform in Accra continue to bemoan its impact on their lives. Checks by Citi Business news show that while some are trying to find ways around the payment of the levy others are hoping things take a turn for the better. The implementation of the 1.5% E-Levy which started on Sunday, May 1, 2022, was done in a modified manner by the implementing agency, the Ghana Revenue Authority (GRA) in collaboration with the Telecom companies, and began despite a legal action filed…

31 May

Ghana-Tanzania Relations: Ghanaian Businesses Urged To Expand To East Africa

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The Tanzania High Commissioner to Ghana, His Excellency Dr. Benson Alfred Bana, has extended invitation to Ghanaian businesses to set up in the Eastern African country to give meaning to the African Continental Free Trade Area. According to the High Commissioner, Tanzania is well-positioned for Ghanaians who want to explore tourism and invest in Agriculture. The High Commissioner noted that there were other investment opportunities in the areas of Agriculture and fertilizer processing to sustain food production on the African continent. He addressed the media ahead of the Ghana-Tanzania Tourism Investment Trade Forum. “We are all signatories to AfCFTA protocols.…

31 May

Jobberman Ghana, TATC Expand Their Services To Include Talent Management

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Unemployed youth in Ghana now have a better opportunity of not just finding jobs and growing their businesses, but harnessing their talents through learning and upskilling for their personal development. This is because Ghana’s leading online recruitment platform, Jobberman Ghana, and its mother company, The African Talent Company (TATC), have unveiled the ‘Unlocking the next level of talent management in Africa’ project to bridge the talent gap in Ghana and Africa as a whole. For the past ten years, the online recruitment platform, Jobberman Ghana, has connected professionals to their dream jobs and helped thousands of companies to hire the…

31 May

Telcos Chamber Calls For Protection Of The Sector To Sustain Gains

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As the leading telecommunications network in the country, MTN takes steps to further localize the company by having Ghanaians own at least 30% of its shares in the country by the end of this year, the Telecommunications Chamber says all stakeholders need to play their part to ensure that the gains of the sector are protected. Data from the National Communications Authority as of the end of March 2022, shows that the total number of voice subscriptions was 41,481,767, representing a total penetration rate for the month under review of 135.75%. MTN held 61.61% of the voice market share. Vodafone,…

27 May

6th Ghana CEO Summit To Focus On Digital Leadership For The Digital Economy

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Its is Monday the 30th of May, 2022. All roads lead to Kempinski Hotel Gold Coast City in Accra for the 6th edition of the Ghana CEO Summit, the foremost business conference for CEOs, heads of state, entrepreneurs, business leaders, board members, investors, directors-general, ambassadors, ministers of state, consultants and policy makers who are committed to unlocking Ghana’s economic potential. The summit offers concrete, innovative and actionable solutions, champions private sector growth, leads discussions around game-changing public policies and advocates for best growth-oriented practices to help the country move forward, build resilient companies and develop outstanding CEOs. Left to right:…

27 May

Ghana’s 2022 Economic Outlook To Remain Positive; GDP Projected To Grow By 5.3% – AfDB Report

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With a projected growth rate of 5.3%, the African Development Bank is forecasting a positive economic outlook for the Ghanaian economy this year. According to its 2022 Economic Outlook Report released at the Bank’s ongoing Annual Meeting in Accra, it is however expecting a slight drop in the rate at which the economy grows. The projected growth rate for 2022 of 5.3%, is a target lower than the 5.8% set by the government in the 2022 budget. The growth of the economy in 2022 will however also be higher than Sub Saharan Africa’s Average of 3.7% in 2022. The release…

27 May

We Want Ghanaians To Own 30% Of MTN Ghana Shares By End Of 2022 – GROUP CEO

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Group CEO of leading telecommunications company MTN, Ralph Mupita has revealed the network’s goal of further localizing the company by having Ghanaians own at least 30% of MTN shares in the country by the end of this year. The telecom company concluded its Initial Public Offering (IPO) in August 2018, selling over 1.5 million shares and raising an amount of GH¢ 1.146 billion at the time. Though the IPO couldn’t attract the estimated GH¢ 3.5 billion target, the GH¢ 1.146 billion it raised is considered remarkable as it is the largest volume of offers in the history of the Ghana…

26 May

BoG Urged African DFIs To Enhance Credit Rating Positions To Boost Investment

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The Bank of Ghana is urging Development Finance Institutions across Africa to ramp up efforts to enhance credit rating positions to attract more global investments. Access to global debt capital and loan markets continues to remain a problem hence the call by the Central Bank for these financial institutions to implement policies that will attract investments on more favourable terms. Development Finance Institutions (DFIs) provide risk capital for economic development projects on a non-commercial basis. Ghana is currently in the process of setting up such an outfit called the Development Bank Ghana with funding from internal and global partnership sources.…

26 May

Ghana Life Insurance Ltd Accused Of Employing Delay Tactics In Payment Of Claims

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Some disgruntled customers of Ghana Life Insurance Company Limited are accusing the company of using delay tactics in the payment of their matured insurance policies. According to the customers the delay in the payment of their matured funds comes after investing with the company for about 6 years. Most of the customers Citi Business News engaged were holders of an insurance investment policy known as the Master Plan Policy for 6 years with the company. Ghana Life Insurance Company Limited has been operating as a life insurance firm since 1980 without any issues, offering products such as their educational, funeral…

25 May

Integrate Capital Markets For Faster Economic Recovery, Development – VP Bawumia

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A faster and deeper integration of Capital Markets is crucial if the West Africa sub-region is to recover from the double hits of the Covid 19 pandemic and the ongoing Russia-Ukraine conflict, Vice President Bawumia has stated. Speaking at the second edition of the biennial Conference of the West Africa Markets Conference (WACMaC), organized by the West Africa Securities Regulators Association (WASRA) in Accra on Tuesday, May 24, 2022 Vice President Bawumia said such integration would not only facilitate cross-border trade, but also help raise the needed capital for local development. “A well-integrated West Africa Capital Market can accelerate the…