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Parliament assures critical probe of ExxonMobil deal

Parliament House of Ghana

The Mines and Energy Committee of Parliament has indicated that it will ensure Ghana gets the best out of the deal signed with ExxonMobil. The agreement is expected to be presented to Parliament for ratification when the House resumes. Citi Business News understands that certain key aspects will dominate the deliberation on the agreement. The submission of the agreement to ...

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Consumer agency lauds Minister’s action on British Airways


The Consumer Protection Agency (CPA) has commended the Aviation Ministry for its stance against substandard services by British Airways. The Minister of Aviation, Cecelia Dapaah on Thursday (18th December, 2018) issued a strong warning to British Airways over substandard services. She added that government will take drastic action against the airline if it continues to provide substandard treatment to passengers ...

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Airtel Tigo workers up in arms over redundancy packages

airtel and tigo

Some workers of Airtel Tigo have expressed their displeasure over what they say is the unfair treatment in the redundancy package being offered to them by the new management of the merged entity. Information available to Citi Business News indicates that the issue has led to tension between the workers and the management. The agitated workers, most of whom are ...

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Starwin Products Limited holds AGM


The Chief Executive Officer of Starwin Products Limited, Yaw Opare Asamoah has told Citi Business News the company is consolidating its operations to make it one of the leading pharmaceutical companies in the country. According to him, the company has addressed most of the challenges it faced in 2015. Speaking to Citi Business News after an Annual General Meeting(AGM) in ...

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President charges Exxon Mobil to respect agreed terms

Exxon 5

President Akufo Addo has charged management of Exxon Mobil to respect the terms of agreement signed with the government of Ghana. This follows the signing of an agreement for the oil company to commence operations in Ghana. The agreement which is subject to parliamentary ratification will allow the oil giant to acquire exploration and production rights for the Deepwater Cape ...

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BoG’s MPC meets over economy today


The Monetary Policy Committee (MPC) of the Bank of Ghana will today [January 19, 2018] commence its annual meetings to review the Ghanaian economy. This will be the first for this year and it will conclude with the announcement of a policy rate on Monday, January 22, 2018. For last year [2017] alone, the central bank reduced the policy rate ...

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Freight forwarders bemoan ‘ineffective’ paperless system

Kwabena Ofosu Appiah - President, Ghana Institute of Freight Forwarders

Freight Forwarders have lamented over the poor implementation of the paperless system at the port. The freight forwarders say the system has not improved transactions at the ports especially as paperwork continues to dominate their transactions. The paperless system which has been in operation since September last year (2017), is among others expected to reduce face to face transactions,  paper ...

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BoG to enforce International Financial Reporting Standards this year

Governor of BoG, Dr. Ernest Addison

The Bank of Ghana (BoG) has stressed that it will enforce the implementation of the International Financial Reporting Standards (IFRS 9) among banks in the country, this year. The IFRS is a tool which requires all financial institutions to comply with a common financial reporting standard which will among others reduce their exposures to Non-Performing Loans (NPLs). The move also ...

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Gov’t warns British Airways over bedbug infested plane

BA Cabin Crew To Strike As Talks Collapse

The Minister for Aviation, Madam Cecilia Abena Dapaah has issued a strong warning to British Airways, that government will take drastic action against the airline if it continues to provide substandard treatment to passengers flying its routes to Ghana. The warning, follows an incident that occurred on a bedbug infested British Airways plane, bound for the Kotoka International Airport (KIA) ...

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Trade Fair agrees to plan to pay electricity bills                                                 

Dr. Agnes Adu - CEO, Trade Fair Centre

The Ghana Trade Fair Centre has disclosed to Citi Business News it has commenced payments of outstanding debts it owes the Electricity Company of Ghana (ECG). According to the Centre’s CEO, Dr. Agnes Adu, the outfit has already paid ten percent of the debt after negotiating an agreement with the ECG. “With the power situation, the ECG towards the end ...

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Ghana Business News