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Toshiba company to clear fake products from Ghana market

Mr. Santosh Varghese, General Manager Digital Products and Services -MEA region (middle) flanked by Mr. Mitsunori Kikuchi (L) and Mr. Hiroaki Tanaka (R) both of Toshiba Memory Corporation

Electronic gadget producer, Toshiba has told Citi Business News it is working with its distributors in Ghana to rid the markets of fake Toshiba products. This they believe will boost their market returns while making them more competitive on the market. “That requires a lot of legal things and we don’t have a presence legally here in this country so ...

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Expresso workers demand salary arrears ahead of license revocation

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The Concerned Workers Group of Expresso are worried they may lose their unpaid salaries and other benefits due them if the National Communications Authority (NCA) revoke the license of the company. According the group, Expresso owes the workers several months of salary, as well as defaulting in paying workers’ SSNIT contribution. “We have mixed feeling in the sense that we ...

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Expresso, Glo to lose licenses due to poor services

Ursula Owusu Ekuful - Communications Minister

Minister for Communications, Mrs. Ursula Owusu-Ekuful has disclosed that telecom companies— Expresso and Glo, may lose their licenses if they fail to meet a 30 day ultimatum given by the ministry to answer questions on their poor operations. According to her, the telcos have consistently operated below standards sets by the National Communications Authority (NCA). Speaking to Umaru Sanda Amadu ...

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Telecom consumers threaten boycott over poor services

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Consumers are demanding that their telecommunication service providers improve on their service delivery to give value for money. Even though the industry has been compelled to provide dynamic solutions, these could have the least impact if they fail to satisfy key needs of clients. Citi Business News has been interacting with some consumers on their assessment of the services they ...

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Mobile money attacks: Vendors appeal for protection

Mobile-Money transaction

The increasing number of armed robbery attacks on mobile money merchants has reached an alarming rate, calling for new security measures to curb the canker. The latest victim is a 31-year old Mobile Money operator who was shot dead by some unknown assailants in the Afigya Kwabre District of the Ashanti Region. Current figure show that mobile money agents increased ...

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Afrimax Group announces sale of BusyInternet Ghana Ltd

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The Afrimax Group has successfully completed the sale of one of its African subsidiaries, BusyInternet Ghana Limited to AI Technologies Limited, a company incorporated in Ghana. A statement copied Citi Business News said the move is part of the Afrimax Group’s strategy aimed at reorganizing its corporate structure with a view to enabling continued improvement in the delivery of its ...

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Samsung introduces 2018 galaxy A8+ in Ghana

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Samsung Electronics Africa has introduced its latest addition to the Galaxy A series: the 2018 Galaxy A8+ unto the Ghanaian market. The Galaxy A8+ feature a Dual Front Camera, a large Infinity Display and stunning ergonomic design that draws on Samsung’s flagship design heritage and experience. “With the release of the Galaxy A8+ (2018), we’re bringing our customers’ favorite features ...

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MTN to plan $500m Nigeria Share Sale in 2018

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MTN Group Ltd. plans to raise about $500 million from the sale of shares in its Nigerian business during the first half of the year, fulfilling the terms of a deal struck with the West African nation to settle a record fine, according to people familiar with the matter. Standard Bank Group Ltd. and Citigroup Inc. have been advising Africa’s ...

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GhIPSS shifts mobile money interoperability to February 2018

Archie Hesse - CEO of GhIPSS

The Ghana Interbank Payment and Settlement Systems (GhIPSS), has rescheduled the implementation of the mobile money interoperability to next month (February, 2018). This comes after missing the initial November 2017 deadline. The CEO of GhIPSS, Mr. Archie Hesse who disclosed this new date to Citi Business News said the necessary processes for all the service providers, that is, banks and ...

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Digital currencies not licensed in Ghana – BoG

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The Bank of Ghana has cautioned the public against transacting business with digital currencies such as Bitcoin, in Ghana. According to the Central Bank, it has not licensed the activities in digital currency under the Payments System Act 2003. “The Bank of Ghana wishes to notify the general public that these activities in digital currency are currently not licensed under ...

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