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Top 20 business stories in 2017

Dr. Bawumia (L) and Ken Ofori-Atta (R)

Your most comprehensive business news website, brings you some of the top business stories in the year 2017. These news’, which cuts across different sectors of the economy also featured on our news bulletins on Citi FM. GCB takes over UT and Capital banks The Bank of Ghana in 2017 revoked the licenses of two indigenous banks, UT Bank ...

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Business of Xmas: Demand for event centres rise

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In the midst of increased activities during the festive season is the rise in demand for event centres. The venues do not only come at high costs to event organizers but really a period to offer guests unforgettable moments. In the third of our series, ‘ the Business of Christmas’ which looks at businesses and events that receive heavy patronage ...

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Starbow plane crashes into fence wall at Kotoka Airport


A Starbow flight reportedly crashed into a fence wall  at the Kotoka International Airport on Saturday afternoon, in an attempt to take off. Some sources at the Airport have indicated that, the flight, which was set to take off to Kumasi, skidded off the runway in the direction of the nearby Air-force base, after its engines suddenly shut down. No ...

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Ethiopian Airlines welcomes Boeing aircraft to Ghana

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Ethiopian Airlines on Friday, November 10, 2017, welcomed its newest plane, Boeing 787-9 to Accra. The aircraft has been tagged the ‘Big Brother’ to Accra by the airline company. According to Ethiopian Airline, the coming on board of the B787-9 is part of its commitment to deliver an exceptional level of service to the African market by operating the latest ...

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Kwame Sowu heads Ghana Museums & Monuments board

cape coast castle

The President Nana Akufo Addo has appointed Mr. Kwame Sowu Jnr as the chairman of the governing body of the Ghana Museums and Monuments board. A letter cited by Citi Business News signed by the Chief of staff Madam Akosua Frema Osei-Opare said the President in consultation with the council of state had appointed Mr. Sowu Jnr to chair the ...

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Consumers to ditch brands over low value for tech


A recent consumer survey has shown that brands may lose the trust of Ghanaian consumers if they fail to give value to their customers even as they adopt technology in the delivery of services. The latest Connected Life research by Kantar TNS also shows that even though consumers agree to the impact of technology, they are concerned about the level ...

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3 regions of the North least patronized by tourists – Report

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Domestic tourism was lowest in the three regions of the North of Ghana in 2015, a report by the Ghana Statistical Service has shown. Together, the Northern, Upper West and East regions controlled only 12.1 percent of domestic tourism as at 2015. As a result, industry watchers have appealed for intensified efforts to attract more tourists and open up the ...

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Transport tops expenditure for Ghanaian tourists

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Ghanaian tourists spent the highest amount on transportation in 2015, the latest survey by the Ghana Statistical Service has shown. The survey indicated that the tourists (both domestic and foreign), spent 444 million cedis on transportation. In all, the survey indicated that the tourists spent a total of GH¢ 698.4 million on domestic tourism than foreign tourism in 2015. This ...

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Asamoah Gyan gets license to start airline business

Asamoah Gyan

Black Stars Captain, Asamoah Gyan has been given a license to operate an airline company. The company, Citi Business News understands will be named Baby Jet Airlines. It is unclear whether the airline will be operating as a domestic airline; within only Ghana or it will be operating as a regional or international company. The President, Nana Akufo Addo disclosed ...

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Hotels face closure over climate change


A number of hotels and tourist attractions along the coast of Ghana may be forced to shut down in the coming months as the land on which they have built are being washed away by the sea. The development Citi Business News has gathered is due to climate change. The hospitality industry joins a growing list of sectors which have ...

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