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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

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    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

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    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

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    Gov’t to commence talks with IMF for bailout

    Financing agric sector alone not enough to grow it – GIRSAL CEO

    We’re not charging E-levy on merchant accounts – GRA

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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NCA to meet Expresso over challenges

bycitibusinessnews
April 18, 2016
in TECHNOLOGY, Top Stories
Director – General of the NCA, William Mathew Tevie

Director – General of the NCA, William Mathew Tevie

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The National Communications Authority (NCA) has hinted to Citi Business News it will meet the management of Expresso over the company’s performance this week.

The meeting, according to the NCA is to review the operations of the company due to its growing financial and operational challenges.

According to the NCA, Ghana’s sole Code Division Multiple Access (CDMA) operator, Expresso , now holds over 125,000 subscribers as at the end of December 2015, representing a total market share of 0.36%.

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It is believed that the company’s challenges are from its affiliation with Sudatel from Sudan, which has made it difficult for Expresso to raise capital locally and internationally due to sanctions placed by the UN on Sudan.

In 2013/2014, Sudatel initiated moves to sell its shares in Expresso, a development that granted the former National Security Coordinator, Colonel Larry Gbevlo-Lartey (retired) the power of attorney to run the telecommunications company.

Speaking in an interview with Citi Business News, the Director – General of the NCA, William Mathew Tevie said the meeting was to help the regulate understand the challenges of Expresso.

“Expresso is one of the CDMA’s companies that we licensed. And I must admit that CDMA has been struggling a little bit around the world because it has been over taken by 3G”, he said adding that “basically what we can see is that we can see Expresso struggling on the market”.

Mr. Tevie disclosed that, Expresso’s subscription base has reduced sharply, hitting the bottom line.

“They are not able to do new investments and they are not able to move the organization forward”, he said.

Mr. Tevie traced some of the difficulties to the Sudanese investors, whose hands have been tied due to sanctions from the United Nations and the United State.

“We heard rumors about them trying to sell the organization but as a regulator we have not had any formal request from them or any organization requesting for us to meet them”, he said.

–

By: Norvan Acquah – Hayford/citibusinessnews.com/Ghana

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Financing agric sector alone not enough to grow it – GIRSAL CEO

Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

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