Author: citibusinessnews
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Mineworkers renew calls against unfair wages
The Ghana Mineworkers’ Union (GMWU) has renewed its call for an end to unfair wages being paid by the multinational mining companies operating in the country. According to a 2013 HAYS research report put together by HAYS Resources and Mining Global Salary Guide, which ranked 37 mining countries on locals/nationals and expatriates average annual salaries,…
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HFC Bank MD interacts with customers in Accra Central
The Managing Director of HFC Bank, Robert Le Hunte paid a visit to some customers of the bank located at Central Business District in Accra. He was accompanied by the Accra branch manager, Michael Nartey. The visit forms part of the banks efforts at deepening its relationship with customers and also in keeping with its…
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(Audio) Borehole business booming as acute water shortage hits Ghana
Many parts of Ghana have been hit with acute water shortage. The development, has compelled both domestic and commercial users of water to resort to various sources of accessing water. While some have adapted to the use of sachet water, others have had to rely on water delivery services which are equally costly to cope with.…
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GUTA bares teeth at GIPC over foreigners in retail trade
The Ghana Union of Traders Association (GUTA) is accusing the Ghana Investment Promotion Centre (GIPC) of failing to rid Ghana’s retail market off foreigners. GUTA had raised numerous concerns at the influx of foreign businesses particularly Nigerian owned ones on the retail market. The traders say the development has impacted heavily on their operations.…
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No new notes are being issued-BoG
The Bank of Ghana (BoG) has dismissed reports that it has begun issuing new denominations. It follows reports that the BoG has begun issuing denominations of 100 and 200 cedis. But the central bank, reacting to the reports said it has no plans of doing so and the reports are false. “The Bank of Ghana…
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Ecobank Ghana MD steps down
Ecobank Ghana’s Managing Director Mr. Samuel Ashitey Adjei has stepped down. The move follows his appointment as the MD for the bank’s recently combined region, Central, Eastern, and Southern African (CESA) Countries, consisting of 18 subsidiaries. Mr. Adjei’s exist from Ecobank Ghana will be on the 30th March, 2016. Its unclear who will take up…
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Saudis and Russia agree oil output freeze, Iran still an obstacle
Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in – a major sticking point with Iran absent from the talks and determined to raise production. The Saudi, Russian, Qatari and Venezuelan oil ministers announced the proposal after a previously…
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MoneyGram,Walmart announce new 3 year agreement
MoneyGram has announced the extension of their more than 17-year relationship with Walmart. This new three-year agreement, which begins on Feb. 1 2016, continues MoneyGram’s domestic and international money transfer service as well as its bill pay and money order products at Walmart’s more than 4,000 locations in the U.S. and Puerto Rico. Walmart customers can…
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ICH saga: NCA challenges IMANI over leaked report
A member of the Application Evaluation Panel (AEP) of the National Communications Authority (NCA),Derek Appiah, is challenging President of IMANI, Franklin Cudjoe, to put out the name of the member of the panel who leaked a report on the Evaluation and Selection process for Interconnect Clearing House (ICH) . According to him, members of the…