Author: citibusinessnews
-
2016 Eurobond to attract significantly high yield
Economist Dr Ebo Turkson has warned Ghana will attract a much higher yield if it goes ahead to issue another Eurobond early 2016. [contextly_sidebar id=”vQMuxlnnxUiavHBBtsGqexl0fB7meMyl”]It’s unclear what figure government intends to go for but Finance Minister Seth Terkper earlier asserted that the issue would be more than $500 million with at least a 15-year maturity.…
-
PURC goes ahead with tariff hikes as meeting with labour stalls
A meeting involving organized labour and the Public Utilities Regulatory Commission (PURC) over the increase in utility tariffs ended in a deadlock yesterday, 14th December, 2015. [contextly_sidebar id=”OziX2LsnKk4Y9u5LQdaTJ9STDcvJrALN”]Organized labour is demanding that the PURC suspends the implementation of the tariff increments to next year. According to the union, the timing of the increase is unfavorable…
-
Domestic Airlines resume flights to all airports but Tamale
Some domestic airlines have begun flight operations to all airports except the Tamale airport following an improvement in visibility, Citi Business News can confirm. Poor visibility compelled domestic airlines to ground flights for almost a week. Although the situation is not completely stable, the Chief Operating Officer of Africa World Airlines, Captain Samuel Thompson tells…
-
Germany demands strict compliance in reducing budget deficit
Germany has cast doubt at government’s ability to maintain a reduced budget deficit in the long term. According to the Deputy Head of German’s Mission to Ghana, even though government has shown commitment in reducing the country’s budget deficit, sustaining the rate in the long term will require strict compliance with rolled out plans. [contextly_sidebar id=”UaziT4TYCOZmPWx9bq86XGHL2XzMRFNR”]Figures…
-
Cabinet approves public private parternership Bill
The Minister of State in charge of Public Private Partnership (PPP), Rashid Pelpuo, has disclosed to Citi Business News cabinet has approved the Public Private Partnership Bill awaiting passage by parliament. According to him, the passage of the Bill will ensure strict compliance in the provision of public goods. The state currently requires GH¢1.5 billion…
-
Rand recovers after Nene firing sparks sell-off
South Africa’s rand showed some signs of recovery on Friday after touching a record low in the previous session, but markets remain on edge after the country’s President Jacob Zuma shock sacking of Finance Minister Nhlanhla Nene this week. Stocks opened slightly higher after also suffering in the last two days in the wake of…
-
Prices of foodstuff decline few days to xmas
Prices of some foodstuff have reduced marginally ahead of the Christmas season. Tomato recorded the highest drop with 14 percent at the close of the second week of December. [contextly_sidebar id=”6kto4fpXvQHli3KlseyZKC4JrGObsLKf”]A medium size tomato tin is being sold for 10 cedis10 pesewas. Maize followed with a 5 percent drop to close the week at 3…
-
BoG promises to rectify cedi challenges
Ghana will make it a priority to address the downward pressure on the cedi, since instilling confidence in the currency will help generate better opportunities for growth. [contextly_sidebar id=”OH1u3b4Sa2i6GoIouqxsWhAo5sKgSlgx”]This according to the Governor of the Bank of Ghana (BoG) Henry Kofi Wampah. Speaking to the Oxford Business Group (OBG) during a wide-ranging interview he gave…
-
Vodafone, others worried over unfair treatment
Some players in the telecom industry are accusing the National Communications Authority (NCA) and policy makers of presiding over an unfair and a default telecommunications industry. Their concerns come days after Scancom Limited (MTN) emerged winner in the auction process for one of the frequency spectrum lot in the 800 MHz Band for mobile services.…
-
Consumer Protection Agency demands strict supervision from FDA
The Consumer Protection Agency has lashed out at the Food and Drugs Authority FDA for failing to effectively protect consumers. [contextly_sidebar id=”89BxNVacHMmfwIqllsMwTSCOKbFxiaZF”]The agency believes consumers are left at the mercy of providers of goods and services, especially during the festive season because the Authority has failed to exert its authority effectively. Large quantities of unwholesome…