Author: citibusinessnews
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Power barge enters Ghanaian territorial waters tomorrow
Citi Business News has gathered that the first emergency 225 Mega Watts capacity power barge from Turkey which was originally scheduled to arrive on Friday morning will now arrive on Saturday morning November 28, 2015. [contextly_sidebar id=”AEmfbpx7sanagCwopkhMiGMFR5TtEURp”]The change in arrival Citi Business News has gathered follows the delay in documentation and routine formalities at the…
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AGI awards Ghacem, Dannex and 17 other companies
Cement manufacturing company, Ghacem, has been named as the best company of the year by the Association of Ghana Industries (AGI). [contextly_sidebar id=”G5pgJu9n9FL1E6K44sHgKJcze2ymtl2I”]The award follows what the AGI describes as the company’s immense contribution to the country’s economy and a commitment to develop local content in its operation. Local pharmaceutical giant Dannex Limited also received…
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Govt to issue 5 year treasury bond
Government will on Monday November 30, 2015 issue a 5 year treasury bond. [contextly_sidebar id=”E4wWb9PHUMlvv7Vuz9T3eEass1TAXSr9″]The move is in furtherance with Bank of Ghana’s issuance calendar for Government of Ghana securities for the half-year period between July and December 2015. The instrument which will be Ghana Cedi-denominated will be issued at par and will be opened…
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Power barge to arrive on Friday, currently in Ivory Coast
Citi Business News has gathered that the first emergency 225 Mega Watts capacity power barge from Turkey is to set sail towards Ghana from Ivory Coast, today, 23rd November, 2015. [contextly_sidebar id=”y1nFgMhXSFc5wSdOhmQHcxzNqO5XOG8i”]The barge is expected to arrive in Ghana by Friday November 27, 2015. This comes after the Black Marlin a speed deck cargo ship…
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DKM Update: Court to hear case after granting bail to two executives
A district court in Sunyani is expected to continue with a case brought before it by some customers of DKM microfinance seeking the court to order the company to pay them their locked up monies. [contextly_sidebar id=”XCFeuUPkvM7gQ5cb0Wm9eiWaUVhjnMEm”]Two executives of DKM, the CEO, Martin Delle and a General Manager, Richard Xavi were on Tuesday granted bail…
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GH¢1.6 billion tax exemption losses outrageous- Nakyea
A tax analyst, Abdallah Ali Nakyea, has described as outrageous, Ghana’s loss of about 1.6 billion cedis to tax exemption for the first nine months of 2015. [contextly_sidebar id=”XFSCkobQwnAoC7J0kPC39b3mMiQyCLXK”]According to him, government should be worried about the development and implement solutions to reduce similar occurrences in 2016. Provisional figures released by the finance ministry showed…
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Nigeria’s $5.2bn fine against MTN is ‘world’s largest’
Nigeria’s fine of $5.2bn to MTN, Africa’s largest telecommunications company, is billions more than any company has been fined anywhere in the world and may well scare off investors, international analysts say. [contextly_sidebar id=”qwtfUV1WYPqERkx5YTjXV8n4bFWNQnrT”]MTN was fined for having 5.2 million active but unregistered SIM cards. “It is totally out of proportion,” said industry expert John…