Author: citibusinessnews

in Business, Top Stories, Transport

The Ghana Civil Aviation Authority (GCCA) will soon submit to cabinet a new proposal expected to protect customers and patrons of the aviation industry in Ghana. [contextly_sidebar id=”d2rwQ2UOdI36le9BOAuWLYbgLrUN9reX”]According to the GCAA an economic regulation is to be introduced aimed at protecting the right of consumers. Currently Ghana’s aviation sector lacks the consumer protection charter which…

Barclays Bank names new CEO

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in Banking And Finance, Business, News

Barclays has confirmed that former JP Morgan banker James “Jes” Staley will be its new chief executive. [contextly_sidebar id=”nCdDG0ohgAUASdpOjrHnYRlm2zw5ymJ3″]Mr Staley currently works for US hedge fund Blue Mountain Capital Management and will take over on 1 December. Barclays’ previous chief executive, Antony Jenkins, was fired in July after falling out with board members. The appointment of Mr…

Brussels Airline justifies return to Ghana

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in Business, News, Transport

Brussels Airline has justified its return into the Ghanaian market. [contextly_sidebar id=”zAzFpdpzGnJVe3EVaqV3Gh5Y06R7yCZg”]The airline pulled out of Ghana some two years ago and announced its return in September 2015. Its return follows the restructuring of Lufthansa’s Africa operations as a result of its acquisition of Brussels airlines among others. In June 2009, the European Commission granted…

Mixed views among business operators over calls for business minister

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in Business, Local Economy, Top Stories

There is growing tension among business operators in the country over calls for an appointment of a business minister. [contextly_sidebar id=”QsIWWXUwMtOFyHPV7tIlyrJgDd2IOkCh”]The chaos stared after lawyer and a council member of the Association of Ghana Industries (AGI) David Ofosu – Dorte advocated for the appointment of a minister of business. A number of business associations Citi…

Committee to investigate Starbow crash to be inaugurated

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in Business, Top Stories, Transport

Weeks after a Starbow airline run into a barricade at the Tamale Airport Citi Business News can confirm that the Ministry of Transport is to inaugurate a 6 member committee to investigate the course of the accident. [contextly_sidebar id=”h7wndEsB2vDvj8tMNzDYNyUiqM8dinHe”]The five member committee to be drawn from various sectors in the Transport industry has 30 days…

First emergency power barge from Turkey sets sail

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in Business, Oil And Gas, Top Stories

Citi Business News checks have revealed the first emergency power barge from Turkey has set sail towards Ghana. [contextly_sidebar id=”VMSXR5teTq3FRmRWnXuyjCGQpegTVOH1″]The power barge constructed by Turkish Power Company, Karpower set sail after a ceremony earlier today. It is expected to add some 225 megawatts of power to the national electricity grid when it arrives on November…

UMB ranked bank with the worst customer care in new survey

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in Banking And Finance, Business, Top Stories

Universal Merchant Bank (UMB) has been adjudged the bank with the worst customer care in Ghana. [contextly_sidebar id=”8344MNUoPGZFg6dQFj7Xfbw1CXoTTTbn”]This is according to a survey conducted by the Customer Service Academy. The survey which was conducted on all 27 banks and 22 Savings and Loans Companies placed UBA and Prudential as the second and third banks respectively…

Business operators push for appointment of Business Minister

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in Business, Local Economy, Top Stories

Lawyer and a council member of the Association of Ghana Industries (AGI) David Ofosu – Dorte is advocating for the appointment of a Minister of Business. [contextly_sidebar id=”iwdTKDaGH7dNDxgDW33Pzw38XrpO44K4″]According to David Ofosu – Dorte it will be the responsibility of the Minister of Business to ensure that bottle necks faced by businesses are adequately resolved. He…

ECG sheds 400MW of power Monday

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