Author: citibusinessnews
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NCA punishes Vodafone for failing quality of service test
Regulator of the telecom industry the National Communications Authority (NCA) has sanctioned telecom operator Vodafone for failing an aspect of the authority’s quality of service test conducted in the Eastern region this year. [contextly_sidebar id=”tAYIfr0WPjEm6WAINDgMUdcBU80tmw4n”]The latest development was revealed in a report released by the NCA following the testing of all the telcos in the…
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Gov’t contradicts itself by borrowing domestically-Bokpin
Government’s decision to borrow 1.5 billion cedis from the domestic market contradicts its new debt management strategy as published by the finance ministry. [contextly_sidebar id=”ssoK1WkS6y8rtTholazOZUnW7U4fc0cB”]This is according to the head of the finance department of the University of Ghana Business School Dr. Godfred Bokpin. The Bank of Ghana (BoG) will on October 22 issue the…
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Financial players warn 3 year bond will expose economy to further risks
The Bank of Ghana (BoG) will today 22nd October, 2015 issue a 1.5 billion cedi 3 year fixed rate bond. [contextly_sidebar id=”uXGccrKGlj5NL6QEO6CwGTMXjfmWRtmV”]The auction comes a couple of days after government issued a 1 billion dollar Eurobond at a coupon rate of 10.75 percent. The instrument which is Ghana cedi denominated, will be issued at par.…
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First Rand bank now open to public
First Rand Bank of South Africa has officially began operations in Ghana under the name First National Bank. [contextly_sidebar id=”r5cd56r5W6zuHhcHb8wlcVvmrQa0CNHr”]Persons interested in banking with the bank can now do business with them. This comes after First Rand Bank received final approval from the Bank of Ghana (BoG) to start operations in the country in August…
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adb accused of witch hunting union workers
The Union of Industry, Commerce and Finance Workers (UNICOF) has described as witch hunting and unwarranted moves by management of the Agricultural Development Bank (ADB Bank) to punish workers of the bank who embarked on a sit down strike early this year. [contextly_sidebar id=”sfkngYevCR4xz0xLS3CPTxabjRCbtj2J”]Documents cited by Citi Business News reveal about 100 workers of agricultural…
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ADB to punish about 100 of its workers over sit down strike
Documents cited by Citi Business News reveal about 100 workers of agricultural development bank (adb) may be transferred, suspended and in some cases sacked by the bank for embarking on sit down strike early this year. [contextly_sidebar id=”26KZClmuXYTTCftG3vQ3B8Xd6Ye5HJMs”]The workers under the instruction of the Professional and Managerial Staff Union and the Local Union of the…
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Ghana’s aviation sector lacks policies- aviation consultant
An international aviation consultant says the lack of a long term commercial sustainable policy for Ghana’s aviation sector is stifling the growth of the sector. According to Sukhjinder Mann the high cost of aviation fuel can be blamed for the withdrawal of international and domestic airlines in Ghana. The cost of aviation fuel in Ghana…
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Fidelity bank holds 1st draw of “save for gold” promo
Fidelity Bank in collaboration with the National Lotteries Authority has announced 17 lucky customers as winners of the first monthly draw of the Bank’s ‘Save for Gold’ promotion. [contextly_sidebar id=”pc5o6jYhCNXXOl0lj8fGvowgqZhx00z7″]The draw, which happens to be the first of six (6) in the entire promotion, took place at the Golden Tulip Hotel in Kumasi. In a…
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Dana Air to begin operations in Ghana on November 10
Nigerian airline Dana Air is set to begin operations in Ghana on November 10, 2015. [contextly_sidebar id=”xgLGjOghyV0w7e4ZAf8xMSwl3sFvFLq0″]The airline which is looking to ply the Accra-Lagos route and later Accra – Abuja route as well has hinted to Citi Business News of starting of passenger operations on November 10 after approval by the Ghana Civil Aviation…