Author: citibusinessnews
-
We have released all DKM funds -BoG
The Bank of Ghana has denied reports that it has not released in full funds of DKM Micro-finance company. [contextly_sidebar id=”J5q53DHAM2Ph5iTvX1reMEfIxRGDKCWz”]According to customers of DKM, the company has suspended the payment of their investments and is blaming the BoG. Citi Business News desk has been inundated with calls and complaints from customers of the company…
-
World Bank cash helps Ghana to successfully launch its 4th Eurobond
Ghana has finally succeeded in issuing its fourth Eurobond. [contextly_sidebar id=”K0se0soQJzqLFH7duy78DKucdIRch3QN”]However it had to cut back on its initial figure to get a better rate for the bond Government initially announced it would issue a 1.5 billion dollar Eurobond but ended up taking 1 billion dollars after getting 2 billion dollars from investors. It got…
-
Ghana Gas unhappy with new gas management plans
Chief Executive Officer Ghana National Gas Company Dr. George Sipa-Adjah Yankey has expressed shock over reports that a new company may be contracted to build and operate Ghana’s second gas processing plant. [contextly_sidebar id=”g1becKaHdJ0aeAkuCNOTPCYgI3ZEXcy4″]According to Dr. George Sipa-Adjah Yankey Ghana gas was set up to be the sole aggregator of gas in the country. There…
-
Sacked Modec workers head to court
Nineteen sacked Ghanaian workers of Modec who work on the FPSO Kwame Nkrumah are heading to court over their dismissal. [contextly_sidebar id=”FFmsATodWyxsUE1rYXrOoGtElgSrWzIa”]The move follows their replacement by new workers. Modec and the workers were directed to go into compulsory arbitration by the National Labour Commission (NLC) in July this year after talks between them over…
-
IMF cuts forecast for global growth
The International Monetary Fund has downgraded its forecast for global economic growth this year. [contextly_sidebar id=”QnprhTHCVU6jkZatg8tAhIPpsqnx10QH”]It has reduced its figure to 3.1% from the 3.3% it predicted in July. The 2016 forecast is down to 3.6% from 3.8%. “A return to robust and synchronized global expansion remains elusive,” the IMF says. The report also warns that…
-
Anheuser Busch InBev raises its offer for SABMiller
Brewing giant Anheuser-Busch InBev has raised its offer for rival SABMiller after two previous bids were rejected. The Belgian group – the world’s biggest beer maker – has offered 42.15 pence a share, following bids of 38p and 40p. It said a deal with SAB would “build the first truly global beer company”. The combined…
-
DKM customers seize company’s vehicles over unpaid deposits
Customers of DKM Microfinance have besieged the premises of the company’s transport wing in Bolga in protest against delays to release their locked up investments. [contextly_sidebar id=”9bqNqFR9T3FIz4S5Aux5TcRo5lxCjIdG”]The customers who have also seized buses belonging to the company have threatened to continue picketing at the premises of DKM’s transport wing, that is DKM Transport services until…
-
Surfline extends operations to Takoradi
Ghana’s premier 4G LTE network, Surfline Communications Ltd has commenced operations in Takoradi. [contextly_sidebar id=”Z28mTySOgv9gpnmNq4UjcHJylZxJx3DS”]The launch of its operations in Takoradi took off yesterday 6th October,2015. According to Surfline its 4G LTE (Long Term Evolution) network is the latest technology in the world and has the fastest internet speed of up to 100Mbps. ‘4G LTE…