Author: citibusinessnews
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Ghana Civil Aviation Authority gets new boss
Simon Allotey has been appointed the new Director-General of the Ghana Civil Aviation Authority (GCAA), Citi Business News has learnt. The Authority has been without a substantive Director – General since Air Commodore (rtd.) Kwame Mamphey, retired last year. The Authority, following the retirement of Air Commodore Kwame Mamphey, was headed by Abdullai Alhassan as the…
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Dentsu Aegis acquires 2 Ghanaian media buying companies
Dentsu Aegis Network has acquired two leading media buying and planning agencies in the country, Adams Media and Premier Media Company Limited. Adams Media and Premier Media will be rebranded as Carat and Vizeum respectively and would form Dentsu Aegis Network locally to become the leading media agency in Ghana. Continuing its ongoing investment into…
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Mining sector needs more attention – Chamber
President of the Ghana Chamber of Mines Johan Ferreira has told Citi Business News the country needs to do more to attract foreign direct investments (FDI) for the mining sector in Ghana. According to him, the current economic challenges are gravely affecting the mining sector’s growth. Johan Ferreira said the unending loading shedding exercise, the…
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afb finally listed on GAX
Payroll lenders, afb Ghana Plc has officially listed some bonds on the Ghana Alternate Exchange (GAX) of the Ghana Stock Exchange, raising 38 million cedis after offering bonds of 30 million cedis. This follows a successful offer launch last month in an attempt to raise 100 million cedis from the market. The company’s bond listing…
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Fuel prices reduced marginally
Most Oil Marketing Companies (OMCs) have reviewed downwards, the prices of petroleum products today. This is contrary to the Chamber of Bulk Oil Distributors (CBOD) publication of indicative prices which showed that prices were expected to increase by some 30 pesewas effective today. According to available data from the CBOD companies, the highest price any OMC…
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OMCs, BDCs disagrees on fuel price adjustments
Private and commercial vehicle owners should be ready for either an increase or decrease in the prices of petroleum products at the pumps. This is after indicative prices released by the Chamber of Bulk oil distribution companies showed prices were expected to increase by some 30 pesewas effective today. But Citi Business news has learnt…
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GCB Bank presents 2014 dividend to government
GCB Bank Limited has presented a dividend of GH¢18,114,756.16 to the government of Ghana as dividend for 2014. This represents an astronomical increase from 2011, 2012 and 2013 when the Bank paid dividend of GH¢3.65 million, GH¢7.2 9 million and GH¢13.97 million respectively. Mr Cassiel Ato Forson, a Deputy Minister for Finance who received the…
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Court adjourns adb /UNICOF case
The labour division of an Accra High Court has adjourned ruling on an application for interlocutory injunction brought before it by Union of Industry Commerce and Finance Workers (UNICOF) against Agricultural Development Bank (ADB). The deferring of the court ruling according to the trail judge is to allow for the court to assess the arguments…