Citi Business News

Author: citibusinessnews

  • Rift between Camynta Baezie and GIA deepens

    —

    by

    citibusinessnews
    in , ,

    The Chairman of the State Enterprises Commission, Dr Camynta Baezie has told Citi Business News he will not back down on his quest to sue the Ghana Insurers Association (GIA) for implementing his intellectual property which is the third party insurance premiums. [contextly_sidebar id=”9LShFwD3Ocx1pUH1rUgpHUe5HjCErAT0″]Dr Baezie is claiming that he developed the concept in his capacity…

  • Fixed income market begins in August

    Fixed income market begins in August

    —

    by

    citibusinessnews
    in , ,

    Citi Business News has gathered that the Ghana Stock Exchange’s Ghana Fixed Income Market (GFIM) will take off at the end of August this year. [contextly_sidebar id=”tmovItiIQwKMOHPfjjpomVYic2aBNNMg”]The Ghana Fixed Income Market is to provide a fair, orderly, transparent and efficient market for all fixed income and similar securities. The GFIM being the first of its…

  • Tributes pour in for GCCI vice chairman

    —

    by

    citibusinessnews
    in , ,

    Tributes have begun pouring in following the death of the First Vice President of the Ghana Chamber of Commerce and Industry (GCCI) Dr. Prosper Adabla. [contextly_sidebar id=”sCCEQOskK1FbVSRx83PExov6ryvrLXWe”]Dr. Prosper Adabla died last Saturday afternoon July 25, 2015 after his three story building which he was putting up around cantonments in Accra collapsed on him. He together…

  • EU lifts ban on Ghanaian airlines

    EU lifts ban on Ghanaian airlines

    —

    by

    citibusinessnews
    in , ,

    The European Union Commission in charge of air safety has lifted a nine-year ban imposed on two Ghanaian registered carriers. [contextly_sidebar id=”Ei1cOYoUxEiS0e0NVZHTkapX2FpD1XSW”]This comes after the Ghana Civil Aviation Authority (GCAA) made a case against the ban which was placed largely due to safety concerns raised by the EU. In March 2006, the EU air safety…

  • Unicorn Air commences private jet charter services

    —

    by

    citibusinessnews
    in ,

    Unicorn Air has commenced its chartered jet air travel services in Ghana. [contextly_sidebar id=”JwLYAx8RLXxSrNJkpQB94DwelUJu8hT7″]It follows the granting of an Air Operators Certificate (AOC) to it. With the certification, Unicorn Air becomes the first airline to render private jet charter services in Ghana as well as ancillary services, including medical evacuation and sports charters, using an…

  • Court dismisses zoobashop’s suit against CSC

    Court dismisses zoobashop’s suit against CSC

    —

    by

    citibusinessnews
    in , ,

    A fast track high court has dismissed an application for an interlocutory injunction filed by Online Retail Shop, Zoobashop seeking to restrain the Courier Services Commission from pursuing the company to register their operations as a Courier Service Operator. [contextly_sidebar id=”YzOlQUTd1pD2OcnPiYo2m07G2JLB04Fs”]Zoobashop in May this year sued the commission following a raid on its offices by…

  • Parliament okays 1.5 billion Eurobond

    Parliament okays 1.5 billion Eurobond

    —

    by

    citibusinessnews
    in , , ,

    Parliament has given government the green light to issue a 1.5 billion Eurobond. [contextly_sidebar id=”dXWK6x3G51DU3yyYAZZQrZCc4NiOo1of”]Prooceds from the bond will be used to help in the management of liabilities and general budgetary support. The Minister of Finance, Seth Terkper made the request for Parliament to give the green light during his presentation of the mid-year review…

  • GPHA threaten sanctions against shipping lines over wrong dollar quotations

    GPHA threaten sanctions against shipping lines over wrong dollar quotations

    —

    by

    citibusinessnews
    in , ,

    The Ghana Ports and Harbours Authority (GPHA) has described as unacceptable the decision by some shipping lines and government agencies to still stick to the old dollar quotations despite the appreciation of the cedi. [contextly_sidebar id=”Uuon9dG43HGCXgktNicbXeB1WHMo22L1″]Importers and exporters are accusing some shipping lines and government agencies operating at the country’s ports of charging exorbitant rates…

  • NLC directs Stanchart to halt layoffs

    —

    by

    citibusinessnews
    in , ,

    Citi Business News has gathered that the National Labour Commission (NLC) has ordered Standard Chartered Bank to halt moves to lay off some workers of the bank. [contextly_sidebar id=”BGH620TTq0owVrbx6QsXUoDl825SHxh1″] The order comes after management of the bank called the bluff of the Union of Industry Commerce and Finance Workers (UNICOF) over its move to strike following…

  • Hords Cocoa and Intravenous to list on GAX

    Hords Cocoa and Intravenous to list on GAX

    —

    by

    citibusinessnews
    in , ,

    Barring any hitches the Ghana Alternate Exchange (GAX) will see two additional listings this year. [contextly_sidebar id=”GzBYfOJLP0K8Kq8n8FMnpf70DCvLUZrt”]Indigenous manufacturing company, Hords Cocoa is expected to list on the GAX following its IPO opening. Intravenous Infusions is  also expected to commence its offer following approval from the regulator, Securities and Exchange Commission (SEC). The Ghana Alternate Exchange…