Author: citibusinessnews
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Fuel prices up by 14 pesewas
Citi Business News has learnt some Oil Marketing Companies (OMCs) have sanctioned a 14 pesewa increase in prices of petroleum products. [contextly_sidebar id=”H2UALSofwSKGgDvNdTczhR7qOOJWzYxz”]This follows the implementation of the full deregulation of the petroleum downstream effective today. A visit to the Total pump station in Adabraka this morning revealed Petrol was being sold at 3 cedis…
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Tullow, Jubilee partners support June 3 disaster victims
Tullow Oil and the Jubilee Partners have presented a cheque for GH₵500, 000 to the 37 Military Hospital to assist them in the delivery of medical care to victims of the recent floods and fire disaster. [contextly_sidebar id=”ToHosxznD6jHhJ041LH14d0D8D5za1ku”]Managing Director of Tullow Oil, Charles Darku, who made the presentation, told journalists that the gesture was a…
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Arab world’s biggest bourse opens to foreigners
Saudi Arabia’s stock exchange allowed foreign investors to trade shares for the first time on Monday, boosting efforts by the world’s top oil exporter to become a major global capital market. Foreign banks, brokerage houses, fund managers and insurance companies based outside the Gulf can now invest directly provided they meet the requirements. The measures…
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EU cash to save cedi
Economist Dr. Ebo Turkson has predicted that disbursement of funds from the European Union will help stabilize the cedi. [contextly_sidebar id=”nOQ68mTvGrwIqLd2gETjCYVwzFfepjZK”]According to Dr. Ebo Turkson the disbursement of 161.38 million euros from the European Union (EU) to support Ghana’s 2015 budget is one way to temporary stabilize the depreciating cedi. Ghana’s budget execution is said…
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GCAA to direct local airlines to increase flights following Antrak’s suspension
Director General of the Ghana Civil Aviation Authority (GCAA), Abdulai Alhassan has told Citi Business News the authority is likely to direct domestic airline operators to increase their flights following the temporary suspension of operations of domestic carrier Antrak Air. [contextly_sidebar id=”DLTUPbnKTtw8p97ahbrRyDs2lFXwmxIo”]’The pressure will be on the existing airlines to pick the other passengers so…
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Week Three of Citi Business Festival commences
Week three of Citi FM’s Citi Business Festival continues this week, June 15th- June 19th, with the on-air program the Management Development Month Series (MDM). [contextly_sidebar id=”PH7rlD9oz1C8YCTTNgfUTGlgbqvorFxA”]The MDM kick started with Mawuli Ocloo, an Experienced Sales & Marketing Executive on the Citi Breakfast Show on Monday June 15th, 2015. His presentation focused on Sales strategies…