Author: citibusinessnews
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Massive fraud scam hits Tullow Ghana
Lead operator of the Jubilee oil field, Tullow Oil has warned the public against fraudsters who are using the company’s name to swindle people of huge amounts of money. [contextly_sidebar id=”Xyx9KUnnrZpfB3l8UjlkDnQnyfw77kdn”]A public notice by Tullow Oil released today June 15th, 2015, cautioned the public against falling for contract award proposition scams and employment fraud. According…
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Access bank makes a case for made in Ghana goods
Access Bank Ghana Limited has backed calls for the patronage of locally produced goods and services. [contextly_sidebar id=”z2lfV4VYwK8W2qSf6TfoxEvTrQ50CAJI”]The Bank said effective public and private sector collaboration based on sound policy interventions can contribute significantly to the success of local industries. Addressing delegates at the Ghana Economic Forum organised by the Business & Financial Times, the…
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Revenue target for cocoa will be met-COCOBOD
Ghana Cocoa Board (COCOBOD) has told Citi Business News its revenue target for cocoa exports for the 2014/15 crop season will be met. [contextly_sidebar id=”kDCFRCLcWt2OEqXexlnOauZeBrxfO7zp”]According to COCOBOD the poor cocoa harvest in Ghana is driving up the price of the commodity on global markets. Currently the price of cocoa on the world market per tonne…
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NIC temporarily suspends motor insurance increment
The National Insurance Commission (NIC) has temporarily suspended the implementation of new rates for third party motor insurance policy. [contextly_sidebar id=”HQLe1pOVQotPemOllundtwujmkF9LABV”]The Ghana Insurers Association on Monday 8th June, 2015 announced it had reviewed upwards the price for third party motor insurance tariffs effective from yesterday 9th June,2015. For a breakdown of the new policy, annual…
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Kenya Airways resumes flights to Sierra Leone
Kenya Airways has resumed direct flights between Accra and Freetown, Sierra Leone. According to the Airline the resumption of flights comes after the Sierra Leone Civil Aviation Authority gave the airline the go ahead to operate the flights. Kenya Airways suspended its operation to Kenya following a suspension on all flights from Ebola affected countries…
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SEC receives revised IPO documents from ADB
The Securities and Exchange Commission (SEC) has confirmed receipt of a revised prospectus from the Agricultural Development Bank (ADB) which plans to float shares to enable it list on the Ghana Stock Exchange. [contextly_sidebar id=”iUvMOilrZZn8lkWq1jrNyEp4AsyiuVrD”]Government which is majority shareholder of the bank with over 50 percent shares last month ordered the bank to put the…