Author: citibusinessnews
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GIBA ready to sue NCA over re-classification policy
The Ghana Independent Broadcasters Association (GIBA) has given indications that it is prepared to resort to the Supreme Court if the National Communications Authority (NCA) refuses to stop its new re-classification policy. [contextly_sidebar id=”q7SWCufTWyUekSnr9faPGKu18A6FpMcL”]The policy is aimed at reducing the approved coverage area of radio stations operating in the country from 100 kilometre radius to…
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adb workers call off strike
Workers of Agricultural Development Bank (adb) have called off their day old sit down strike which began on Thursday. [contextly_sidebar id=”SruJKMXPPJPK49nwIDOSgDFcod6EpV2H”]Workers embarked on the strike to press home their demand for government to sack its Managing Director, Stephen Kpordzih and also dissolve the current board. A letter from the union leaders directing the staff to…
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South African Airways to fly direct from Accra to Washington
South African Airways (SAA) will from August 2, 2015, introduce direct flights from Accra to Washington DC in the United States. [contextly_sidebar id=”4T3ZcLkmq46Q3Lv2oi9cTmLYggsVmKHn”]The move, according to the airline’s Executive Africa Hub Projects Manager, Kendy Phohleli, was based on sound business principles as there is demand for passengers wanting to fly from Ghana to the United States…
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CAL bank blames brokers for poor performance of shares
Cal bank has blamed stock brokers for the fluctuating performance of its shares on the Ghana Stock Exchange. [contextly_sidebar id=”9j7mxuf3ylmV1zY8xqN64nCTJc5vUrSR”]The share price of the bank is currently selling at 1 cedi 8 pesewas inching up by 4 pesewas since the beginning of the year. The share price of stocks are usually determined by the performance…
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adb denies unionized workers sit down strike
The Agricultural Development Bank Limited (adb) has denied reports that its unionized workers have begun a sit down strike in protest against the continuous stay in office of the bank’s managing director and board members. The unionized workers of the bank were yesterday directed by UNICOF to embark on a nationwide sit down strike to…
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PPI inches up to 19.5 %
The Producer Price Inflation (PPI) for industry for the month of April 2015 hit 19.5%, 0.3% points up from the 19.2% it recorded in the month of March. [contextly_sidebar id=”PcQeEuNvCjkTNxjoW5BYLnIQ86E6RUYn”]This rate indicates that, between April 2014 and April 201 5 (year – on – year ), the PPI increased by 19.5 percent, representing a 0.3…
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Darko farms to supply 87% of poultry products to KFC
Fast food giant, KFC has signed a partnership with indigenous poultry farm, Darko Farms to supply the company with local poultry products. [contextly_sidebar id=”X9Lmj33sgjZQFgRv1DqGdqgPyEQoZDcd”]The agreement will see about 87percent of poultry products being supplied by Darko farms to KFC. The venture by KFC and Darko Farms far exceeds the 40percent target by government to reduce…
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UNICOF to begin talks with GCB over lay-offs
The Union of Industry, Commerce and Finance Workers (UNICOF) has called for calm among workers of GCB Bank Limited over the bank’s recent announcement to lay-off staff. [contextly_sidebar id=”CxRq19iiRr69sIxVr0dCfZY1TQq5Fayg”]According to UNICOF they will engage management to ascertain their reasons for the intended lay-off. GCB bank’s Managing Director last week confirmed to Citi Business News that…