Author: citibusinessnews
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Blame govt, banks, BoG & borrowers for high interest rates -IEA
The Institute of Economic Affairs (IEA) has blamed commercial banks, the Bank of Ghana (BoG), government as well as borrowers for the high interest rates in the country. [contextly_sidebar id=”G2Nso0f6Nny6uMzzp5AD441xwCAEYroj”]According to the IEA a research it conducted on the country’s high interest rates reveled that all parties involved are to be blamed for the hikes…
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Govt will resolve ADB fracas- Haruna Iddrisu
Employment and Labour Relations minister Haruna Iddrisu has told Citi Business News government will resolve the impasse between workers of ADB and the bank soon. [contextly_sidebar id=”pDECMWkOu5B3DxeIXN1HYGVZ0f1brOlu”]’I am very optimistic that by tomorrow we will reach a settlement on how to deal with the issues and particularly for how both of them can deal with…
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Job cuts figures not inflated – Labour economist
A labour economist, Dr. William Baah-Boateng has dismissed assertions that organized labour has inflated the number of workers likely to be laid off by close of 2015. He argued that there are other avenues through which labour could force the government to resolve the three-year energy crisis. “I think this is not the time to…
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5 things even smart people forget when they’re looking for a job
Working for The Muse means that I have a lot of friends coming to me for job search advice. (It also means unlimited vacation time and Whisky Fridays, but that’s an article for a different day.) And while every situation is different, there are a few things I find myself saying over and over. Especially to…
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We won’t abandon Ghana over crude prices – Oil companies
There is reassuring news for the nation as oil giants have vowed not to abandon oil exploration in Ghana despite the decline in crude oil prices in the world market. This was revealed by some of the oil companies at the 2015 Edition of the Offshore Technology Conference currently ongoing in Houston in the United…
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Lufthansa faces more cost-cuts despite profits improvement
German airline Lufthansa, hit by a series of strikes, has warned that more cost-cutting is needed. The carrier posted a net profit of €425m (£312m; $472m) in the last quarter, up from a €252m loss last year, helped by the falling oil price. But Lufthansa said rising pension and other costs remained a burden, and…
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Review freedom traffic policy – AWA
Domestic airline operators in Ghana have called on the Ministry of Transport to review the fifth freedom traffic right policy. [contextly_sidebar id=”nmh7tfXzz8GXRS3Cv2yuMNspgqpijL48″]The fifth freedom traffic policy enables an airline to carry passengers from one country to another and from that country to a third country. No local airline in Ghana currently has the green light…
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Ineffective leadership cause of economic woes – ICU
The Industrial and Commercial Workers Union (ICU) is blaming Ghana’s economic woes on persons it refers to as square pegs in round holes occupying leadership positions in government. The union members are currently bearing the brunt of the erratic power supply as they risk losing their job. ICU has already warned that about 3000 unionized…
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Lack of cash cause of Ghana’s power crisis – Manteaw insists
The Chairman of the Civil Society Platform on Oil and Gas, Dr Stephen Manteaw has reiterated claims that the cause of the ongoing power crisis is government’s lack of money. Ghana has for the past three years been face with power crisis due to challenges in power generation. President Mahama during the May Day celebration…
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ADB won’t be sold to First Rand Bank- MD
Managing Director of adb Bank has denied reports that the bank is to be sold to First Rand Bank of South Africa. [contextly_sidebar id=”ATATNbVJw2tV9QZ5GsTFHS0dEbv8dic4″]The Union of Industry, Commerce and Finance Workers (UNICOF) has alleged that the bank is to be sold to the South African bank after its Initial Public Offer (IPO). adb Bank is…