Author: citibusinessnews
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Xenophobic attacks:Nigeria youths ‘attack MTN office in Abuja’
MTN’s regional office in Abuja, Nigeria reportedly shut down its operations on Wednesday 22 April,2015 following attacks by irate youths presumably protesting over the on-going xenophobic attacks in South Africa. [contextly_sidebar id=”SuSiXf2XZU5ARKVFVPPdwlmdvNzK6v0J”]Quoting the Daily Sun newspaper, Naij.com said a group of more than 100 youths converged at the MTN premises carrying placards with different inscriptions.…
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Republic bank increases share price offer for HFC shareholders
Shareholders of HFC bank who want to sell their shares in the bank to Republic bank will make some extra cash than earlier anticipated. [contextly_sidebar id=”gkuU25CM2eRVvIPIPn2bXNTnj4WZY5Zt”]Republic bank is now offering more cash for a share that is sold to them. Republic bank last year made an offer of 1 cedi 60 peswes per share after…
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Newmont to recall interdicted workers
The Ministry of Employment and Labour relations has directed Newmont Ghana Gold limited to recall 4 of its interdicted workers before 6:30pm this evening. New[contextly_sidebar id=”r83qeYPLehPHrYKvcm6gbo97xiVhgFBk”]This follows a meeting between the Minister Haruna Iddrisu , management and local union executives of Newmont Ghana together with the General Secretary of the Ghana Mine Workers Union of…
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Time to sell shares in HFC bank ?
An investors’ fears in stock market investing is usually triggered when its profits in its socks are threatened. This can be a nightmare. [contextly_sidebar id=”vz2rKPgDtz6aaovRKJPpg1M8q3hFKZze”]For shareholders in HFC bank current happenings in the bank will certainly not go down well with them especially over fears it may affect the bank’s performance and in turn its…
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BoG to issue another domestic bond
The Bank of Ghana (BOG) will on Thursday 23rd April,2014 auction a GH¢400 million 3 year fixed rate bond. [contextly_sidebar id=”hoBynbMcffj5DP9j1EpleJJiyU5UHsnz”]According to the prospectus for the issuance the money raised would be used to restructure government’s debt and also for liquidity management. This will be the third domestic bond issued by the Bank of Ghana…
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Newmont loses big in workers strike, Employment ministry intervenes
The Ghana Mine Workers Union has described as “a good start” the deal that has been brokered by the Ministry of Employment and Labor relations to get striking Newmont workers to return to work. [contextly_sidebar id=”nZ1OiG4NbvnZGC6u0EDCF0yO2EzSIKbY”]This comes after the Minister of Employment and Labour relation Haruna Iddrisu met with the management and local union executives…
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13 year old boy builds $200,000 business
Last September, “Shark Tank” investor Daymond John flew his mentee Moziah Bridges, the then 12-year-old founder and CEO of bow tie company Mo’s Bows, to New York City for Mercedes-Benz Fashion Week. [contextly_sidebar id=”Luf5X4tjzS2mrazlctiGTLwTFacWIXnr”]Besides taking him to events and making introductions to power players in the industry, John accompanied Bridges on a morning taping of CNBC’s “Squawk…
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ITLOS to rule on Ghana, Ivory Coast maritime boundary case on Saturday
The Special Chamber of the International Tribunal for the Law of the Sea (ITLOS), established to deal with the dispute concerning the delimitation of the maritime boundary between Ghana and Côte d’Ivoire in the Atlantic Ocean will deliver its ruling on the case on Saturday 25th April,2015. [contextly_sidebar id=”FuZ0xf69ugx6jPCzQcjizQElcw2PlBTu”]Judge Boualem Bouguetaia, President of the Special…
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Airtel appoints new Customer Experience Director
Airtel Ghana on Tuesday announced the appointment of Rosy Fynn as its new Customer Experience Director. Rosy Fynn brings with her a wealth of telecoms experience as well as excellent leadership and execution skills. Prior to Airtel Ghana, Rosy played a key role in Surfline’s successful commercial launch in 2014 where she was the Marketing…
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GPHA to introduce new vessel booking system
Citi Business News has gathered the Ghana Ports and Harbors Authority (GPHA) is planning to introduce an online vessel booking and allocation system at the ports by July,2015. [contextly_sidebar id=”bHoFw105kigBcXxSSpzynoIAiBaOJR0z”]This is parts of efforts to improve efficiency and simplify business activities at the country’s ports. The Ghana Ports and Harbors Authority currently holds berthing meetings…