Author: citibusinessnews
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Mobile phone users to pay more
Mobile phone users are likely to pay more for on-net calls they make, if a new directive from the National Communications Authority (NCA) is implemented. [contextly_sidebar id=”GwKkP1LAqINBVfzV0JPAcjXqxutqh0Ka”]Citi Business News has gathered the NCA will soon roll out a new directive asking all telcos to peg their minimum on-net tariff at 4Gp. On-net tariff is what…
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SEC orders Republic bank to pay GH¢1m for takeover breach
The Securities and Exchange Commission (SEC) has cleared Republic Bank of Trinidad and Tobago on allegations of insider trading, but has ordered the bank to pay one million Ghana cedis as settlement for breaching the takeover code. [contextly_sidebar id=”7yslMjBCkyJb01fyvQeTkcFwFyY4g0Nd”]Allegations of insider trading against Republic bank surfaced last year during Republic bank’s acquisition of HFC shares…
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Court throws out digital migration case against Government
A Commercial court in Accra has thrown out an injunction seeking to prevent Ghana from migrating from analogue to digital terrestrial television (DTT) broadcasting. Star Communication Network Technology Company Limited of China in February, 2015 sued the Ministry of Communications through the Attorney-General over the abrogation of an April 11, 2012 contract for the supply…
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HFC EGM fracas: players agree to hold EGM after AGM
Citi Business News has learnt the much anticipated HFC Bank Extra Ordinary General Meeting (EGM) has been cancelled after an intervention from the Bank of Ghana. [contextly_sidebar id=”BVeLw3FJIvFZZ96D1NSJH8S4OEy8dx9B”]According to Citi Business News sources, the Social Security and National Insurance Trust (SSNIT) which formally requested for the EGM has agreed to wait until the Annual…
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HFC bank’s EGM likely to come off next week
The much anticipated Extraordinary General Meeting (EGM) of HFC Bank is likely to come off next week. [contextly_sidebar id=”QzbJVx3xwHu8FoWUkVaegUWa6dKbCXFD”]It follows the dismissal of a case brought before an appeals court in Accra by a shareholder of HFC Bank seeking to stop the holding of the bank’s EGM. The shareholder took the case to the appeals…
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Appeals court throws out HFC case
An Appeal court today March, 4, 2015 dismissed a case brought before it by a shareholder of HFC bank seeking a stay of execution of the holding of the bank’s Extraordinary General Meeting (EGM). [contextly_sidebar id=”Pcw71HcDiZ2fSDSZeegwtPBD0hm0mJlK”]The shareholder took the case to the appeals court after an Accra high court on February 9th, 2015 dismissed the…
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Banks with the best initial deposit requirement for dollar accounts in Ghana
According to figures from the bank of Ghana as at December, 2014 three particular banks in the country will require no money from you as initial deposit in order to open an individual dollar account for you. [contextly_sidebar id=”yW76s2Pt9B4CwyrDjo35VIhlEZlICsFj”]They are United bank of Africa (UBA), Guaranty Trust (GT) and First Atlantic Bank. Another bank…
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Starbow to resume flights to Sierra Leone & Liberia in March
Starbow has hinted of plans to resume flights to the West African sub region this month. [contextly_sidebar id=”6d6IJv9EOMeV7I1Ra7Phm3lkTxQ53Egu”]The airline halted operations to the sub region in January 2013. Starbow recently took delivery of two new aircrafts to help in its West African expansion drive. Speaking to Citi Business News during the official reopening of Starbow…
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Ghana gets anti-malarial paint, inesfly
A new paint with the ability to kill insects, called inesfly has been launched in Ghana. [contextly_sidebar id=”6bZ5InqgV7QKLJgJm4m6EHG2OMW8Ynyi”]Inesfly, manufactured and produced in Ghana, has the ability to kill insects such as mosquitoes, cockroaches amongst others. The product was invented by a Spanish female scientist, Dr. Pilar Mateo, after 15 years of research and has been…