Author: citibusinessnews
-
January salaries of 14,000 gov’t workers to delay
The January 2015 salaries of about 14, 000 public sector workers in the Greater Accra Region will be delayed. This comes on the back of the failure of some unit heads in the region to validate and certify their employees to be paid for the month of January, 2015. [contextly_sidebar id=”T1ACaPBgIfBy1PO088GwgGMQHuABOvuX”]The Controller and Accountant General’s…
-
Single window system will ease congestion at ports – GPHA
The Ghana Ports and Harbors Authority (GPHA) is proposing a single window system to help reduce the congestion at the ports. According the GPHA, there are too many government agencies operating currently at the ports which contribute to the delays in the clearing of the goods. The Tema Port is said to be housing more…
-
Chamber of Commerce, PEF to meet over attacks on Ghanaian websites
Captains of industry and members of the Private Enterprise Foundation (PEF) will convene this week to discuss collaborative measures to protect websites from being hacked. [contextly_sidebar id=”t2Pv30b2YzOP0RaGX0n2s40yoVOkEdN8″]Last week, a number of state agencies have their websites hacked, and was confirmed by the Ministry of communication. Citi Business News checks indicate that there is panic within the business…
-
VRA to use coal to generate power
The Volta River Authority (VRA) is considering using coal to generate power to augment the current energy capacity. [contextly_sidebar id=”6r5y4OW9rzjJI73lmIKQUlrPIJPiOtBE”]In view of this, the VRA has signed an MOU with China’s Shenzen Energy Group to commence work on the coal plant in the western region. Ghana presently has a power demand of about 2,000 megawatts…
-
Importers to pay less from March 1
As parts of measures to reduce the high cost of doing business at the country’s ports, the Ghana Shippers Authority is set to implement the Advance Shipment Information System (ASHI). The new system when operational on the 1st of March, the system will enable importers fill out documentation online to expedite the cargo clearance process, thereby…
-
HFC EGM: Republic Bank supports SSNIT over corporate governance concerns
Republic Bank, which is the largest Shareholder in HFC Bank has thrown its support behind the Social Security and National Insurance Trust (SSNIT) to remove and replace three directors of HFC Bank. [contextly_sidebar id=”jMcbybHat6LbmZoW100dTyhF4JUi5WKi”]SSNIT has expressed concerns about the governance structure of HFC bank but those concerns have been rubbished by the bank’s management. SSNIT…
-
State Housing Company gets new acting MD
The Manager in charge of Finance and Administration of the State Housing Company (SHC) Isaac Nai has been asked to act as Managing Director. [contextly_sidebar id=”QjhoKP7SZNKB2hj4ZgQgMXcOS6hn1Bek”]This comes after the former MD, Dr Mark Nii Akwei Ankrah was ordered to step aside to allow for investigations to be conducted into alleged financial malfeasance at the company.…
-
Indicted SIC Insurance MD proceeds on forced leave
The Managing Director of SIC Insurance Company Limited, Mrs. Doris Awo Nkani is expected to proceed on her accumulated annual leave effective Monday, January 26. [contextly_sidebar id=”7YtYLNMro1PTvollijf765bTjf02mhCm”]This follows an advice from the board of SIC Insurance Company Limited as contained in a statement dated January 20, 2015. This is to pave way for investigations to…
-
More women needed in top management positions – Jack Ma
Founder and Chief Executive Officer of China’s online market place, Alibaba, has challenged companies to employ and include women in top level management positions. According to Jack Ma, women are able to project the core values of a company and meet set targets. Speaking in a session at the just ended World Economic Forum in…
-
Rejoinder: Ghana Gas awaits VRA – Kwesi Botchway
We refer to the article on Ghanaweb Website with the above caption, indicating that Ghana gas is waiting for VRA to bring up all its plants so that Ghana gas can increase production to 120 million standard cubic feet per day. Currently, all units at the VRA’s T1 and T3 plants are running on gas…