Author: citibusinessnews
-
MMT board chairman responds to workers agitations
The Board Chairman of the Metro Mass Transit Limited (MMTL), Osabarima Ansah Sasraku III, has dismissed allegations leveled against him by the workers of the company. The workers on Monday declared a nationwide strike to demand the dismissal of the Board Chairman and Deputy Managing Director over the disappearance of some 12 buses. The drivers…
-
NIC rules out sanctions against Central Medical Stores
The National Insurance Commission (NIC) has ruled out any sanction against the Central Medical Stores for failing to insure its warehouse which was ravaged by fire on Wednesday, 13th January, 2015. The Central Medical Stores which serves as the main storage facility for all medical supplies in the country was razed down completely by…
-
Starbow to resume flights to Tamale
Local airline Starbow has hinted to Citi Business News it will resume flight operations to Tamale in February, 2015 after its takes delivery of two new aircrafts this month. [contextly_sidebar id=”xEGsosYmPU1JaEPALlnNJazBCPTXmnnP”]Starbow suspended flights to Tamale, late last year due to a significant drop in passengers that patronize their airline to and from Tamale to Accra.…
-
Court battles won’t affect our image -SEC
The Securities and Exchange Commission (SEC) has dismissed reports that the accusations of bias against it in the mandatory takeover of HFC bank by Republic Bank would tarnish its image and negatively impact the Ghana Stock Exchange. [contextly_sidebar id=”jpMm7ICpLkZ7RY9RVCvoPNfLGEgKp1Dr”]HFC Bank recently sued the Republic Bank of Trinidad and Tobago and the Securities and Exchange Commission…
-
DIC jabs importers and exporters
Destination Inspection Companies (DIC) have hit back at the Ghana Importers and Exporter Association following allegations that, destination inspection companies are behind the implementation of the Ghana Conformity Assessment Programme (G-CAP). According to the DIC’s Secretary of the Joint Consultative Committee, Walter A. Onyango, they have no knowledge of the G-CAP and how it was…
-
World Bank cuts global growth forecast
The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery. In its bi-annual report, the Bank predicted global growth of 3% this year and 3.3% next year, below its June forecast of 3.4% and 3.5% respectively. “The global economy is running on a single engine…The American one.…
-
We will not sell stake in MMT & STC – Gov’t
Government has ruled out any move to sell its shares in Metro Mass Transport Limited (MMT) and Inter-City STC. The assertions follows calls for government to cede its shares if the two are to run efficiently. The two over the years have faced some level of operational and financial challenges. [contextly_sidebar id=”M4aosZ4qIivK1VuDpofkknvRjjOUBoJT”]On Monday, January, 2015…
-
First MPC meeting for 2015 takes off in February
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will in February commence its first meeting for 2015. The meeting will start on February 16th and end on 18th of February. The meeting will end with a press conference which will be addressed by the Governor of the Bank Of Ghana Dr Henry…
-
Emirates to offer sweet deals to passengers
Emirates has announced it will offer special business and economy class fares to a wide range of cities across six continents in 2015. These cities include London, New York, Shanghai, Singapore, Dubai, as well as Amsterdam, Johannesburg, Mumbai, Perth and Abidjan. To enjoy the attractive discounts, bookings have to be made from now to the…
-
SEC yet to receive insider trading complaint from HFC directors
The Securities and Exchange Commission (SEC) has confirmed to Citi Business News that it has not received any form of complaint from the 2 independent members of the Board of Directors of HFC Bank or the bank over allegations of insider trading. The two directors are demanding that HFC bank initiate investigations through the Securities…