Author: citibusinessnews
-
MPC meetings commences next week
The Monetary Policy Committee (MPC) of the Bank of Ghana will from next week Monday commence its regular meetings to review developments in the economy. Next week’s meeting is the 62nd and may be the last for this year. The meetings will end with a press conference next week Wednesday which will be addressed by…
-
Vodafone dumps Teletech
Citi Business News has learnt Vodafone Ghana has taken over the management of its call center after terminating the contract of Teletech Ghana Limited. The call centre at high street was outsourced by Vodafone Ghana in 2010 to Teletech, a South African company. This was to allow Vodafone concentrate on growing its customer base, improving…
-
US tilapia boss arrested
Citi Business News has gathered that the founder and Chief Executive officer, of US Tilapia Investment Company, Godfred Medicine has been picked up by the Ashanti Regional Police. This follows an order by a Kumasi High court to for him to be arraigned before the court to provide some sureties that he will not run away…
-
Ghana banking awards comes off tomorrow
26 out of 28 universal banks in Ghana will be competing for honors in the 13th edition of the Ghana Banking Awards tomorrow 1st November,2014. The Awards are based on the publicly available financial statements published by the banks. It is also based on a survey of the views and opinions of customers as users…
-
Tema Fishing Harbour landing beach to be completed in December
The Ghana Ports and Habours Authority (GPHA) has told Citi Business News works on Tema Fishing Harbour landing beach will be completed by December this year. The landing beach is being constructed into concrete net mending wharf to allow fisher folks undertake repair works of their nets. The late President John Evans Atta Mills in…
-
Lack of funds impeding our work-Auditor General
The Ghana Audit Service says lack of funds from government is impeding its work. The Auditor General made this remarks at the sidelines of the 5th Audit Service annual accountability lecturers. It was on the theme, State Audit- Achieving Better Public Accountability. The Audit Service says it is appalled by the lack of funds to…
-
Burkina Faso unrest: food shortage likely to hit Ghana
There could be a possible shortage of tomatoes and other vegetables in the coming months if current political turbulence in Burkina Faso drags. This is the fear expressed by Tomato sellers in Ghana. Rioting in Burkina Faso intensified yesterday as anti-government protestors burnt the country’s parliament house, to protest against President Blaise Compaore’s bid to…
-
NIC sets up taskforce
The National Insurance Commission (NIC) has inaugurated a national taskforce to ensure its directive for commercial buildings and vehicles to be compulsorily insured is adhered to. The NIC says with the launch of the five-member national taskforce, all individuals and organizations that do not have the compulsory insurance cover for their vehicles and private commercial…
-
Starbow is still grounded-GACL
The Ghana Civil aviation Authority (GCAA) has dismissed reports that Starbow has been allowed to resume flight operations after being grounded yesterday. There are reports that the airline was allowed to resume flight operations this morning. The airline was grounded yesterday after a near fatal incident the day before resulting from a hydraulic failure. Two…
-
Minerals Commission revokes license of Romex Mining Corporation
The Minerals Commission has revoked the license of Canadian Mining firm, Romex Mining Corporation. The revocation follows Romex flouting a number of laws governing mining in Ghana. Romex is reported to have transferred its mineral rights to another company, FCMI Ghana Incorporated, without the consent of the ministry in charge of the industry. Romex also began…