Author: citibusinessnews
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Unicorn Air joins Ghana’s aviation market
The Ghana Civil Aviation Authority (GCAA) has licensed Unicorn Air Chartered Services to begin commercial operations in the country. Unicorn Air, a subsidiary of UHI Holdings is to provide chartered air travel services in Ghana’s aviation sector. The airline will start operations with its HS-125 800XP aircraft, after undergoing the certification for the Air Operators…
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Banks in Osu indicted for poor customer service
A survey conducted by the Customer Service Academy has revealed majority of banks operating in and around Osu, a suburb of Accra, have poor customer service. The survey which was conducted among 18 banks was to test if the banks were meeting industry specifications of customer service excellence. [contextly_sidebar id=”6DNNSo0UPG6zQOq7uJfg8w3yDsgB7d13″]The month of October is known…
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387,600 data subscribers dump Vodafone
Vodafone recorded one of its worst declines ever after losing about 387,600 data subscribers in the month of August. The telecom giant lost a little under 88,000 subscribers in the previous month July. This was revealed in the monthly data market share report from the National Communication Authority (NCA). The month of August was not a…
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30-day ultimatum to foreign retailers elapsed
The task force tasked to evict foreigners involved in retail trade in Ghana will convene on Thursday to re-strategize on how to get them out of the markets. This comes two days after the expiration of a 30-day ultimatum from the Ministry of Trade to all foreign retail traders to leave the markets. The Ghana…
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ICU intervenes in Golden Tulip workers’ struggle
The Industrial and Commercial Workers Union (ICU) is currently leading negotiations with the management of Golden tulip hotel, following workers agitation over poor salaries and conditions of service. This comes after the hotel in a statement lamented the failure of the mother union to intervene and address the impasse. [contextly_sidebar id=”Qjhkw5onlzeD4FiLP8A2lEqSY8OGwEEo”]According to the management of…
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AngloGold to seal Obuasi mine from illegal miners
AngloGold Ashanti has assured it has adequate security to keep illegal miners at bay when it closes its Obuasi mine. The mining firm will partially close its Obuasi mine for two years to upgrade the mine. The company would continue with its surface mining programme which it regards as profitable against the expensive underground mining it has been…
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Pass law to push informal sector into tax net-AGI
The Association of Ghana industries (AGI) is calling for the enactment of a law that will force all businesses in the informal sector to be registered with an association in order to identify them for tax purposes. There have been several recommendations on how to widen the tax net in the informal sector but the…
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KIPP US$ 900 million project signed
A 900 million dollar agreement has been signed for the construction of the Kpone Independent Power Plant (KIPP). The project being undertaken by Cenpower Generation Company, when completed in 2017, will be the largest private IPP in the country. It will account for approximately 10% of Ghana’s total installed capacity and approximately 20% of…
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Over 82,000 subscribers dump Tigo and Vodafone
About 82,000 mobile voice subscribers ditched telecom giants Vodafone and Tigo in the month of August. This is according to the monthly market share report released by the National Communication Authority (NCA). The two were the only companies that recorded declines in the number of subscribers. Mobile phone voice subscribers increased by about 162,000 to…
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SA’s Sanlam increases stake in EIC
Citi Business News has learnt that South African insurance firm Sanlam has increased its stake in Ghana’s Enterprise Insurance Company. Sanlam has acquired a 40 percent stake in a unit of Ghana’s Enterprise Insurance Company for about $21 million, in its latest move to expand in sub-Saharan markets. The deal remains subject to regulatory approval…