Author: citibusinessnews
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Golden Tulip Workers slam Seth Terkper
Workers of Golden Tulip hotel have slammed the minister of finance Seth Terkper for turning a blind eye on allegations of embezzlement being leveled against managers of the hotel. The workers have twice petitioned President John Mahama to intervene and address the growing tension in the hotel between workers and management. The workers are accusing…
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ECG intensifies load shedding exercise
Citi Business News can confirm that the Electricity Company of Ghana (ECG) has intensified its load shedding exercise in the southern part of the country. According to the Public Relations Officer of the ECG William Boateng, some 200 megawatts of power was shed yesterday the highest in awhile. The increase in shedding is expected to…
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Deputy transport minister slammed over airline comments
Business economist with Manchester Business School, Professor Pikay Richardson has slammed the Deputy Transport Minister, Joyce Bawa Mogtari on her defence that Ghana Airways was a viable venture. The Deputy Transport Minister early on told Citi Business News the erstwhile Ghana Airways was making profits before it collapsed. Justifying government’s move to establish the new…
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Lushann rubbishes Wall Street Journal’s Saltpond report
Lushann Eternit Energy Limited has reacted to recent reports that stolen crude oil from Nigeria may have found its way to the Saltpond oil fields. A recent publication by US-based newspaper the Wall Street Journal on Friday, 22 nd August, 2014 under the banner headline, ‘Tiny Ghana Oil Platform’s Big Output Sparks Scrutiny’, and authored…
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Tilapia ban must be backed with concrete plan – GAWU
The Ghana Agricultural Workers Union, GAWU is demanding government announces its strategic policy to increase local tilapia production following a ban on its importation. The ministry of Fisheries and Aquaculture today announced it will ban the importation of tilapia as part of efforts to create a market for the local fish industry. This will also cut…
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Business plans don’t really work -Iroko TV boss
Business mogul and Co-founder of technology firm IrokoTV has advised aspiring entrepreneurs not to prepare a business plan before they start their business. This controversial assertion stands contrary to traditional thinking that a business plan is a springboard to translating an idea into reality. Jason Njoku, speaking to Citi Business News said business plans don’t…
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15 million dollar scandal hits Golden Tulip hotel
The workers union of Golden Tulip hotel is accusing the director of finance and administration for the Ghana Libyan Arab Holding Company Ernest Asamoah and some other members of management of the hotel of embezzling 15 million dollars. According to the workers the money was to be used for the hotel’s renovation project however the…
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U.S. runs out of investor visas as Chinese overwhelm program
The United States has exhausted its annual supply of EB-5 immigrant investor visas for the first time in the program’s history following a surge of applications from Chinese nationals. The State Department’s chief of visa control, Charles Oppenheimer, told lawyers at an industry conference earlier this week that no more spots will be available to…
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Government justifies establishment of national airline
Government has defended its decision to establish a national airline. According to the Deputy Minister of Transport, Joyce Bawa Mogtari ,“remember that this route is a very, very viable one , for now we have 41 national carriers plying this route , why can we not put our national carrier back in the sky to…
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Tourism ministry to cash in on Ebola
The Ministry of Tourism, Culture and Creative Arts says it intends to cash in on the Ebola outbreak. According to the ministry it will do so by promoting domestic tourism amidst the outbreak. Minister of Tourism, Culture and Creative Arts Elizabeth Ofosu Agyare told Citi Business News “The Ministry of Tourism Culture and Creative Arts even though…