Author: citibusinessnews
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Domestic airlines in trouble as ¢edi depreciation bites hard
Domestic airlines are facing their worst operational challenges ever, as rising cost of operations, fuelled by the depreciating cedi and a drop in passenger numbers erodes their profits and earnings in general. The situation has been compounded by new entrants into the already choked market. This has forced a few of the airlines to pull…
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Banking consultant downplays impact of Moody’s downgrade on GCB
Banking consultant and Principal Consultant at Osei Tutu II Centre for Executive Education & Research, Nana Otua Acheampong, has downplayed the likely negative impact, rating agency Moody’s downgrade will have on Ghana Commercial Bank (GCB). The bank was downgraded last week by the rating agency after downgrading the country a week earlier. Moody’s downgraded Ghana…
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Gov’t, Singapore talk double taxation
Singapore has begun talks with the government to secure a double-taxation agreement with Ghana in a move that is intended to deepen trade ties between the two countries. The Singapore government has since last year set up an office in the country for its investment promotion and facilitation agency, International Enterprise (IE) Singapore, in a…
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Newmont Ghana donates to Otumfuo’s Charity Foundation
The CEO of Newmont Mining Corporation, Gary Goldberg has lauded the Asantehene, Otumfuo Osei Tutu II,for his commitment towards the development of his people in Asanteman and Ghana as a whole. Mr. Goldberg made the observations when he paid a courtesy call on the Asantehene during a recent working visit to Ghana. The visit to…
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Vodafone appoints new CMO
Vodafone Ghana has appointed Agnes Emefa Essah as its new Chief Marketing Officer. Her appointment took effect from the 2nd of July, 2014. Agnes Emefa Essah takes over from Uche Ofodile who resigned from that position last month. Agnes Emefa Essah holds a Masters in Business Administration from the University of Ghana Business School and has…
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British Airways passengers to enjoy on-board WiFi soon
Travelers on British Airways would soon enjoy additional luxury, as the airline looks at having internet connectivity on-board. Passengers can now be on top of their emails, social media and even stream live TV up in the sky. The project which is currently on trial gives passengers access to on-board WiFi which is compatible to most mobile electronic devices. Currently…
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HFC named best midyear stock
Indigenous bank, HFC was the best performing stock on the Ghana Stock Exchange (GSE) for the first half of this year. The Ghana Stock Exchange returned about 10 percent from the beginning of the year to midyear. This is not as impressive as last year, as the market returned about 50 percent for the same…