Author: Ebenezer Afanyi Dadzie
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Nigeria’s local airlines risk collapse as load factor declines
Exactly a week after commercial airlines resumed flight services on Lagos-Abuja route, local airlines are struggling to sustain operations and meet cost as load factor hovers around 40 per cent. The day-one optimism of about 70 per cent traffic across some of the local carriers has waned. Some of the operators complained about traveler apathy,…
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Blow for EU as Apple wins fight against $15 billion tax order
In its order four years ago, the European Commission said Apple benefited from illegal state aid via two Irish tax rulings that artificially reduced its tax burden for over two decades – to as low as 0.005% in 2014. “The General Court annuls the contested decision because the Commission did not succeed in showing to…
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South Africa inflation drops below target first time in 15 years
South Africa’s inflation rate dropped below the central bank’s target range for the first time in 15 year in May due to lower fuel prices Consumer prices rose 2.1% from a year earlier compared with 3% in April, the Pretoria-based Statistics South Africa said Wednesday in a statement on its website. That’s the lowest since…
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COVID-19: 236 local oil & gas workers rendered jobless; more to follow
Some 236 Ghanaian employees in the oil and gas sector have lost their jobs whereas others have taken pay cuts since May this year, due to the impact of the COVID-19 pandemic on global oil production. This is just a fraction of the about 2,000 Ghanaian employees in the sector, out of which nearly a…
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Union threatens resumption of strike over unpaid salaries to Metro Mass staff
Workers of state transport company, Metro Mass Transit Ltd., are still agitated over unpaid salary arrears barely two weeks after they called off a few days of sit-down strike following government’s assurance to pay them. The General Transport, Petroleum and Chemical Workers Union of the Trades Union Congress, which impressed upon the staff to resume…
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Okra Farmers in Atebubu lament low patronage; blame it on COVID-19
Okra farmers at Atebubu in the Atebubu-Amantin Municipality of the Bono East are blaming the low patronage they are recording on the impact of the COVID-19 disease in Ghana. The farmers, who are worried about the challenges they may face in paying back loans they contracted to boost production, are thus appealing to government for…
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IT Consortium receives enhanced Payment Service Provider license from BOG
The Bank of Ghana (BOG) has granted one of the country’s leading FinTech companies, IT Consortium Limited (ITC), an enhanced Payment Service Provider (PSP) license. The acquisition of the license, which is the highest license within the PSP category, follows the passage of the Payment Systems and Services Act, 2019 (Act 987) which creates an…
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Phoenix Property CEO urges individuals to invest in Real Estate sector in Tamale
The Chief Executive Officer (CEO) and Founder of Prime Phoenix Property Consult Limited (PPPC), Mr. Alexander Nsoh, has called on individuals to invest in the real estate industry in Tamale in the Northern Region. According to him, unlike other ventures, real estate is a secure investment avenue which has significant benefits. Mr. Nsoh said his…
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2.3 million Vodafone Ghana customers affected by fibre cuts this year – CEO
The Chief Executive Officer of Vodafone Ghana, Patricia Obo-Nai, has bemoaned the continuous destruction and theft of fibre and copper cables by construction companies and private citizens, which has affected 2.3 million of its customers so far this year. She expressed her frustration during the launch of Vodafone’s Fibre Infrastructure roll-out campaign. According to data…
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Cashew farmers in Bono and Bono East call for Gov’t support to boost production
Cashew farmers in the Bono and Bono East Regions have reiterated their call on government to support them to increase their yield and also regulate pricing to ensure fair trade. The farmers made the call when two thousand and fifty of them from 21 communities received bonus packages from Red River Foods Ghana Limited for…