Author: Ebenezer Afanyi Dadzie
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COVID-19: Bank of Africa to leverage on global presence and tech to serve customers
Executive Head Corporate and Enterprise Banking at Bank of Africa (BoA), Mr. William Boateng, has noted that the outbreak of the coronavirus pandemic is changing the dynamics of banking across the globe. He explained that the pandemic is ushering the banking system into a new era where bank and customers heavily rely on technology to…
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N/East Region: Watermelon farmers incur losses as processing factory remains uncompleted
Watermelon, one of the nutritious fruits grown in Ghana, is currently in abundance in parts of the country. Although that is good news for consumers, same cannot be said for farmers of the produce. In the North East Region for instance, where a chunk of the fruit is produced, farmers are worried, as they incur…
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![The Seafarer – An Unsung Hero [Article]](https://citibusinessnews.com/wp-content/uploads/2020/06/Maritime-Woman.jpg)
The Seafarer – An Unsung Hero [Article]
Quietly, largely unappreciated, and mostly overlooked, the global economy is kept afloat by a tireless professional workforce known as seafarers. As early as 4000 BC, humans employed the use of vessels to cart goods and people via the oceans which transcend nations and thus connecting us all. Today, from the cars we drive, the clothes…
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Suspended Schlumberger workers demand full severance package
Suspended workers of Schlumberger, an international oil and gas service provider operating in Ghana, are demanding full severance package as agreed in their 2016 Memorandum of Understanding (MOU). The Chairman of the Schlumberger Workers Union, Bright Kwabena Danquah, told Citi Business News the company last month gave letters to about 60 of its Ghanaian workers…
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Court of Appeal throws out Yaw Boakye again; FBN Bank, others not to pay rent to him
The legal wrangling surrounding a building belonging to the late Edward Osei Boakye of Boakye Mattress fame came up at the Court of Appeal Wednesday, June 24, with the court ruling in favour of the Estate of the late business magnate. One Yaw Boakye, who by virtue of a sub-lease from the Estate/Trustees, is in…
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GN License Case: Court dismisses BoG’s appeal, orders them to justify revocation
The Court of Appeal on Monday, June 22, 2020, dismissed an appeal by the Bank of Ghana, which challenged the jurisdiction of the High Court in hearing the suit filed by GN Savings and Loans over the revocation of its license. BoG had argued that the High Court has no jurisdiction to hear the complaint…
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UniBank collapse: Charges against Duffuor and others amended from 68 to 71
The State has amended its charges against the Founder of defunct Unibank, Dr. Kwabena Duffuor and some former executives over their alleged roles in the bank’s collapse. The one-time Central Bank Governor and Finance Minister, is standing trial with a former Deputy Governor of the Bank of Ghana, Johnson Asiama, and other former executives for…
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Capital Bank collapse: Ato Essien gets another chance to renegotiate payment plan
The Commercial Division of the High Court in Accra has given Founder of defunct Capital Bank, Ato Essien, another chance to negotiate with the State on charges brought against him for his alleged involvement in the collapse of the Bank. Ato Essien and three other former top executives of the collapsed entity; Fitzgerald Odonkor, Tetteh…
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GCAA loses 95% revenue due to Airport closure to International Passenger Service
The Ghana Civil Aviation Authority has told Citi Business News that it has lost almost 95% of its revenue due to the coronavirus induced ban on international passenger travel. The Director General of the GCAA, Simon Allotey, says they have also taken drastic measures such as pay cuts to remain in business. Ghana’s main Airport,…
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Chartered Institute of Marketing Ghana Bill passed after nearly 2 decades
The Chartered Institute of Marketing Ghana Bill 2019, has been passed by Parliament after nearly two decades of anticipation by marketers. It was passed on Thursday after the third reading in Parliament. The Bill, when finally assented to by the President, will mean that, CIMG will now have the requisite legal backing to set standards…