Category: Government
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Prices of fuel exceed 5 cedis per litre mark—IES
Consumers should brace themselves to pay more for fuel at the various pumps as the price exceeds 5 cedis per litre. This is according to the Institute of Energy Security (IES). The IES says the increment in price of fuel is occasioned by the 6.33% rise in average Brent crude price, as well as a…
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Global cocoa surplus of 71,000 T seen in 2018/19 – Informa
A global cocoa surplus is expected in the 2018/19 season, Informa’s Agribusiness intelligence said on Thursday, with record production driven by favourable weather in West Africa. Global cocoa production was seen hitting a record high of 4.85 million tonnes, leading to a surplus of 71,000 tonnes for the October/September season, it said in a report.…
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![Scrap dealers in Accra call for government support [Audio report]](https://citibusinessnews.com/wp-content/uploads/2019/03/scrap-1-1.jpg)
Scrap dealers in Accra call for government support [Audio report]
The business of scrap dealing has been in existence for over 30 years in Ghana. Its viability is dependent on the activities of agents who go round collecting scrap material and sell it to companies. On an average a scrap dealer can make between twenty and fifty cedis a day in Accra with all the…
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Airlines to pay $5 more for using KIA Terminal 3 counters
Effective today [March 1,2019], Airline companies using the Terminal Three facility at the Kotoka International Airport will pay 5 dollars per hour for using the counters at the facility. The new fee which is known as the Check-in Counter fee, was disclosed in a letter which was sent by the Ghana Airport Company to the…
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Defunct Heritage bank workers asked to go home
The Receiver of defunct Heritage Bank, Vish Ashiagbor has directed that all branches of the bank across the country should cease operations except the Tema Community 1, and Suame – Kumasi branches. A letter by Vish Ashiagbor sighted by Citi Business News said “Consolidated Bank Ghana will cease to operate the former branches of Heritage…
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Return ECG to profit making or face exit –Energy Minister to PDS
The Minister for Energy, John Peter Amewu has strongly indicated that government will waste no time in reassuming the operations of the Electricity Company of Ghana (ECG) if the new managers, Power Distribution Services (PDS) fail to meet their key performance indicators. PDS is taking over the management and operations of the ECG after meralco…
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RGD cautions public against fraudsters purporting to be working for it
The Registrar General’s Department (RGD) has cautioned the public against persons who extort money from owners of companies to settle penalties in the name of the department. The RGD says it has not authorized any group of persons or individuals to make such request on the behalf of the department. They are therefore calling on…
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Good news for defunct DKM customers yet to receive funds
The Registrar-General, the Official Liquidator for defunct Diamond Microfinance Limited, DKM, has asked depositors to collect their payments from selected GCB Bank branches by May 31, 2019 or forfeit their monies. In a public notice, the Liquidator said depositors who filed cases in court against DKM and wish to withdraw the case can also do…
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GPHA, GMA boost local participation in $3 trillion ocean supply chain economy
Director General of the Ghana Ports and Harbours Authority (GPHA), Michael Luguje, has disclosed that a national supply chain management skills development and awareness campaign is needed in order to drive local growth and participation in the ocean economy. Through a corporate citizenry partnership with Professor Douglas Boateng, GPHA and the Ghana Maritime Authority (GMA)…
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PDS takes over ECG today after initial postponement
The Electricity Company of Ghana will be handing over operations of the company to Power Distribution Services (PDS) later today. By this, PDS will be the new owners and directors of the company. The scheduled takeover which was to have occurred on 1st February was postponed by the Millennium Development Authority (MIDA) due to certain…