Tag: Ghana Business News
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![Are bank customers in Ghana well informed about cost of credit? [Article]](https://citibusinessnews.com/wp-content/uploads/2016/05/bog-1.jpg)
Are bank customers in Ghana well informed about cost of credit? [Article]
In a series of articles, I will be sharing my views on how to educate bank customers in Ghana about the cost of credit in Ghana; ways banks can reduce non-performing loans, increase customer experience and proposals to reduce the cost of credit. These series of articles will be captured in six different articles as…
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GPHA suspends new tariffs indefinitely
The Ghana Ports and Harbours Authority (GPHA) has indefinitely put on hold its proposed review of charges at the ports. The GPHA says this is to address all concerns raised by the various stakeholders involved. The GPHA, last year announced its decision to review port tariffs on imports beginning January 2018. According to the GPHA,…
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ICU bemoans delay in forming new NLC commission
The Industrial and Commercial Workers’ Union (ICU) has bemoaned government’s delay in the formation of a new Commission at the National Labour Commission (NLC) to adjudicate labour issues in the country. According to the ICU, the situation has resulted in the piling of cases at the NLC. The issue is also cited to have partly…
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Stock market records 50% growth in 2017
Stock market analysts have predicted a positive growth of the Ghana Stock Exchange at least for the first quarter this year. The prediction follows a positive performance of the local bourse for last year. In 2017, the Ghana Stock Exchange witnessed an over 50 percent growth. Nineteen (19) out of the thirty eight (38) listed…
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Analysts demand clear job creation plans
Economic analysts have described government’s job creation agenda for this year as key to turn around the fortunes of the economy. They believe the move should also reduce the overdependence on imports with an increased production level. The Economists have however suggested some key steps to be taken for government to achieve this aim by the…
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KLM settles stranded passengers with €600 each
KLM has offered to give its passengers who were denied their flight due to overbooking, €600 each as compensation. The passengers, totaling sixteen (16), couldn’t embark on the scheduled flight from Accra to Amsterdam on Saturday, January 6, 2018. The stranded passengers earlier told Citi News that they were given 50 cedis as compensation upon their…
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SSNIT moves to clear ‘ghost’ pensioners from payroll
The Social Security and National Insurance Trust (SSNIT), has disclosed to Citi Business News that it will from next month stop paying claims to pensioners who have failed to undertake their biometric registration with the Trust. Per the move, pensioners 72 years and above will be considered as ‘ghosts’ hence will not be able to…
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OMCs maintain prices for first pricing window in January
Oil Marketing Companies (OMCs) have maintained their prices at the pumps for the first pricing window in January 2018. Checks by Citi Business News at some major oil marketing companies have shown that the prices of fuel were kept unchanged for the period spanning January 1, 2018 to January 15, 2018. A litre each of…
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Industries demand swift release of stimulus packages
The Ghana National Chamber of Commerce and Industry (GNCCI) has demanded swift action in releasing the stimulus packages announced by government to distressed businesses. Government as part of plans to improve the business environment in the country, in 2017, began processes to support businesses in distress through support packages. The Trade and Industry Ministry has announced…
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Government settles part of road debts
Road contractors who are owed monies by the government should expect to receive payment of some of their arrears today, Friday 5th January 2018. This is according to the National Chairman of the Association of Road Contractors, Daniel Agroh. Government has paid over one billion Ghana cedis within the past 11 months to road contractors…