Tag: Ghana Business
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Fiber cuts a menace to telcos
Telecom operators are lamenting over the constant fiber cuts and power outage which they say is their biggest setback in the industry. According to the Telecom operators, although they are working to find a solution to the situation, they have so far been quite unsuccessful. Chief Commercial Officer of Tigo Ghana, Tara Squire in an…
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Tigo begins payment of ‘Tigo cash’ interests
Telecommunications Network, Tigo Ghana today commenced payment of interests on mobile money wallet to customers. According to Tigo, 65,000 customers have so far received interest on their Tigo Cash. A total of over GHc1.2million is expected to be paid to all Tigo Cash users by the end of the first and second quarter payment windows. Speaking…
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3 insurance companies to lose licenses over recapitalization – NIC
At least three insurance companies risk having their licenses revoked, over their failure to meet the recapitalization requirement, by the National Insurance Commission [NIC]. The Commissioner of Insurance at the NIC, Lydia Lariba Bawa who disclosed this to Citi Business News would however not mention the names of the affected companies. “Some will by all…
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3rd IMF tranche: Ghana presents data on energy sector
Government has disclosed it is working to present data on the country’s energy sector to the International Monetary Fund (IMF) which should lead to the release of the third tranche of the bailout funds. According to the Finance Ministry, the information has become necessary as the Fund considers the power sector as one of the…
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GCAA sets June 2017 to decouple air navigation services
The Civil Air Navigation Services Organization (CANSO) has called on the Ghana Civil Aviation Authority (GCAA) to decouple Ghana’s air navigation service unit from the authority. CANSO believes the move will ensure efficient cost-effective and customer – oriented air navigation services to airlines and other users. According to CANSO, GCAA’s responsibility as both a regulator…