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Business

Labour cases stuck at NLC as no Commission is formed

Labour adjudicating cases pending at the National Labour Commission (NLC), are expected to delay a little longer until a complete Commission is formed. Citi Business News understands the issue comes four months after the expiration of the former Commission in October last year (2017). Officials of the NLC however tell Citi Business News they are hopeful of resolving the issue soon. The concerns ...

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Karpower relocates vessel to Takoradi 

Karpowership Ghana Company Limited has confirmed to Citi Business News plans to relocate its floating power plant from Tema to Takoradi. The Company further highlights its intentions to do so by the end of the second quarter of this year. Ahead of the relocation, the company has held various stakeholder meetings to sensitize stakeholders in the areas about the operations of Karpowership ...

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Petroleum Commission halts fast-paced contract approvals

The Petroleum Commission has warned that it will not approve any petroleum contract that does not fulfill the three months’ mandatory notice ahead of its implementation. The caution follows what the Commission describes as the abuse of the law by oil companies. According to the CEO of the Petroleum Commission, Egbert Faibille, the issue also prevents proper scrutiny of contracts. ...

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Kotoka workers protest appointment of new Deputy MD

Kotoka International Airport

The Kotoka International Airport branch of the Public Service Workers Union hoisted red flags at the Airport premises on Monday morning to protest the appointment of a new Deputy Managing Director for the Ghana Airport Company Limited. The new Deputy Managing Director, Yaw Kwakwah, is said to have sued the company in the past for wrongful termination of his appointment, ...

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Diversify to be competitive – MTN Executive to businesses

The acting Corporate Services Executive of MTN-Ghana, Pala Asiedu-Ofori, has urged emerging businesses in Ghana to diversify to enable them remain relevant in the competitive market. According to her, a well-managed diversity in every sector brings about innovation, renewal, alternatives, and gives more opportunities than operating as a single entity. Speaking at this year’s springboard show in Kumasi at the ...

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Opponents of CTN demand strict monitoring at ports

Business associations want custom authorities to be tough and avert any lapses in the clearing process at the ports. They argue that the inability to implement existing laws have partly accounted for the losses hence must be checked. The comment comes after the suspension of the Cargo Tracking Notes (CTN) last Friday, February 16, 2018. Obviously pleased with the decision by the ...

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Karpowership engages stakeholders at Sekondi-Takoradi

Karpowership Ghana Company Limited has held a series of stakeholder engagements with various community groups within the Sekondi-Takoradi Municipality to sensitise them on its operations. The Corporate Communications Specialist of Karpowership Ghana, Miss Sandra Amarquaye, said the engagement was in line with the Company’s principle of having transparent, trustworthy and sustainable relationship with its stakeholders. “The engagement is to ensure ...

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TOR targets full production by year end

The Tema Oil Refinery (TOR) is hoping to restore the burnt furnace at the plant, to increase its production to full capacity, by the end of this year – 2018. This is to improve the profitability of the oil refinery to be competitive in the industry. The Managing Director of TOR, Isaac Osei disclosed this plan to Citi Business News following concerns ...

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Cancelling AMERI deal could cause judgement debt – Mutawakilu

The Minority Spokesperson on Mines and Energy, Adam Mutawakilu has warned that Ghana risks facing a significant judgement debt if the controversial AMERI power deal is cancelled. His comment comes in the wake of calls for the special committee, set up six months ago to investigate the deal, to present its report to Parliament. Mr. Mutawakilu, claimed that the  Committee ...

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AquaVenture Holdings acquires Teshie desalination plant

American water services company, AquaVenture Holdings, has acquired a majority stake in the Teshie Desalination Plant. Abengoa, operators of the plant signed an agreement with AquaVenture Holdings to transfer 56 percent of its shares in the plant, worth about 26 million dollars. The Teshie Desalination Plant was shut down in 2017 for a renegotiation of the contract with government, which is believed ...

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