Consumer Rights Day: Telecom users to ditch poor service providers

March 15th of every year is celebrated as World Consumer Rights Day. The occasion is to demand that the rights of all consumers are respected and protected, and to protest against market abuses and social injustices which undermine those rights. As part of this year’s celebrations, Citi Business News has been finding out the level of satisfaction among consumers within the telecom industry and how such concerns ...

Read More »

Debt Audit Commission will only deepen bureaucracies – Govt

Dr. Mark Assibey-Yeboah

Government has described as a duplication of functions suggestions for the creation of a Debt Audit Commission to regulate the country’s borrowings and reduce its debt burden. Chairman of Parliament’s Finance Committee, Dr. Mark AssibeyYeboah explains that yielding to such requests will rather complicate the current issue as there already are institutions which have oversight responsibilities on all government’s borrowing ...

Read More »

Question Finance Ministry for 1,800 MASLOC cars, not me – Adwoa Safo

Minister of Procurement, Adwoa Safo

The Minister of State in charge of Procurement, Sarah Adwoa Safo, has denied her outfit’s involvement in the procurement of some 1,800 vehicles by the Micro Finance and Small Loans Centre [MASLOC]. According to her, she was not engaged in the process of procuring the said vehicles from Detrox Impex Company Limited, the company that allegedly sold the vehicles to ...

Read More »

Review application over $60m NIB judgment debt case dismissed

NIB bank

The Supreme Court has dismissed a review application seeking to overturn its own decision that quashed a $60 million judgment debt that the National Investment Bank (NIB), was to pay to Dominion Corporate Trustees Limited on the orders of an Accra High Court in 2013. According to the panel of seven justices of the Supreme Court, the review suit filed by ...

Read More »

Groupe Nduom to open Liaison Office in Washington DC

Groupe Nduom, a multinational Ghanaian company, has announced plans to open a Groupe Nduom (GN) Liaison Office in Washington DC, United States of America. President and Chairman of GN, Dr. Papa Kwesi Nduom, made this known while speaking at Ghana’s 61st Independence Anniversary Dinner in Washington DC, USA, at the weekend. The anniversary dinner was organised by the Council of ...

Read More »

MTN’s revenue jumps by 23.3%, GH₵9.3m recorded daily in 2017

Mobile network operator, MTN Ghana, has posted a 23.3% increase in revenue in 2017 compared to 2016. The company’s total revenue soared to GH₵3.4 billion in 2017, as against the GH₵2.77 billion revenue recorded in 2016. GH₵9.3m daily revenue The GH₵3.4 billion revenue divided by 365 days in the year translates into GH₵9.3m (GH₵9,315,068.49) daily revenue in 2017. This strong ...

Read More »

Ignore appetite for borrowing after rebasing economy – Osei Assibey

Some economists have impressed on government not to add unto the country’s debt even as it prepares to rebase the economy. Though they explain that the incentive to borrow more may be inevitable, the possibility that it will worsen the repayment burden, must be considered. The Ghana Statistical Service is hoping to complete the process of rebasing Ghana’s economy by ...

Read More »

Employee-background check is a must – Business risk specialist warns

Harry Baiden

Business entities that do not take the pain to conduct thorough background checks on potential employees face a considerable risk which could lead to dire consequences on their operations, business risk specialist Harry Baiden has said. In 2016, the Bank of Ghana stated that financial institutions reported about GH¢240 million in a number of fraud cases largely perpetuated by staff ...

Read More »

Poverty levels to widen over excessive borrowing – IFS

The Institute for Fiscal Studies (IFS) is predicting of a huge distortion to the provision of major infrastructural projects in the country should government fail to tackle the rising public debt stock. The IFS argues that the rising interest payment on the debt continues to drain financial resources allocated to the construction of critical infrastructure such as roads, railways and ...

Read More »

Use visa-on-arrival policy to attract African investors – Mahama

john dramani mahama opens arms

Former President John Dramani Mahama has advised African leaders to offer their fellow African nationals special protocol services in the form of visas-on-arrival in a bid to open up the continent for investments. According to him, this will remove the hustle African investors go through trying to access visas when they want to visit other parts of the continent. “I ...

Read More »