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Meet Ghana's historic all-female flight crew
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Meet Ghana's historic all-female flight crew


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The flight, OP 178; took off from Accra to Tamale with an all-female flight deck and cabin crew in operation.
Other members of the historic crew that aided trips of PassionAir's Bombardier Dash 8 Q400 were; First officer Shelia Njonjo, Lead cabin crew Judith Amoasi and Cabin crew Judith Boachie.


Source: GhanaWeb |
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Build robust cyber security systems


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He cautioned that "All the successes chalked up in the digitisation of banking systems would be eroded if adequate investments were not made for effective protection of the information technology and security infrastructure. In this regard, the bank has issued directives and guidelines such as the Cyber Security Directive that banks must meet on an ongoing basis to effectively manage cyber risk and fraud."
"We must all adapt to this"new normal" of working and going forward, Business Continuity Plans must focus on end-point and network security measures with robust user authentication protocols to minimise abuse of banks' systems.


Source: GhanaWeb |
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SEC warns public against investing in Wiseling Online Investment Company – Citi Business News
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SEC warns public against investing in Wiseling Online Investment Company – Citi Business News


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The Securities and Exchange Commission has cautioned the public against investing in Finland-based company operating in Ghana, Wiseling Online Investment Company.
"WISELING ONLINE INVESTMENT COMPANY is therefore not regulated by the SEC. The General Public is advised to be cautious with investing in unlicensed products. The General and investing Public is further advised to consult the SEC through its toll-free line number 0800100065 or main line number 0302768970-2 to confirm the licensing status of any firm offering products or services relating to investments in the Capital Market," SEC said in a statement.
Wiseling becomes the second company illegally engaged in capital market activities after CHY Mall which SEC has warned the public against.


Source: CitiNewsRoom |
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Why Fan Milk posted its worst ever earnings in 2020
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Why Fan Milk posted its worst ever earnings in 2020


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Fan Milk's overall revenue for 2020 dropped by 12.0 percent year on year to GH¢373.
Profit before tax slumped by 97.9 percent year on year to GH¢0.80 million while profit after tax went down by 97.6 percent year on year to GH¢0.60 million in 2020.


Source: GhanaWeb |
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Traders call on Enterprise Ministry to adopt policies that capture their needs


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"We pay taxes and they promise us good markets and a whole lot yet we don't see any improvement, we are still in square one. Every morning we pay taxes to the tax collectors, the leaders of the market will punish you if you don't pay but still, we don't see any development" Bridget Quaye one of the traders at the Kaneshie Market in Accra told GhanaWeb.
The Enterprise Ministry is a newly established government institution that will ensure that trade activities in the country are conducted smoothly according to law and also integrate the private and government sectors to grow the economy of the country.


Source: GhanaWeb |
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Stakeholders call for efficient use of fishing technologies in Ghana – Citi Business News
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Stakeholders call for efficient use of fishing technologies in Ghana – Citi Business News


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According to them, there's the need for sustainable management of the country's ecosystem as well as the improvement of the livelihoods of people living in and around communities in the wetlands and the promotion of efficient fishing technologies amongst Ghana's fish processors.
Speaking to Citi Business News on the sidelines of a workshop on the social protection coverage and financial inclusion amongst Ghanaian fisher folk, Director of CERATH Development Organisation, CDO, Paa Kofi Osei-Owusu, noted that the importance of small-scale fisheries to the food and nutrition security and the livelihoods of many people within the coastal areas cannot be overemphasized.
"As an organisation, we found out that, there is something that is missing within the fishing communities and one of them particularly, has to do with the adoption of improved technologies to reduce our cost of processing. So, mindful of that, we looked at a holistic approach where first and foremost there is an advocacy component. There is also a component on improved fish smoking technology and also social protection."


Source: CitiNewsRoom |
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Ghanaians make up 98% of employees in mining sector – Mining Chamber – Citi Business News
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Ghanaians make up 98% of employees in mining sector – Mining Chamber – Citi Business News


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Speaking to Citi Business News, CEO of the Chamber, Dr Sulemanu Koney, said his outfit will continue to explore other avenues to increase the number of Ghanaians engaged in the mining sector.
"So it's good news for us. We will continue to actually push the envelope to ensure that we continue to have a lot more Ghanaians employed within the mining industry. If you look at the helm of most of our member companies, you will see Ghanaians actually occupying top positions there now regarding the future of the mining industry and the chamber of mines as illustrated we continue to be responsible and business association we aspire to work with government and various state holders to ensure that we get the benefit from the mining industry with respect across various stakeholders".
The first offices of the West Africa Chamber of Mines, which gave birth to the Ghana Chamber of Mines, were set up in 1903 with the principal objective of advancing and protecting the mining interests of the shareholders.


Source: CitiNewsRoom |
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Local Bourse commences week flat while trades rebound
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Local Bourse commences week flat while trades rebound


Summary short_text

The GSE Financial Index recorded no gains or losses, closing at 1,873.31 with a year-to-date return of 5.08% while the SAS Manufacturing Index remained unaffected at 1,619.23 with a year-to-date return of -4.83%. Trading activity rebounded as 3,329,979 shares valued at GH¢2,802,839 changed hands from 28,244 shares valued at GH¢34,924 in the previous session.
MTN Ghana dominated trades by volumes and value, accounting for 52.01% of the total volumes traded and 49.44% of the total value traded.


Source: GhanaWeb |
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Ghana National Fishermen Council backs Hawa Koomson for Fisheries Minister job – Citi Business News
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Ghana National Fishermen Council backs Hawa Koomson for Fisheries Minister job – Citi Business News


Summary short_text

The Ghana National Fishermen Council, has backed the nomination of Minister-designate for Fisheries and Aquaculture Development, Hon.
Mavis Hawa Koomson following the media uproar that greeted her recent vetting in Parliament.
Mavis Hawa Koomson, MP for Awutu Senya East, took her turn before the Appointments Committee of Parliament to be vetted.


Source: CitiNewsRoom |
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Business owners urged to make investments in digital technology
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Business owners urged to make investments in digital technology


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Mr Acquah gave the advice at a day's scholarship training organised by the CGIA Institute for selected Business and Financial Journalists drawn from the various media spectrum across Ghana.
"It's our commitment and quest, to continue this engagement with the media on finance, business and investment-related reporting and analysis", he announced.


Source: GhanaWeb |
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Kaneshie traders appeal to government
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Kaneshie traders appeal to government


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The traders explained that the pandemic had negatively impacted their business and trading activities making it difficult to make profits.
"Some of the traders have to even close their shops due to the inability to pay back the loans they took from the banks, they have been home for some time now, we are begging the government to make the system soft for us so we can get the loans that have a low-interest rate," they added.


Source: GhanaWeb |
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Ghanaian owned Montgomery Residences and Silicon Accra win at International Property Awards – Citi Business News
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Ghanaian owned Montgomery Residences and Silicon Accra win at International Property Awards – Citi Business News


Summary short_text

Twelve Springs Investment Group, owners of Montgomery Residences and the Silicon Accra project competed against the best real estate developers across the African region.
"It is an honour and privilege to receive these awards for Silicon Accra and Montgomery Residences which is the residential part of the Silicon Accra Project."
Montgomery Residences is the residential golf estate within the Silicon Accra Technology Park Project.


Source: CitiNewsRoom |
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Why invest on the Ghana Stock market
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Why invest on the Ghana Stock market


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So why invest in stocks and on the stock market? The answer is: why not! Trading on the stock market thrives on timely and accurate information.
A stock with good fundamentals may plummet in price but the price will likely rise to mirror the expectation investors have of that stock going forward.


Source: GhanaWeb |
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Coronavirus pandemic still threatening the growth of banking sector
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Coronavirus pandemic still threatening the growth of banking sector


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The Governor explained that in spite of the resilience of the banking industry, the aforementioned risks posed a challenge to the banking industry.
"The Bank of Ghana expects all banks to build robust systems to forestall such cyber security incidences. All the successes chalked in the digitisation of banking systems would be eroded if adequate investments are not made for effective protection of the information technology and security infrastructure," Dr Addison said.


Source: GhanaWeb |
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Bitcoin plummets as doubts grow over sky-high valuation


Summary short_text

A $1.5 billion investment by electric carmaker Tesla this month has helped vault bitcoin above $50,000 but may now lead to pressure on the company's stock price as it has become sensitive to movements in bitcoin.
LEVERAGED LOSSES. Rising government bond yields over recent days have hit riskier assets in traditional markets, with the caution spilling over into highly leveraged bitcoin markets, said Richard Galvin of crypto fund Digital Asset Capital Management.


Source: GhanaWeb |
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Coronavirus: Oil prices rise on positive forecasts
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Coronavirus: Oil prices rise on positive forecasts


Summary short_text

"Vaccine news is helping oil, as the likely removal of mobility restrictions over the coming months on the back of vaccine rollouts should further boost the oil demand and price recovery," said UBS oil analyst Giovanni Staunovo.
Commerzbank analyst Eugen Weinberg said optimistic oil price forecasts issued by leading U.S. brokers had also contributed to the latest upswing in prices.


Source: GhanaWeb |
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WhatsApp explains what happens if you don't accept its new privacy policy


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Starting May 15th, WhatsApp's functionality will become more limited.
Messages between individuals on WhatsApp are end-to-end encrypted, so only their recipients can see their contents.


Source: GhanaWeb |
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Having an African as a boss at WTO won't solve AfCFTA problems
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Having an African as a boss at WTO won't solve AfCFTA problems


Summary short_text

She stated that AfCFTA is confined in the laws of the WTO and having an African as the boss will not change the tariffs and trade laws for the subscribed countries under it.
"Having an African as the Director-General of the WTO won't necessarily have an impact on the African Continental Free Trade Area. Countries that are party to the WTO have subscribed to the WTO law which is the general agreement on tariffs and trade. And article 24 of that law covers free trade and regional agreements. So the AfCFTA has been designed in such a way that it is in accordance with the WTO law. So the entire AfCFTA agreement is restricted within the laws of the WTO. So, an African being at the top doesn't necessarily affect the AfCFTA." She said.


Source: GhanaWeb |
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Drivers abort plan to increase transport fares
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Drivers abort plan to increase transport fares


Summary short_text

The drivers said they took the decision following the increase in Driver and Vehicle Licensing Authority service charges, increase in prices of spare parts and lubricants.
"We have suspended it after a meeting with other transport unions. We know the transport business had been plagued by the virus and after some consultation, we issued no0tive to our drivers not to increase", he explained.


Source: GhanaWeb |
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Sipping wine in a pandemic – Citi Business News
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Sipping wine in a pandemic – Citi Business News


Summary short_text

As part of efforts to still get South Africa's wine industry to grow in important markets like Ghana, Wines of South Africa, one of the lead exporters of all South African wine, has brought together stakeholders in the industry to wine and dine while socializing with each other.
Ghana's Ambassador of Tourism, Arts & Culture to South Africa, Matthew Mensah, also in an interaction with Citi Business News explained that, "We are busy promoting Ghana outside for people to know that you can come to Ghana."
The event was graced by media personalities such as Citi FM/TV's AJ Sarpong, Kafui Dey, Kwesi Kyei Darkwa, wine experts such as Kodjo Adovor and wine suppliers in Ghana and South Africa.


Source: CitiNewsRoom |
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