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Volume: 6
Issue No: 38

Business Headlines


Re-Denomination of the Cedi
BOG Embarks on Sensitization Campaign

THE BANK of Ghana (BoG) has organized a day’s workshop for personnel of the Security Services as part of the ongoing educational campaign to sensitize them on the re- denomination of the cedi.
Posted on: Friday, June 08, 2007 | Read 245 times

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G8 Summit 2007, Ends Today
The 33rd G8 Summit which opened at Kempinski Grand Hotel in Heiligendamm in the old Duchy of Mecklenburg in the Northern Germany State of Mecklenburg- Western Pomerania on the Baltic Coast, on June 6 is expected to end today.
Posted on: Friday, June 08, 2007 | Read 239 times

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Stanbic Welcomes Africa’s First Financial News Service (CNBC)
AFRICA’S LARGEST retail bank, Stanbic Bank has welcomed the launch of the business television channel CNBC, saying Africa will significantly improve the conditions of doing business on the continent and subsequently contribute towards building more vibrant African economies.
Posted on: Friday, June 08, 2007 | Read 255 times

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Coca Cola Controls 95% Market Share of Carbonated Soft Drinks
The General Manager and Chief Operating Officer of the Coca Cola Bottling Company of Ghana Limited, CCBCLG, Mr. Segun Ogunsanya has disclosed that Coca Cola controls 95 percent of the market share of carbonated soft drinks in the country. He said in spite of this they are not getting complacent but rather working hard to satisfy its customers.
Posted on: Wednesday, June 13, 2007 | Read 270 times

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Ghana’s Currency Regime not Supportive of Business Transactions
The Governor of the Bank of Ghana, Dr. Paul Acquah, has observed that in spite of the steady progress the economy has made over these past years, especially on price and currency stability which have had positive responses of the economy to both policy and structural reforms, “we still live in a regime in which prices continue to carry the effects of long periods of inflation”.
Posted on: Monday, June 11, 2007 | Read 2941 times

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La Community Bank Makes Progress in Deposit Mobilization
The Business Development Plan of the La Community Bank Limited (LCB) in respect of deposit mobilization has yielded favourable results, the Bank’s annual report for the financial year ending December 31, 2006 has revealed.
Posted on: Monday, June 11, 2007 | Read 2870 times

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Kenya Airways makes payment to families of crash victims
KENYA AIRWAYS has disbursed interim payments on a without prejudice basis to the affected families of the plane crush to ease some of the financial pressure that the families might be facing.
Posted on: Friday, June 01, 2007 | Read 444 times

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CITI FM Write Away Contest Launched
The 2nd edition of the Write Away Contest, a writing competition for pupils and students within the age bracket of 10 to 14 years has been launched at the Mary Mother of Good Counsel School. Performing the launch Sister Paula, Principal of the school commended Citi 97.3 FM for keeping to its word by successfully flying last year’s three winners and their chaperon to Amsterdam.?


Posted on: Friday, June 01, 2007 | Read 282 times

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Emirates’ Hotel-For-Free Offer
First, Business Class passengers can avail free stay in Dubai

In line with Emirates' continued efforts to promote Dubai as a world- class tourist destination and in view of its sponsorship of the Dubai Summer Surprises, the airline is offering First and Business Class passengers flying to or via Dubai special super value packages from June 15 to August 31.
Posted on: Friday, June 01, 2007 | Read 280 times

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Emirates Steps up Operations to Rainbow Nations
Relations between the UAE and South Africa are set to strengthen with prospects of increased economic and trade activity, as Dubai-based carrier, Emirates, adds four additional flights to its existing double-daily Johannesburg service, starting June 1.


Posted on: Wednesday, May 30, 2007 | Read 263 times

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The Credit Reporting Bill is Now Law
The Credit Reporting Bill received Presidential Assent on April 27, 2007 after its passage by Parliament. The purpose of the Credit Reporting Act (Act 726) is to provide a legal and regulatory framework for credit reporting in Ghana.
Posted on: Monday, May 28, 2007 | Read 297 times

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Game Stores Officially Opens In Accra
Africa’s first discount retailer of household goods and general merchandise and one of 81 on the African continent, Game Stores, has officially opened its Ghana outlet in the Accra Mall on Spintex Road, Tetteh-Quarshie Circle.


Posted on: Monday, May 28, 2007 | Read 395 times

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