Browsing all posts in Business.

Tigo Profits Drop on Poor Performance of African Markets

Millicom International Cellular SA, owners and operators of the Tigo mobile networks in Latin/Central/South America and Africa has reported that its 2012 first-quarter (Q1) profits fell by 13.1 per cent to US$159 million even though revenues rose by 8.4% to US$1.68 billion. The report attributed the dip in profits to diluted EBITDA margin to 44.2%, [...]

New pensions regime can check corruption – Prof. Adei

An economist and lecturer, Professor Stephen Adei, has said a well functioning pensions system is a crucial requirement in the country to correct the misery pensioners found themselves in. He said the appalling pension system we operated for a long time and the thought of retirement sometimes compelled public sector workers to be corrupt. Launching [...]

Workshop to review draft regulations for Ghana’s postal

Mr Haruna Iddrisu, Minister of Communication, has urged operators in the postal and courier services to adopt innovative ways and deploy Information Communication Technology (ICT) to help augment their business activities. He said the operators had no reason to declare themselves unprofitable because there were lots of avenues that they could take advantage of to [...]

Metro Mass Transit to increase fleet

The Metro Mass Transit Limited (MMT) would increase its fleet of buses to 1,000 by the end of the year to enable it reach the remotest towns and villages across the country. Currently, it has 830 buses plying 360 routes in all parts of the country. Speaking to the Ghana News Agency at the on-going [...]

DHL Express, Ecobank sign partnership agreement

Courier company DHL has signed a partnership agreement with Ecobank. Under the contractual agreement, DHL will service Ecobank and its affiliates globally, a statement from Ecobank copied to westerngh.com has said. The deal according to the statement “will improve Ecobank’s international logistics processes, thus increasing the efficiency of the bank’s operations and providing their customers [...]

1.4 million children die annually from poor sanitation, unsafe water

The entire world faces a very grim future, with its children being killed in hordes annually, as a result of increasingly poor and denigrating sanitation and the lack of access to good clean drinking water. Currently globally, 1.4 million children die every year from preventable diarrhoea and poor sanitation-related diseases alone. A new report released [...]

Mechanics abandon Takoradi Kokompe garages

  Many garages at the Light Industrial Area of Kokompe in Takoradi have relocated because of poor business brought about by poor road network and sanitation in the area. The Garages Association in the area has been losing most of its members because of the high cost of doing business in the area and this [...]

Jim Yong Kim: We can triumph over adversity

WASHINGTON, April 16, 2012 – Dr. Jim Yong Kim today released a statement in response to his selection by the World Bank’s Executive Directors as 12th President of the World Bank: I am honored to accept the Executive Directors decision to select me as the next President of the World Bank Group. I am delighted [...]

All set for 2nd Mobile World Ghana Telecom Awards

All is set for the 2nd Mobile World Ghana Telecom Awards slated for Friday April 20, 2012 at the Holiday Inn in Accra. The annual event, which recognises the achievements of companies in Ghana’s Telecom and ICT sector. There are 17 competitive awards, and four special awards at stake in the award scheme organised by [...]

Inflation moves up to 8.8% from 8.6% in March

Inflation for the month of March inched up marginally. It climbed to 8.8 percent from the 8.6 percent recorded in February. The monthly change for March was 1.2 percent. The food and non-alcoholic beverage group recorded a year on year inflation rate of 4.4 percent slightly up from 4.3 percent in February of this year. [...]