Business

Delta Named Most On-Time North American Airline
24 Jan

Delta Named Most On-Time North American Airline

CUD WontumiBusiness
Delta retained its status as North America’s most on-time airline in 2024 and its people earned the Platinum Award for Operational Excellence from Cirium for the fourth consecutive year. Cirium's Platinum Award is presented to airlines that deliver outstanding on-time performance while navigating complex operations — all while limiting the impact of disruption to its customers. Airline’s reputation The recognition underscores the airline’s reputation for and commitment to reliability as it kicks off its centennial year. “It’s an honour to have Cirium once again recognise the hard work and operational excellence of Delta people. “Safe, consistent operational excellence is the…
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Crucial MPC Meeting Begins Today — Policy Rate To Dominate Discussions
24 Jan

Crucial MPC Meeting Begins Today — Policy Rate To Dominate Discussions

CUD WontumiBusiness
The Monetary Policy Committee (MPC) of the Bank of Ghana will begin its first meeting for the year today, to consider developments in the global economy, domestic economic conditions and deliberate on the appropriate monetary policy stance. With the policy rate at 27 per cent and inflation closing the year at 23.8 per cent as against an end-year target of 15 per cent and 18 per cent set by the government and the BoG respectively, the determinants of the benchmark interest rate are expected to dominate discussions at the meeting. Giving its reasons for maintaining the policy rate at 27…
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Increase Betting Tax To Make It Effective – GNCCI Boss
24 Jan

Increase Betting Tax To Make It Effective – GNCCI Boss

CUD WontumiBusiness
The CEO of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu Aboagye, has argued that the current betting tax rate is ineffective in curbing gambling activities in the country. Speaking on Joy News’ PM Express Business Edition on Thursday, January 23, he stated that the government should consider increasing the tax if it truly aims to deter people from betting. “If you want it [betting tax] to be effective, you rather have to increase it. Otherwise, it is totally a waste,” Mr. Aboagye stressed. According to him, the current 10 percent tax rate is insufficient and will not discourage…
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PUWU Rejects ECG Privatisation, Refutes Allegations Of Staff Misconduct
23 Jan

PUWU Rejects ECG Privatisation, Refutes Allegations Of Staff Misconduct

CUD WontumiBusiness,
The Public Utility Workers' Union (PUWU) of the Trade Union Congress (TUC) has reiterated its opposition to the privatisation or diversification of the Electricity Company of Ghana (ECG) in any form. This stance was reaffirmed in response to recent allegations made by the Executive Director of the African Centre for Energy Policy (ACEP), Mr. Ben Boakye. Mr. Boakye had accused workers and staff of ECG of being involved in illegal connections and other clandestine activities that tarnish the reputation of ECG and result in financial losses. However, Mr. Timothy Nyame, General Secretary of PUWU, vehemently denied these allegations, stating that…
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The ‘Galamsey’ Menace: A Ticking Time Bomb
23 Jan

The ‘Galamsey’ Menace: A Ticking Time Bomb

CUD WontumiBusiness
The recent attack on AngloGold Ashanti's concession by armed illegal miners, resulting in the death of seven people is a stark reminder of the galamsey menace that has plagued Ghana's mining industry for years. This brazen attack was not an isolated incident. The company had repeatedly complained about the encroachment of illegal miners on its concession, who bore arms and threatened workers. It reminds us of a similar attack on February 8, 2016, which led to the death of the company’s Communications Director, John Owusu. The Obuasi mine, in particular, has been a hotbed of galamsey activity, with armed miners…
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Social Media Giant Meta Offered TikTokers $5,000 To Join Facebook And Instagram
23 Jan

Social Media Giant Meta Offered TikTokers $5,000 To Join Facebook And Instagram

CUD WontumiBusiness, ,
Social media giant Meta has offered to pay up to $5,000 (£4,040) to popular creators in the United States who join Facebook and Instagram. It says those joining from "third-party social apps" will get cash based on "an evaluation of your social presence". Though it does not mention TikTok by name, the timing would suggest Meta is attempting to capitalise on the uncertainty surrounding its rival, as questions swirl about whether President Trump can find a way of preserving it for US users. TikTok says it has 170 million users in the US - with many of them relying on…
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Following The Tragic Death Of Nine Individuals In Obuasi Due To A Clash Between The Ghana Armed Forces And Some Youth, Prophet Ajagurajah
23 Jan

Following The Tragic Death Of Nine Individuals In Obuasi Due To A Clash Between The Ghana Armed Forces And Some Youth, Prophet Ajagurajah

CUD WontumiBusiness
Cassius Mining Ltd. has contested the appointment of Professor Richard Oppong as Ghana’s arbitrator in an ongoing international arbitration case. The case involves claims of approximately $277 million in damages for alleged breaches of contract and statute by the Government of Ghana. According to a report by Daily Graphic, the challenge, filed on October 23, 2024, was based on concerns regarding Professor Oppong’s independence and impartiality. The report stated that the grounds for the challenge were that Prof. Oppong had been nominated to the Supreme Court of Ghana and failed to disclose this nomination, raising “reasonable doubts” about his impartiality.…
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Ghana Tourism Authority CEO Resigns, Hands Over Leadership
22 Jan

Ghana Tourism Authority CEO Resigns, Hands Over Leadership

CUD WontumiBusiness
The Chief Executive Officer (CEO) of the Ghana Tourism Authority, Akwasi Agyeman, has resigned from his position, marking the end of an era that saw significant growth and development in Ghana's tourism sector. During his tenure, which began in January 2017, Mr. Agyeman led the GTA through a remarkable recovery period, navigating the challenges of the COVID-19 pandemic and emerging stronger than ever. Under his leadership, international arrivals rebounded impressively, jumping from 355,108 in 2020 to 1,148,002 in 2023, surpassing pre-pandemic levels. Domestic tourism also flourished, with visitor numbers increasing from 456,000 in 2017 to 1.4 million in 2023. Mr.…
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Ghana Faces ‘Looming Crisis’ Over Illegal Mining As Gold Prices Surge – Al Jazeera Report
22 Jan

Ghana Faces ‘Looming Crisis’ Over Illegal Mining As Gold Prices Surge – Al Jazeera Report

CUD WontumiBusiness,
When activist Oliver Barker Vormawor saw reports in September that Ghana’s water agency would not be able to supply some parts of the country with water due to extreme contamination of main rivers from small-scale mining activities, he knew he had to do something. Later that month, Vormawor and dozens of other concerned Ghanaians took to the streets in the capital city, Accra, to protest against what they said was President Nana Akufo-Addo’s inaction to stop a “looming environmental catastrophe”. They were determined to put the matter on the ballot ahead of the hotly contested December general elections. But rather…
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Kenya Eases Travel Requirements For Nearly All African Visitors
22 Jan

Kenya Eases Travel Requirements For Nearly All African Visitors

CUD WontumiBusiness,
Kenya will allow citizens of nearly all African countries to visit without needing prior authorisation, according to a new directive by the cabinet. Last year, Kenya introduced a "visa-free" policy that required most visitors to apply online for authorisation before leaving their country. However the introduction of the Electronic Travel Authorisation (ETA), which replaced the visa requirement for all visitors, was criticised as a "visa under another name". On Tuesday, a cabinet statement said the ETA would be dropped for "all African countries except Somalia and Libya - due to security concerns". It said this was part of "efforts to…
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