The Public Utilities Regulatory Commission (PURC) has increased tariffs of Electricity and Water to 12.09 percent and 6.05 percent respectively for the second quarter of the year using the Automatic Adjustment Formula. The PURC has, however deferred the implementation date. The increase is supposed to take effect from April 1, 2014 but PURC says it ...

Rating agency Fitch Ratings has revised the outlook on Ghana’s long term foreign and local currency Issuer Default Ratings (IDR) to negative from stable and affirmed the ratings at ‘B’. The agency has also affirmed the Short-term foreign currency IDR at ‘B’ and Country Ceiling at ‘B’. The issue ratings on Ghana’s senior unsecured foreign ...

The National Pensioners Association (NPA) of the Social Security and National Insurance Trust (SSNIT) has announced the take-off of its flagship project, the Pensioners Medical Scheme, for its members. The General Secretary of the Association, Edward Ameyibor, said this at a press conference in Accra. He said by the introduction of the Scheme, its members ...

Producer Price Inflation (PPI) for February shot up to 27.1 percent. The rate indicates that between February 2013 and February 2014 (year-on-year) the PPI changed by 27.1 percent representing an increase of 3.8 percentage points in producer inflation relative to the rate recorded in January of this year. PPI recorded in January was 23.3%. Producer ...

The Minister of Tourism, Elizabeth Ofosu-Adjare has launched the 2014, Kwahu Paragliding Festival in Accra. This year’s paragliding festival, which is the 9th in the series, is slated to take place from April 18 to 22, 2014 at Atibea, Kwahu. Mrs Ofosu-Adjare said the festival, which coincides with the Easter festivities in Kwahu has given ...

The Minister of Transport, Dzifa Attivor, has revealed government is considering converting the National Road Safety Commission (NRSC) into an Authority (National Road Safety Authority) in order to empower it. She noted that with the conversion into an Authority, the outfit will be in a better position to handle issues relating to road safety by ...

The Ministry of Trade and Industry has announced the dissolution of the Board of Directors of the Ayensu Starch Company (ASCO) with immediate effect. A release signed by Mr Dawarnoba Baeka, Acting Chief Director of the Ministry said the dissolution had been necessitated by the need to give directives and take proactive decisions to make ...

The annual Citi FM Women’s Career forum, Just Women, came off on Thursday night at the National Theatre. The event was well attended by women from various career disciplines. The speakers – Estelle A. Sowah of Google Ghana, Ellen Hagan of L’aine Services, Ruka Sanusi of Alldens Lane and Dzigbordi Dosoo of Allure Africa – ...

Renowned Ghanaian investor and co-founder of Blue skies is calling for a total overhaul of the leasing act. According to Seth Dei, some provisions in the law stifle the expansion of leasing companies in Ghana. The Leasing act prohibits companies from entering transactions that are more than 25 percent of a company’s capital. Seth Dei ...

Two persons  were killed  while five others, including three children, were injured in an accident involving three cars between Akoti and Buduatta on the Winneba-Kasoa road. The dead were the driver of a KIA truck, suspected to be about 30 years old, and a driver’s mate on the same truck, about 25 years old. The ...

A Vodafone subscriber who feels defrauded and deceived by Millicom Ghana Limited, operators of tiGO, has commenced an action at the High Court against the company. The plaintiff, Mrs Phyllis Aidoo, is praying the court for a declaration that the porting of her Vodafone mobile number onto the tiGO network without her consent was wrongful ...

The Citi Sports team will be bringing the Barclays Premier League closer to home on Saturday in another installment of their Roadshows. The Champs Sports Bar and Grill will be the venue. Directions to Champs Sports Bar & Grill Arsenal v Manchester City (kickoff at 5:30pm) The big game Citi Sports will broadcast on the day. ...

President John Mahama has declared support for the proposal that the President, Vice President and public office holders pay tax to the state. According to the President the move is laudable and he fully supports it. ‘The President’s income, as President, is exempt from taxes and the Constitution Review Implementation Committee has made the recommendation ...

President John Mahama has arrived in Yamoussoukro, Ivory Coast for the 44th Ordinary Session of the ECOWAS Heads of State and government. The two-day summit which opens on Friday will see the heads of state discussing a wide range of issues related to greater integration, transformation and prosperity of the sub-Region. The meeting will also ...

Personnel from the National Fire Service have been able put out a fire at the Makola No.1 market in Accra. Citi FM’s Pearl Akanya said the firemen were unable to put out the fire when they arrived at the scene at 7am. She said they had to go back to refill their tanks to be ...

Career women with the intention to marry have been advised to carefully choose the right husbands if they want to succeed both at work and in their marriages. They have also been encouraged to dispel mindsets that seek to place them in a box that limits their potential as women. These were among several advices ...

An accused person, who is standing trial for robbery, on Monday threw the Accra Circuit Court into laughter when he told the court that he was not Jesus. “I am not called Jesus. I don’t know why the police decided to give me that name,” Hamza Sumaila told the court, presided over by Mr Francis ...

Chairman of the Niger­ian branch of the New Patri­otic Party (NPP), Kofi Atiemo-Gyan, has stressed the need for the leadership of the party to initiate talks with other opposition par­ties to wrest power from the ruling National Democratic Congress (NDC). Mr Atiemo-Gyan, a lawyer and president of the National Association of Ghanaian Communities in Nigeria ...

The Black Maidens have crashed out of the 2014 females U-17 World Cup in Costa Rica following a penalty shootout defeat to Italy in the quarter finals on Thursday night. Ghana momentarily kept their FIFA U-17 Women’s World Cup dreams alive when Ernestina Abambilascored in the 90th-minute to level the score at 2-2 and force Italy into penalties to ...