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Tuesday 21 May 2013

2013-05-19

[B] Fiaseman Rural bank declares 1,828,387.00 cedis as net profit
[B] EDAIF can boost agricultural productivity to GDP- Board Member

2013-05-13

[B] Gov't pins hopes on capital market

2013-05-10

[B] NIC to get tough on uninsured commercial property owners

2013-05-08

[B] MTN commands 65% of data market in Ghana

2013-05-06

[B] Effutu To Get Oil Refinery

2013-05-01

[B] Prestea Comes Alive…As Underground Mines Open

2013-04-20

[B] UT Bank launches Bank on Wheels

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[B] Remove fuel subsidies now - IMF tells Gov't  

2013-04-12

[B] Market premium not negotiable - White Paper

2013-04-09

[B] Offshore oil discovery affecting maritime security dynamics - Navy

2013-04-08

[B] Inflation will return to single digit by June – BoG
[B] Local airlines resume full capacity operations to Kumasi

2013-04-07

[B] Mining sector gives Ghana US$2 billion annually

2013-04-05

[B] Ghana to mine diamond in Zimbabwe

2013-04-04

[B] PEF now Private Enterprise Federation
[B] Tullow Oil downplays worries over possible damages to wells   

2013-03-28

[B] World Bank provides support for developmental gov’t programmes
[B] Sea water to be purified for Takoradi residents   

2013-03-22

[B] Tullow Oil apologizes to Ugandan President over false allegations
[B] GNAT bank can compete – Banking Consultant  
[B] Improving energy capacity is a must - Hannah Tetteh   

2013-03-21

[B] Barclays Bank Ghana MD resigns
[B] Tullow signs 5-year deal with FMC Technologies

2013-03-12

[B] 9% deficit reduction is not ambitious – Dr. Kwakye
[B] Access Bank temporarily closes Ring Road

2013-02-28

[B] 2013 Budget to be presented to parliament on March 5
[B] Employers Association decries high cost and access to credit
[B] Statement: GGBL launches new true Ghanaian beer, Ruut Extra

2013-02-27

[B] Gov’t is scheming to sell TOR - Minority  

2013-02-26

[B] Credit Union Bill anticipated to be passed this year
[B] British Airways is very committed to Ghana - James Wooldridge
[B] Lufthansa awarded 5-Star rating for its First Class product
[B] TOR boss, Energy Minister, make contradictory statements on TOR debt

2013-02-25

[B] Retrieve redundant radio frequency licences Communications Minister tells NCA
[B] Ghana must ensure transparency in management of oil revenue - Okonjo-Iweala

2013-02-20

[B] Menergy International Unhappy

2013-02-18

[B] Trade records $4.2 billion deficit  
[B] Single Spine, Cedi shock economy
[B] EuroStar Global Limousine unveils top range luxury Limosines for rental services
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Business

[ 2012-04-23 ]

George Andah is the Chief Operating Officer of Glo Mobile Ghana

NCA fines Glo Mobile $200,000 for failing to launch
Glo Mobile Ghana has been sanctioned to pay an
amount of $200,000 for its failure to launch on
the stipulated date of April 20, 2012.

The sanction was confirmed by the Communications
Minister Haruna Iddrisu, who said: “Glo has no
justification not to launch onto the Ghanaian
market.”

He added: “The Ghanaian subscribers and consumers
anticipating their service can no longer wait.”

The regulator, the National Communications
Authority (NCA), gave Glo Ghana up to the end of
April to launch or face sanctions ranging from
payment of a fine to the withdrawal of its
license.

Mr. Iddrisu said Glo Mobile had initially
expressed some concerns which they said were
hindering them from launching, but Mr. Haruna
indicated that “they were required to roll out in
at least six regions of Ghana and to be fair to
them there were some initial hitches to which
government in itself through its actions
contributed, we resolved those issues and Glo has
no justification for not launching.”

Glo Mobile Ghana, a subsidiary of Globacom
International - a Nigerian-based telecom giant is
the sixth mobile operator, licensed to operate in
Ghana but has continually postponed the launch of
its operations for almost five years now.

Glo earlier this year launched its number
reservation facility which enables the public to
reserve their numbers on the 023-3 number series
on the Glo Mobile Ghana Network.

Speaking on Joy FM on Monday, the Communications
Minister said: “Government accordingly licensed
the sixth mobile operator as part of government’s
quest to deepen competition in the
telecommunication industry. It thus appears that
Glo Mobile is unable to meet some requirements
which was part of the Glo Mobile cellular license
framework.

“Spectrum space is an asset of the State so
accordingly I can confirm to you that the NCA has
issued a sanction that Glo Mobile will be required
to pay US$ 200, 000 or its equivalent in cedis for
failing to provide service at least to six regions
within the first three years that they got their
license.”

He added: “They assured to roll out April 20. They
must take Ghanaian subscribers serious and we need
their service to expand access to telecom.
Investors must respect the laws of our country. We
have been hesitant to have gone this far, but we
ultimately must ensure that we deepen competition
as we pledged.”


Source - Citifmonline



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