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Saturday 04 May 2024

2021-03-19

[B] ARB Apex Bank admitted to Ghana-Sweden Chamber of Commerce

2021-03-17

[B] NDPC holds consultation medium term framework for 2022-2025 in Oti
[B] More investments recorded in Western Region despite COVID-19
[B] Budget cuts for legislature, judiciary won’t be entertained – Speaker

2021-03-16

[B] Pursue demands through negotiation, arbitration – Telcos told
[B] Don’t approve new fuel levies – COPEC to MPs
[B] There’s no justification for newly proposed petroleum taxes – Wereko-Brobby

2021-03-15

[B] Ghana prepares to issue $5 billion Eurobond
[B] There’ll be ‘bitter hardship’ for Ghanaians because of 2021 budget – Forson

2021-03-14

[B] 2021 budget designed to lift Ghana out of challenges imposed by COVID – Alan
[B] I’ll support Agyapa deal 2,000% – MP Egyapa Mercer
[B] Notorious Wa thieves transporting pregnant goats involved in accident
[B] Ghana risks losing €258m earmarked for the 2nd phase of Kejetia market
[B] FDA calls on media to help flush out unregistered products from market
[B] Govt provides Ghs 42.8 million in operations and payroll support to STC et al

2021-03-13

[B] Gov’t introduces 10pesewas ‘borla’ tax to clean Ghana
[B] NLA to bring back Live Draws for 5/90 Lotto
[B] Minister gives Kejetia traders final warning ahead of demolition
[B] Domelevo lands top international job after forced retirement
[B] Trotros and Taxis to enjoy free income tax, hotels and restaurants to get 30%

2021-03-12

[B] AfCFTA expected to significantly promote peace and security
[B] 2021 Budget will ensure recovery and macroeconomic stability
[B] We’ll soon provide food items to schools – Buffer Stock Company
[B] Osei Kyei-Mensah-Bonsu appointed ‘caretaker Finance Minister’
[B] 2021 Budget: Ghana Employers' Association expects pragmatic initiatives

2021-03-11

[B] Corruption is not fought alone or quietly – Domelevo
[B] Nana Addo’s anti-corruption credibility is in tatters – Gyimah-Boadi
[B] Agyapa deal should be considered dead on arrival in Parliament – John Jinapor

2021-03-10

[B] UMB Signs agreement with NARMG to provide special loans to midwives
[B] Ghana will experience economic rebound in 2021—President Akufo-Addo
[B] Price of iced sachet water now 30p
[B] All national ID numbers to become tax numbers from April - President Akufo-Addo
[B] Government will engage Parliament about Agyapa deal – Akufo-Addo

2021-03-09

[B] Stop 'examining' foodstuffs before buying them – market women to buyers
[B] Ghanaians to use COVID-19 Vaccination App to book appointment
[B] GRIDCo Explains Sunday's Nationwide Power Shutdown

2021-03-08

[B] Cement price goes up
[B] Village Savings and Loans scheme empowering rural women in Adansi north
[B] Technology is key to speeding up the global gender equality agenda- NBSSI Boss

2021-03-07

[B] Ghana for 3 years was described as one of fastest growing economies - Akufo-Addo
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Business

[ 2021-03-05 ]

Why British Airways rescinded decision to re-route Accra – London flights
British Airways has rescinded an earlier move to
re-route flights from Heathrow to Gatwick for
passengers travelling on the Accra – London
route.

Joy Business has learned that passengers on the
Accra – London route will thus land at their
original destination, that is, Heathrow instead of
Gatwick.

British Airways got the slot relief in the UK upon
a stimulus approval from the European Commission.
This is to protect airlines and prevent the
environmental harm that would be caused by running
empty flights merely for the sake of keeping the
slots for the next year.

An extension of the possibility to temporarily
prolong the validity of driving licences,
roadworthiness tests and other specific licences,
certificates and authorisations will help
transport operators and citizens who are unable to
fulfil certain administrative requirements because
of COVID-19 restrictions.



Slot relief

Under the general EU airport slot requirements,
airlines must use at least 80% of their take-off
and landing slots in order to keep them the
following year.

Airlines will now be granted the possibility to
return 50% of their slot series before the start
of the 2021 summer season, but they will have to
use at least 50% of the remaining slots if they
want to hold on to them.

Ghana’s opposition

The Aviation Ministry, in January, rejected the
announcement by British Airways to switch the
London-Accra-London services from Heathrow Airport
to Gatwick Airport.

British Airways made its decision known without
explaining much the reasons why.

According to the Aviation Ministry, British
Airways went ahead with the move without any
consultation with the Government of Ghana.

“At the said meeting, the BA team promised to
provide further information and data analysis to
support their reason for the changes of their
services from London Heathrow Airport to London
Gatwick Airport and to enable the Government of
Ghana to take a final position on the matter. The
BA team is yet to provide any information as
promised,” excerpts of the statement revealed.

In other related news, British Airways has secured
a £2 billion loan to help it weather the pandemic
and be ready for a recovery in demand.

The carrier’s owner International Airlines Group
(IAG) – which also owns Iberia and Aer Lingus
– said the five-year loan facility was
underwritten by a syndicate of banks and is
partially guaranteed by the Government’s UK
Export Finance (UKEF).



British Airways, which is set to drawdown from the
loan in January, is able to repay the loan at any
time with notice, but is bound by some
restrictions on dividend payments by the airline
to IAG.

IAG said the loan will “provide British Airways
with the operational and strategic flexibility to
take advantage of a partial recovery in demand for
air travel in 2021 as Covid-19 vaccines are
distributed worldwide”.

Source - Joyfm



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