More airlines want to increase flight schedules to Ghana
Accra Bourse Index closes flat
More airlines want to increase flight
schedules to Ghana
Accra (Greater Accra) 01 November 2001 - The Ghana Civil Aviation Authority (GCAA) continues to receive applications from airlines to increase their flights frequencies to and from Kotoka International Airport (KIA).
The airlines include South Africa Airways, British Airways, Kenya Airways and Lufthansa. They either want to operate daily flights or increase their schedules, Captain Joe Boachie, Director General of GCAA disclosed during a courtesy call on him by the US Ambassador, Ms Nancy Powell at the KIA on Wednesday.
The Director General said apart from the duty-free shop and the Accra-US route that have experienced a fall in patronage all other services GCAA renders were on course.
He said Gambia, Senegal, Liberia, Sierra Leone and Zimbabwe often fall on GCAA for technical and security advice because it has US Federal Aviation Administration (FAA) category one status.
Capt Boakye said his GCAA has given technical approval to two domestic airline operators and they would start business soon.
Ms Powell congratulated GCAA for stepping up security at KIA as well as self-financing some of its projects.
GRi…/
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Accra Bourse Index closes flat
Accra (Greater Accra) 01 November 2001 - The GSE All-Share Index, the benchmark measure of the Ghana Stock Exchange, closed mid-week trading flat despite marginal gains by Mobil Oil Ghana Limited (MOGL) and Enterprise Insurance Company (EIC).
The index, which barely inched up on Monday, was unchanged at 961.01 points at close of trading on Wednesday. Traded volumes, which were down at 11,100 shares, rose significantly at 6.9 million shares as the market once more experienced the flash of institutional investors.
SSB Bank sold 6,941,500 shares to lead the pack with Aluworks a distant second at 14,400 shares.
There were two price changes- all positive. MOGL gained one cedi at 18,001 and EIC made one cedi at 3,001 cedis. Market capitalisation also inched at 3,913.85 billion cedis. Below are the closing prices of the listed equities in cedis:
ABL 320
AGC 18,800
ALW 4,300
BAT 627
CFAO 60
EIC 3,001 +1
FML 950
GBL 1,300
GCB 1,550
GGL 900
HFC 952
MGL 241
MLC 145
MOGL 18,001 +1
PAF 800
PBC 450
PZ 1,000
SCB 20,500
SPPC 340
SSB 2,300
UNIL 2,300
CMLT 430
GRi…/
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Ekumfi-Essueshyia (Central Region) 01 November 2001 - The Apex Bank, which is designed to provide central banking services to rural and community banks will take off in the first quarter of next year.
All arrangements pointing to this objective have been completed, Mr. Kenneth Owusu-Twumasi, Head of the Human Resource and Administration of the Apex Bank announced at Ekumfi-Essueshyia last Saturday.
He told shareholders, directors and management of the Ekumfiman Rural Bank at Ekumfi-Essueshyia on the prospects of Apex Bank that the Apex Bank has been registered, issued with a banking licence, admitted to the bankers' clearing house, and appointed its external auditors.
He has therefore, advised all rural and community banks which have not paid their shareholdings towards the establishment of the Apex Bank to do so without any further delay.
Mr Owusu-Twumasi told the meeting that Apex Bank would offer cheque clearing services, source domestic and external funds for on-lending to rural and community banks, handle management services and guarantee support for rural and community banks cheques.
It would also train management staff of rural and community banks regularly to enable them to perform more creditably.
GRi…/
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