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Showing posts from January, 2013

Ms Ofori-Atta said Vodafone suspects organised crime and they would leave no stone unturned to bring the culprits to justice.’ She also urged the public to assist the company to curb the crime, saying that the most important people in the battle were members of the various communities. “A lot of these incidents occur in broad daylight or at very odd hours in the night and we need anyone who sees anything they feel is suspicious to call the Police on 18555 or call 155 on their Vodafone line to speak to a member of our security department 24/7,” she urged. She said Vodafone has had great co-operation from members of the public in the past and they need more of that to win the anti-cable theft fight, adding that there could be rewards for such assistance. “In the last quarter of 2012, four members of the public were rewarded for providing information which led to the arrest and prosecution of cable thieves in the Tema and Mile 7 area,” she said. Vodafone is the second largest telco in Ghana subscriber, and the leading fixed voice and broadband service provider in the country.

The Social Security and National Insurance Trust (SSNIT), the majority shareholder of the beleaguered Intercity STC Company Limited, has paid an estimated GH¢23million to the latter’s creditors and suppliers, the B&FT reported.

The payment has drastically reduced the debt-stock of the transport company, which stood at GH¢45million as at October 2012.

A sum of GH¢7.5million was paid to Prudential Bank to cancel out STC’s indebtedness to the bank. It would be recalled that STC in 2005 took a loan facility of US$3.8million from Prudential Bank, at a 12 percent interest rate, for the purchase of 45 Faw buses.

SSNIT also paid GH¢5.1million to the National Investment Bank (NIB); GH¢554,000 to Agricultural Development Bank (ADB); GH¢1.7million to businessman Mr. Svani; and settled the six-month outstanding salaries of STC staff, which stood at GH¢1,660,000.

Part of the settlement also went to J.A. Plant Pool. “GH¢1,940,000 was paid to them plus an additional GH¢6,088,000, which…

Vodafone hit by massive cable theft at Madina, suspects organized crime

Vodafone Ghana has been hit by a massive copper cable theft in the Madina resulting in a loss of voice and internet services to consumers, businesses and the wider community throughout the Madina-Adenta area.

A statement of the company said about one kilometer (1km) of cable that lay between Adenta trotro station and SSNIT flats junction has been stolen and replacement and repairs would cost at least GHC200,000.

It said network outage will also take approximately three weeks to repair, so service to some 450 customers would not be available throughout that period.

“Since August 2012, over 15,500 Fixed Broadband customers have been left without internet service as a result of 186 cable theft incidents all over the country,” the statement said, adding that Vodafone experienced the highest number of cable thefts in a single month in December when it reported 47 cable thefts in areas such as Korle Bu, Madina, Accra High Street, Cantonments, Kasoa, East Legon and Tema.

It said …

Nigeria excess crude oil account hits $9.242bn

Nigeria's Minister of State for Finance, Yerima Ngama, has announced that
the country’s saving in excess crude account (ECA) is now stood at
about $9.242 billion.

The minister made this known at the meeting of Federation Account
Allocation Committee (FAAC) in Abuja.

According to the minister of state, the saving in excess crude
account can stabilise the country for the next three months in case
of emergency.

Meanwhile the three tiers of government have shared a total
revenue of N567.708 billion for the month of December.

Out of the amount, Federal Government received N217.425 billion,
the states shared N110.281 billion and local government councils
shared N85.022 billion while N49.705 billion went to oil and gas
producing states as derivation fund.

Yerima attributed the growth in revenue to the higher export sales
volume in November.

He also expressed concern that crude oil production and lifting had
also encountered several disruptions following increased bunkering
activities and ongoing maintenan…

GNPC to host Offshore West Africa 2013

The Ghana National Petroleum Corporation (GNPC) have officially confirmed their support for the upcoming Offshore West Africa 2013 Conference & Exhibition by agreeing to Host the event taking place at the International Conference Centre, Accra, Ghana on 19‐21 March.

Offshore West Africa, the premier conference and exhibition for the offshore oil and gas exploration & production industry within West Africa, is pleased to once again work closely with the Ghana National Petroleum Corporation in this exciting and growing offshore market within West Africa.

Under the Patronage of the Ministry of Energy, Republic of Ghana, and Endorsed by the Petroleum Commission Ghana, the 17th annual Offshore West Africa will once again address key technology and development issues for the West African offshore oil and gas market, through a comprehensive educational program and three‐day exhibition, under the theme – Deepwater Discoveries, Emerging Opportunities.

Sponsored by Tullow Oil, Schlumberger…

More Boeing Dreamliners grounded on safety concerns

Boeing's troubled 787 Dreamliner continues to face problems as more global regulators and airlines grounded the plane on safety concerns.

The Federal Aviation Administration (FAA) ordered US airlines to stop using 787s temporarily after a battery fault caused an emergency landing in Japan.

Airlines in Chile and India quickly complied by grounding their Dreamliners.

Boeing said that it stood by the integrity of the 787.

A string of issues have raised questions about the 787's future.

In recent weeks Dreamliners have suffered incidents including fuel leaks, a cracked cockpit window, brake problems and an electrical fire. However, it is the battery problems that have caused the most concern.

On Wednesday, an All Nippon Airways (ANA) flight made an emergency landing because of a battery malfunction. That caused them to ground all 17 of their Dreamliners and Japan Airways followed suit.

The FAA said that airlines must demonstrate battery safety before flights can resume.

'Every necessa…