The Securities and Exchange Commission (SEC) has revoked the licenses of 53 Fund Management Companies. SEC, in a statement explained that the revocation follows the companies’ failure to “return client funds which remain locked up and in a number of cases, have even folded up their operations.” “Essentially, they have …

The Accra High Court has ordered Menzgold Ghana Limited, a gold dealership firm to refund GH¢2,664,000 owed to some 58 soldiers. The court, presided over by Justice Angelina Mensah-Homiah J. in a November 4, 2019 ruling, however, refused to enforce the contractual interest at the rate contained in the respective …

Tunisian giants Esperance are holding out for US$ 15 million to sell midfielder Kwame Bonsu to an unnamed Chinese Super League side. Bonsu’s representatives Club Consult Africa has confirmed to GHANASoccernet.com primary negotiations have begun and the deal is far from being stitched up. The former Asante Kotoko player has …

Residents of Ajao Estate in the Isolo area of Lagos State are in mourning following the death of a mother of four, Mrs Chibuzor Balogun. Chibuzor, whose 14-year-old son, Uche, said was a little above 30 years, died at their residence, No. 2 Raji Aliu Street, off the Airport Road, …

Last month, Eliud Kipchoge finished a marathon in 1 hour, 59 minutes and 40 seconds — an audacious feat that no one had ever accomplished before. Kipchoge is from the Kenyan Rift Valley region. A day after he made history, Brigid Kosgei destroyed the women’s world record at the Chicago …

Two Catholic nuns have become pregnant after working in Africa. According to Daily Mail, the situation has prompted the church to launch an investigation into how the nuns got pregnant despite their vows of chastity. The two women, who belonged to separate religious orders in Sicily. One of the women, …

The Ghana Association of Traders Union (GUTA) has charged government to as a ‘measure of prudence’, close the country’s eastern corridors to imports to curb the smuggling of goods to protect its domestic retail market and citizens. According to the Association’s President, the suggestion is not a retaliatory one to …

The Ghana National Petroleum Commission (GNPC) will continue to be afflicted with political interests and interference until non-partisan managers are appointed to lead it, the Chief Executive Officer of GASSOP Oil Kojo Poku has observed. According to him, GNPC will not be able to operate and function like other global …

The management of Kumasi Asante Kotoko have confirmed granting their head coach, Kjetil Zachariassen, permission to remain in Cote d’Ivoire after the club were eliminated from the CAF Confederation Cup by Ivorian side San Pedro on a 2-1 aggregate last Sunday. The coach did not travel back to Ghana with …

The list of suspects in the Alajo Doctor coup plot is widening, with the Bureau of National Investigations (BNI) set to invite the former executive to the immediate-past Inspector General of Police (IGP). When Peter Lanchene Toobu, former Superintendent of Police, now Parliamentary Candidate (PC) for the opposition National Democratic …