BUSINESS

The Coalition of Aggrieved Customers of Menzgold, say government’s move to drag the Chief Executive Officer for Menzgold, Nana Appiah Mensah (NAM1), to court was a deliberate way to protect him. The group believes government was consciously using the court to shield Menzgold from the aggrieved customers instead of pursuing …

The Ghana Union of Traders Association (GUTA) has served notice to the government that they will close down shops on Monday, 29th August 2022 in protest of the depreciation of the Cedi and severe economic hardship. Addressing the media on Monday August 22, 2022, the President for GUTA, Dr. Joseph …

The Bank of Ghana has sounded a strong warning to forex bureaus operating in the country, that any breach of the regulations under which they work will result in their closure or severe sanctions against them. The move is to stop all deliberate market practices that are fuelling the cedi’s fast depreciation, …

The NDC minority caucus in parliament has cautioned the Bank of Ghana(BOG) to yield to Parliamentary oversight in its dealings, particularly in relation to money printing to finance government spending. A statement issued by the minority leader, Haruna Iddrisu on Friday, August 19, 2022 said the fiscal dominance regime the …

A report by the Bank of Ghana (BoG) has found GH¢116 million in untraceable assets from failed microfinance and savings and loans in Ghana. The report states that 100 properties have been sent to the Economic and Organized Crime Office (EOCO) for investigation to determine their ownership status by the BoG through …

The Director of Communications for Progressive People’s Party (PPP), Felix Mantey has described the people who played a role in collapsing Dr. Paa Kwesi Ndoum’s GN Bank as having ‘kerosene’ in their heads. According to him, the founder and bankroller of the political party and owner of the collapsed GN …

The Ghanaian currency (the Cedi), which is said to be the second-worst-performing currency across the globe after Sri Lanka’s Rupee, is depreciating faster than anticipated. Even though the Central Bank has put out some emergency measures to tackle it, the continued depreciation seems to have outjumped the Bank of Ghana’s …

The Vehicle and Asset Dealers Union has spoken out against a ban on the importation of vehicles used between 0 and 5. Mr. Frank Atanley Kofigah, Executive Secretary of the Union, told Kwabena Agaypong, host of Frontline on Rainbow Radio 87.5Fm, that there is an attempt to deprive them of …

    The group numbering about twenty attacked the two workers who were riding on a motorcycle from their office were crossed and stopped , by the suspects namely Abu , and some self Acclaimed National Security Imposter well known among the NPP as Aziz, Nkrumah , Alhassan Bawku, Alhaji …

A new report published by the Bank of Ghana has revealed further details regarding the resolved microfinance companies and savings and loans institutions, with new information indicating most of these companies diverted funds into other ventures – thereby leading to their insolvency. In a collaborative effort by the Joint Receivers, Bank of Ghana and …