BUSINESS

Chief Executive Officer of defunct Menzgold Ghana Limited, Nana Appiah Mensah, otherwise known as NAM1 has said over 60% of customers are ineligible for payment after the validation process. He said the claims submitted by these affected customers were fraught with several flaws. In a statement sighted by GhanaWeb, NAM1 said the defects …

The International Monetary Fund (IMF) has justified the Bank of Ghana’s GH¢60 billion impairment loss recorded in the 2022 fiscal year. The Bretton Wood institution in a post captured on its website about Ghana on August 10, 2023 said there is no cause for alarm. It upheld the position that the Bank of Ghana suffered …

Virginia Palmer, the US ambassador to Ghana has celebrated the tolerance of Ghana and Ghanaians cautioning against looming discrimination especially against the LGBTQ community. She said the country was strong and a stable destination for investment largely because of interfaith and interethnic tolerance. Ambassador Palmer, however, cautioned that discrimination against …

Concerned Betters of Ghana (CBOG) has rejected the implementation of 10% tax on all betting, games and lottery wins announced by the Ghana Revenue Authority (GRA).   The Ghana Revenue Authority (GRA) served a notice that 10% withholding tax on all gross gaming winnings from August 15, 2023.   The …

Ghana has been ranked among 10 countries in the world with the highest food inflation. According to a Food Security Report by the World Bank, the country’s Nominal Food Inflation (year-on-year) of 54% placed the nation at the 8th position. It Real Food Inflation (year-on-year) of 12%, however, placed it at …

The Bank of Ghana (BoG) has confirmed that it is in the process of building a new headquarters in Ridge, a suburb of Accra. The initial allegation of the new structure was made public by the National Democratic Congress (NDC) and the Minority in Parliament at a press conference earlier this week. In their allegation, they …

It is always interesting to learn about the individuals and institutions that have a high net worth in Ghana. These individuals are usually popular businessmen who own various businesses both in Ghana and internationally. In 2023, there are families in Ghana whose net worth is above a billion dollars. Here …

The minority in Parliament has issued a directive to Dr. Ernest Addison, the governor of the Bank of Ghana, demanding the reinstatement of over 32 billion cedis in government debt that was previously written off under the DDEP. The directive comes amid revelations that the Bank of Ghana incurred losses exceeding 60 billion …

The Social Security National Insurance Trust (SSNIT) says it has retrieved 132 million Ghana Cedis from 2,272 cases filed at the law court within the first half of 2023. The cases were related to employers who failed to honour statutory social security obligations on behalf of their employees. The Director-General …

The Minority in Parliament has stated that despite the losses that the Bank of Ghana has incurred, the bank is building another head office at North Ridge worth $250 million. According to the Minority leader, Dr Cassiel Ato Forson, the BoG’s illegal printing of money is responsible for the depletion of Ghana’s …