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SSNIT pays GHC1.7 billion to pensioners as at July 2019

The Social Security and National Insurance Trust (SSNIT) has paid over GH¢1.7 billion to more than 200,000 pensioners on the pension payroll as at July 2019. It has also reduced its average benefits processing time from 21 days in 2018 to 17 days and registered 106 per cent of its …

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Court puts on hold plans by BoG to collapse GN Savings

The Bank of Ghana has been ordered by an Accra High Court to hold on with any plans to hand over GN Savings and Loans Company Limited to a receiver. Justice George Koomson has directed that until the outcome of an application for interlocutory injunction is established the regulator and …

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The PDS puzzle! Consultant ‘clears’ firm – But govt, MiDA reject report

FTI Consulting, a United States-based consulting firm commissioned by the Millennium Development Authority (MiDA) to investigate whether or not Power Distribution Services (PDS) Ltd duly won the contract to manage the assets of the Electricity Company of Ghana (ECG), has confirmed that insurance guarantees were, indeed, paid to back the …

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Good news for Menzgold clients as NAM1 reveals when monies would be paid

The embattled CEO of Menzgold Company Limited, Nana Appiah Mensah, has revealed that the company is getting ready to pay customers soon. According to him, Menzgold is “preparing actively” to settle all customers. In the post sighted by YEN.com.gh, NAM1 warned some people he described as “Demagogues” not to muddy …

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Don’t undermine injunction – Court warns BoG in GN Savings & loans’ case

An Accra High Court has advised lawyers for the Bank of Ghana not to undermine the current injunction suit against the revocation of the license of GN Savings and Loans. The judge, Justice Koomson who gave the caution said due to a pending application, all action or processes being undertaken …

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Cocoa price: Rainy days ahead – Cocobod CEO to farmers

The Ghana Cocoa Board (COCOBOD) has given hints that the country’s cocoa farmers would soon have something to smile about in the coming days as far as the pricing of cocoa beans for the 2020/2021 season is concerned. According to Cocobod CEO Joseph Boahen Aidoo, cocoa farmers would have nothing …

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CEDEP Holds Town Hall Meeting At Asante Akim Municipality

Officials of Centre for the Development of People (CEDEP) have organized a town hall meeting for the people of Asante Akim South Municipality of Ashanti region.  The holding of the event formed part of the execution of a year project dubbed; “PROMOTING CITIZENS’S PARTICIPATION, INCLUSION AND ACCOUNTABLE GOVERNANCE AT THE …

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Work begins on replacement of Accra Mall ceiling

The Centre Management of Ghana’s first large-scale mall, Accra Mall, has announced the commencement of work to replace the entire ceiling at the mall. The project, which has been approved by the Board of Accra Mall Limited will start on Friday, September 6, 2019 and be completed by March 2020. …

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SSNIT pays GHC1.7 billion to pensioners as at July 2019

The Social Security and National Insurance Trust (SSNIT) has paid over GH¢1.7 billion to more than 200,000 pensioners on the pension payroll as at July 2019. It has also reduced its average benefits processing time from 21 days in 2018 to 17 days and registered 106 percent of its target …

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Kwabena Duffuor, others sued over GHC5.7bn uniBank cash

Defunct uniBank Ghana Limited under the receivership of Nii Amanor Duodoo has sued Dr. Kwabena Duffour, HODA Holdings Ltd, Star life Assurance and 7 others at the High Court. The plaintiff, uniBank, among other reliefs is praying the court for an order for the recovery of some 5.7 billion cedis …

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