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The Bank of Ghana (Bank of Ghana) has warned against the pricing, advertising and receipt or payment for goods and services in foreign currencies. This is the third time this year the BoG has issued the notice prohibiting the act after similar calls in April and May. Some institutions and …
Read More »Government Blamed Over The Upsurge Of Fake Recruitment Agencies
The upsurge in the infiltration of unaccredited recruitment agencies in Ghana has a strong link with government’s negligence to resource the Labour Department, Mr. Ferdinand Osei Atuahene- HR Manager for Danerst Employment Agency has indicated. Ghana Labour Department he averred has been ignored, left in tatters and hirtherto has not …
Read More »LPG prices to shoot up; petrol, diesel to remain stable – IES
The Institute of Energy Securities (IES) is predicting a considerable rise in the price of LPG on the local market. In addition, the Institute said it expects the prices of petrol and diesel at the pumps to remain stable. “This can be attributed to international market variables on the local …
Read More »Banking sector crisis: Licenses were issued anyhow – Kofi Amoabeng
President of UT Holdings, Prince Kofi Amoabeng, has blamed the challenges in the banking sector on the regulator’s poor scrutiny of the sector. In an exclusive interview with JoyBusiness, Mr Amoabeng said, banking licenses were issued anyhow and to all sort of people without proper checks causing the current crisis …
Read More »Nsawam GCB bank locked up over court order
Scores of customers of the Nsawam branch of the GCB Bank Limited have been left stranded at the premises after a court order has caused the bank to be shut down Thursday morning. The shut down order comes after the bank failed to release the Ghc 3.7million account of Global …
Read More »Nduom releases list of over 4200 companies, individuals and schools owing him GHc423million
As part of the processes initiated by the President and Chairman of Groupe Nduom (GN), Dr. Papa Kwesi Nduom through the Gold Coast Fund Management (GCFM) in court to recover investment funds and pay aggrieved customers of their locked-up investments, a list of companies and individuals indebted to GCFM has been released. …
Read More »Government not responsible for GN Savings’ collapse – Gideon Boako
Gideon Boako, a spokesperson for the Vice President, has rejected claims that government’s indebtedness to GN Savings and Loans Company caused its collapse. The Chairman of Groupe Nduom, Dr. Paa Kwesi Nduom had alleged that government’s failure to pay contractors who owed him caused his company’s demise. Former President John …
Read More »South Africans outraged as US journalist describes president as ‘unidentified leader’
White House journalist who described the South African president as an “unidentified leader” has drawn a backlash from social media users and press in South Africa and beyond. Darlene Superville, the White House reporter for The Associated Press, tweeted a picture of four world leaders at this year’s G7 summit, …
Read More »Internet bankers fall by 12% – BoG
The Bank of Ghana has revealed that the number of registered internet banking customers has reduced. According to the central bank, the number fell by 12.9 per cent from 936,965 in 2017 to 815,904 in 2018. The BoG made these observations in the Payment Systems Oversight Annual Report, 2018 “Number …
Read More »20-year domestic bond, not under-subscribed – Finance Ministry
Ghana’s debut 20-year bond issued was not a failed or under-subscribed offering but a fairly priced offering that has established another data point along government’s yield curve, the Finance Ministry has said. In a press statement issued on Wednesday, the government said although the amount received in bids was less than the …
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