BUSINESS

Following recent happenings with some major financial institutions in the country, some customers have decided to ‘bank in their homes’ rather than carry their monies and invest in any banking institution for fear of losing their monies in the face of any more revocations. The Bank of Ghana Friday revoked …

A customer of the defunct gold-trading firm, Menzgold Ghana Limited, Mr Christian Tsifoakah, has said he is unable to marry because hundreds of thousands of Ghana cedis of his investment has been locked up with the company.The Chief Executive Officer (CEO) of Menzgod, Nana Appiah Mensah on Monday, appealed to …

The Member of Parliament for Effiduase-Asokore Constituency in the Ashanti Region Hon. Dr. Nana Ayew Afriye has supported 60 women in his constituency with a soft loan facility from Kwadaso Citizen Credit Union for them to expand their businesses. The legislator after engaging the Board Members and the Management of …

Boris Johnson has told the EU the backstop plan for the Irish border must be scrapped because it is “unviable” and “anti-democratic”. In a letter to European Council President Donald Tusk, the PM said the backstop – which aims to avoid a hard border – risked undermining the Northern Irish …

Despite the war that has been declared on illegal mining by the Akufo-Addo government, operators of the trade are still not bothered and continue to wreck havoc on the environment with impunity. This time, not only have they moved from the pollution of the water bodies, but also to the …

Immigration officers in Ghana have revealed that twelve Ghanaian women have been deported from the Kingdom of Saudi Arabia. They have been handed over to Ghana’s Bureau of National Investigations (BNI) for further investigation, the Ghana Immigration Service (GIS) announced in a statement. “Twelve Ghanaian females have also been deported …

The customers of Menzgold Ghana Limited are not greedy people, the CEO of the now-defunct gold-trading firm has said. “I do not subscribe to the assertion that Menzgold customers were greedy”, Nana Appiah Mensah told journalists on Monday, 19 August 2019 at a press conference. He also denied claims that …

The Bank of Ghana has rejected viral claims, GN Savings and Loans company collapsed because government failed to pay debts it owed the company. Deputy Director of Banking Supervision at the Bank of Ghana, Elliot Amoako said it is other companies within Groupe Nduom which owed the now defunct institution. Chairman …

Financial Analyst, Toma Imihere, has countered the Bank of Ghana‘s (BoG) assertion that the clean-up of the banking sector has been completed. On The Big Issue on Saturday, Mr. Imihere said there are still some major institutions unable to meet the minimum capital requirement and that claims the sector has …

Two individuals who acted as staff of the Power Distribution Services (PDS) have been put in remand by the Kyebi Magistrate Court. The two, Okai Samuel, 26, a student at Coaltar Senior High School and Prince Owusu Ansah, 27, also a student of the Accra Technical University, were arrested by …