Tag Archives: FINANCIAL

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 …

The general overseer and senior pastor of Resurrection Power New Generation Church (RPNGC), Reverend Anthony Kwadwo Boakye, has reportedly barred his wife, Rev. Mrs Margaret Boakye from managing the finances of the church. Reverend Boakye for some months has been missing from the eyes of the public with multiple reports …

Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has sarcastically made a case for a solution to Ghana’s economic woes. According to him, Finance Minister Ken Ofori-Atta must be encouraged to seek financial bailout from the Ashanti Regional Chairman of the New Patriotic Party, Bernard Antwi Boasiako, also known as Chairman Wontumi. The …

In contravention of the Public Finance Management Act 2016, Act 921 and international best practice, some 45 public enterprises have failed to submit mandatory financial reports to the Ministry of Finance since 2016. The composition of the defaulting companies are: one State Owned Enterprises (SOEs), 34 Owned State Enterprises (OSEs) …

 financial scandal Barely a fortnight after a National Service Person was jailed for perpetrating fraud at the Tamale Medical Stores of the Ghana Health Service, a similar incident has occurred this time involving a senior accounts officer of one of the facilities. The officer in question according to documents sighted …

Government says it has released GH₵3.5bn as a refund to depositors of collapsed financial institutions. A statement from the Finance Ministry confirmed the government has scrapped a much criticised plan to issue a 5-year bond to the depositors at no interest. The release of the funds was expected after Vice-President …