Tag Archives: million

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 …

A London court has issued a judgment compelling the lawyer of a former Nigerian governor to pay approximately $36 million (£28 million) for his role in aiding the concealment of illicit funds. Back in 2010, Bhadresh Gohil was found guilty of money laundering, linked to his assistance to the former …

French giants Paris Saint-Germain has finally accepted an amount of €300million from Saudi Arabia side Al Hilal for the services of Kylian Mbappe as reported earlier by football transfer expert Fabrizio Romano on Monday, July 24. A report from Sky Sports has indicated that PSG has allowed Al Hilal to …

Convicted William Ato Essien, the founder of the defunct Capital Bank has been given at least up to July 27 to redeem his first installment of GH¢20 million to the State. It has emerged in Court on Tuesday, July 4, that Mr Ato Essien has so far paid GH¢8 million of …

Former Manso Nkwanta Member of Parliament Joseph Albert Qualm has sued former Inter-Ministerial Committee on Illegal Mining (IMCIM) Chairman Professor Kwabena Frimpong-Boateng for defamation. The former legislator is suing the former Minister of Environment, Science, Technology, and Innovation for GH¢2.5 million in damages. He is also requesting a restraining order to prevent …

The ECOWAS Court of Justice has ordered the Republic of Burkina Faso to pay 50 million CFA as compensation to a retired civil servant, Mr. Kam Sibiri Eric, for the moral damages he suffered following his dismissal 20 years ago allegedly for ‘breach of the duty of discretion.’ Delivering judgement …

Minister of Finance Ken Ofori-Atta has instituted legal action against radio and TV show host Captain Smart for recent comments that the minister was a direct beneficiary of recently released bailout funds from a global lender. In a High Court writ dated Friday, June 2, 2023 and sighted by GhanaWeb, the minister’s lawyer …

Kenya plans to roll out the first consignment of one million locally assembled smartphones in two months at a unit retail price of Ksh5,484 ($40), in a bid to foster digital access and inclusion. ICT Cabinet Secretary Eliud Owalo said the affordability of smart devices has been a major hindrance …

Ghanaian social media influencer, Mona Faiz Montrage, also known as Hajia4Reall, has been extradited from the United Kingdom to the US for allegedly swindling over $2 million from older, single American men and women in a romance scam. According to the New York Post, Mona4Reall appeared in Manhattan federal court on Monday, …

This week the government secured GH¢2.57 billion from the sale of treasury bills in the auction on May 5, 2023. The auction saw an oversubscription of GH¢733.79 million even though interest rates have been rising. The target for this week’s auction was GH¢1.83 billion. Also, interest rates have increased to …