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Bawumia’s spokesperson justifies closure of GN Savings and Loans

Spokesperson of the Vice President, Dr Mahamudu Bawumia, Dr Gideon Boako, says the government does not owe GN Savings and Loans, contrary to the...

Success Story: Unik Life Microfinance to pay depositors funds on Wednesday

The management and board of UNIK LIFE Micro Finance have finally concluded discussions with the Receiver, Eric Nana Nipa to enable the Micro Finance...

Yango introduces fix price feature

Accra, August 2019 – Ride-hailing app Yango, in response to customer feedback collated over the past few months in Ghana, has introduced the fixed...

Audio: Probe resignation of BOST MD…COPEC to govt

The Chamber of Petroleum Consumers, Ghana (COPEC, Ghana) wants the government, to as a matter of urgency, investigate the circumstances leading to the resignation...

Rosewood: Group gangs up against Chinese wood factory in Sissala

A group, calling itself Concerned Citizens of Sissala Land, has raised concerns about the increasing rate of illegal felling of rosewood, an endangered tropical...

Bijou Homes takes on Obuasi & Kumasi

Following the open house event in July, Bijou Homes has hit the garden city, Kumasi and mining town of Obuasi with activities to raise...

Akufo-Addo names Edwin Provencal as new BOST CEO

President Nana Akufo-Addo has nominated Mr. Edwin Provencal as (the new ) Chief Executive Officer (CEO) for the Bulk Oil and Transport (BOST) company...

PPP guru suspects ‘dirty’ politics in closure of GN Savings and Loans

Director of Operations of the Progressive People’s Party (PPP), Nana Ofori Owusu, has said the closure of Groupe Nduom's GN Savings and Loans Limited...

Govt fails to secure targeted GH¢450m in historic 20-year bond sale

Government has failed to secure the entire amount targeted in its historic 20-year bond sale, which was to secure it about GH¢450...

BOST MD Mensah Okley quits

Managing Director for Bul Oil Storage and Transport (BOST) Company Limited has resigned.George Mensah Okley is said to have tendered in his resignation to...

BoG replies former Dep. Governor over bank clean-up comments

The Bank of Ghana (BoG) has responded to the recent comments made by the former Deputy Governor, Dr Johnson Asiama regarding high cost of...

Donkomi: PPA Board must be investigated – Emile Short (Video)

Justice Emile Short, former Commissioner of the Commission on Human Rights and Administrative Justice (CHRAJ), is calling for investigations into the activities of the...

I never asked fishermen to engage in ‘saiko’ – Fisheries Minister

Madam Elizabeth Afoley Quaye, the Minister of Fisheries and Aquaculture Development, has refuted claims that she had purportedly encouraged a group of fishermen to undertake illegal...

GRA taskforce seizes assorted drinks without excise tax stamps

The Ghana Revenue Authority (GRA) Taskforce on Thursday confiscated assorted beverage products without Excise Tax Stamps affixed on them in Accra.The products are red bull energy...

Santol Energy to embark on health screening for tanker drivers

Santol Energy, one of the country's rapidly growing oil marketing companies is set to organize an eye screening exercise for all tanker drivers at the Tema Oil Refinery (TOR).Santol...

Read full suit: Bank of Ghana sued for revoking Unicredit licence

The mother company of Unicredit Savings and Loans Company - Hoda Holdings Limited has sued Dr Ernest Addison and the Bank of Ghana for...

Producer Price Inflation jumps to 8.8 per cent in July

The Producer Price Inflation rate for July 2019 was 8.8 percent, up 1.7 percentage points from 7.1 per cent recorded in June 2019, the Ghana Statistical...

StanChart Bank appoints new Head of Retail Banking

Standard Chartered Bank Ghana Limited has announced the appointment of Ebehijie Momoh as Head of Retail Banking. She replaces Henry Baye who has been appointed...

New Life Homeopathic Clinic’s Dr Mark Agyei wins another award

Just 34 days after New Life Homeopathic Clinic was adjudged the Most Technologically Advanced Homeopathic Hospital in 2019 by the West African Health Care Excellence Award, the...

TUC praises govt’s $4bn banking sector clean up

The body responsible for the welfare of Ghanaian workers, TUC, has lavished praises on government for cleaning the banking sector.In a release aimed...

Police block PDS demo against govt

A planned demonstration against government by Civil Service Organisations (CSO's) over the botched Power Distribution Services (PDS) deal has been foiled by the police.The...

NAM1 must publish evidence of $39 million Dubai debt – Amanda Clinton

The lawyer for Aggrieved Menzgold Customers, Amanda Clinton, has called on Chief Executive Officer of embattled gold dealership firm Menzgold, Nana Appiah Mensah, to...

Audio: Don’t defreeze NAM 1’s accounts – Menzgold customers appeal

Customers of defunct Menzgold are warning that defreezing the account of Chief Executive Officer (CEO), Nana Appiah Mensah, also known as NAM 1, will...

Read: What Receiver of collapsed savings and loans intends to do with depositors’ funds

Eric Nipah, Receiver of Savings and Loans entities, which licences have been revoked, has allayed the fears of customers, saying the government has made...

23 Menzgold customers dead so far; most bedridden

Since the shutdown of Menzgold Ghana Limited up till now, 23 customers have given up the ghost.“Most of them are also bedridden,” a customer...

Collapse of savings and loans companies: Payments to begin within 7 days

The Receiver of the 23 collapsed savings and loans companies and finance house companies, Eric Nana Nipah, says he will commence payments to...

Audio: Shut down of GN Savings and Loans attempt to ‘murder’ Nduom – Groupe Nduom Veep

The Vice President of Groupe Nduom has described as irrational the Bank of Ghana’s (BoG) statement that sought to justify why GN Savings and...

Audio: We sold property of Akwatia Diamond as scrap – Former GM

A former General Manager (GM) of Consolidated Diamonds Ghana Limited (GCDGL) has confirmed the company sold some plants built by the Europeans as scraps.The...

Video: Menzgold customers are not greedy – NAM1

The Chief Executive Officer of embattled gold dealership firm, Menzgold, Nana Appiah Mensah, has denied media reports that customers of Menzgold Ghana Limited are...

I am willing to pay my customers -NAM1

Chief Executive Officer of embattled gold dealership firm, Menzgold, Nana Appiah Mensah, says he is willing to pay his customers but expects the government...

Fabewoso: How Akwatia Diamond Company collapsed

A group, calling itself Akwatia Development Association, is accusing new management of Great Consolidated Diamonds Ghana Limited (GCDGL)-Akwatia Diamond Company Limited- of shortchanging them.The...

Video: Menzgold not a Ponzi scheme – NAM 1

"People will contest what they do not know. There is a huge debate over whether ghosts exist." That was the answer given by embattled...

I was framed by Horizon Diamond Company in Dubai – NAM1

Chief Executive Officer (CEO) of Menzgold, Nana Appiah Mensah, popularly known as NAM1, has revealed that he was framed by Arabian debtor, Royal Horison...

GRA staff urged to abide by codes of conduct

The Commissioner-General of the Ghana Revenue Authority (GRA), Emmanuel Kofi Nti has reiterated the call on staff of the Authority to uphold the code of...

Savings and Loans sector cleanup: BoG approach should have been less destructive

President of the National House of Chiefs, Togbe Afede XIV is unhappy with the manner in which the Bank of Ghana (BoG) handled its...

Nduom writes: The wrong we did? Our story

In 1997, we set out to invest and develop “the People’s Bank”. After nine years of planning, preparation and interactions with the Bank of...

Savings and Loans companies in good standing

Below are the Savings and Loans companies that are currently in good standing, according to the Bank of Ghana (BoG):ABii National Savings and Loans...

No 100% assurance to depositors with axed Savings and Loans companies

The Bank of Ghana has said it cannot provide full assurance to depositors whose monies have been locked up in 23 Savings and Loans companies which...

Cronyism, exceptionalism killing local financial institutions – Wereko-Brobby

Former boss of the Volta River Authority (VRA), Dr Charles Wereko-Brobby has bemoaned the growing canker of cronyism in the country noting that it is...

Shocked Nduom reacts to shut down of GN Savings and Loans by BoG

The Chief Executive Officer (CEO) of Groupe Nduom, Dr Papa Kwesi Nduom, has described as "widely inaccurate" the Bank of Ghana's (BoG) statement...