Finance

Menzgold boss Nana Appiah Mensah begs BoG after saying they are a "joke"

Nana Appiah Mensah, CEO of Menzgold Company Limited has rendered an unqualified apology to the Bank of Ghana for his rude response to the banking regulator following the issuance of a warning to his company to stop taking deposit.

Popular Ghanaian lawyer punches holes in Mensa Otabil's statement on Capital Bank's collapse

A renowned US-based Ghanaian lawyer, Professor Kwaku Asare, better known as Kwaku Azar, has taken Pastor Mensa Otabil to the cleaners, with respect to the latter statement released about the defunct capital bank.

Menzgold can't sell gold locally – Minerals Commission reveals

It has emerged that the Minerals Commission, in a letter dated 19 September 2017, warned Menzgold Company Limited, owned by Nana Appiah Mensah, to stop selling gold to unauthorized and unlicensed persons. YEN.com.gh news.

Ibrahim Mahama denies blame over loan default that led to collapse of UT Bank

Mr Reindorf Twumasi Ankrah, lawyer for some companies affiliated to businessman Ibrahim Mahama, has said media reports claiming his client’s businesses owed now-defunct UT Bank GHS302 million is false and skewed. YEN.com.gh news.

Consolidated Bank blocks defunct Beige Bank fixed deposit withdrawals

According to the statement by the CBG, it took the decision to block the accounts because it has noticed some anomalies in the accounts between Beige Bank and its related company, Beige Capital Asset Management. YEN.com.gh news.

Huawei overtakes Apple as world's second biggest smartphone maker

Huawei Technologies is a Chinese multinational company that is mainly into the making, sale and distribution of mobile units across the world. In terms of numbers of units sold, Huawei is the third biggest smartphone company

EOCO is still investigating me; so be circumspect in your reportage - Former director of Capital Bank

In a statement issued on his behalf by his lawyers, Ato Essien, who was the majority shareholder in the bank revealed that he has been under investigation by the Economic and Organized Crime Organization for the past six months.

We're duly licensed; PMMC MD "defaming and undermining our reputation" – Menzgold lawyer

Lawyer Akuffo has advised Mr Hammond to stick to the dictates of his office saying, “he oversteps the boundaries of the jurisdiction allotted to him by his office. He is not the public relations officer of the Commission. YEN.com.

International court slaps University of Ghana with a $160 million judgement debt

An International court has reportedly awarded a judgement debt of $160 million against the University of Ghana, Legon. Information available to YEN.com.gh shows that this is in respect of a contract with Africa Integras Project.

Meet the biggest business tycoons in Ghana and their companies

The progress of Ghana’s economy depends on some business men as they inject lots of capital by creating companies.They don’t only create companies but they help in solving unemployment in the country. YEN.com.gh.

GRA washes hands from taxing churches for tithes and offerings

Commissioner General of the GRA Kofi Nti said Thursday the Authority will soon conduct investigations into activities of all churches in the country with the view to taxing them based on their level of business transactions.

Shatta Wale opens fire on Bank of Ghana over Menzgold brouhaha

Self-acclaimed dancehall king, Shatta Wale, has jumped to the defense of his boss, Nana Appiah Mensah – taking a strong swipe at Bank of Ghana (BoG). In Ghanacelebrities.com report sighted by YEN.com.gh Zylofon Media boss is hot.

Consolidated Bank gives staff 60-day ultimatum to prove their worth or get sacked

Some employees of the now consolidated banks are likely to lose their jobs in the coming days as a probation has been given out to them by management. The letter also noted they will be assessed in the next 60 days.

Management of Menzgold has assured the public their investments are safe with them

Management of Menzgold Ghana Company Limited has assured the general public that doing business with the company is safe, despite a warning from the Bank of Ghana (BoG) to the contrary. "The BoGs announcement is unfair," Menzgold.

Online business in ghana - Top profitable ideas

Opportunities for making money are countless, though the methods need to be right. Just as any other place ★ONLINE BUSINESS IN GHANA★ will also flourish if done right and all the parameters are perfectly considered.

7 SSNIT employees in how waters as EOCO descends on them over fake certificates

Information available to YEN.com.gh shows that seven employees of the Social Security and National Insurance Trust (SSNIT) have been hauled before the Accra Circuit Court. They secured employment with the fake certificates.

CID boss fingered in upcoming "funny" microfinance business

The head of Ghana's Criminal Investigations Department (CID), Tiwaa Addo-Danquah has been mentiond in a case of conflict of interest involving a financial institution she is involved with at the managerial level.

Churches should pay tax; it is not right to exempt us – Top man of God

The Founder of the New Life Church, in London, Rev. Mark Adu-Gyamfi, has suggested that churches should be taxed. He explained that religious bodies that engage in businesses aside their main work need to pay taxes on incomes.

Is Mahamudu Bawumia a prophet? - Predictions from 2016 come to pass

Former deputy of the Bank of Ghana and current vice-president of Ghana, Dr. Mahamudu Bawumia in 2016 made a claim that 8 local banks were on the verge of collapse. The then-running mate of the New Patriotic Party's (NPP)

Banks in ghana - current situation explained

The Bank of Ghana decided to unite 5 ★BANKS IN GHANA★ under one bank, consolidated bank. Many ghanaians are curious about what this means for them. If you are one of them. Keep reading to learn more about the banking situation.

Collapsing 7 local banks was a painful decision - Dr. Ernest Addison explains

“Underpinning these rather unpleasant but needful decisions to ensure stability in the financial system was a series of infractions including, license acquisition by false pretences, inadequate capital, high levels of NP loans.