Latest business news in Ghana from YEN.
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.
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.
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.
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.
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.
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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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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)
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.
“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.
In all, nineteen lapses and their corresponding fines have been outlined by the Bank of Ghana. The fines for some offenses, however, differ from banks to Specialized Deposit Taking institutions. YEN.com.gh business news.
Latest business news in Ghana from YEN.