BUSINESS

The Court of Appeal today threw out an application from the Bank of Ghana (BoG), which challenged the jurisdiction of the High Court. BoG had argued that the High Court has no jurisdiction to hear the complaint which is challenging the revocation of GN Saving’ licence. It argued that the only lawful forum for resolving the GN Savings concerns is ...

Deputy Governor of the Bank of Ghana, Elsie Awadzie, has disclosed that over GH¢3 billion has been advanced to businesses by commercial banks following the lifting of coronavirus restrictions. Speaking at a webinar organised by the University of Ghana Business School (UGBS), the Deputy Governor of the central bank said the recent measures announced by her outfit influenced the huge ...

The state has amended the charge sheet in the case of Dr Kwabena Duffuor and eight others by adding three new charges in the unibank case. The former Central bank governor and the other persons were earlier hit with 68 charges but that was withdrawn today and replaced with new charges adding up to 71. The accused persons all pleaded ...

The Commercial Division of the Accra High Court has struck out the 68 charges against Dr Kwabena Duffuor and eight others in the ongoing unibank case. This was after the Director of Public Prosecution (DPP) Yvonne Atakorah Obuobisah has prayed the court for the old charges filed in March to be dropped. According to the DPP, the prosecution is amending ...

A Medical Specialist at the Kwame Nkrumah University of Science and Technology (KNUST) Hospital, Dr. Ivy Darkwa, is cautioning against people letting their guard down as the COVID-19 restrictions are being eased. She said the flu-like symptom is gradually disappearing taking a new shape of infection, warning that infected people should not wait till when they experience flu. Dr. Darkwa ...

Customers of Menzgold have served notice their vote in December will be informed by government’s attitude towards their locked up funds with the CEO of the company Nana Appiah Mensah popularly known as NAM 1. According to the customers, government has not shown enough commitment in the efforts in retrieving their monies. It comes in the wake of claims by ...

Vodafone Ghana has admitted giving the personal information of its over 10 million subscribers to Kelni GVG. T. The personal information includes (but not limited to) subscribers names, mobile phone numbers, call records, call locations and addresses and mobile money transaction details. The admission came out at the hearing of a case which was brought by a private legal practitioner, ...

Parliament, on Thursday, June 04, 2020, passed the Chartered Institute of Marketing, Ghana bill, 2019, after its third reading in the house of Parliament. The passage of this bill is very significant and an important landmark in the history of the Chartered Institute of Marketing, Ghana (CIMG). CIMG has been pursuing this bill for the last two decades, starting from ...

National leader of the Coalition of Aggrieved Customers of Menzgold has expressed displeasure in CEO of defunct Menzgold Company Limited, Nana Appiah Mensah, for signing a new artiste on subsidiary company, Zylofon Music, despite owing hundreds of customers of the gold dealership firm. According to Francis Owusu, the signing ceremony which was organised with “grandeur, pump and pageantry” over the ...

The never ending challenges of the Ghana Link/UNIPASS-ICUMS at the ports has started affecting other sectors of the economy with the Chamber of Pharmacy Ghana and Ghana Pharmaceutical Manufacturers Association being the latest to add their voice on calls on the Nana Addo-led government to intervene and restore the ports to normalcy because their COVID-19 Personal Protective Equipment (PPE), Vitamin ...