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MASSIVE DEMONSTRATION TO HIT GOVERNMENT OVER LUXURY VEHICLES LEVY.

The Membership of Vehicle and Asset Dealers Association of Ghana (VADAG) have threatened to stage a massive demonstration on July 9,2019. The demonstration will take place if the government of President Nana Addo Dankwa Akuffo - Addo fails to withdraw the Luxury Vehicle Levy (LVL) imposed on vehicle owners and importers. At

Special Prosecutor, CHRAJ to assist PIAC to fight misuse of petroleum funds

Special Prosecutor, CHRAJ to assist PIAC to fight misuse of petroleum funds

The Public Interest and Accountability Committee (PIAC) is exploring a collaboration with the Office of Special Prosecutor and the Commission on Human Rights and Administrative Justice (CHRAJ) for the prosecution of officials who misuse petroleum revenues. The committee will soon sign memorandum of understanding (MoU) with the two prosecutorial bodies as part of

SNNIT CALLS FOR AN INCREMENT OF CONTRIBUTION RATE

Social Security and National Insurance Trust (SSNIT) has called for a review of the contribution rate of workers to enable it to sustain the pension scheme and to pay workers higher pensions. Recently, the contribution rate is 11% of basic salary but SSNIT wants it reviewed to 19.2%. The forum was

Ghana to assist Guyana following oil & gas discoveries

Ghana to assist Guyana following oil & gas discoveries

Ghana has made available free technical assistance to Guyana, following the that country’s discovery of oil and gas resources offshore. Speaking at a State Luncheon held in his honour, on Tuesday, June 11, as part of his official visit to Guyana, President Akufo-Addo indicated that Ghana, following the recent discovery by

LOOM: A SCAM OR A SAVIOR?

The idea of loom was quite obscure among Ghanaians until recently. It has become common among most Ghanaian youth as a peer-to-peer pyramid ponzi scheme, giving them the opportunity to make 'quick money'. The scheme has gain popularity on most social media platforms all over the world with names such as

Depositors of 347 insolvent microfinance companies to receive payments today

Depositors of 347 insolvent microfinance companies to receive payments today

Bank of Ghana’s appointed Receiver for the 347 insolvent and dormant microfinance companies, Eric Nana Nipah, will Friday start paying depositors of the companies. A statement sanctioned by the Receiver, however, clarified that only depositors whose claims have been validated and agreed will be paid. The move follows the release of funds

Revoke Interpol red alert on our boss – Menzgold appeals to gov’t

Troubled gold dealership firm, Menzgold, has appealed to government to revoke an Interpol red alert issued on its Chief Executive Officer, Nana Appiah Mensah. The firm said in a release that the unjustifiable Interpol arrest and continued detention of its Chief Executive Officer due to the red alert were impeding efforts to

31 microcredit, 137 microfinance firms to remain operational – BoG

The Bank of Ghana (BoG) says about 137 microfinance and 31 microcredit companies are currently in good standing and would, therefore, remain operational in the country. This is after the BoG revoked the licences of some 386 insolvent microfinance and microcredit companies. This includes 192 microfinance companies having their licenses revoked with another 155 insolvent companies

Licences of 386 financial institutions revoked

Licences of 386 financial institutions revoked

The Bank of Ghana has revoked the licences of 386 insolvent microfinance and microcredit companies. This includes 192 microfinance companies having their licenses revoked with another 155 insolvent companies that have ceased operations also suffering the same fate. The Central Bank in a press release Friday also revoked the licences of 29 insolvent microcredit companies. BoG

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