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Xenophobic attacks: SA to compensate properly registered Ghanaian businesses

Xenophobic attacks

The South African government’s special envoy to Ghana says properly registered and insured tax-paying Ghanaians businesses in South Africa will be compensated. Jeffrey Radebe expressed deep regret for the attacks and called for cooperation among African states to deal with the socio-economic issues that underline such attacks. At least three Ghanaians were injured in

Criminal investigations loom as BoG fires corrupt official

Bank of Ghana

The Bank of Ghana (BoG) has forwarded the Sibton Switch case to the relevant government agencies for criminal investigations. JoyBusiness understands all the necessary documents covering investigations done by the central bank would be handed over to the necessary security agency for criminal investigations and prosecution. The central bank on Friday dismissed one of

Akufo-Addo commissions Omnifert Fertilizer Factory

President Nana Addo Dankwa Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has commissioned the OmniFert Fertilizer Factory, a wholly-owned Ghanaian fertilizer manufacturing company. At the commissioning ceremony on Friday, 6th September, 2019, President Akufo-Addo applauded the promoters of this project for the work they have done in establishing a world-class facility, which, when its second phase is completed, will make it the

MTN closes down all stores in Nigeria after anti-South African attacks

The Nigerian division of South African telecom operator MTN said on Wednesday it will close all stores and service centres in the country until further notice after its facilities in three cities were attacked. The facilities were attacked after days of riots in South Africa chiefly targeting foreign-owned, including Nigerian, businesses. “The

Menzgold CEO faces 48 fresh charges

Nana Appiah Mensah

State Prosecutors have pressed new charges against Chief Executive Officer of Menzgold Ghana Limited. Nana Appiah Mensah who was facing 13 charges last month, has 48 additional charges to answer. ASP Sylvester Asare, who is leading the state’s Prosecution, asked the Circuit court Tuesday, for an adjournment to file the new charge

Pastors, schools, individuals owe Nduom more than ₵423million. See list here

Dr. Papa Kwesi Nduom

President and Chairman of Groupe Nduom (GN), Dr. Papa Kwesi Nduom, has released a list of companies and individuals indebted to his investment firm, Gold Coast Fund Management (GCFM). This is the latest move by the troubled businessman as part of a court process to secure investment funds and pay aggrieved customers their locked-up investments The

BREAKING: BoG revokes licenses of 23 insolvent savings and loans companies

BoG revokes licenses

The Bank of Ghana (BoG) has revoked the licences of twenty-three insolvent savings and loans companies and finance house companies. The Bank of Ghana has also appointed Eric Nipah as a Receiver for the specified institutions in line with section 123 (2) of Act 930. According to a statement from BoG, “The

Talks ongoing to reduce data cost, increase coverage – Bawumia

fishing landing site

Ghanaians may be paying less for data in the near future if balance is found between the Telcos and the state. Vice President Mahamudu Bawumia has revealed that talks have already begun to achieve same. The Veep said at a lecture at the National Theatre on Tuesday evening that he has met

We’ve not defaulted, gov’t rather owes us $20M – Manganese Company

Managers of Ghana Manganese Company have described as inaccurate and inconsistent, the government's claims that the company failed to fulfill its financial obligations, which have resulted in over $300 million loss of revenue to the state. The company is, however, charging the government and the Ghana Revenue Authority (GRA), to fulfill