Wednesday , July 24 2024

Business

Kumasi traders rally support for Bawumia ahead of NPP flagbearer election

Some traders in Kumasi have openly declared their support for Vice President Dr Mahamudu Bawumia to lead the governing New Patriotic Party (NPP) in the upcoming 2024 presidential election. The traders have therefore appealed to the party’s delegates to votes massively for the Vice President in the party’s presidential primary …

Read More »

Remove COVID-19 and Special Import Levies from 2024 Budget – GUTA

The Ghana Union of Traders Association (GUTA), has called for the removal of the COVID-19 Levy and the Special Import Levy in the 2024 budget. The President of GUTA, Dr. Joseph Obeng explained that when the cost of doing business is low, productivity will increase and the government will be …

Read More »

Menzgold offers GH₵‎5m for payment of its customers

Gold dealership firm, Menzgold, has announced the first bulk batch payment of GH₵‎5 million to its customers. The move, according to Menzgold, follows a successful verification exercise which took place between August 10 and September 14. A statement signed by the CEO, Nana Appiah Mensah, said the payment range will be between …

Read More »

We’ll still pursue Ato Essien for GH¢53m debt – Deputy AG

Deputy Attorney-General, Alfred Tuah-Yeboah, has confirmed that the state will continue to pursue the former CEO of the defunct Capital Bank, Ato Essien, even after he was sentenced to 15 years in prison. Mr. Tuah-Yeboah emphasized that the state intends to seize the former CEO’s immediate properties to recover a …

Read More »

Victims of Menzgold scam will get justice – Attorney General

The Attorney-General and Minister for Justice, Godfred Yeboah Dame has assured the victims of the Menzgold scam that justice will be served. Mr Dame admitted that the scam has broken homes and to some extent led to loss of lives. The A-G made this known when he addressed the “Fortieth …

Read More »

I don’t own anything in Ghana, not even a car – Nam 1

In the ongoing Menzgold controversy, where victims are relentlessly seeking justice for their vanished investments, the Chief Executive Officer has portrayed himself as the foremost casualty of the entire debacle. As the demands for accountability persist, Nana Appiah Mensah, also known as NAM 1, has admitted to being the one …

Read More »

Menzgold makes u-turn on GH¢650 verification card sale

Menzgold Ghana has announced the cancellation of a paid customer validation process in its efforts to facilitate the processing of payments for its aggrieved customers. In a letter dated August 18, 2023, the company informed its clients that this validation is necessary following the initial assessments, which according to them …

Read More »

Corruption at Passport Office: Minister sacks overstayed officers

Minister for Foreign Affairs and Regional Integration, Shirley Ayorkor Botchwey, has expressed worry over the continuous extortion and corruption at the Passport Office. On the back of this, Madam Ayorkor Botchwey has relieved staff who were seconded to the passport office of their duties. The Minister has directed that effective Monday, …

Read More »

IMF clarifies Bank of Ghana’s GH¢60 billion loss

IMF boss

The International Monetary Fund (IMF) has addressed the concerns surrounding the Bank of Ghana’s (BoG) GH¢60 billion loss incurred during the 2022 fiscal year, aiming to allay anxieties by asserting that there is no need for alarm. The BoG has faced heightened scrutiny from opposition political factions and civil society organisations due …

Read More »

Menzgold – 60% of customers ineligible for payment after validation process

The chief executive officer of the defunct gold trading company, Menzgold, Nana Appiah Mensah has announced that over sixty percent of claims submitted for validation were plagued with several defects. Menzgold on July 30 called on its clients to submit supporting documents for validation to facilitate payments. The company enumerated a …

Read More »