Friday , October 30 2020

Business

State charges Asiama, Duffour and 7 others over collapse of uniBank

A former Deputy Governor of the Bank of Ghana (BoG), founder of uniBank Ghana Limited and his son as well as six others have been charged by the state with 68 offences for their roles leading to the collapse of the bank in 2017. Kwabena Duffour, Honda Holdings Limited, Johnson Pandit …

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Airbus scandal: Former Finance Minister explains how Ghana bought its military aircraft

A former Finance Minister in the John Mahama administration has broken his silence over what role the Ministry played in the purchase of Airbus aircraft for Ghana’s military. Seth Terpker said there is a smart borrowing debt management behind the purchase of the military aircraft acquired from Airbus. He told Joy Business’ …

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Government to intervene to avoid collapse of Neoplan Ghana Limited

The Deputy Minister of Trade and Industry says the government is ready to intervene to avoid the collapse of Neoplan Ghana Limited. Carlos Ahenkorah said “Let me say on authority, it’s not government’s desire to see Neoplan collapse. It has been one of the flagship companies of Ghana.” Speaking to …

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Moody’s changes Ghana’s outlook to positive from stable, affirms B3 rating

Moody’s Investors Service (‘Moody’s’) has today affirmed Ghana’s long-term issuer and senior unsecured bond ratings at B3 and changed the outlook to positive from stable. Moody’s has concurrently affirmed the rating of the bond enhanced by a partial guarantee from the International Development Association (IDA, Aaa stable) at B1. The …

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Ex-BoG governor wanted

Report reaching DGN online indicates that the police have launched a manhunt for the arrest of a former Deputy Governor of the Bank of Ghana, Dr. Johnson Asiamah. The former deputy Governor is wanted in connection with the banking crisis that led to the collapse of nine commercial banks. The …

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Kwabena Duffuor, former BoG Deputy Governor ‘can’t be located by police’?

It has emerged that police are earnestly looking for Dr Kwabena Duffuor Snr, founder of now collapsed uniBank and former Deputy Governor of the Bank of Ghana (BoG), Dr Johnson Asiama. The two have been cited for various banking regulation infractions that have led to the collapse of the bank. …

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Gov’t considers compensation for frustrated traders at Nigeria-Benin border

Government says it is considering a compensation package for Ghanaian traders whose goods have been locked up at the Nigeria-Benin border following the closure by Nigerian land borders last year. The border shut down in September 2019 by Nigerian authorities to check the smuggling of cheap goods as well as …

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MTN to announce compensation for network disruption

MTN

Telecoms giant, MTN, says it is finalising modalities to compensate its subscribers for the major network disruption last week. Corporate Services Executive at the leading mobile network operator, Sam Koranteng, said discussions on the compensation package will soon be announced. “At MTN, when our subscribers have gone through some discomfort …

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Banks collapse: Dr. Kwabena Duffour runs to court for ‘cover’ after BNI invitation

The founder of the UniBank, Dr. Kwabena Duffour, is seeking an interlocutory injunction from the court to restrain the Ghana Police Service over what he describes as “unlawful threats and harassment” following an invitation from the Crime Investigation Department (CID) last week. According to the embattled businessman cum politician, he …

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Akufo-Addo has created over 350,000 jobs – Pius Hadzide

How the U.S. is laying claim to the groundwork for Ghana's 'Year of Return'

President Akufo-Addo since assuming the reigns of power on January 7, 2017 has created 350,000 jobs and counting, Deputy Minister of Information, Pius Enam Hadzide has claimed. Speaking in an interview transcribed by MyNewsGh.com, Mr. Hadzide said Akufo-Addo has done a yeoman’s job so far in the area of job …

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