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Capital Bank Case: Ato Essien, others granted GHC200m bail

All four accused persons in the case of the Republic versus William Ato Essien and three others have pleaded not guilty to all 26 counts of Charges leveled against them by the State. The four accused persons appeared before the Commercial High Court presided over by Justice Eric Kyei Baffour. Charges A careful analysis of the charge sheet of the ...

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Aggrieved customers of Gold Coast Fund Mgt. stage demo today

Hundreds of aggrieved customers of the Gold Coast Security Fund Management (GCFM) are set for a mammoth street protest today to push the management of the company to pay back their locked-up funds. This is one of the several agitations held against the company by customers who have been fighting to retrieve monies due them. The Deputy Public Relations Officer ...

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Ghana’s macroeconomy is favorable – IMF

The International Monetary Fund, IMF has given Ghana’s economy a clean bill of health. According to an IMF team which is in the country for Article 4 Consultations, Ghana’s economy remains favorable. The IMF team on Wednesday, October 9 met with the Finance Committee of Parliament as part of its mission. The discussions, amongst others, centered on macroeconomic performance, revenue ...

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Water, Electricity & Comm Service tariffs hike takes effect today

Consumers will be paying more for services starting today following the announced increment in utility tarrifs and as well as taxes on communications services which takes effect today. The Public Utility Regulatory Commission(PURC) has increased water tariff by 2.2% while electricity is up by 5.9%. These new tarrifs come just three months after the PURC increased water and electricity tarrifs. ...

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BoG case against UniCredit dismissed, slapped with GHc3000 cost

The Vacation Court in Accra has dismissed an application by lawyers of the Bank of Ghana (BoG) seeking the court to strike out UniCredit case challenging the BoGs letter revoking its operational license. UniCredit after the Central Bank revoked it license, filed an application for judicial review in the nature of Certiorari. They were asking the court to quash the ...

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Transport fares go up by 10% today

The 10% increment in public transport fares is expected to take effect today, Monday, September 16, 2019. The Ghana Private Road Transport Union (GPRTU) announced the increment last Tuesday to cover intra-city transportation popularly known as Trotro, intercity or long-distance trips and shared taxis. Public Relations Officer for the Transport Ministry, Gloria Holmes Graves has urged both the transport operators ...

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Minimum capital requirement for Mobile Money companies pegged at GH¢20 million

+The Bank of Ghana in regulating the emergence of new payment streams, has issued the minimum capital for the licensing and authorisation of various payment service providers and financial technology companies. The Central Bank in a notice on Thursday, September, 12, 2019 pegged the minimum capital required for operating a mobile money company at GH¢20 million. This comes on the heels ...

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Help achieve self-reliant Ghana – Akufo Addo to sector players in Agric value chain

President of the Republic, Nana Addo Dankwa Akufo Addo, has appealed to private sector players in the agriculture value chain to join hands with his government in order to achieve a self-reliant Ghana together. Addressing a ceremony to formally commission the OMNIFERT Fertilizer Company in Dawhenya, Community 25, President Akufo Addo encouraged private sector players across the agriculture value chain ...

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Nduom releases list of over 4k debtors owing him GHc423m

Groupe Nduom has published a list of companies, Schools and individuals indebted to Gold Coast Fund Management (GCFM) This is in line with the processes undertaken by the President and Chairman of Groupe Nduom (GN), Dr. Papa Kwesi Nduom through the Gold Coast Fund Management (GCFM) in court to recover investment funds and pay aggrieved customers of their locked-up investments. ...

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Fiscal discipline restored – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo, says his Government, over the course of the last two and a half years in office, has succeeded in restoring fiscal discipline in the management of the economy, resulting in the macroeconomic indices pointing in the right direction. According to President Akufo-Addo, the favourable macroeconomic situation prevailing in the country is a firm indication of ...

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