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Ex-staff of UT, Capital banks demand GHS40m package

Ex-staff of UT, Capital banks demand GHS40m package

Staff of the now-defunct UT Bank and Capital Bank, have appealed to the receiver of the two failed banks, PricewaterhouseCoopers (Ghana) to pay them their severance package after recovering GHS400 million of the failed banks’ assets.In a press statement, the

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GHS455.9m of oil money pumped into Free SHS – Akufo-Addo

GHS455.9m of oil money pumped into Free SHS – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has said his administration has so far used GHS455.9 million of oil revenue for the Free Senior High School policy as part of his government’s efforts to create assets, and not waste oil money on

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Revenue collectors inflate taxes by over 300%

Revenue collectors inflate taxes by over 300%

Revenue collectors of the Nkoranza South Municipal Assembly in the Brong Ahafo Region are capitalising on the people’s ignorance to enrich themselves by inflating approved rates by as high as 300 percent. Sources say the revenue collectors not only swindle

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PIAC chases MoF for GHS403m oil money

PIAC chases MoF for GHS403m oil money

The Public Interest and Accountability Committee (PIAC) is demanding that the Ministry of Finance account for the whereabouts of some GHS403. 74 million of oil revenue.At a press conference on Monday, 15 October 2018, PIAC Chairman Dr. Steve Manteaw, said:

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GHS51m Saga: Govt eyes $7.5m Woyome assets

GHS51m Saga: Govt eyes $7.5m Woyome assets

About five properties estimated at $1.5 million each, reportedly owned by embattled businessman Alfred Agbesi Woyome, have been identified by the state for possible possession to defray part of the GHS51.2 million judgement debt which the state is trying to

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1,350 SMEs get $10m NEIP funding

1,350 SMEs get $10m NEIP funding

The government, through its flagship National Entrepreneurship and Innovation Plan Initiative (NEIP), has disbursed $10 million to 1,350 entrepreneurs of Small and Medium Enterprises (SMEs) as “seed capital” to set up their own businesses or revamp the existing ones.Each beneficiary

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Cedi to remain firm week ahead

Cedi to remain firm week ahead

Ghana’s cedi is seen firm next week on increased central bank dollar sales amid softening forex demand by businesses, analysts have said.For a second week in a row, the local unit has steadily recouped recent losses against the greenback after

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3 more domestic airlines to start operations Dec

3 more domestic airlines to start operations Dec

Aviation Minister Joseph Adda has directed the aviation industry regulator, the Ghana Civil Aviation Authority (GCAA), to ensure that it works assiduously to ensure that the three new airlines undergoing certification become operational by December. BabyJet, Ashanti Air and Unity

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Pay us 50% in 4wks! Angry clients tell “irresponsible, insensitive” Menzgold

Pay us 50% in 4wks! Angry clients tell “irresponsible, insensitive” Menzgold

Some aggrieved customers of Menzgold Ghana Limited have given the gold-trading firm a four-week ultimatum to pay 50 per cent of their total principal or face their wrath.According to the angry customers, they will not wait till the 90 days

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Pressure mounts on government to investigate missing $7 billion gold proceeds

Pressure mounts on government to investigate missing $7 billion gold proceeds

Pressure is mounting on the government to investigate how a whopping $7 billion worth of gold was shipped out of the country unaccounted for in the last couple of years. Steve Manteaw who heads the Public Interest Accountability Committee (PIAC)

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