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GHC400m Oil Cash ‘Missing’

The Public Interest and Accountability Committee (PIAC) says it is yet to receive any form of correspondence from the Ministry of Finance (MoF) explaining the whereabouts of the over-GH¢400million unutilised oil revenues allocated to the Annual Budget Funding Amount (ABFA) in 2017, as spelt out in the Petroleum Revenue Management …

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If Menzgold Goes Down It means Akufo-Addo Hates The Youth – Shatta Wale

Dancehall artiste, Shatta Wale says if MenzGold which is owned by his boss, Nana Appiah Mensah goes down, it is a clear indication that the President of Ghana, Nana Addo Dankwa Akufo-Addo is not in touch with the youth. Over the past week, there has been a tussle between MenzGold …

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UT Bank Collapse: MP Denies Taking GHC30m Loan

The Member of Parliament for Efutu in the Central Region has denied receiving an under-collateralised ¢30 million loan from the defunct UT Bank. Alexander Afenyo Markin’s response comes after a report on the collapsed UT and Capital Banks said the loan he was supposed to have taken flouted prudential regulations. …

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UT Bank Wanted To Meet John Mahama Over Ibrahim Mahama’s ¢302m Loan

A financial autopsy report into the collapse of UT bank has linked the indigenous bank’s demise to Ibrahim Mahama, brother of then-President John Mahama. He owed the bank ¢302m, a facility that was extended to his four companies in ways that required UT Bank to bend over backwards. His persistent …

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Consolidated Bank Overtakes Ecobank Ghana

The newly established Consolidated Bank Ghana Limited (CBG) has overtaken Ecobank Ghana Limited to become the second biggest bank by branch network in the country. After consolidating the operations of five erstwhile banks, CBG’s location points came up to 175 in nine regions compared to 67 locations in eight regions …

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We Have Nothing To Hide; EOCO, Auditor General Probe Welcome – NHIA

The National Health Insurance Authority (NHIA) has welcomed the calls for an audit of the Authority. A health NGO has petitioned Economic and Organised Crime Office (EOCO) and the Auditor General to investigate and audit the authority. The Africa Centre For Health Policy (ACeHP) has petitioned the two bodies to …

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PMMC Has Lost Rights To License Gold Dealers – Lawyer reveals

The Precious Minerals Marketing Company (PMMC) has lost the rights to license gold exporters and it is not the body to authorise the operations of Menzgold, a top lawyer in the country revealed on Thursday. Kwame Akuffo, the lawyer for Menzgold, revealed that the Minerals Commission is the body that …

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CBG ‘Fiscal Fraud On Taxpayers’ – Adongo

Bolgatanga Central MP, Isaac Adongo, has said that the collapse of some five local banks and the subsequent creation of the Consolidated Bank Ghana (CBG) Limited, is nothing short of “a fiscal fraud on the Ghanaian taxpayer”. CBG was recently formed by the Bank of Ghana (BoG) when it fused …

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We’re Duly Licensed; PMMC MD ‘Defaming, Undermining Our Reputation’ – Menzgold

Gold-buying company Menzgold Ghana Limited has said claims by the Managing Director of Precious Minerals Marketing Company (PMMC), Mr Opare Hammond that it is not licensed, amounts to “economic defamation” and “undermining” of its reputation. The company’s lawyer, Kwame Akuffo, said on Thursday, 9 August 2018 that contrary to the …

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Menzgold Tells PMMC To Stay Off After Telling BoG to Shut Up

Menzgold Company Limited has disputed claims by the Precious Minerals Marketing Company (PMMC), that it is violating the law in its trade of gold in the country. Counsel for the company, Kwame Akufo, told Joy News there are records to show that in August 2014, then Menzbank applied for a …

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