BUSINESS

Tarkwa: Menzgold customers protest, threaten disruption in next demo

Hundreds of aggrieved customers of troubled gold trading firm, Menzgold Ghana Limited, on Tuesday thronged the streets of Tarkwa in the Western region to demonstrate over their locked up funds. The customers for months have been demanding payment of their principal investments after the gold dealership company was instructed by the Securities and Exchange Commission (SEC) to halt operations. Several ...

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EOCO chases Maurice Ampaw over Menzgold car

The Economic and Organised Crime Office (EOCO) is on the heels of Maurice Ampaw, who still in possession of a Toyota Land Cruiser Prado belonging to embattled gold dealership firm, Menzgold Ghana Limited. Maurice Ampaw, according to the anti-graft body, is among six people, who are yet to surrender vehicles belonging to the beleaguered company, whose Chief Executive Officer (CEO), ...

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I lost my investment too – SEC Boss

Director General of Securities & Exchange Commission (SEC), Rev. Dr. Daniel Ogbarmey-Tetteh, has revealed that he is also a victim of a failed investment. Failing to mention the name of the investment firm, the former vice president of Databank told Francis Abban on the Morning Starr Monday that he lost his money shortly after investing in the policy. “I wouldn’t ...

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15 BoG staff hot over collapsed banks

At least 15 staff of the Bank of Ghana are before a Disciplinary Committee over misconduct leading to the collapse of over seven banks in Ghana. The newly formed Ethics and Investigative Office of the Central Bank referred the 15 officials to the committee after investigating their alleged role in licensing and supervising the defunct banks. The Office was set ...

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We didn’t collapse Menzgold – SEC

The Securities and Exchange Commission (SEC) has strongly rejected claims it is responsible for the collapse of gold trading firm Menzgold Ghana Limited. SEC ordered Menzgold in September last year to suspend their operation with the public. According to the Commission, Menzgold did not have the license to trade in gold collectibles and that doing so was in contravention of ...

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Ghana nears eligibility for West African single currency

Ghana is now close to having the right to join the common currency for West Africa that the sub region’s various member states have been working towards for several decades. Having met all but one of the many economic and financial criteria for becoming part of the single currency zone all that is left is for the country to meet ...

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GN Savings and Loans in talks with another bank to improve liquidity

GN Savings and Loans, previously GN Bank, says it is finalizing talks with another bank to possibly help it meet its financial obligations. The move is part of some emergency measures to help deal with current liquidity challenges facing the Savings and Loans Company. Details of the deal JoyBusiness is learning that GN has received applications from eight commercial banks ...

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Only 2% of SHS graduates prefer entrepreneurship – Minister

Only two per cent of senior high school (SHS) students in the country are willing to venture into self-built enterprises after school, the Minister of Business Development, Dr Ibrahim Mohammed Awal, has disclosed. He said while 120,000 students who graduated from the various universities in the country annually were interested in public sector jobs, the government could employ only 10,000 ...

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Ghana-Togo Maritime Dispute: International arbitration an option – Team Ghana

The government of Ghana has announced that it will not hesitate to seek international arbitration if its counterparts from neighbouring Togo fail to cooperate with Ghana’s Technical Delegation Team that is negotiating a maritime dispute along the eastern border of the country. Ghana and Togo have failed to come to a consensus after three rounds of negotiations on the maritime ...

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Cartons of unwholesome Litty Mackerel destroyed by FDA

The Food and Drugs Authority (FDA) has destroyed 317 cartons of unregistered and unwholesome Litty Mackerel at the Nsumia landfill site, near Nsawam. Briefing the Daily Graphic, the Public Relations Officer of the FDA, Mr James Lartey, explained that a physical inspection of the product revealed that the tins were dented, bloated or leaking. He said two persons had so ...

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