BUSINESS

Some Menzgold customers have stormed the East Legon home of the CEO of the company Nana Appiah Mensah popularly known as NAM 1. The irate customers who went to the premises in buses are demanding the payment of their locked up investment. It comes after NAM 1 boasted on social media that about 200 customers have so far been paid ...

The Minority Leader in Parliament, Mr Haruna Iddrisu, has called on the Bank of Ghana (BOG) to provide full details for printing the new GHC100.00 and GHC200.00 notes to show transparency and accountability. He said Ghanaians deserved to know from Government the full procurement details and the rationale for printing currency notes of such higher denominations. “We demand better and ...

There appears to be confusion over disbursement of funds by Menzgold Ghana to its customers. While management of the embattled gold collectibles firm says nearly 200 customers of the company have been paid their funds which were locked up for months, some customers have vehemently denied receiving such monies. The Communications Director of Menzgold Ghana, Nii Armah Amarteifio, had in ...

The Minority in Parliament says with the imminent introduction of the Eco currency which Ghana has committed to join, the central bank and government cannot be speaking different languages regarding the introduction of higher denomination. In a statement Monday, Casiel Ato Forson, Ranking Member on Parliament’s Finance Committee said, “Even if Ghana opts to adopt the Eco after three years or even more, ...

Ethel Laurel Akafful, a 27-year-old hardworking Ghanaian lady has gone from the sales of items such as wristwatches and men’s shirts to owning her Oil & Gas Company. Businessworldghana.com reports that Laurel was also a teacher at a point in time. Reports indicate that throughout the times that the brilliant lady engaged in all her entrepreneurial activities, she always harboured ...

CalBank Limited has organized a Thanksgiving service at it’s head office in Accra as part of activities to mark the end of the year 2019. The mammoth event was to “thank God for seeing them through the year 2019,” organizers have said. Sunday’s event, which was under the supervision of Rev. Fr. Kpanie Addy SJ., saw the full participation of ...

Fifteen Model 3 sedans were handed over at the company’s so-called “Gigafactory” near Shanghai. It comes as Elon Musk’s company aims to secure a significant slice of the world’s biggest car market. Tesla’s move into the country comes as the trade war has forced other American companies to shift production out of China. During a ceremony at the company’s multi-billion ...

Ghana has backed eight African states on the decision to abandon the CFA Franc, in favour of the proposed, new common currency of ECOWAS, the ECO, beginning in 2020. A statement by the government of Ghana stated that “We, in Ghana, are determined to do whatever we can to enable us to join the Member States of UEMOA, soon, in ...

The Food and Drugs Authority has directed the immediate withdrawal of some 16 tomato paste brands from the market. In a statement, the FDA described the 16 tomato paste products as unwholesome and contain starch and colour ingredients which were not indicated on the labels. The FDA added that the ingredients are not permitted in tomato paste, thus, violating the ...

The Bank of Ghana will auction US$715 million in Forward Foreign Exchange Auctions in the whole of 2020. The months with the expected highest auctions of US$80 million each are January, February and March 2020. In accordance with the Foreign Exchange Forward Auction guidelines issued on the 23 September 2019, the Bank of Ghana said bids are invited as per ...