BUSINESS

The founder of the defunct bank UT Prince Kofi Amoabeng has been arrested and charged over his role in the collapse of the bank in 2017. He has pleaded not guilty to stealing GHc51, 334, 3o6.08 and $8, 612, 829.20 respectively between 2009 and 2017. He was arrested in his office and processed in court on Tuesday. He has pleaded ...

Prince Kofi Amoabeng, founder of the now-defunct UT Bank, has been arrested over the collapse of the bank. He is said to have been picked up at his office, Tuesday. This follows a bench warrant for his arrest issued by the Accra Circuit Court, Monday. The businessman, according to reports, will soon be prepared for the Accra Circuit Court IV. ...

The Chief Executive Officer (CEO) of defunct Beige Bank, Mike Nyinaku, has been remanded in police custody. He is to be held there for one week. This follows the dismissal of a bail application by his lawyers who assured the court that he will cooperate with the ongoing trial. Although the application was not opposed by the prosecution, the judge ...

The Trades Union Congress (TUC) has urged the government to take immediate steps to improve job creation and livelihood empowerment among Ghanaians. At a meeting held on December 18 and 19, the General Council of the TUC also called for a review of Ghana’s trade policy which it believes “seems to disadvantage Ghanaians in favour of foreigners.” The Council also ...

The International Monetary Fund (IMF) has stated that the government must reinstate some abolished taxes and expand some existing ones in other to meet its short-term revenue projections. The Board of the Fund in its recent report on Ghana stated that the government must consider urgent tax measures like the reintroduction of the controversial 17.5 percent VAT on financial services ...

The hardworking Ahafo Regional Minister, who represents the good people of Asunafo North Constituency as their legislator in his first term at the Parliament of Ghana, Hon. Evans Opoku Bobie. He made this statement in his working visit at Ocean Wood Ghana Company Limited in the Ahafo Region. The said mentioned company is located at Nyamebekyere Nkwanta, a conurbation within ...

It is emerging that banks are still accruing a large percentage of their income from their investments in various securities. The latest banking sector report released by the Bank of Ghana disclosed that this component of income increased to 44.8 percent in October 2019 from 42.9 percent in October 2018. The Bank of Ghana’s industry report showed that income from ...

Three persons have been arrested by the Kpetoe District Police for stealing from the Ghana Revenue Authority (GRA) Academy premises in the Volta Region. The three, according to police, confessed to the crime at the Kpetoe District Court on Thursday, January 8, 2020. The three, James Kwadzo Badawusu, aged 18; Godsway Bedu, aged 21; and John Agbowali, aged 21, pleaded ...

CalBank is pleased to announce the appointment of Mr. Philip Owiredu as the Chief Executive Officer (CEO) of the Bank effective 1st January 2020. The appointment of the new CEO was approved by the Bank of Ghana in December 2019. Mr. Owiredu has been an outstanding leader during his tenure as the Bank’s Executive Director/Chief Financial Officer (CFO) since 2011. ...

The Greater Accra Regional Police Command has arrested over 100 customers of Menzgold who stormed the house of the company’s Chief Executive Nana Appiah Mensah, NAM1. The Head of Operations at the Accra Regional Police Command, Assistant Commissioner of Police (ACP) Kwesi Ofori, briefing the media said the customers did not inform the police of the exercise. Explaining reasons for ...