Author: newsfilegh

The Ghana Education Service (GES) has postponed the re-opening date for Form 3 Senior High School students to Sunday, August 25. The students were initially supposed to return to school on Monday, August 19, but a statement released by the GES on Friday said there has been a change in the re-opening date following a stakeholder meeting. “This means that Form 3 students are to report for the 1st Semester of the 2019/2020 academic year on  Sunday, 25th August 2019 for academic work to begin on Monday, 26th August, 2019,” the statement said. The GES further stated the various stakeholders…

The Ghana Education Service (GES) has postponed the re-opening date for Form 3 Senior High School students to Sunday, August 25. The students were initially supposed to return to school on Monday, August 19, but a statement released by the GES on Friday said there has been a change in the re-opening date following a stakeholder meeting. “This means that Form 3 students are to report for the 1st Semester of the 2019/2020 academic year on  Sunday, 25th August 2019 for academic work to begin on Monday, 26th August, 2019,” the statement said. The GES further stated the various stakeholders…

DPS International Ghana joined millions of Indians in Ghana and around the world in commemorating the 73rd Independence day of India. Scores of Indians and ‘friends’ of India rallied at the Accra residence of the Indian High Commissioner for Ghana, His Excellency Mr Birender Singh Yadav on Thursday, August 15, 2019, to celebrate the milestone. Pupils of DPS International Ghana recalled the struggles of a very long period of slavery under the British Rule and proclaimed that now independent India has made all-round socio-economic progress. The students also paid tribute to the three armed forces of India for their exemplary…

Management of GN Savings and Loans Limited has stated they are unaware about the appointment of a Receiver for the company following a revocation of their license. This comes on the back of a statement released by the Bank of Ghana on Friday to the effect that the operating licenses of 23 savings and loans companies have been revoked for failing to meet the minimum capital requirement. GN Savings and Loans, 22 others closed down But in a statement signed by Chairman of Groupe Ndoum (mother company of GN Savings and Loans Company), Dr. Papa Kwesi Ndoum, the company said…

Management of GN Savings and Loans Limited has stated they are unaware about the appointment of a Receiver for the company following a revocation of their license. This comes on the back of a statement released by the Bank of Ghana on Friday to the effect that the operating licenses of 23 savings and loans companies have been revoked for failing to meet the minimum capital requirement. GN Savings and Loans, 22 others closed down But in a statement signed by Chairman of Groupe Ndoum (mother company of GN Savings and Loans Company), Dr. Papa Kwesi Ndoum, the company said…

The Bank of Ghana says it will, together with government, launch the commencement of operations of the Ghana Deposit Protection Scheme from next month to protect depositors’ interests. This comes in the wake of the completion of a two-year-long clean-up of the banking sector. BoG completes clean-up of banking sector The clean-up saw the revocation of licenses of nine universal banks, 347 microfinance companies, 39 micro-credit companies, 15 savings and loans companies, eight finance house companies and two non-bank financial institutions that have already ceased operations. The clean-up began in August 2017 with the takeover of UT Bank and Capital…

The Bank of Ghana has in a statement released on Friday, August 16 announced that the licenses of some 23 Savings and Loans and Financial Services companies have been revoked. According to the BoG, the 23 institutions are insolvent and have been unable to recapitalize although the Bank of Ghana gave them a grace period to do so. GN Savings and Loans, 22 others closed down The revocation of these licenses forms part of efforts by the Bank of Ghana to clean up the financial sector. LIST OF TWENTY-THREE (23) INSOLVENT INSTITUTIONS WHOSE LICENCES HAVE BEEN REVOKED  NO. NAMES OF…

The Bank of Ghana has in a statement released on Friday, August 16 announced that the licenses of some 23 Savings and Loans and Financial Services companies have been revoked. According to the BoG, the 23 institutions are insolvent and have been unable to recapitalize although the Bank of Ghana gave them a grace period to do so. GN Savings and Loans, 22 others closed down The revocation of these licenses forms part of efforts by the Bank of Ghana to clean up the financial sector. LIST OF TWENTY-THREE (23) INSOLVENT INSTITUTIONS WHOSE LICENCES HAVE BEEN REVOKED  NO. NAMES OF…

The Bank of Ghana has explained why it revoked the license of GN Savings and Loans after reclassifying it last year from a universal bank following its failure to meet the minimum capital requirement. Chairman of Groupe Nduom Dr Papa Kwesi Nduom had accused government of non-payment of contractors resulting in the crisis of financial institutions including his, GN Bank. But the Central Bank says even when the total amount owed erstwhile GN Bank is paid, it will not address its capital deficit. “While GN has indicated that government owes it a total amount of GH¢942.98 million of which GH¢102.73…

Singer R. Kelly has missed a court hearing, with prosecutors claiming he “refused transport” from jail. The R&B star was due at a pre-trial hearing for his sex abuse case in Chicago, Illinois, on Thursday. Kelly’s lawyer said it was “not 100% true” that the singer had refused transport, but explained that “moving Mr Kelly is a large undertaking”. The singer is currently facing several state and federal charges of sexual abuse in the US, which he denies. The accusations include sexual assault, abuse of a minor, making indecent images of minors, racketeering and obstruction of justice. The hearing in…