Author: newsfilegh

The Chief Executive Officer of gold dealership company Menzgold Ghana Limited, Nana Appiah Mensah, has been released from police custody after meeting bail requirements. This comes on the back of the variation of his bail conditions by the circuit court on Tuesday. This was after the Accra Circuit Court removed the condition that the sureties must show evidence of owning properties worth GH¢1 billion. Nana Appiah Mensah was granted bail on Friday, July 26 but had been in police custody due to his inability to meet the conditions including five sureties with three to be justified. Prior to his release,…

Governor of the Bank of Ghana Dr Ernest Addison has said the clean-up exercise carried out within the banking sector in 2017 is not done. He indicates that until persons involved in violating one law or the other are prosecuted, the reforms which saw some banks fold up will not be complete. “Until we finish with the judiciary process, I think that the cleanup is not completely done.” The steps taken by the Central Bank to sanitize the banking sector resulted in the closure of certain distressed banks. Thirteen billion Cedis was injected into the sector to recapitalize some banks…

Governor of the Bank of Ghana Dr Ernest Addison has said the clean-up exercise carried out within the banking sector in 2017 is not done. He indicates that until persons involved in violating one law or the other are prosecuted, the reforms which saw some banks fold up will not be complete. “Until we finish with the judiciary process, I think that the cleanup is not completely done.” The steps taken by the Central Bank to sanitize the banking sector resulted in the closure of certain distressed banks. Thirteen billion Cedis was injected into the sector to recapitalize some banks…

Six officers of the Border Patrols Unit of the Ghana Immigration Service in the Upper West Region have reportedly turned down a GHȻ25,000 bribe and arrested two trucks loaded with bags of smuggled fertilizer meant for government’s flagship Planting for Food and Jobs programme. A total of 1,950 bags were retrieved from the trucks, which were allegedly to neighboring Burkina Faso through Fielmo in the Sissala West District. Narrating the arrest to the media at Fielmo, the Hamile Sector Commander of the Service, Chief Superintendent Agyemang Busumpem, said they received a tip-off at about 1:00 am last Friday that two…

Governor of the Bank of Ghana, Dr. Ernest Addison is confident Ghana can achieve a single digit interest rate once the banks drastically reduced the non-performing loans in their books. In addition, he said a further reduction in policy rate would have an impact on the lending rate. Dr. Addison was speaking in an exclusive interview with 3news.com’s Etornam Sey. He also stated that since assuming his position as the Governor, the policy rate has reduced from 25% to 16% almost 900 basis points. Though the central bank has reduced policy rates in successive years, borrowers are yet to experience…

Governor of the Bank of Ghana, Dr. Ernest Addison is confident Ghana can achieve a single digit interest rate once the banks drastically reduced the non-performing loans in their books. In addition, he said a further reduction in policy rate would have an impact on the lending rate. Dr. Addison was speaking in an exclusive interview with 3news.com’s Etornam Sey. He also stated that since assuming his position as the Governor, the policy rate has reduced from 25% to 16% almost 900 basis points. Though the central bank has reduced policy rates in successive years, borrowers are yet to experience…

Work at the Takoradi Flour Mills has ceased following a misunderstanding between the workers and management. The workers have for the past one month been agitating for the removal of their expatriate General Manager Thierry Loupiac. The workers have accused Mr. Loupiac of gross disrespect and unruly behavior towards them. They claim that the Frenchman will without any provocation spew unprintable words on them. This attitude, the workers say, has demoralized them and want him removed. The workers on July 10 forced Mr. Loupiac out of his office following a decision by the workers union. The workers subsequently poured libation…

Customers of the Apenkwa-Fly Top branch of the Consolidated Bank Ghana (CBG) in Accra who thronged the premises of the bank on Tuesday, August 6 to withdraw money were turned away. Although the bank receives cash deposits, customers who went there last Friday and today August 6, to make withdrawal were denied their savings. According to some of the customers who spoke to Onua FM’s Sampson Bonney, on Friday they were told the bank was upgrading its system, and so they were not allowed to make withdrawal. According to them, they were directed to come on Tuesday, August 6, 2019…

Customers of the Apenkwa-Fly Top branch of the Consolidated Bank Ghana (CBG) in Accra who thronged the premises of the bank on Tuesday, August 6 to withdraw money were turned away. Although the bank receives cash deposits, customers who went there last Friday and today August 6, to make withdrawal were denied their savings. According to some of the customers who spoke to Onua FM’s Sampson Bonney, on Friday they were told the bank was upgrading its system, and so they were not allowed to make withdrawal. According to them, they were directed to come on Tuesday, August 6, 2019…

The National Lottery Authority (NLA), supported by the Ministry of Finance, Ministry of Defense and the Veterans Administration Ghana (VAG), has successfully launched VAG Lotto and Super 6 Jackpot Game on 6th August 2019 at the Authority’s Brennan Hall. The event was well attended by the board members, management and staff of the NLA, the board and management of VAG, lotto marketing companies, private lotto operators, lotto forecasters, veterans and host of other important dignitaries. The launch was chaired by General C.B. Yaache, with Dominic Nitiwul, Defense Minister as guest of honour for the Programme. According to the Defense Minister,…