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The General Superintendent of the Assemblies of God Rev. Professor Paul Frimpong-Manso has welcomed the decision by the government to tax churches. Government disclosed earlier this month plans to tax churches which have turned their fellowship into money-making venture through the Ghana Revenue Authority (GRA). To that end, the Commissioner of the
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There is chaos within the banking industry in Ghana. We have witnessed the roars of the central bank, especially through its very outspoken boss, Dr. Ernest Addison in what many term as measures aimed at “streamlining our banking sector and making it more compliant with regulations”. Any attempt to make entities
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The Auditor General has charged the Economic and Organized Crime Office (EOCO) for breaching the constitution as well as the public financial management Act. According to the 2016 Auditor General’s report on Consolidated Funds, EOCO kept GH¢1,168,998.37 it recovered from individuals and organizations in 2015 in contravention of article 176 of
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ICGC founder and board chairman of the defunct Capital Bank Dr. Mensa Otabil has opened up on his duties at the bank explaining that he had a “non-executive role”. He however explained in a statement Tuesday that decisions were made at the bank with the best of intentions. “My position was a
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President Akufo-Addo says government is considering lending 5 million dollars to Vester Oil Mills Company at Deduako in the Ejisu Municipality for it to expand its operation and create more jobs. Speaking in an interaction with management during a visit to the factory as part of his tour of the
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Lawyers for gold trading company Menzgold have rejected claims by the Precious Minerals Marketing Company (PMMC) that the company’s licence has been revoked. It follows ongoing disagreements between Menzgold and the Bank of Ghana over its operations. Managing Director of PMMC Opare Hammond is claiming Menzgold is not licensed to buy and
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The Management of Menzgold Ghana Limited has described as unfortunate and disparaging cautions by the Bank of Ghana that the public should be wary of investing with the gold investment company. According to the Central Bank, Menzgold, which is known as a precious minerals trading company, is carrying out unlawful transactions
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Despite assurances by the central bank that staff of the five banks that were merged to form the consolidated bank would not loose their jobs, most of them remain uncertain about their fate. The managing director of Royal Bank Osei Asafo-Adjei who interacted with GH One news said he was
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The Bank of Ghana has announced that it has taken over the management of some banks in the country because they have failed tom meet the minimum capital requirement. The affected banks are Royal Bank, Beige Bank, Sovereign Bank, The construction Bank and Unibank. The banks have been put under new name
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Some insurers who have stood the test of time, as well as others who have rolled out innovative policies over the years, were awarded at the maiden edition of the Ghana Insurance Awards. The event which took place on July 27 at the Kempinski Hotel Gold Coast City Accra brought insurance
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