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Tag Archives: Nana Otuo Acheampong

Sanction Menzgold if found culpable – Nana Otuo


The Bank of Ghana must invoke its power to sanction Menzgold if it views its activities as flouting provisions of the Banks and Specialized Deposit-Taking Institutions Act (Act 930). According to Banking Consultant, Nana Otuo Acheampong, failure to punish the company over possible grounds of breaching the law may result in a repetition of the act. The comment comes on ...

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Banking Consultant rejects money laundering claims against Otumfuo

Banking consultant and Head of the Osei Tutu II Centre for Executive Education and Research, Nana Otuo Acheampong

Banking Consultant, Nana Otuo Acheampong has clarified that the Asantehene Otumfuo Osei Tutu II could not have been engaged in any act of money laundering considering the failure of any swift action over the allegation leveled against him. He explains that even though the deposits ordered by the traditional leader triggered a suspicion of money laundering, the inability of a ...

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Banks have 1 year to meet new capital

Governor of BoG, Dr. Ernest Addison

The central bank has given commercial banks in the country up to the end of next year – December 2018, to meet the new minimum capital requirement. The central bank has announced that in accordance with section 28 (1)  of the Banks and Specialized Deposit Taking Institutions Act 2016 Act (930) it has revised upwards the minimum paid up capital ...

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Be measured in expectations of new gov’t – Nana Otuo Acheampong

President Nana Akufo Addo

Businesses may have to be moderate in their expectations of the new government in addressing their concerns immediately. This is the suggestion from Banking Consultant, Nana Otuo Acheampong. His advice comes on the back of renewed calls by various business associations on their expectations following the inauguration of President Nana Akufo-Addo. The calls have largely bordered on taxation, job creation, ...

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