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    Ghana likely to secure US$3 billion from IMF for economic support

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    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    WAPCo commits to cleaner and reliable energy

    Government eyeing GH¢750m with new E-VAT policy

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    National AfCFTA Policy Framework and Action Plan launched to boost trade

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    IIPGH to enter coding education partnership with Telecoms Chamber

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    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

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US tilapia boss unable to make bail

bycitibusinessnews
November 4, 2014
in Banking And Finance, Business, News
Godfred Medicine, CEO,US Tilapia Investment Company

Godfred Medicine, CEO,US Tilapia Investment Company

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Citi Business News has gathered that the CEO OF US Tilapia, Godfred Medicine is still in police custody after he was arrested last Thursday.

Godfred Medicine was granted bail by a Kumasi High Court yesterday but has not been able to meet the sureties.

The police picked him up last week in Accra after a warrant for his arrest was issued by a Kumasi High Court.

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The Ashanti Regional Police Public Relations Officer, ASP Yussif Mohammed Tanko told Citi Business News Medicine failed to meet the conditions given by the court.

The Company was dragged to court by a number of its clients and investors for failing to honor a promised return on their investment.

US tilapia promised a 100% annual return or a 10% monthly return on invested funds, but failed to do so.

 

By:  Norvan Acquah -Hayford/citifmonline.com/Ghana

 

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