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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

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    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

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    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

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NLA resumes operations with SIMNET despite earlier rift

bycitibusinessnews
November 2, 2015
in Business, Local Economy, Top Stories
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The National Lottery Authority (NLA), has re-engaged SIMNET Ghana Ltd. (SIMNET) to provide NLA with Online Lottery Services despite an earlier rift between them.

[contextly_sidebar id=”mQcCOVeVyA0kUnIE5hpXzEAYGrWvNW68″]According to the authority with the renewal of the relationship, SIMNET would operate alongside the existing Online Lottery Service provider, LOTS Services and together with LOTS boost the authority’s  revenue generation.

SIMNET Ghana Limited, at the time a technical service provider for the NLA, in October 2012 withdraw its services to the authority.

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SIMNET Ghana  terminated its operations with the NLA because of disputes over the payment of bills for rendered services.

Over 4,000 lotto receivers went out of business for months following SIMNET’s move.

A court years later ordered the NLA to pay a debt of GH¢30 million for delayed payment of invoices with interest to SIMNET from an earlier court order.

NLA was later ordered again by an Accra High court to pay another judgment debt.

The court ordered NLA to pay the money in a second lawsuit filed by SIMNET as damages caused by the NLA for engaging the services of a French company to render the same services it contracted SIMNET to deliver.

 

It’s unclear how the matter panned out as both teams have remained tight lipped over the issue except for the NLA in a statement – today November 2, 2015 to say it is confident that the re-engagement of SIMNET would broaden the retailer penetration throughout the country and evidently accord its valued patrons visibility and access to NLA’s Point of Sale Terminals (POSTs) with ease.

‘NLA is confident that the re-engagement of SIMNET would broaden the Retailer penetration throughout the country and evidently accord our valued patrons visibility and access to NLA’s Point of Sale Terminals (POSTs) with ease. NLA takes this opportunity to welcome SIMNET back and promises its cherished Lotto Marketing Companies (LMCs) greater efficiency designed to let their businesses thrive’.

NLA also welcomed SIMNET back. ‘NLA takes this opportunity to welcome SIMNET back and promises its cherished Lotto Marketing Companies (LMCs) greater efficiency designed to let their businesses thrive’.

–

By:  Vivian Kai Lokko/citifmonline.com/Ghana

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