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    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

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    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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    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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Rectified list of DKM customers to be out this week

bycitibusinessnews
November 28, 2016
in Banking And Finance, Government, Top Stories
DKM
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The Official Liquidator for DKM Microfinance, the Registrar General’s Department has told Citi Business News the final list of creditors affected in the error ridden list, will be released by close of this week.

According to the Official Liquidator, 93,000 validated customer list was completed last Saturday, November 26th, 2016.

The Principal Company Inspector for the Official Liquidator for DKM Microfinance, Jones Nathaniel Ansah, earlier told Citi Business News customers who were paid less than their entitlements would be paid their monies after all the necessary corrections are completed.

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Mr. Ansah was optimistic the creditors will receive their monies this week when the final list is released.

“Ninety three thousand claims have been verified by PWC. They have made it known to us that it has been done but what they are doing probably is to finalize the list of payment to those creditors over there so tomorrow we are going to have those that came for their money or those that didn’t come for it  then will take it up from there,” he said.

Background

Thousands of customers of DKM Microfinance Company lost their investments running into millions of cedis after the owners of the company invested in unapproved venture and lost their funds.

Customers of the company thronged to all the branches to withdraw their funds after the news went viral, creating a panic situation.

The Bank of Ghana confiscated the assets of the company and appointed the Registrar General’s Department to commence liquidation process to refund customers of the company.

–

By: Anita Arthur/citibusinessnews.com/Ghana.

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