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    BOST clarifies amount paid for iPhones bought for company executives

    Fuel prices to remain fairly stable at the pumps – COPEC

    Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions

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    Rock of the Future: Chairman of Atlantic Lithium Neil Herbert (l) presents a sample of Lithium ore to MIIF CEO Edward Nana Yaw Koranteng. Demand for Lithium is set to quadruple over the next ten years due to the accelera- tion in the production of Electronic Vehicles (EVs).

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    BOST clarifies amount paid for iPhones bought for company executives

    IMF hopeful Ghana will soon reach agreement with Official Credit Committee

    Fuel prices to remain fairly stable at the pumps – COPEC

    Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions

    2023 #CitiBusinessOlympics: Defending champions GCB retains title

    Check out some lively photos from 2023 #CitiBusinessOlympics

    #CitiBusinessOlympics: Citi TV/Citi FM applauded for well-organized event

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    FBNBank Ghana launches Akye promotion

    Transport owners and the missing NPA: who assured Sentuo to import BRVs?

    BOST clarifies amount paid for iPhones bought for company executives

    Fuel prices to remain fairly stable at the pumps – COPEC

    Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions

    Thousands to participate in 2023 #CitiBusinessOlympics today

    Vodafone Ghana’s commitment to SMEs shines at Business Runway 2023

    SMEs must incentivize staff to unlock full potential – Access Bank Board Chair

    Rock of the Future: Chairman of Atlantic Lithium Neil Herbert (l) presents a sample of Lithium ore to MIIF CEO Edward Nana Yaw Koranteng. Demand for Lithium is set to quadruple over the next ten years due to the accelera- tion in the production of Electronic Vehicles (EVs).

    MIIF to invest an initial $32.9 million into Ghana’s first lithium mine

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    Genius IT Foundation achieves STEM.org accreditation

    Pharmaceutical Society charged to utilize AI to transform industry

    Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go

    China launches $41 billion fund to accelerate semiconductor industry

    Digital marketing: Event managers urged to explore growth opportunities

    Govt. urged to commit more investments to enhance AI competencies

    Stakeholders in digital ecosystem charged to do more to protect child privacy

    Cyber hygiene key for public safety – Dr. Albert Antwi Boasiako

    Ban on cryptocurrency still in force – Finance Ministry warns

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    Nine ventures announced for Africa Money and DeFi Summit investment showcase

    African Union to launch regional credit rating agency in 2024

    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

    ECO currency challenges: Technical committee attributes delays to external shocks, others

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Official Liquidator for defunct Fund Managers seeks clients’ help to prosecute ex-officials

byBobbie Osei
September 9, 2020
in Banking And Finance, Top Stories
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The Registrar General, Jemima Oware, has asked disgruntled clients of defunct fund management companies to furnish her with any evidence suggesting misconduct by former directors of the affected companies, to enable her take legal action against them.

She said this in reaction to calls by participants in the ongoing creditor meetings for the official liquidator to investigate key characters responsible for the collapse of the companies they invested their funds in.

Speaking to Citi Business News, Mrs. Oware said calls for the investigation and subsequent prosecution of ex-officials of the collapsed companies can be accelerated if the clients provide her office with incriminating evidence.

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“Of course, I’ve told them, with the kind of asset base that I have, if they know of anybody, any of the directors who’s hidden assets or siphoned funds, they can assist the official liquidator. And with that whatever investigations we carry out, if there’s any fraud we’ll hand them over to the Attorney General for prosecution. But I need information.”

The Registrar General also called for calm among the disgruntled clients of the fund management companies, who are taking part in the creditor meetings, and assured that her outfit will do everything possible to ensure that all legitimate claims are validated and paid in the shortest possible time.

“It became clear during the early creditor meetings that they were more interested in when they will receive their funds. But we made them understand that we would be having some class meetings after the creditor meetings for all the investors where we will spell out what the bailout package will be.”

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