Author: Nerteley Nettey
-
Prosecutions will begin in August – Receiver for defunct Microfinance & S&Ls firms
The Receiver for the defunct 347 Microfinance Companies and 23 Savings and Loans Companies and Finance Houses, Eric Nana Nipah, says the government is not only interested in recovering assets and paying depositors, but will also commence prosecutions from August this year. In an interview with Citi Business News, Mr. Nipah, who has assured a…
-
Receiver to pay all depositors of defunct Microfinance & S&Ls firms by end of July
The Receiver of the defunct 347 Micro Finance Companies, 23 Savings and Loans and Finance Houses, Eric Nana Nipah, says customers who have not received their claims, should be able to access them by the end of July this year. According to Mr. Nipah, he has already paid about 96% of customers, and is hopeful…
-
Why refined products standard is critical to Africa
A move by the African Refiners & Distributors Association (ARA), and the African Union (AU), to ensure common standard for the importation and refining of petroleum products on the continent remains critical to trade, environment and the economy of the region, stakeholders said, Wednesday. Under the plan, Africa is expected to adopt harmonized AFRI Clean…
-
Tackling tax-related disputes: Revenue Administration Bill goes through 2nd reading stage
Individuals or organizations that have issues with tax decisions made by the Commissioner General of the Ghana Revenue Authority, GRA, should be able to seek redress when the Revenue Administration (Amendment) Bill, 2020 comes into force. The Bill will also allow for the payment of a shortfall in tax liability due to omissions or misstatements,…
-
Bui Power Authority trains over 350 re-settlers in fish farming
The Bui Power Authority as part of its Environmental and Social Impact Assessment Resettlement Programme has trained over 350 people who were affected by the construction of the Bui Dam in fish farming. The move is to empower the beneficiaries economically to fend for themselves and their dependents. The construction of Bui Dam displaced many…
-
CSIR seeks support for farmers to grow highly nutritious local food crops
The Food Research Institute of the Council for Scientific and Industrial Research (CSIR), says it is supporting Ghanaian farmers in the production of some crops to encourage their consumption with the sole aim of boosting people’s immune system. According to the Health Nutritionist with the Institute, Dr. Jolene Mateko Nyako, there has been an increase…
-
Registrar-General’s Dep’t extends date for filing of annual returns again to 31st Dec.
The Registrar-General’s Department has extended the deadline for filing of Annual Returns by six more months from 31st July to 31st December, 2020. According to the Registrar General’s Department, this has been due to the continuous spread of the COVID-19 pandemic and the inability of companies to hold their Annual General Meetings. A statement issued…
-
Negotiations to pay claims to ex-staff of Microfinance and S&Ls firms starts today
The Receiver, Eric Nana Nipah will from Monday, July 13, 2020, begin negotiations with all authorized representatives of former employees of the defunct 347 microfinance firms and 23 savings and loans companies and Finance House firms to pay them their full outstanding salaries and negotiated and exit packages. This follows a decision by the Bank…
-
BoG to pre-finance outstanding salaries of ex-staff of Microfinance and S&Ls firms
The Bank of Ghana has agreed to pre-finance the full outstanding salaries and negotiated an exit packages of former employees of the defunct 347 microfinance firms and 23 savings and loans companies and Finance House firms. This was announced in a statement by the Receiver, Eric Nana Nipah, who doubles as a Director of PricewaterhouseCoopers…
-
No need for foreign partnership in management of Kotoka Int’l Airport – Minority
The Minority in Parliament has asked government to desist from negotiating an agreement with a strategic partner for the management of Kotoka International Airport. According to the Ranking Member on the Roads and Transport Committee, Governs Agbodza, any attempt to short-change Ghanaians in the agreement will not be taken lightly. Addressing the press in Parliament,…