Author: Nerteley Nettey

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Lawyers for Dr. Papa Kwesi Ndoum have asked the High Court to reject the evidence being relied on by the Bank of Ghana and the Receiver of GN Savings & Loans justifying their decision to revoke the license of the financial institution. According to the lawyers, some documents filed by the defendants such as their…

Our balance sheet is now stronger after gov’t settled its debt – ECG MD

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in Local Economy, Top Stories

The Electricity Company of Ghana (ECG) says government had “averagely paid GHC2 billion directly to ECG’s suppliers (i.e VRA, IPPs and GRIDCo) to defray the Government of Ghana’s indebtedness to ECG.” This follows claims by the Minority that government had settled arrears owed the company. Earlier this week, the Minister of Energy, John Peter Amewu,…

GhIPSS, GAB extend waiver of charges on digital banking platforms to June 20

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The Ghana Association of Bankers (GAB), and the Ghana Interbank Payment and Settlement Systems (GhIPSS) have agreed to extend the waiver of fees on digital banking platforms to June 20, 2020. The waiver, which took effect on March 23, 2020, was part of efforts to encourage the use of digital payment options to limit the…

COVID-19 and climate change: One opportunity to fight two crisis [ARTICLE]

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in FEATURES, News

The coronavirus (COVID-19) pandemic has become one of the biggest threats to the global economy and financial markets. The effect has already been felt in a wide range of energy markets, including coal and gas – but its impact on oil markets is exceptionally grave due to the constraint on people and goods from moving…

ACEP opposes approval of Ghana Gas Company as national gas aggregator

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in Oil And Gas, Top Stories

Energy think tank, African Center for Energy Policy (ACEP), has kicked against the approval of the Ghana National Gas Company (GNGC) as the national gas aggregator by the Office of the President . According to the think tank, GNGC does not have the capacity to assume the liabilities of the commitments that come with the…

EU’s blacklisting of Ghana over money laundering breaches flawed – Finance Ministry

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The Ministry of Finance has described the decision of the European Commission to blacklist Ghana over money laundering breaches as unfortunate. According to the Finance Ministry, the methodology used by the European Commission was flawed, as it failed to communicate with Ghana concerning shortcomings that needed to be improved. The European Commission on 7th May…

Over 5,000 applicants sign onto GHS1bn business support scheme – NBSSI

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in Business, Local Economy, Top Stories

Over five thousand applicants have signed onto Ghana’s ¢1 billion Coronavirus Alleviation Programme Business Support Scheme. This is according to the National Board for Small Scale Industries (NBSSI). The Coronavirus Alleviation Programme Business Support Scheme which was launched by President Akufo Addo on Tuesday, 19th May, is intended to support small and medium-scale enterprises (SMEs)…

Money Wisdom Series: Improving your financial situation in 2020

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in FEATURES, Top Stories

For many Ghanaians, financial concerns are a regular source of anxiety, which is understandable given the uncertainties of today’s economy. Majority of Ghanaians go through financial stress each passing day and this affects their decision making and even their health. It’s important to remember that worry doesn’t solve much, but answering the question of how…

uniBank collapse: Court orders AG to give Duffuor’s lawyers access to all evidence

May 21, 2020

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