Tag: financial sector clean-up
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Gold Coast Fund Management customers spend night at Finance Ministry
Customers of the collapsed Gold Coast Fund Management Company spent the night at the entrance of the Finance Ministry to press home their demand for the release of their locked-up funds. According to the group an amount of GH¢8.6 billion which was approved by Parliament to settle its members, has not yet been given to…
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Revocation of UniCredit’s license unlawful – Court of Appeal rules
The Court of Appeal has overturned the Bank of Ghana’s decision to revoke the license of UniCredit Ghana Limited. The appellate Court describes the Central Bank’s decision as an unlawful exercise of its powers. The three-member Court, with Justice Gbiel Suurbaare as President, was unanimous in its decision on Thursday to quash the BoG’s revocation…
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Educate customers to make informed investment decisions – Economic Analyst to Financial institutions
The Senior Economic Analyst with DataBank, Courage Martey, has said there is the need for a concerted effort towards boosting financial literacy for Ghanaian workers, to enable them process simple economic information and make informed decisions about their finances. His comment comes on the back of a ‘2020 Banking Industry Customer Experience Survey published by…
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Blackshield customers threaten demo ahead of payment of funds of 20 FMCs
Customers of Gold Coast Fund Management Company Limited, now Blackshield Capital Management Limited have warned of embarking on an industrial action if the Registrar General fails to release a payment plan for its members as it prepares to begin payment for some customers of other companies whose funds were locked in some of the defunct…