Tag: KPMG
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Yet-to-be-approved taxes must have timelines – KPMG’s Anthony Sarpong
International Auditing Firm, KPMG says the yet to approved new taxes are a necessary evil as the government strives to engineer the recovery of the economy following the impact of the COVID-19 pandemic. In an interview with Citi Business News on the sidelines of a stakeholder engagement on the 2021 budget organised by KPMG, its…
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![‘The Big 4’ firms dominate audit of listed companies on Ghana Stock Exchange [Article]](https://citibusinessnews.com/wp-content/uploads/2020/08/1-4.jpg)
‘The Big 4’ firms dominate audit of listed companies on Ghana Stock Exchange [Article]
The four biggest audit firms in Ghana, namely: Deloitte, Ernst & Young (EY), KPMG and PWC, dominated the audit of the biggest companies listed on the Ghana Stock Exchange based on the 2019 audited financial reports published by the Ghana Stock Exchange and on the website of the listed companies as required by law. The…
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Ghana can take advantage of COVID-19 to boost local production – KPMG
A new report by auditing firm, KPMG, analyzing the economic impact of COVID-19 on Ghana, has highlighted some positive measures necessary to reduce the financial burden on the economy. Already, the Minister of Finance, Ken Ofori-Atta has stated that the fight could cost Ghana about 9.5 billion cedis, pushing the country’s budget deficit to about…
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KPMG denies media reports of Nii Amanor Dodoo’s dismissal
International audit and business advisory firm, KPMG, has denied some media reports that its former Senior Country Partner, Nii Amanor Dodoo, who was appointed by the central bank as receiver for some five collapsed banks has been fired from his job. A statement issued by the firm in Accra said the report which first appeared…
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Cedi stability, cost of clearing top concerns for businesses ahead of 2020 budget – KPMG report
The stability of the cedi, cost of clearing at the ports as well as Ghana’s tax systems have emerged as key concerns for businesses ahead of the presentation of the 2020 budget and economic policy of the government. A survey by auditing firm, KPMG has shown that the ability of the government to address these…
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High Court grants receiver permission to take over Unibank property
An Accra High Court last Friday dismissed an application for injunction filed by owners of defunct Unibank to prevent Nii Amanor Dodoo, acting as receiver for Unibank, from taking over a property in East Ridge, Accra belonging to the former bank. Mr. Amanor Dodoo, who was appointed the receiver for Unibank, has embarked on an…
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Anthony Sarpong appointed as new KPMG Senior Partner
Anthony K Sarpong has been appointed as the Senior Partner of KPMG in Ghana, with additional jurisdiction over the firm’s business in Sierra Leone, Liberia and The Gambia. Mr. Sarpong’s appointment takes effect from 1 October 2019. He succeeds Nii Amanor Dodoo who retires from the firm on 30 September 2019 after six years at…
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Loan defaulters reach out to receiver of consolidated banks as ultimatum expires today
Some loan defaulters of the seven collapsed banks merged into Consolidated Bank Ghana, have reached out to the receiver, Nii Amanor Dodoo of KPMG, to discuss new terms of their indebtedness as a one-month ultimatum issued by the receiver elapses today, June 14, 2019, Citi Business News has learned. The receiver in a notice published…
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uniBank’s owners file injunction against sale of assets
The shareholders of uniBank have filed for an injunction against the auctioning of some assets of the bank by the Receiver, Nii Amanor Dodoo. This is after the Accra High Court judge presiding over the case in which the Directors of uniBank are contesting the revocation of the bank’s license appointed an arbiter, ex-Supreme Court…
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Banks collapse: Only GHS731 million out of GHS10.1 billion loans recovered — Governor
Governor of the Bank of Ghana, Dr. Ernest Addison, has revealed that out of the GHS10.1 billion loans taken on by the receivers of the nine banks, only GHS731 million has so far been recovered. Dr. Addison said the receivership process has been painstakingly slow with other loan defaulters and shareholders of the defunct banks…