Tag: PwC
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Ministry of Finance urges businesses to be tax compliant
A Deputy Minister of Finance, Abena Osei Asare has reiterated calls for businesses and individuals to be tax compliant . She explains that domestic revenue mobilization has become critical given the current economic position of the country. Speaking at the Launch of the National Public Financial Management (PFM) organized by the Institute of Chartered Accountants…
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‘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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Omnibsic Bank gets GHS130m GAT support to meet capital requirement
The Ghana Amalgamated Trust (GAT), has completed processes required to enable OmniBSIC meet the Bank of Ghana’s 400 million cedis capital requirement. OmniBSIC bank has received 130 million cedis from government through the special purpose vehicle. Former Sahel Sahara Bank and OminBank merged to form OmniBISC in 2018 during the banking sector reforms exercise undertaken…
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Receiver issues ultimatum for customers of collapsed MFIs to submit claims
Customers of the collapsed 347 microfinance companies who could not submit their claims for their locked-up funds have been granted more time to do so by the receiver, Eric Nana Nipah. According to a notice issued by the receiver, the customers now have up to Friday 27th September 2019 to submit their claims for validation.…
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Receiver directs depositors, etc to file claims by September 12
Persons who have deposits with the collapsed Savings and Loans companies and finance houses have the next four weeks to submit their claims to the Receiver for payment of their claims. A statement issued by the Receiver, Eric Nana Nipah said that the move will, however, be subject to validation for the scheduled period. The…
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We’re not receivers for God is Love, Jasper Motors etc — Eric Nipah
The receiver for the 347 microfinance companies collapsed by the Bank of Ghana has advised the public to disregard a statement asking customers of some defunct deposit-taking institutions to submit documentation for their claims to be processed. A press release issued by PwC’s Eric Nana Nipah said the statement calls on customers of Jasper Motors,…
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Microfinance clean-up: Receiver to pay creditors within a month
All persons entitled to claims from any of the collapsed microfinance companies should expect payment at least from the next one month. It will however follow the completion of validation for such claims by the Receiver, Eric Nana Nipah of PricewaterhouseCoopers (PwC). The latest directive was contained in a statement issued by Mr. Nipah. Per…
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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…
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Consolidated bank given bond cash – BoG Governor
The Bank of Ghana has clarified that it has made available cash from the bond issued in the name of the Consolidated bank. According to the Governor of the central bank, Dr. Ernest Addison, the move has helped in positioning the bank to undertake its business as usual. His comments come on the back of…
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Capital, UT Bank collapse: PwC recovers 15% of total loan stock
The Joint Receivers of collapsed UT and Capital banks, PricewaterhouseCoopers (PwC), has disclosed that it has recovered fifteen percent (15%) of the total loan stock of the two banks. A statement on the progress of work done over the last one year said that the receivers are pursuing legal action against defaulters of loans of the…