Bank of Ghana Archives - Page 2 of 4

WTF OF THE WEEK: Man In The Grips Of The Police For Stealing MP's Toilet Rolls; What Happened To Those Who Squandered Our Ghc610m?

09/16/2018 11:32 am

Board of Directors of the collapsed Capital Bank chaired by a prominent ‘man of God’, Dr Mensa Otabil managed to squander Ghc610 million taxpayers money granted to them by the Bank of Ghana and till now, absolutely nothing has been done to retrieve and punish those involved.
The Ghc610 million scandal has become one of those ‘foolish cases’ ─I mean it has gone down the drain obviously because those involved are ‘big’ untouchable men.

WTF OF THE WEEK: Man In The Grips Of The Police For Stealing MP’s Toilet Rolls; What Happened To Those Who Squandered Our Ghc610m?

09/16/2018 11:32 am

by Clement Enoku

The Ghc610 million scandal has become one of those ‘foolish cases’ ─I mean it has gone down the drain obviously because those involved are ‘big’ untouchable men.

Nana Appiah Mensah Reacts To Menzgold-SEC Brouhaha — Check Out What He Said

09/12/2018 7:11 pm

by Nii Smiley Byte, Managing Editor

The CEO of Menzgold Ghana, Nana Appiah Mensah, has responded to the ongoing brouhaha surrounding his company and he’s in a confident mood.
Nana Appiah Mensah does not seem too bothered with the shenanigans being played around his company and says he’s ready to fight to the bitter end.

"Neither Menzgold As A Business Entity Nor Any Of Its Products Has Been Shut Down" — Menzgold Issues Defiant Statement Debunking Reports Of Its Closure

09/12/2018 1:39 pm

by Nii Smiley Byte, Managing Editor

The gold trading firm Menzgold has responded defiantly with a statement threatening legal action after a letter from the Securities and Exchange Commission (SEC) concerning the company and its dealings was leaked to the public.
The letter, addressed to Menzgold Ghana, stated that the firm had no licence to operate under the SEC’s regulations and thus should be shut down.

“Neither Menzgold As A Business Entity Nor Any Of Its Products Has Been Shut Down” — Menzgold Issues Defiant Statement Debunking Reports Of Its Closure

09/12/2018 1:39 pm

by Nii Smiley Byte, Managing Editor

The letter, addressed to Menzgold Ghana, stated that the firm had no licence to operate under the SEC’s regulations and thus should be shut down.

Gov't Hits Another Roadblock For National Cathedral Construction Which Means More Of Our Money Has To Be Wasted

09/7/2018 12:13 pm

by Nii Smiley Byte, Managing Editor

The needless decision to construct a National Cathedral with a huge donation of prime Accra real estate has just gotten more expensive for the people of Ghana even though everyone keeps assuring us that it’s not government that is paying for the cathedral.
According to documents sighted by myjoyonline, the piece of land being cleared by government to host the building has on it a private IT firm who stands to make mega losses if moved at such short notice and are thus calling on government to pay millions of dollars before they surrender their land.

Gov’t Hits Another Roadblock For National Cathedral Construction Which Means More Of Our Money Has To Be Wasted

09/7/2018 12:13 pm

by Nii Smiley Byte, Managing Editor

According to documents sighted by myjoyonline, the piece of land being cleared by government to host the building has on it a private IT firm who stands to make mega losses if moved at such short notice and are thus calling on government to pay millions of dollars before they surrender their land.

BOG's Decision To Revoke uniBank's Licence Looks Unfair And Politically Motivated — Franklin Cudjoe

08/23/2018 9:47 am

by Nii Smiley Byte, Managing Editor

The head of the think tank IMANI Ghana, Franklin Cudjoe, has waded into the issue of the Bank of Ghana’s increasingly fraught decision to revoke the licence of uniBank, which among all the other banks seems to have been dealt with the most unfair of hands.
According to Franklin Cudjoe, examining the facts on the ground makes it clear that the Bank of Ghana are not acting in the best interest of the financial sector as they claim but for their own parochial interests which might be politically motivated.

Dr Kwabena Duffour Sues Bank Of Ghana Over uniBank Licence Revocation

08/22/2018 9:00 am

by Nii Smiley Byte, Managing Editor

Former governor of the Bank of Ghana and majority shareholder of uniBank, Dr Kwabena Duffour, has sued the Bank of Ghana over the recent collapse of uniBank.
In a suit filed at the High Court at Accra, Dr Duffour calls for the Central Bank to invalidate the licence of the Consolidated Bank, which was formed by the BOG to take over the five collapsed banks, including uniBank.

Shareholders Of uniBank Condemn Leak Of 'Biased' KPMG Report And Demand BOG Provides Them An Official Copy To Adequately Respond To

08/20/2018 7:49 am

by Nii Smiley Byte, Managing Editor

The shareholders of uniBank Ghana Limited have issued a statement condemning the leak of the KPMG report upon which the Bank of Ghana took the decision to collapse their bank when they themselves have not been served with a copy despite repeated requests.
The shareholders convey their anger and disappointment at not being given the chance to defend themselves by receiving a copy of the report but are now being tried in the court of public opinion due to the leak.

LEAKED REPORT EXPOSES BOG — KPMG Admitted Their Report Was One Sided And Not Up To Standard But BOG Used It To Shut Down uniBank Anyway In Pursuit of Their Own Agenda

08/19/2018 5:48 pm

by Nii Smiley Byte, Managing Editor

The closure of the indigenously owned uniBank continues to raise eyebrows as it becomes increasingly clear that best practices were not followed and that the decision might have had other motivations aside simply saving the financial health of the Ghanaian economy.
As already made clear in an impressive article by Mark Kofi Poku, the Bank of Ghana violated several laws of natural justice in their closure of uniBank, ranging from not taking their side of the story into consideration, refusing to pay the substantial debts the government owed the bank which would on their own have made the bank financially healthy and even failing to take into consideration the fact that the bank procured a loan from an international source which would have saved it as well.

“Disregard All Negative Media Reportage” — Menzgold Management Releases Press Report

08/15/2018 8:43 am

by Nana Asempa

The customers of Menzgold Ghana have been called to calm down by the Menzgold Management concerning the on-going rift between the company and Bank of Ghana (BoG).
In a press statement which was released yesterday, August 14, 2018, by Menzgold Management, the company assured its cherished customers about their commitment to serve and protect their interest and as a law-abiding company.

We Are Working With Bank Of Ghana And Other State Agencies On Menzgold Issue — Nana Appiah Mensah

08/14/2018 6:59 pm

by Nii Smiley Byte, Managing Editor

CEO of Menzgold Ghana Ltd and Zylofon Media Group of Companies, Nana Appiah Mensah, has backtracked on his ‘fiery’ response to the Bank of Ghana’s recent statement warning the public not to take deposits from the gold trading company.
In a new post on social media, Nana Appiah Mensah reveals the company is working with the Central Bank and relevant state agencies to amicably solve all issues.

"I Expect Musicians Like Sarkodie, Kojo Antwi To Say They Won't Give Their Vote To A Politician Not Akoo Nana" — Mark Okraku Mantey Hits Back At Akoo Nana

08/14/2018 10:53 am

by Nana Asempa

A few days ago Akoo Nana shared a video on his Instagram page concerning BoG and Menzgold brouhaha and called on the president to stop the Central Bank of Ghana from defaming Menzgold else NPP will lose 2020 elections.
However, Ghanaian Music producer Mark Okraku Mantey has reacted to this statement made by the hip-life rapper, Akoo Nana.

I Choose To Stand With Poor Ghanaians Over Standing With "A Man That Watches Animal Kingdom And Yet Preaches To Human Beings" — Afia Schwar 'Tears' Dr Otabil Apart

08/12/2018 2:15 pm

by Clement Enoku

The host of TV Africa’s “Konkonsa Police” show, Afia Schwarzenegger has added her voice to the social media campaign, #IStandWithOtabil concerning the involvement of Dr Mensa Otabil in the squandering of the Ghc610m taxpayers’ money granted by the Bank of Ghana to Capital Bank.
Afia even though decided to stay off the issue but the #IStandWithOtabil social media campaign by some Ghanaians have pissed her off hence breaking her silence on the issue.

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