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Finance

October, 2017

  • 16 October

    Ghana International Bank clears air on Otumfuo money laundering allegations

    The Ghana International Bank has dispelled reports suggesting that Otumfuo Osei Tutu II is a party to the ongoing case about Mark Arthur’s breaches of the Bank’s internal policies and procedures as well as UK laws. A press statement issued by Myddleton communications on behalf of management of the bank …

  • 11 October

    Otumfuo gave me £350,000 in a bag to deposit in account – Sacked bank employee

    A cash deposit in a London bank on behalf of Asantehene, Otumfuo Osei Tutu II has resulted in the dismissal of a bank employee for allegedly failing to follow anti-money laundering policies. In his witness statement to a tribunal hearing, Mark Arthur, a British-Ghanaian who lost his job as result …

  • 3 October

    Ecobank launches mVisa across 33 African Countries

    Ecobank Scan+Pay with mVisa delivers instant, secure cashless payment for goods and services by allowing customers to scan a QR code on a smartphone or enter a unique merchant identifying code into either a feature phone or smartphone. LOME, Togo, October 2, 2017/ — Ecobank (https://Ecobank.com) has partnered with Visa …

September, 2017

  • 30 September

    Ghana is on course to lead Africa in digital payments – UN report reveals

    New UN report reveals momentum for digital payments in Ghana could save over GHS 1 billion within next four years With 37 percent of the value of all payments now made digitally, Ghana is on course to be a leader in the region, with great potential to expand economic opportunities …

  • 14 September

    Banks, Telcos subscribe to AlexPay

    Some banking institutions and the major telecommunications networks in the country have signed on to Alexpay, a product of Allied Exchange Africa, to end the lack of cross-network money transfer across the country. Institutions like Access Bank, SG-SSB, OmniBank, UBA to mention a few were joined by MTN, Airtel, Vodafone …

August, 2017

  • 31 August

    SSNIT $72m contract: We need more ‘intelligence’ info to connect the dots – William Nyarko

    Multiple award winning investigative journalist and Executive Director of the Africa Centre for International Law and Accountability (ACILA), Mr. William Nyarko​ has waded into the questionable SSNIT US$72million contract debate saying more “intelligence” information is needed to be able to connect the dots properly. “The SSNIT $72m unconscionable contract…We need more …

  • 14 August

    Ghana graduates have questionable certificates – UT Bank founder

    – Prince Kofi Amoabeng is the founder and chief executive officer of UT Bank – The Bank of Ghana on Monday announced that it has approved the takeover of UT Bank by the GCB Bank Ltd – Mr Amoabeng is a known disciplinarian and has also criticized the quality of …

  • 14 August

    Prince Kofi Amoabeng’s UT Bank Collapses, GCB To Take Over

    The Ghana Commercial Bank (GCB) is on its way to take over Entrepreneur Prince Kofi Amoabeng’s UT Bank and another Ghanaian bank Capital Bank. A statement from the office of Bank of Ghana (BoG) as sighted by FN News said “The Bank of Ghana has approved a Purchase and Assumption …

  • 14 August

    GCB takes over UT and Capital Banks as BoG withdraws licenses

    The Central Bank of Ghana has withdrawn the licenses of the UT Bank and Capital Bank. According to a statement from the Central Bank, it has “approved a Purchase and Assumption transaction with GCB Bank Ltd that transfers all deposits and selected assets of UT Bank Ltd and Capital Bank …

  • 12 August

    Pay attention to property tax – Maafo to MMDAs

    Senior Minister, Nana Yaw Osafo-Maafo has called on the various Metropolitan, Municipal and Districts Assemblies (MMDAs) to pay attention to the collection property taxes in their assemblies. He said government would put in place structures to monitor the collection of property tax since it is one of the taxes that …