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Major shareholder of the defunct uniBank, Dr. Kwabena Duffuor The founder of uniBank, Dr. Kwabena Duffuor, could lose all his highly valued properties to a fresh law suit brought against him by receivers of uniBank, Lawyer Benard Owiredu Donkor has said. The Receiver, Nii Amanor Dodoo of KPMG, on Tuesday September,...
Minority Leader Haruna Iddrisu has expressed concern over the growing job losses in the financial sector. According to him, government has not handled the fall out of the collapse of seven indigenous banks with its attendant job losses. Speaking to Joy News shortly after he sat through a Finance Committee probe...
So i have been reading and hearing some analyses which are not just misleading but also very inaccurate. Never was it part of the narrative last year after the China trip that government was seeking to enter into a $15 or $20 billion joint venture agreement only for infrastructure...
The largest shareholder of defunct uniBank, Dr. Kwabena Duffour and 16 others including his son, alleged to be shareholders and interested parties have been dragged to the high court over the collapse of the bank. Nii Amanor Dodoo, who is in receivership of the five collapsed banks – Beige Bank,...
Customers of First Allied Savings and Loans stormed the various branches of the bank in Kumasi, Ashanti Region on Monday, 3 September 2018, to demand their savings.     Numbering over 500, the customers besieged the bank’s branches at Adum, Asafo, Roman Hill and Suame Magazine among other branches, to withdraw...
Chinese President Xi Jinping pledged debt relief to some poorer African nations, attempting to push back against a major criticism of his signature Belt and Road Initiative. Speaking to the Forum on China-Africa Cooperation on Monday in Beijing, Xi defended the global program to develop roads, railways, ports, pipelines and...
Local car assembler Kantanka Automobile Limited has accused the government of unfairness.A statement issued by the company said it was surprised the government of Ghana is fast-tracking moves to have German car maker Volkswagen set up in Ghana even though numerous proposals sent to the government by Kantanka has...
The governments of Ghana and Germany are likely to sign an agreement, Thursday that will lead to the setting up of a car manufacturing plant in the West African country. The agreement will involve German car manufacturing giants Volkswagen if it is consummated. This was disclosed by the President Nana Akufo-Addo...
President of the Ghana Catholic Bishops' Conference, Most Rev Philip Naameh, said a decision has been agreed in a meeting between the clergy and the government that churches that run commercial activities should pay tax, as the law demands in the country. He said the paying of tax is...
The Universal Merchant Bank (UMB) has signed off an $11 million project to support the government’s One District One Factory initiative. The project is to provide a credit facility to the tune of $10.7 million to the Central Sugar Company Limited that will be producing starch in commercial quantities from...
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