Viral Video – Ghanaian Man Exposes How Tellers At Game Refused to Accept the New Ghc 200 Note As Payment for Goods Purchased

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The new, completely unnecessary Ghana cedi notes which were introduced by the Bank of Ghana for their own reasons, the Ghc 100 and Ghc 200 notes, are already causing some confusion in the country. A Ghanaian man tried to use the Ghc 200 note to purchase goods at the Accra Mall branch of ‘Game’, the … Read more

Cash Flying, People Dying — Tragic Accident Involving BOG Bullion Van and Fuel Tanker Sends Techiman Into SHOCK

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A strange accident has residents of Techiman in shock and awe today after a Bank of Ghana bullion van and a fuel tanker collided. The bullion van, carrying cash, burst open on collision, sending thousands of Ghana cedis flying into the air, according to myjoyonline. READ ALSO: Angel Obinim FINALLY Responds to Allegations He Buys … Read more

Dr Nduom Files For GN Savings and Loans’ Licence To Be Restored Whilst He Sues BOG For Violating his Rights

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Dr Nduom, CEO of the GN Group, is not lying down easily as government goes after his companies. Nduom has sued the Bank of Ghana for his company’s licence which has been revoked to be restored. READ ALSO: Fancy Gadam Graciously Surrenders – I Know Shatta Bandle Is Richer than Me According to him, the … Read more

Dr Nduom Writes After BOG Closure – The Wrong We Did? Our Story

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The CEO of the GN Group, Dr Papa Kwesi Nduom, has reacted after his GN Savings and Loans Company had its licence revoked by the Bank of Ghana. The company was declared insolvent by the Bank of Ghana, which also pointed to worrying internal movement of monies through the GN group of companies. In a … Read more

NPP Cleaning The System With Dirty Hands — Government’s Closure Of Savings and Loans Companies Is To ‘Create, Loot and Share’ – Insider Alleges

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The Bank of Ghana has been cracking down on companies mercilessly over the past year or so, with numerous financial institutions declared insolvent and their licenses revoked. The latest round of closures occurred Friday with a statement announcing that 23 savings and loans companies, including ‘big’ ones such as GN and Midlands, have all had … Read more

‘Mere’ Savings and Loans Too Nduom Couldn’t Survive – GN Savings and Loans One of 23 Companies Closed Down By Bank of Ghana

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After being forced to downgrade his bank to a ‘savings and loans’ company, Dr Papa Kwesi Nduom has lost the battle completely as the Bank of Ghana has announced his company’s licence has been revoked. GN Savings and Loan Company, which came out of GN Bank, has been revealed as one of two dozen savings … Read more

If Government Paid Us Even 10% Of What They Owe Us Everything Would Be Fine — Dr Nduom Reacts to GN Bank Becoming ‘Savings and Loans’

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On Friday a series of news items concerning the banking sector came out, with the Bank of Ghana completing what it termed its new banking resolution.

The end product of the process was that Dr Papa Kwesi Nduom’s GN Bank was downgraded back to a savings and loan company, due to the fact that they were unable to meet the new minimum capital threshold of Ghc 400m.

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Menzgold Announces Return Date In New Press Statement — Reveals Plans To Add New Features To Its Operations

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The long running saga between Menzgold Ghana and the Securities and Exchange Comission seems headed for a resolution after the latest press release from the gold trading firm.

Menzgold has revealed that their issues are headed for a resolution, promising customers a possible return to business by Novermber 5th.

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The Approved Banking List — Here’s Bank of Ghana’s List Of Licenced Banks In Ghana

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The public’s confidence in Ghana’s banking sector has been completely destroyed in recent times. From collapsed banks to micro finance companies having to assault customers rather than paying them, it’s a very difficult time for the industry.

Jobs are being lost, people are losing money and worse of all, confidence is crumbling which if not arrested could have a ripple effect on the entire industry.

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VIDEO: Frustrated Customer Of UniCredit Bank Storms Banking Hall With Mattress And Pillow To Sleep There Till He Gets His Money

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LOL

The Ghanaian banking sector is currently in crisis looking at how some banks have been merged by the Bank of Ghana (BoG) to avoid possible closures.

A frustrated man who has his money locked at UniCredit Bank, Apenkwa branch in the Accra Metropolitan Assembly has done the extreme in the name of withdrawing his money from the bank.

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“Ghanaians Need Education On Banking Systems To Stop Panic Withdrawals Which Is Killing Our Local Banks” — Sarkodie

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Local Ghanaian banks have been collapsing because depositors have started withdrawing their monies every day due to fear that their monies may be locked up.

This fear which has resulted in the numerous withdrawal of monies started after the Central Bank of Ghana (BOG) authorised six banks to merge as one bank.

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Menzgold Resumes Dividend Payments Today On A Regimented Schedule

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After suing the SEC for interfering in it’s actions, the gold trading firm Menzgold Ghana has kept it promise to commence paying dividends to customers from today, the 28th of September.
At a presser held in Accra Thursday, the company said they would resume payments today, based on a schedule to be sent to customers.

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BREAKING: Menzgold Drags SEC And Bank Of Ghana To Court For Regulatory Abuses

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Mengzold Ghana has taken their battle with the regulatory agencies up another notch, filing a legal case against both the Securities and Exchange Commission (SEC) and the Bank of Ghana (BOG).
In the suit, Menzgold argues that the two agencies have abused their power in coming after them and caused untold harm to their business.

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PHOTO: Tracy Sarkcess Flaunts Her Backside Telling Us How Huge It Has Become After Sarkodie Married Her

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Tracy Sarkcess And Titi

Tracy Sarkcess is the wife of Africa’s most decorated rapper and the CEO of Sarkcess Music Record Label, Micheal Owusu Addo known popularly as Sarkodie.
Not long ago, Tracy and Sarkodie got married at a plush venue in Accra after dating for over a decade and having a baby girl together. A lot of musicians or celebrities from Ghana and across Africa graced the wedding.
After the wedding, Tracy has been very active on social media and she was even the subject of mockery or troll when she decided to school Bank of Ghana on the “modus operandi” of Menzgold Ghana Limited.

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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?

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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.

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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?

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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.

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

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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.

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

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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.

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

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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.

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

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Artistic impression of the yet-to-be built National Cathedral

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.

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

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Artistic impression of the yet-to-be built National Cathedral

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.

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

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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.

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Dr Kwabena Duffour Sues Bank Of Ghana Over uniBank Licence Revocation

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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.

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

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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.

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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

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Bank of Ghana

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.

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

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Menzgold

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.

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