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

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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.

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"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

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Mark Okraku Mantey

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.

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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

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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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Nana Appiah Mensah Calls For Calm In Awutu Senya East Municipality

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Nana Appiah Mensah, CEO of Zylofon

Anyone who messes around ‘the saviour’ and the CEO of Menzgold company, Nana Appiah Mensah aka NAM1 in the Awutu Senya Municipality shall not go free without feeling the wrath of the citizens.
Reports reaching us indicate that citizens of the Awutu Senya municipality in Central Region have organised themselves to demonstrate against the Central Bank of Ghana’s decision against NAM 1’s Menzgold company.

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Rambo-Style Bank Closure: Was The Bank Of Ghana A Prosecutor And A Judge In Its Own Court?

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The recent closure of UniBank and four other banks by the Bank of Ghana (BOG) to form the Consolidated Bank has raised many questions concerning the process undertaken to arrive at the final decision of collapsing these banks.
The BOG gave different reasons for why each bank was deemed a failure and shut down but the haste with which the decision was taken and the failure of the central bank to attempt even the perfunctory of measures to revive the banks involved truly raise questions about the motive behind the decision and whether the BOG acted as a fair arbiter or a biased tyrant.

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Tracy SarkCess 'Blasts' Bank Of Ghana Over Menzgold Notice Brouhaha

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The Bank of Ghana (BOG), yesterday August 7, 2018, issued a notice to warn the public of the activities of Menzgold which they deem inappropriate according to rules governing banking or financial rules of the Central Bank.
The Chief Executive Officer of Menzgold, Nana Appiah Mensah in a post termed the move by BoG to close down his company as a big joke.

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Paul Adom-Ochere Fumes That Bank of Ghana Broke the Law in the Revocation of the Licenses of the 5 Banks—What Else Did They Probably Do Illegally?

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The Bank of Ghana recently announced that acting under Act 930, it has revoked the operational licenses of 5 Banks, on grounds specified by the said Act.

The Central Bank on Tuesday, August 1, revoked the licenses of Unibank Ghana, Construction Bank, Sovereign Bank, Royal Bank and Beige Bank to form the Consolidated Bank of Ghana—under two set of grounds.

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Your "God" Only Sees When Celebrities Will Die — KSM Mocks Ghanaian Prophets Amidst Collapse Of Banks

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Kwaku Sintim-Misa

The issue of doom prophecies on the life of Ghanaian celebrities by some Prophets in Ghana has been on the rise since the death of RuffTown records’ Dancehall diva, Ebony.
A lot of self-acclaimed prophets of God have been threatening celebrities with death prophecies, of which none has come to pass.

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Stories About Sale Of unibank And Auctioning Of Shareholder's Assets Untrue

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Certain documents and reports circulating on social media about a supposed takeover of uniBank by another bank and auctioning of the shareholders’ assets ARE ALL NOT TRUE, a source close to Bank of Ghana (BOG) has said.
“uniBank at the moment is under Official Administration by KPMG, who are now playing the role of Management. The Shareholders are supposed to collaborate with them in the process and I have information that they are collaborating very well at this stage,” the source added.

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Workers Of Defunct Capital And UT Banks Served With Letters Of Termination

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The contracts of about a couple thousand workers of the now defunct Capital and UT Banks have been terminated, reports indicate.
The two banks were recently closed down by the Central Bank due to some financial challenges, and one of the biggest questions was about what the eventual fate of their workers.

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Staff Of UT And Capital Banks Facing Layoffs As GCB Looks To Downsize

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The management of GCB Bank is set to downsize staff at the two collapsed banks they have taken over, the CEO has announced.
Raymond Sowah, CEO of the state owned entity, said at a press conference Tuesday that they would conduct a skills assessment test on the employees of the two banks, to enable them decide on who to keep and who to let go.

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Closure Of UT And Capital Banks: Rapper Edem Says Such Issues Make People Lose Confidence In Ghanaian Owned Businesses

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Edem

Rapper Edem has expressed concern over the closure of two indigenous banks – UT Bank and Capital Bank.
Writing on twitter, Edem lamented the troubles of the two banks and said such issues make people lose confidence in our local institutions.

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No Other Banks In Same Situation As UT And Capital Bank – Bank Of Ghana Clarifies

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The Bank of Ghana has denied reports that some other banks are in similar situations to UT Bank and Capital Bank.
The shut down of the two and their takeover by GCB Bank has sparked questions over whether other local banks are in similar dire straits and might require action by the Central Bank.

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We Have A License To Buy And Sell Gold – Menzgold Replies The Bank of Ghana

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Menzgold Company Limited has hit back at the Bank of Ghana following a warning from the institution for the public to refrain from depositing money with the company because it had not been registered with the central bank.
According to the Corporate Manager of the company, Nana Yaw Offei, the company does not take deposits and only specialises in the buying and selling of Gold, for which they actually have a license.

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DKM 2.0? Bank Of Ghana Warns Public Against Depositing Money With Menzgold

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The Bank of Ghana has warned the general public against doing business with Menzgold Company Limited, an investment firm which the Central Bank says has not been licensed.
Deputy Governor Johnson Asiamah revealed to Parliament’s Public Accounts Committee that anyone who does business with the firm does so at their own risk.

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Finance Ministry Responds To Minority Over Claims $2.5bn Bond Issuance Was Fraudulent – STATEMENT

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The Minority in Parliament have been alleging wrongdoing on the part of Finance Minister Ken Ofori-Atta, in the recent issuance of a $2.5bn domestic bond issued by the Government of Ghana and purchased by the Franklin Templeton (FT) group.

One of the FT directors has ties to the finance minister, and that, the Minority claims, raises issues over conflict of interest.

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STATEMENT: Bank Of Ghana NOT Issuing Any New Denominations

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blankThe Bank of Ghana has issued a statement categorically denying news circulating that the bank is planning release of new cedi denominations.

The circulating info said the bank was to release Ghc 30, Ghc 100 and Ghc 200 notes, but a statement from the Central Bank’s communication wing squashes it.

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