Menzgold saga: Amanda Clinton sues SEC, EOCO, BoG and AG for negligence

Menzgold saga: Amanda Clinton sues SEC, EOCO, BoG and AG for negligence

The Head of Chambers at Clinton Consultancy, Ms Amanda Akuokor Clinton, has filed a civil claim this week seeking GHS 11,402.000.00 for 28 of her Menzgold clients. The claim is against the Security and Exchange Commission (SEC), the Economic and Organised Crime Office (EOCO), Bank of Ghana(BoG) and Attorney General’s Department in relation to the Menzgoldsaga. Summary of Ms Clinton’s court filing: · In summary, the filing appears to suggest that by the government departments’ conduct, they created a danger to the general public since Menzgold Ghana Ltd and Brew Marketing were not crucially shut down…

Meet Maame Efya Serwaah; Founder & CEO of Serson Collections & Trading Limited.

Meet Maame Efya Serwaah; Founder & CEO of Serson Collections & Trading Limited.

Maame Efya Serwaah is an entrepreneur and the Founder / CEO of Serson Collections & Trading Limited. The business lines under the Serson Collections And Trading brand are Serson Collections that deals in fashion and clothing and  Serson Cosmetics that deals in Manufacturing of baby cosmetics and other health care items. Serson collections And Trading Limited was incorporated in February 2019 and commenced business same year. “Our Strength as a company is the fact that we are coming with competitive pricing and our product ingredients are about 90% organic (Natural) and…

We’ve created 2m jobs, digitised economy, paid 99% of SDI customers, fixed Mahama’s mess – Bawumia

We’ve created 2m jobs, digitised economy, paid 99% of SDI customers, fixed Mahama’s mess – Bawumia

The government of President Nana Akufo-Addo has, in the past four years, fixed the economic mess left by the erstwhile Mahama administration, created two million jobs in the process while digitising the economy and cleaning up the banking sector, Vice-President Dr Mahamudu Bawumia has said, for which he believes the governing New Patriotic Party (NPP) deserves a second term in office. Making a strong case for the re-election of the Akufo-Addo administration in a presentation on Thursday, 26 November 2020 at the University of Ghana in Accra, Dr Bawumia said:…

Ghanaians should expect a very difficult 2021 – Economist warns

Ghanaians should expect a very difficult 2021 – Economist warns

An economist and lecturer at the University of Ghana Business School, Dr. Lord Mensah, has called on Ghanaians to prepare and expect a tough 2021 and beyond. Speaking on the Morning Starr on Monday, Dr. Mensah said most of the freebies being enjoyed by Ghanaians now will not be available adding that the only way the government can shore up the revenue shortfall is to increase taxes and cut unnecessary spending. “We should expect more tax increments and some freebies that we are enjoying are not going to be there.…

Bawumia buys waakye with QR Code to demonstrate use; says shoeshine boys, trotro operators, every merchant can use it

Bawumia buys waakye with QR Code to demonstrate use; says shoeshine boys, trotro operators, every merchant can use it

Vice-President Dr Mahamudu Bawumia has urged all merchants in the informal and formal sectors to acquire and start using the all-new, all-inclusive Universal Quick Response Code (QR Code) system developed for Ghana, as part of efforts by the Akufo-Addo government, to migrate the economy from a cash-based one to a cash-lite one. Outdooring the QR Code at Auntie Muni’s, a popular waakye joint on Thursday, 19 November 2020, Dr Bawumia said the system is so flexible and easy to use by everybody to receive or pay for anything electronically. “We…

ECG to go as govt says processes to release company underway

ECG to go as govt says processes to release company underway

The government has begun exploring new avenues in a fresh bid to release the Electricity Company of Ghana (ECG) to a private concessionaire for management. This is after a similar move in the past failed amidst controversies and allegations of fraud. A Deputy Minister of Energy in charge of petroleum, Dr Mohammed Amin Adam, said although the government had been silent on the matter since the termination of the ECG concessionaire contract with Power Distribution Services (PDS) a year ago, processes were underway to secure a new deal. He said…

Ghana to issue E-visas next year

Ghana to issue E-visas next year

Ghana will start the issuance of electronic visas (E-visa) next year. Procurement processes have started for the selection of a firm to partner the Ghana Immigration Service (GIS) to design and issue E-visas to facilitate the acquisition of the travel documents to the country from any part of the world. The visa policy reform is part of the $40-million World Bank-funded Ghana Tourism Development Project (GTDP) to enhance Ghana’s tourism and hospitality sector and make the country a more attractive destination. The acting Project Coordinator for the GTDP, Mr Divine…

Fuel prices to remain stable in the 2nd half of Oct – IES

Fuel prices to remain stable in the 2nd half of Oct – IES

The Institute for Energy Security (IES) is predicting that fuel prices will remain stable in the second half of October. Touching on the local fuel market performance, the IES stated that the local market remained stable within the window under review.  “Prices of petroleum products within the first Pricing-window of October 2020 saw the majority of Oil Marketing Companies (OMCs) maintaining prices of Gasoline and Gasoil. “The current national average price of fuel per litre at the pump is pegged at GHS 4.77. “For this pricing window, Benab Oil, Nick…

Passport application to be disrupted by relocation of Ridge office

Passport application to be disrupted by relocation of Ridge office

The Ministry of Foreign Affairs and Regional Integration has announced that the Passport Office will be relocated. The Ministry said in a statement that the relocation of the Office at Ridge to its new office building will be from Tuesday, October 20 to Friday, October 23. “This will result in the disruption of service delivery to the public,” the statement said. “However, the office would resume operations on Monday, 26th October, 2020.” The new office is located at Gamel Abdul Nasser Avenue near the British High Commission and the Ghana…

World Bank warns Ghana to curb its fiscal deficit

World Bank warns Ghana to curb its fiscal deficit

The World Bank has warned African countries, Ghana inclusive to spend wisely and implement innovative strategies which will broaden the tax net to capture every income-generating activity in order to close the vast fiscal gap induced by the pandemic – adding that the situation has further heightened the country’s risk of debt distress. While official data from the Bank of Ghana put Ghana’s public debt at 68.3 percent of Gross Domestic Product – which is just below the generally accepted debt sustainability threshold of 70 percent, this has been computed…