The Greater Accra Regional Police Command has arrested over 100 customers of Menzgold who stormed the house of the company’s Chief Executive Nana Appiah Mensah, NAM1. The Head of Operations at the Accra Regional Police Command, Assistant Commissioner of Police (ACP) Kwesi Ofori, briefing the media said the customers did not inform the police of […]
Category: Business
First Allied customers grateful to gov’t, BoG after receiving locked-up cash
Some excited customers of First Allied Savings and Loans company which is now defunct have praised government and the Bank of Ghana (BoG) for initiating steps that culminated in the retrieval of their locked up cash. The happy customers, BestNewsGH.com is told are not oblivious of the steps taken by the Bank of Ghana including […]
UBA employs 4000 new staff; increases salaries up to 170%
Tony Elumelu’s United Bank for Africa (UBA) has added some 4, 000 new employees to its staff strength as of December 2019. BestNewsGH.com can also confirm that over 5, 000 staff of the Bank have been promoted to new grades with effect from January 2020, following the transformation of the Bank’s grading system and processes, […]
GRA exceeds GHS43bn 2019 revenue target
The Ghana Revenue Authority has exceeded its GHS43 billion tax revenue target for 2019. This follows a revision of the earlier target from GHS46 billion to GHS43 billion. According to GRA Board Chairman, Professor Stephen Adei, his outfit did very well in December 2019 by collecting more taxes. Speaking to Accra-based Joy FM, Prof Adei […]
Menzgold customers begin fresh push to retrieve locked up cash
Mr Fred Forson, spokesperson of the Coalition of Aggrieved Menzgold Customers, said they were ready to go all lengths to get their investments back from the gold dealership firm. He said customers across the country would converge in Accra next week and march to wherever they would find the Menzgold Chief Executive Officer (CEO), Nana […]
BoG approves gold coins to commemorate Asantehene’s 20-year reign
The Bank of Ghana has approved the issuance of 24-carat gold coins to commemorate the 20th anniversary of the Asantehene, Otumfuo Osei Tutu II. The coin which will weigh at least 31.104g and have a diameter of 37mm will be outdoored on the Asantehene’s 70th birthday on May 6, 2020. The commemorative coin will be […]
Fisheries Commission urged to reduce 500% increase in fishing license fee
The Fisheries Commission has been urged to reduce the announced increase in fishing license fees for the operation of a fishing vessel on Ghanaian waters. The Fisheries Commission in a letter dated December 31, 2019, and signed by its Executive Director, Mr Michael Arthur-Dadzie, indicated that the new fishing license fees approved by the Ministry […]
Cedi ends 2019 with 12.9% fall
The local Ghanaian currency ended the year 2019 with a depreciation rate of about 12.9% to the US dollar, based on data from the Bank of Ghana’s website. This is the highest since 2015. The 12.9% decline in the value of the cedi is compared to about 8.8% depreciation in 2018, 4.45% in 2017 and […]
Ghana Leadership Awards: Kobi Hemaa is TV Personality of the year
Entrepreneur, Media Personality, Public Relations practitioner and Made-in Ghana advocate, Kobi Hemaa Osisiadan Bekoe has been adjudged the 2019 Television Personality at the just ended Ghana Leadership Awards. Her award was characterized by recommendations from revered and high profile personalities who have followed her consistency in exhibiting high standards and promoting Made-in-Ghana goods. Cut to […]
MTN welcomes ‘Christmas Babies’ with 250 hampers
Mobile Telecommunications giant, MTN is distributing some 250 hampers to mothers and their children born within the Christmas period across the country. The annual ritual which was instituted in 2011 starting with the Korlebu Teaching Hospital in the Greater Accra Region was expanded to cover Kumasi in the Ashanti Region, Takoradi in the Western Region […]
FDA destroys 802 cartons of expired Lucozade products
The Food and Drugs Authority (FDA) has destroyed 802 cartons of expired Lucozade energy drink at the Kpone landfill site. Speaking to the Ghana News Agency, Mr James Lartey, Head of Communication and Public Education, FDA, noted that the Authority, in September this year, had information about a company named Andiana Royal Ventures at Lapaz, […]
Former UBS trader Kweku Adoboli bemoans 1% Momo charge, says it is too much
Former UBS trader, Kweku Adoboli, has bemoaned the high cost of financial transaction in Ghana. He has suggested more efficient electronic financial systems that will enable the country to compete in the global market. The investment manager and former stock trader, who has been living in Ghana for a year, after his deportation from the […]