Filmmaker Eddie Nartey has disclosed he is one of the casualties of the Menzgold shutdown as his life savings is locked up with the company. The film director who accepted an employment offer as the Artiste and Repertoire Manager for Zylofon Arts Club, an initiative by Menzgold boss Nana Appiah Mensah (NAM1) said, like other customers, he is yet to …
A man has been thrown into the state of mourning after rats decided to show him pepper. He took to Facebook to lament after rats ate the money he was saving for the Christmas festivities. Sharing photos of the 1,000 Naira notes destroyed by rats, Engr Great-Emma wrote on Facebook: “After all the Xmas savings, Bariga rat has shown me pepper.” …
Considering how weddings mean so much to ladies and the gargantuan money that their prospective partners fork out to make the occasion a memorable one, this advise from Efia Odo won’t be convincing to most of them. Efia Odo stated that people should be wise when it comes to spending on their weddings, adding that since marriage is a long …
The Chief Executive Officer (CEO) of Groupe Nduom, Dr Papa Kwesi Nduom, has described as “widely inaccurate” the Bank of Ghana’s (BoG) statement that sought to justify why GN Savings and Loans Limited was closed down by the entity. “The statements within regarding GN Savings are wildly inaccurate. Given the detailed information provided to the BoG nearly a year ago, …
The Chairman of insolvent GN Savings and Loans, Dr Papa Kwesi Nduom, says his company would have been “highly liquid” if the Ministry of Finance and other government agencies had paid amounts owed to it. The BoG on Friday (August, 16, 2019) revoked the licences of GN Savings and Loans and 22 other insolvent savings and loans companies and finance …
ASA Savings and Loans has compensated the family of the two children molested by some workers of the Elmina branch of the company last year for defaulting in loan repayment, Child Right International (CRI) announced on Tuesday. Mr Bright Appiah, the Executive Director of CRI announced the decision of the company at a media briefing in Accra explained that the …
The Bank of Ghana has downgraded GN Bank to a savings and loans company. This was after the central bank finished what it describes as the banking resolution requiring each commercial bank operating in the country to have a minimum capital of ¢400 million. At a news conference in Accra Friday, BoG Governor Dr Ernest Addison said Vish Ashiagbor of …
