Finance Minister Ken Ofori Atta has announced that Ghana’s overall crude oil production is expected to more than double over the next four years. This comes after Aker Energy ASA confirmed a significant offshore resource base in Ghana with a...
The European Commission (EC) has added Ghana to a list of 23 countries with strategic deficiencies in their anti-money laundering and counter-terrorist financing frameworks. Ghana and her West African neighbour Nigeria were added to an already existing blacklist of 16...
The Securities and Exchange Commission (SEC) has strongly rejected claims it is responsible for the collapse of gold trading firm Menzgold Ghana Limited. SEC ordered Menzgold in September last year to suspend their operation with the public. According to the...
Struggling financial institution, GN Savings and Loans, has revealed it is in talks with another bank to help it meet it’s financial obligations. According to a JoyNews report, the move, if fruitful, will see GN Savings and Loans deal with...
At least 15 staff of the Bank of Ghana are before a Disciplinary Committee over misconduct leading to the collapse of over seven banks in Ghana. The newly formed Ethics and Investigative Office of the Central Bank referred the 15...
A 39-year-old employee of Group Nduom (GN) Bank now savings and loan company has been put before an Accra Circuit Court for allegedly misappropriating cash in the sum of GHC732,000. Eric Holon, who has been charged with stealing and six...
Former General Secretary of the Christian Council of Ghana, Rev. Dr. Kwabena Opuni-Frimpong has requested for professional counselling for the aggrieved Menzgold customers. According to him, counselling will be necessary because many of the Menzgold customers are going through humiliation,...
There is fresh controversy brewing at the Ghana National Petroleum Corporation (GNPC) as some key administrative decisions of the Chief Executive, Dr. Kofi Kodua Sarpong have been called into question. He is being accused of irregular recruitments and hijacking the...
With Ghana’s Nana Appiah Mensah and his gold dealership company Menzgold dominating news headlines over the Menzgold Ponzi scheme customers locked up cash, while his whereabouts remain unknown, directors of another serious Ponzi Scheme in Benin have each been jailed...
Consolidated Bank Ghana (CBG) has assured the financial markets that customers and investors, individual and institutional, are being paid promptly when their deposits and investments mature. Daniel Addo, Managing Director of the bank, in a media interview said the task...
A supposed brother of embattled Menzgold CEO, Nana Appiah Mensah, has accused the Economic and Organize Crime Officer (EOCO) of sealing a $51 million fraud case. According to the man only known as KOD, EOCO is aware of the pending...
A total of 28 Bulk Road Vehicles (BRVs), six canoes, four mobile pumps and five outboard motors carrying 709,250 litres of illegally smuggled petroleum products with taxes and levies value of GHc1,150,186 have been confiscated. Additionally, 15 BRVs carrying 790,000...
Ghanaian millionaire and businessman, Ibrahim Daouda popularly known as Ibrah One have stated that the government is protecting the embattled CEO of Menzgold, Nana Appiah Mensah (NAM1). According to him, the government and top officials are scared of being exposed...
The Economic and Organized Crime Office (EOCO) has dismissed a report making round in a video on social media that a brother of accosted Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah popularly called NAM1, has...
The leading cryptocurrency exchange company in Canada has been unable to pay its customers because its founder died with their passwords. Sky News reports that QuadrigaCX’s founder, Gerald Cotton’s death means the company cannot repay $190m (£110m) to clients. The 30-year-old...
Aggrieved customers of Menzgold Ghana Limited have threatened to deal with anyone involved in the mess that has led to their investments being locked up. The gold dealership firm has been out of operation due to its problems with...
A bank manager has narrated how one of his customers was defrauded of a sum of GHc500,000 during a business transaction. According to him, the victim had gone to trade some raw cashew nuts and was supposed to be paid...
The Coalition of aggrieved Menzgold customers have hinted ten of their members have died due to the shock of dealing with the crisis which has befallen them. According to the coalition, some members have also had to go into hiding...
Tension is brewing among workers of PMS International Mainstay, contractors of the Tema Motorway roundabout extension works. The workers are calling on management to reinstate four of their leaders who have been sacked for allegedly threatening stoppage of the project...
The Economic & Organised Crime Office (EOCO) has arrested two individuals who were allegedly illegally removing properties of Zylofon Media, a subsidiary of embattled gold collectibles firm, Menzgold Ghana Limited. According to EOCO, the two suspects were arrested on Wednesday,...

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