Courts
Why AG entered nolle prosequi in the Duffuor case
“In this case, that benchmark has been met,” the statement read. “The continuation of the trial, in the Attorney-General’s view, would no longer serve any additional public interest.”
DL News
Results for "National Investment Bank"
3240 results.
Business
BoG urges public to save with licensed financial institutions
In a recent notice aimed at promoting financial literacy, the Central Bank stressed the importance of building a consistent savings habit, noting that it is never too early—or too late—to start.
DL News
Business
BoG sets sights on crypto regulation and digital oversight
At a recent engagement with bank executives following the Monetary Policy Committee (MPC) meeting, BoG Governor Dr. Johnson P. Asiama outlined a refreshed supervisory agenda aimed at strengthening institutional governance, cybersecurity, an...
DL News
Business
More staff of Banks, SDIs were implicated in fraud in 2024-BoG Report
The report, compiled by the Bank of Ghana and covering Banks, Specialised Deposit-Taking Institutions (SDIs), and Payment Service Providers, also revealed that 155 staff members were dismissed in 2024 for various offenses, with 54% of those...
DL News
Business
Central Bank rolls out new Anti-Money Laundering guidelines for forex bureaus
These guidelines address critical areas such as the appointment and responsibilities of an Anti-Money laundering reporting officer, collaboration with regulatory authorities, and customer due diligence.
DL News
Business
UMB's 2010 dismissal of former MD justified-Supreme Court
In a unanimous decision, the court affirmed that Illiasu’s dismissal in 2010 was justified due to breaches of banking regulations and internal policies.
DL News
Crime
Hairdresser jailed 5 years for stealing via clone cheques
Oforiwa faced seven charges, including theft and aiding criminal activities. Although a first-time offender and a mother of two, the court ruled that her deliberate actions warranted punishment.
DL News
Courts
Three robbers suffer double agony before court
Isaac Amejor and Michael Baffour, aka Mike, ex-police and military officers, respectively together with Mutakilu Saddick, had 35 years imprisonment each for robbery after being slapped with a jail term of 30 years each by the same court for...
GNA
Business
BoG did not err in disapproving UMB director’s appointment-Court
The case stemmed from a 2022, directive issued by the BoG directing all commercial banks, including Universal Merchant Bank Ltd (UMB), to secure written "No Objection" from its outfit.
DL News
Business
Financial Sector clean-up: Persons implicated unfit to hold key positions-BoG
A statement signed by the Bank’s Secretary, Sandra Thompson noted also that this directive is to ensure ‘the continuous fitness and propriety of significant shareholders and persons, serving as directors and key management personnel,” of th...
DL News
Africa
Nigerian bank boss pleads not guilty to 26 fresh charges
The Economic and Financial Crimes Commission (EFCC) accused Mr Emefiele of committing exchange rate violations during his tenure as the central bank chief.
BBC
Supreme Court News
Supreme Court case diary for week commencing July 25 - 27 2023
The particular cases up for consideration are civil motions, civil appeals, review motions, and a criminal appeal
DL News
Supreme Court News
Unibank case: Supreme Court gives receiver ' green light' to testify
Founder of defunct Unibank, Dr. Kwabena Duffuor is standing trial on 71 counts of fraudulent breach of trust, money laundering, dishonestly receiving, and falsification of accounts.
DL News
Africa
Bank manager arrested for 'hoarding' new Nigerian notes
The country recently redesigned its currency, but the changeover has not gone according to plan as there are not enough of the new notes to go around.
BBC
Business
Team of Police, BoG officials arrest 76 persons over illegal forex trade
The suspects, mostly black market dealers are said to have carried out their operations without a licence from the Central Bank.
DL News
Business
Financial sector clean-up: 13 Specialised Deposit-Taking Institutions to be prosecuted as EOCO makes ready dockets
A report released by the Bank of Ghana (BoG), on Wednesday, August 17, 2022, stated that the dockets have equally been forwarded to the Attorney-General for advice.
DL News
Business
Africa's Trade financing: Central Banks' role could be the weakest link in PAPSS chain- UPSA Law Dean
The PAPSS was formally launched in January 2022. It is a centralized payment and settlement system for intra-African trade in goods and services. Africa currently has approximately 42 individual currencies.
DL News
Business
Review Forex Act 2006: Relook at requirement for opening FX Accounts - Absa Markets Head
“If you look at our FX market, I think the FX Act was passed in 2006. I think 16 years down the line, we have to relook at it if indeed the provisions as we have them there are really fit for the purpose."
DL News
Business
About GHC 54,000,000 realized in 1st month of E-levy – BoG
“As far as the E-levy is concerned, what we are beginning to see in the numbers since May, I think roughly we are seeing something like 54 million Ghana cedis is what has come in for the first month."
DL News
Africa
US agency sues woman for refusing to refund $65,683.50 mistakenly paid for 1998 terror attack
The money was supposed to go to a Mary Njoki Muiruri, but due to a mix-up in middle names, the money went to the wrong person. Ms Ngunyi is yet to respond to the suit.
DL News