Courts
The Beige Group spent over GHC1.8million on publicity – witness
He said it was as part of activities marking the transition of the Beige Capital Savings and Loans (BCSL) to the Beige Bank (TBB).
GNA
Results for "GN Savings and Loans"
10237 results.
Supreme Court News
Nduom can challenge GN Bank License revocation at High Court- Supreme Court
This settles the contention as to whether the businessman was legally bound to go for arbitration per the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) or fight the action at the High Court
Richard Osei Boateng
Courts
Former employee of defunct Beige-Bank tells court money was invested in bank’s rebranding, assets
The rebranding was necessitated when the Bank of Ghana (BoG) upgraded it from a Savings and Loans to a bank status, the first defence counsel’s witness said in his evidence-in-chief.
GNA
General
Collapse of 347 MFIs: List of properties available for auction
The Receiver of the collapsed 347 Microfinance Companies (“MFIs”) and the 23 Savings & Loans and Finance House Companies has reminded the general public of bids to purchase some properties belonging to the defunct institutions.
DL News
Courts
GN Bank's action challenging its revocation fails at High Court
The court held, among others, that the Bank of Ghana could not be faulted for the move because it was a reasonable step taken to protect the public interest.
DL News
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
General
Vietnamese billionaire sentenced to death for $44bn fraud
Behind the stately yellow portico of the colonial-era courthouse in Ho Chi Minh City, a 67-year-old Vietnamese property developer was sentenced to death on Thursday.
BBC
Europe
UK solicitor who borrowed £630,000 from clients is struck off lawyers roll
Jack Grunhut was found to have backdated an application for stamp duty land tax relief, took out loans from clients and received referral payments for referring clients to a short-term lender.
The Law Society Gazette
Business
BoG to take action against 19 unlicensed loan providers
"The activities of these unauthorised entities amount to non-adherence of the consumer protection requirements and an abuse of customer data and privacy laws."
DL News
General
JUSAG president optimistic about the JUSCOFund
He told Dennislaw news that the time of high indebtedness of members is over because they can now access loans from the fund at very low-interest rates in just after six months of contribution.
DL News
Business
BoG unveils tough new rules to tackle rising non-performing loans
In a notice issued this week, the Central Bank said the move re-emphasizes existing prudential guidelines while introducing additional credit risk management controls aligned with international best practices.
DL News
Europe
UK's notorious romance fraudster who blew women’s life savings jailed for 17 years
Nigel Baker, 56, from Romford in Essex, targeted five women he met on dating sites, including Plenty of Fish, by posing as a successful online bookmaker and convincing them their cash would be safely invested.
DL News
General
US-based company sues Groupe Nduom, 18 others alleging money laundering, wire fraud
An equity fund and securities investment company based in the United States, Birim Group LLC, has brought charges against the founder and former flagbearer of the Progressive People’s Party (PPP), Dr Papa Kwesi Nduom.
DL News
Election Petition
2020 Election Petition not novel
Lest we forget, the 2020 Election Petition is not novel. It appears to be a rehashed of the 2012 Election Petition. Aside the swapping of roles, the key issue and actors remain the same: Nana Addo Dankwa Akufo-Addo, Electoral Commission and...
DL News
Crime
US court uphold extradition of former MASLOC boss to Ghana
The ruling means the United States court has accepted Ghana’s request at the judicial stage and found that the legal conditions for extradition have been met.
DL News
Business
GRA launches digital tax system to boost informal sector compliance
The event, held at the Mövenpick Ambassador Hotel in Accra, brought together key partners from the Ministry of Finance, MASLOC, the African Development Bank (AfDB), and Eban Capital Ltd.
DL News
Courts
Former MASLOC CEO, Sedinam Tamakloe Attionu sentenced 10 years to prison
They were convicted on 78 counts including causing financial loss to the state, theft, conspiracy to steal, money laundering, and violating public procurement laws.
DL News
General
Full Speech: Bar president, Yaw Acheampong Boafo at 2022 annual Bar Conference
This year’s event which is underway in Ho in the Volta Region has been theme “Ghana's Democracy under the Fourth Republic: Gains, Challenges and Prospects.”
DL News
Business
Large exposures directive for banks, others issued by BoG
The directive aims to mitigate risks by limiting the maximum loss Regulated Financial Institutions (RFIs) could face if a counterparty or a connected group of counterparties suddenly defaults.
DL News
Business
BoG to crack down loan defaulters with tough new sanctions
Under the new measures, individuals identified as wilful loan defaulters by regulated financial institutions (RFIs) will be blacklisted from accessing credit for up to five years.
DL News