Courts
Aisha Huang, three others denied bail third time by Circuit Court
The four pleaded not guilty again to charges of mining without a license and engaging in the sale and purchase of minerals without a valid license.
DL News
Results for "Illegal forex activities"
1577 results.
General
IGP declares war on illegal mining, describes it as national security threat
Speaking at the Regional Police Commanders' Conference, COP Yohuno highlighted the alarming rise in criminal activities linked to illegal mining, particularly in the Western North region.
DL News
General
Galamsey: Complete mining ban not the solution-Ace Ankomah
He argues that legitimate mining companies should not be grouped with illegal miners, as doing so could have significant financial consequences for the economy and compliant businesses.
DL News
Business
NPA boss to crackdown illegal fuel trade, warns against political interference
Speaking during a meeting with the Bono Regional Security Council (REGSEC) as part of his tour of the region, Mr. Tameklo reaffirmed the NPA’s commitment to enforcing regulations and ensuring that fuel transportation and sales adhere to leg...
DL News
Crime
Forestry Commission cracks down on illegal mining in Tano Anwia forest reserve
The team also seized an excavator and two gold detector machines during the raid in Compartments 17 and 63 of the reserve.
DL News
General
Legal, regulatory framework gaps to blame for illicit political funding in Ghana-CDD finding
CDD observed that the more tangible sources of campaign financing were from major campaign financiers, some of whom are engaged in Serious and Organized Crime (SOC) activities.
DL News
Courts
Man jailed 12 years after stealing trader’s foreign currencies at Aburaso
The court, presided over by Mr Jephthah Appau, sentenced him after the prosecution presented the facts of the case.
DL News
Business
Redirect FX inflows to commercial banks-BoG to mining firms
According to Governor Dr. Johnson Asiama, the move is aimed at strengthening the interbank foreign exchange market and boosting liquidity.
DL News
Courts
Court dismisses BoG's application,clears path for suit against cedi depreciation
Justice Audrey Kocuvie-Tay, who presided over the matter, ruled that the suit raised legitimate legal questions rooted in gross negligence and could not be described as an abuse of court process, as argued by BoG’s legal team. She added tha...
DL News
Business
Bank of Ghana to enact new Forex Law – New Governor
Speaking at the Jubilee House on Tuesday, February 25, after being sworn into office by President John Mahama, Dr. Asiama highlighted the proposed law as a key component of his agenda to reform Ghana’s financial landscape.
DL News
Business
Fidelity Bank denies claims of withholding $25 million from MIIF
In a statement shared on social media platforms, the bank clarified that it had facilitated a foreign exchange transaction, expecting MIIF to meet its financial obligations within the agreed timeframe.
DL News
Courts
Forex trader remanded for allegedly defrauding two persons
The accused, Benjamin Appiah Boateng, is said to have promised the victims, Mr. Berry Kwadwo Agyapong and Mr. David Burke, lucrative returns from investments in USDT on Binance and other cryptocurrency platforms.
DL News
Business
Foreign currency services restored at CBG as trading licence reinstated
This development allows CBG to fully resume foreign exchange services at all branches nationwide, providing customers with a seamless experience for buying and selling foreign currencies.
DL News
Crime
Businessman granted GH¢2m bail over fraud
The 47-year-old allegedly took $105,000 from another businessman under the pretext of exchanging it for the equivalent of GH¢1,627,500 but did not follow through.
GNA
Business
BoG suspends forex trading licences of GTBank and FBNBank
The suspension is also in accordance with section 11 (2) of the Foreign Exchange Act 2006, (Act 723).
DL News
Courts
Prince Tagoe’s $40,000 auto fraud case: Court orders him to pay GH¢10 per dollar
Tagoe has so far refunded $21,000 (GH¢210,0000) cedi equivalent, leaving a balance of $19,000
GNA
Business
Desist from dealing with these eight unlicensed money transfer organisations - BoG cautions
“By this Notice, all market players are reminded of the directives above and entreated to comply accordingly"
DL News
Business
Scrap VAT Amendment Act – Importers and Exporters Association tells Government
Per the Value Added Tax(Amendment) Act, 2021(Act 1072), the Value Added Tax (VAT) flat rate for retailers of goods has been restricted to taxpayers whose turnover is Two Hundred Thousand Ghana cedis (GH₵200,000) and above, but not exceeding...
DL News
Business
5th UPSA Law School Africa Trade Roundtable held
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
Ghana card to be sole ID for all financial transactions-BoG
In a notice signed by the Secretary to the Central Bank, Ms. Sandra Thompson, entreated all financial institutions to take steps to update customer records with the Ghana Card in line with Section 30 of the Anti-Money Laundering Act, 2020 (...
DLN