Courts
GIIF Sky Train trial adjourned to October 13
The matter came up on Thursday, August 28, before the Vacation High Court in Accra, presided over by Justice Kizita Naa Koowa Quarshie.
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Results for "Financial Action Task Force"
2782 results.
General
AG concerned about high attrition rate as top prosecutors exit over poor pay
Speaking during a working visit by the Parliamentary Select Committee on Constitutional and Legal Affairs, Dr. Ayine revealed that a principal state attorney had recently tendered a resignation letter, citing financial pressures and the sta...
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Crime
Why EOCO seized Shatta Wale's Lamborghini
The June 2025 operation, carried out by EOCO’s Surveillance and Asset Recovery Unit (SARU), followed a formal request from the U.S. Federal Bureau of Investigation (FBI) and Department of Justice (DOJ).
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Courts
Dame dares Ayine to prove GH¢10M Beige Bank settlement claim
Dr. Ayine, speaking at a sectoral update on Monday, July 28, claimed that shortly after taking office, legal representatives of Beige Capital approached him with a GH¢10 million offer as part of a proposed settlement related to the financia...
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Business
BoG warns financial institutions: FX violations will lead to license termination
In a statement released on July 29, 2025, the central bank said it had observed continued non-compliance by some banks, Dedicated Electronic Money Issuers (DEMIs), Enhanced Payment Service Providers (EPSPs), and Money Transfer Operators (MT...
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Courts
Why was the case of Kwabena Duffuor and 7 others discontinued? -AG explains
At a sectoral update held on Monday, July 28, Dr. Ayine announced that the case, The Republic v. Kwabena Duffuor & 7 Others (CR/0248/2020), was withdrawn via a nolle prosequi following a structured settlement deal valued at GH¢2 billion—rou...
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Crime
Defunct Beige Bank CEO acquitted and discharged
Michael Nyinaku, former CEO of Beige Bank, has been acquitted by the Court of Appeal after facing 44 charges, including theft and money laundering.
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US
First major national crypto legislation passed in US
The new law, known as the Genius Act, establishes a regulatory framework for stablecoins—cryptocurrencies pegged to traditional assets like the US dollar and considered less volatile than Bitcoin or Ethereum.
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Crime
Former NPA Boss, 9 others charged by OSP for extortion, money laundering
According to a press release issued on Thursday, July 17, the OSP’s charges follow an in-depth probe that began in late 2024 into alleged financial irregularities within Ghana’s petroleum regulatory framework.
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Courts
Trial of Ameyaw Akumfi, Asamoah set for July 23 in Sky Train scandal
The duo faces charges of causing financial loss to the state and willful misuse of public funds linked to the failed $2 million Accra Sky Train project.
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General
Gov’t moves to curb scholarship bias with new Bill
Education Minister Haruna Iddrisu announced at the official launch of the "No Fees Stress Policy" at the SDA College of Education in Koforidua, Eastern Region.
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Business
BoG blacklists 10 foreign money transfer firms over regulatory breach
In a statement released on June 27, 2025, the central bank named the unlicensed operators as Ace Money Transfer, Remit Union, Remit Home, Roze Remit, Monty Global, Nairagram, I-Transfer, Hurupay, Eversend, and Izi Send.
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Courts
Fishmongers fined for buying GH¢100k worth of stolen tilapia
The women pleaded guilty to dishonestly receiving the stolen fish and were convicted on their own plea. Their lawyers appealed for leniency, and the court, presided over by Justice Enid Marful-Sau, responded with a financial penalty of 100...
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Supreme Court News
Ameyaw-Akumfi seeks Supreme Court intervention in Sky Train trial
Prof. Ameyaw-Akumfi and former GIIF CEO Solomon Asamoah are currently standing trial for allegedly causing financial loss to the state and misusing public resources linked to the now-stalled urban rail initiative.
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Crime
Six persons arrested in Kumasi for attack, robbery of bank customers
According to Regional Police Commander DCOP Emmanuel Teye Cudjoe, the group trailed individuals who withdrew large amounts of money from financial institutions and then broke into their vehicles to steal the cash.
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Courts
Lawyers seek variation of bail conditions for accused in Accra Sky Train case
Asamoah and Ekumfi face multiple charges, including willfully causing financial loss to the state and intentionally mismanaging public funds in connection with the $2 million Accra Sky Train project, which ultimately failed to materialize.
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Courts
Prosecution files witness statements in GHS 49.1 million NSB cybersecurity fraud case
The accused are standing trial for multiple charges including stealing, conspiracy, and causing financial loss to the state.
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Courts
Bright Simons enters appearance in GH¢10M defamation suit, demands key admissions from Ibrahim Mahama
Mr. Simons has formally responded to the GH¢10 million lawsuit brought against him by Mahama and his company, Engineers & Planners (E&P), by filing a motion at the Accra High Court that demands admissions to 38 crucial factual claims.
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Business
New law to empower MMDCEs access capital markets in the offing-Minister
He noted that this initiative will also enable MMDAs to raise capital for development projects.
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General
UG rebuts claims of payroll mismanagement, cites misinterpretation of dual salary system
The institution’s response comes in the wake of a May 16, 2025 report by Joy News, which referenced the Auditor-General’s findings and pointed to alleged payroll irregularities at the University.
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