Source: Starr FM The Court of Appeal has thrown out an application from the Bank of Ghana (BoG), which challenged the jurisdiction of the High Court. BoG had argued that the High Court has no jurisdiction to hear the complaint which is challenging the revocation of GN Saving’ licence. It […]
Business
Claims of data breaches completely false – NCA
The National Communication Authority (NCA) has described as misleading claims of a breach of privacy of consumer information. A statement issued by the NCA “these claims are completely false.” The response from the NCA comes after a private legal practitioner, Mr. Francis Kwarteng Arthur, petitioned Vodafone Ghana’s mother company, the […]
GRA endorses ICUMS for helping to meet revenue targets
The Ghana Revenue Authority has refuted claims that since introduction of the Integrated Customs Management System (ICUMS), the state has lost revenue. Rather, the authority has had its revenue projections on target even with the teething problems that greeted the start of the system on June 1, 2020. Commissioner General […]
Banks call on government to help retrieve locked up funds
Mrs Comfort Owusu, the Executive Director of the Association of Rural Banks Ghana, has called on government to support Rural and Commercial Banks (RCBs) to retrieve locked up funds with the defunct financial institutions whose licenses were revoked. She appealed to government to consider a tax reduction from 25 per […]
African Development Bank gets S&P Global’s AAA rating, with stable outlook
Rating agency S&P Global has affirmed its ‘AAA/A-1+’ long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook The rating agency positively assessed the Bank’s very strong financial risk profile, very strong capital adequacy, strong funding and liquidity, extraordinary shareholder support, and adequacy of […]