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Pick our calls and come for your money – Gold Coast to customers

Gold Coast Fund Management, now Blackshield Fund Management says some of their customers are influencing others from accepting their new payment plan. According to the firm, the aggrieved customers have intentions of destabilizing companies of their founder Papa Kwesi Ndoum hence their insistence on a demonstration. “We have announced and are following a program of paying our customers, beginning with ...

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Terkper charges BoG to establish extra tier in banking system for local banks

Source: citibusinessnews.com Former Finance Minister Seth Terkper has advocated the creation of an additional tier banking reserved for indigenous banks to occupy the existing gap between the minimum capital requirement of universal banks and savings and loans companies. The Bank of Ghana in 2017 increased minimum capital requirement from GHS120 million and gave the banks a December 31, 2019 deadline ...

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Young Ghanaian entrepreneur; Mr. Candy Ghana grabs 3 awards in 2019

Illustrious Ghanaian Entrepreneur; Mr. Musah Trawill has picked his third Excellence award for this  year. Mr. Trawill, known popularly as Mr. Candy Ghana received the Excellence Youth Leadership Award during the Annual International Humanity Conference at the University of Ghana on 26th September, 2019. His Mother , Madam Fati Musah received his award on his behalf. “You projected the image ...

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I am done with prosperity preaching; it’s a trick – Televangelist Benny Hinn

A prominent televangelist, Benny Hinn, says he is quitting prosperity preaching because it is a gimmick adopted by Christian religious leaders. – According to Hinn, Christian religious leaders adopted the gimmick to squeeze money from members of their congregation. – The televangelist says it is an offence to the Holy Spirit to place a price on the gospel, adding that ...

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Ndoum resigns from board of Gold Coast Brokerage; changes company’s name

Source: citibusinessnews.com The Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom has resigned from the Board of Gold Coast Brokerage Limited. A statement from the Ghana Stock Exchange to Citi Business News confirmed the announcement. Dr. Papa Kwesi Nduom is resigning from the Board together with Patrick Kobina Anumel. They are being replaced by Dr. Olivia Anku-Tsede, Mr. Joseph Kusi-Tieku ...

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FBI takes down Nigerian fraudsters in $46M scam

Source: justice.gov A 252-count federal grand jury indictment unsealed on Thursday charged 80 defendants, most of whom are Nigerian nationals, with participating in a massive conspiracy to steal millions of dollars through a variety of fraud schemes and launder the funds through a Los Angeles-based money laundering network. The indictment was unsealed after law enforcement authorities on Thursday morning arrested ...

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I shall bounce back – Nduom assures

Group Chairman and Chief Executive Officer (CEO) of Groupe Nduom Dr. Papa Kwesi Nduom has given the assurance that the GN Savings and Loans will bounce back. The BoG last Friday revoked the licences GN Savings and Loans and 22 Savings others citing various infractions and violations of Acts governing their operations. The BoG explained among other reasons that “of ...

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BoG’s $62m cash transfer claim false – Nduom

The Founder and owner of GN Savings and loans Dr. Papa Kwesi Nduom has dismissed claims by the Bank of Ghana that over $62 million were illegally transferred to a related company, International Business Solutions, in the USA. GN Savings and loans and 22 other companies in the savings and loans sector were on Friday closed down by the Bank ...

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