An investment banker, Dr Samuel Ankrah, has called on the government to take immediate steps to permanently plug the loopholes in the internal control systems at the Ghana Cocoa Board (COCOBOD) to stop any financial hemorrhage. According to him, Cocobod is the financial life blood of the economy and therefore, all efforts must be put … Read more
SIC Insurance Company Limited has presented a cheque of GHC1,674,721.20 to Government of Ghana as a dividend for the year ending 2015. The amount represents 40% of total dividend payout to shareholders of the Company. Receiving the cheque on behalf of the government, Deputy Minister of Finance, Cassiel Ato Forson, congratulated SIC Insurance for the … Read more
The Bank of Ghana (BoG) has reacted to media reports that it spent $504,000 on gold watches for its staff as end of service benefit. According to the media reports, the BoG spent $504,000 which is equivalent to GH¢2 million to purchase “24 pieces of 18-carat ladies’ gold watches and 48 pieces of gents gold … Read more
The Bank of Ghana (BoG) has denied claims it engaged in frivolous spending following reports that it blew US$504,000 on gold watches explaining that the expenditure is part of its policy. The BoG in a statement also assured that no procurement rules were breached in presenting sole sourcing justification to the Public Procurement Authority (PPA) … Read more
The Bank of Ghana has attempted to justify why it spent an amount of $504,000 on Gold watches for some staff of the company as end of service benefits. According to the bank this was meant to show appreciation to deserving staff who had served for well over 30 years in the company. The bank … Read more
The Bank of Ghana is spending a whopping €450,000 – an equivalent of Gh¢2 million – on gold watches for retiring staff. According to BoG documents in possession of Starrfmonline.com, 72 staff who have served for 30 years and beyond are benefiting from the entitlement. The watches which are being bought from Messrs A Swiss … Read more