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Democrats considering a bill to ban Facebook from the finance industry

Democrats in Congress are considering a new bill that would stop Facebook’s cryptocurrency plans in its tracks. Dubbed the Keep Big Tech Out of Finance Act, the new bill would explicitly ban large platform companies from performing banking functions. The bill would be a direct rebuke to Facebook’s plans with the …

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Obinim sues GRA for taking over his bank account

The Presiding Bishop of the International Godsway Church, Bishop Daniel Obinim, has sued the Ghana Revenue Authority (GRA) for taking over his Fidelity Bank account over non-payment of taxes. The suit follows a Garnishment Notice issued by the GRA on 27th June 2019 by the Commissioner to Fidelity Bank seeking …

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ECG, PDS dispel rumours about looming dumsor

Power Distribution Services (PDS) and the Electricity Company of Ghana (ECG) have urged public calm over fears of looming power outages due to debts owed power producers. In a joint statement, the two institutions sought to dispel the threat by the Chamber of Independent Power Producers and Bulk Consumers (CIPDIB) …

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Huawei will reportedly lay off hundreds of US workers

Chinese telecommunications firm Huawei is reportedly preparing to lay off hundreds of workers in the United States, reports The Wall Street Journal. The company has struggled in recent months after the Trump administration placed a de facto ban on US sales to the company, citing potential security threats and amidst …

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Facebook ‘to be fined $5bn over Cambridge Analytica scandal’

US regulators have approved a record $5bn (£4bn) fine on Facebook to settle an investigation into data privacy violations, reports in US media say. The Federal Trade Commission (FTC) has been investigating allegations that political consultancy Cambridge Analytica improperly obtained the data of up to 87 million Facebook users. The …

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PDS to compensate customers experiencing metre challenges

Power Distribution Services (PDS) has assured electricity users experiencing some challenges with their prepaid metres that the problems will be rectified and those affected will be compensated. Some consumers of electricity have expressed outrage over the billing system of Power Distribution Services (PDS) as well as the ongoing erratic supply …

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NAM1 arrives in Ghana today

Chief Executive Officer of troubled Menzgold Ghana Limited, Nana Appiah Mensah, aka NAM1 is expected to arrive in Accra by 11am today, July 11 via Emirates Airlines after months of wrongful incarceration in Dubai, United Arab Emirates where he had gone in pursuit of his company’s funds in December 2018. …

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