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Dangote’s daughter appointed Executive Director of conglomerate

The second daughter of Africa’s richest man, Halima Aliko Dangote has been appointed as the Group Executive Director, Commercial Operations of the business conglomerate, Dangote Industries Limited (DIL). According to a release by the company, Halima Aliko Dangote is returning to the Group after serving on secondment in several capacities …

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SEC revokes licenses of 53 fund management companies

The Securities and Exchange Commission (SEC) has withdrawn the licenses of 53 fund management companies with effect from Friday, November 8, 2019. The SEC said the affected companies failed to return client funds which remained locked up in, contravention of the investment rules. “Essentially, they have failed to perform their …

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Court orders Menzgold to refund GH¢2.6m owed to 58 soldiers

The Accra High Court has ordered Menzgold Ghana Limited, a gold dealership firm to refund GH¢2,664,000 owed to some 58 soldiers. The court, presided over by Justice Angelina Mensah-Homiah J. in a November 4, 2019 ruling, however, refused to enforce the contractual interest at the rate contained in the respective agreements …

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US$600 million to be injected into cocoa sector

The government has announced plans to inject US$600 million into the cocoa sector. The funds, being sourced from the African Development Bank (AfDB) will finance various initiatives such as mass cocoa spraying exercises, agronomic support and input subsidies for farmers to help increase production. The President Akufo-Addo administration is acting through …

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Rotary Club refurbishes Accra Rehabilitation Centre

The Rotary Club of Accra Sunrise has refurbished portions of the Accra Rehabilitation Centre and handed it over to managers of the facility. The renovation and redecoration covered the male dormitories and the dining hall, and cost $54,000 which was raised from internally generated funds. At a short ceremony to …

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