Nii Lartey

1 week ago | citinewsroom.com | Nii Lartey

Dr. Philip Oti-Mensah has been appointed as the new Managing Director of Universal Merchant Bank (UMB). Prior to this appointment, Dr. Oti-Mensah served as Chief Operating Officer of OmniBSIC Bank, after previously holding the position of Executive Director at the same institution for several years. A dynamic and results-driven business leader, Dr. Oti-Mensah brings over 20 years of experience in banking and development finance.

2 weeks ago | citinewsroom.com | Nii Lartey

Management of Valley View University in the Greater Accra Region has expressed deep concern over the growing encroachment on its lands by developers. The institution reports that approximately 10 acres of its property have already been taken over, with the situation escalating in recent weeks. According to the university, the encroachment is beginning to affect academic activities on campus.

3 weeks ago | citinewsroom.com | Nii Lartey

The first budget speech of Ghana’s new government on 11 March painted a picture of an economy in crisis, facing high debt and fiscal mismanagement. The finance minister, Cassiel Ato Forson, acknowledged that key International Monetary Fund performance targets would be missed and announced drastic spending cuts. However, most Ghanaians just wanted to know whether the minister would announce the scrapping of the country’s electronic transfer levy (or e-tax), as he’d indicated he would.

1 month ago | citinewsroom.com | Nii Lartey

All company accounts of Bills Micro-Credit and Quick Credit and Investment Micro-Credit have been frozen by the Financial Intelligence Centre. Fresh details emerging also indicate that all personal accounts of the companies’ Founder, Richard Nii Armah Quaye, and CEO, Romeo-Richlove Kweku Seshie, have also been frozen. The action was taken by the FIC in accordance with Section 56(1) of the Anti-Money Laundering Act, 2020 (Act 1044).

1 month ago | citinewsroom.com | Nii Lartey

Leading public policy think tank, CUTS International is calling MultiChoice Ghana Limited to give fair notice to consumers over its intention to adjust subscription fees and desist from the short notices it gives to its subscribers in Ghana. MultiChoice Ghana (DSTV) has announced a subscription price adjustment effective April 1, 2025, reflecting an average increase of 15% across all subscriber packages.