- Savanna Brokerage customers cry over ‘locked up cash’
Some customers of Savanna Brokerage, an online investment company, are crying over their locked up cash.
From investigations conducted by the morning show team, Frontline, on Rainbow Radio 87.5Fm, over 12,000 customers have their investments locked up with the company.
The investments according to some customers who spoke to Kwame Tutu, said, their investments range between GHc1,000 and GHc50,000. According to the customers, the online investment company has a system which operates with registered MTN merchant lines.
From further information gathered, the brokerage is a ‘’South African brokerage firm, specializing in providing a secure, convenient investment solution to clients from across Africa.’’
The company engages in accumulating funds of their investors and diversifying them according to innovative estimated schemes in the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities and minerals mining.
A customer told the host that, they have been unable to activate their accounts online after days of subscribing to the operations of the company.
The official website of the company has also been suspended when rainbowradioonline.com visited the page. MTN has also suspended the use of their merchant lines for the company because they indicated to customers who complained to them that, they had no business with the brokerage company, one of the customers said.
The customer said MTN told him the telecommunication company was still investigating the matter.
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- One-Village-One-Dam: Gov’t to construct 570 dams
A total of five hundred and seventy (570) dams are to be constructed in the three Northern regions this year as part of the Government’s manifesto pledge to facilitate community-owned and managed small-scale irrigation facilities across Ghana.
Feasibility studies and consultative forums have been undertaken, with work on the first of these dams set to begin in a couple of weeks, ahead of the rainy season.
Dr Mahamudu Bawumia, the Vice President, made the disclosure at the annual “Paarigbielle” festival of the chiefs and people of the Tumu Traditional Area in the Upper West Region, on Saturday March 17, 2018.
Dr Bawumia said, a similar number of dams will be constructed across the three northern regions next year, with the dams, together with other interventions in the agric sector, expected to have a great impact on Ghana’s food security and improve the lives of the farming communities.
He indicated that the Sissala area, which is made up of the Sissala East and West districts, will get 10 dams apiece.
- Stonebwoy: Shatta is never musically better than me
Self-proclaimed prince of dancehall, Stonebwoy unveiled that he is musically better that fellow musician, Shatta Wale.
The Reggae and dancehall artiste was one of the many entertainers who attended the launch of actress Kafui Danku’s ‘Silence Is Not Golden’ book on Sunday, March 18 in Accra and he had something to say about his label mate, Shatta Wale.
The ‘Baafira’ hitmaker argued that he is lyrically and musically better than Shatta Wale who has been throwing jabs at him in recent times.
The BET award-winner further revealed that he “murdered” the ‘Dancehall King’ hitmaker in 2010 during a competition so Ghanaians should stop comparing them because he is not his co-equal.
‘Shatta Wale can never murder me. He is never lyrically good like me and he knows it. Shatta Wale is never musically and lyrically better than I am. I murdered him in 2010 at Labadi (beach). Lyrically, I’m the baddest in Africa.’
The two dancehall artistes, Shatta Wale and Stonebwoy are signed on Zylofon Music.
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- SMEs urged to register their businesses
Managing Partner, AKA and Partners, Mr Noble Yaotse Adonoo, has encouraged Small Medium Enterprises (SMEs) to register their businesses to qualify for various assistance including accessing loans to expand their businesses.
He noted that most SMEs were not registered and as well lacks bookkeeping records of their operations, making it difficult for would-be investors and financial institutions to evaluate businesses and offer assistance.
Mr Adonoo made these remarks in an interview with media, on the sideline of a seminar organised by the Faculty of Accounting and Finance (FAF) of the University of Professional Studies, Accra (UPSA).
The seminar which was part of activities marking the 2018 FAF Professional Week Celebration was aimed at training some SME players within the University’s catchment area; on the need to register their businesses, proper book-keeping practices and accessing credit facilities.
- GN to open a Liaison Office in Washington DC
Groupe Nduom, a multinational company, has announced plans to open a Groupe Nduom (GN) Liaison (not sales) Office in Washington DC, United States of America.
President and Chairman of GN, Dr Papa Kwesi Nduom, made this known while speaking at Ghana’s 61st Independence Anniversary Dinner in Washington DC, USA, at the weekend.
The anniversary dinner was organised by the Council of Ghanaian Associations (COGA) of the Washington Metro Area.
According to Dr Nduom, “by the end of this month [March 2018], we [GN] will open a Groupe Nduom Liaison Office in this Metro Area, specifically 5509 Vine Street, Alexandria.”
The move, he explained, will, among other things, help promote products and services offered by GN in West Africa.
Dr Nduom recounted how his group, in April 2016, acquired what he described as a “small bank on the South side of Chicago called ISF Bank.”
“We are about to introduce a product, PayGlobal, in partnership with ISF Bank, so that you can open an account with the bank and feed your PayGlobal Digital wallet with funds.”
This, Dr. Nduom said, will make it possible for Ghanaians in Washington DC to send money directly to Ghana from an ISF bank account using the PayGlobal app.
He went on to give the assurance that this will happen before June this year, adding that “When you patronise PayGlobal, you will help Ghana earn foreign currency because we will use it to support local businesses in Ghana.”
- Ghana is the best destination for investment – Bawumia
Vice President Dr Mahamudu Bawumia has said Ghana is the best investment destination because govt is committed to pursuing business-friendly programs and policies to improve the business climate for domestic and foreign investments.
He said the Government believed that private sector participation was crucial in achieving the President’s vision of building ‘‘Ghana Beyond Aid,’’ since the public sector alone could not shoulder all the challenges of national development.
To that end, he said government was embarking on bold and innovative reforms to de-risk the business environment and lay the right foundation for business development.
Vice President Bawumia said this when he delivered a keynote address at the Ghana-Norway Business and Investment Forum in Accra, on Monday.
The two-day forum is being organised by the Norwegian Embassy, Norwegian African Business Association and Norfund, aimed at fostering co-operation and partnerships between Ghanaian and Norwegian companies and businesses.
It also aims at enhancing business and investment opportunities in the country towards achieving economic growth and job creation.
There are 30 business delegation from Norway, Germany, Holland and other G-20 countries taking part in the forum to explore investment opportunities in Ghana.
The event is a follow-up on the Norwegian-African Business Summit held in Oslo, Norway, in October last year, which Vice President Dr Bawumia made a presentation on the need for Norway and other developed countries to invest in Africa.
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