Author: Samuel Nartey

Who Should Regulate Menzgold – BOG or SEC?

August 9, 2018

In November 2017, the Bank of Ghana (BOG) via notice[i]cautioned the public against transacting business with Menzgold Ghana Company Limited (Menzgold). The notice further stated that anyone who continues to transact business with the company “does so at his or her own risk, and the Bank of Ghana will not be liable to such clients […]

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Can the government dissolve the GFA?

June 11, 2018

On June 7, 2018, the Government through its Minister of Information issued a press release stating that the “…Government has decided to take immediate steps to have [emphasis] the GFA dissolved”. This statement was issued on the back of Anas Aremeyaw Anas’ documentary, Number 12 which unearthed massive corruption in football administration in Ghana between […]

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Unibank vs UT Bank and Capital Bank: Spot the Difference?

March 22, 2018

The Bank of Ghana (BOG) on March 20, 2018, appointed KPMG as “official administrator” of Unibank Ghana Ltd (“Unibank”). According to the BOG, the appointment of the official administrator is to save Unibank from imminent collapse and prevent losses to depositors and creditors. This is the second time the BOG has intervened in the operations […]

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Did The Minister for Finance Flout Corporate and Banking Rules for Political Interests?

October 5, 2017

The Minority in Parliament  on 5 September 2017 gave a press release with respect to an approval given by the Minister of Finance (“Minister”) concerning a credit facility taken by McDan Shipping Company (“McDan”) from the Agricultural Development Bank (“Bank”).  According to the government, the Bank (through its Managing Director) sought the approval from the […]

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Making Things Anew: A Review of The Supreme Court’s Approach To Constitutional Infractions

July 19, 2017

In the well known case of Marbury v Madison[1], Chief Justice Marshall counsels: “certainly all those who have framed written constitutions contemplate them as forming the fundamental and paramount law of the nation, and consequently the theory of every such government must be, that an act of the legislature repugnant to the constitution is void”. […]

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