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Pulse Business Wrap - 18th May 2016

28 views · Published 18 May 2016 · 2:14 · Indexed 20 September 2026

Channel: Pulse Ghana · 2016 · Entertainment

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Dr. Abdul Nashiru Issahaku, Governor of the Bank of Ghana says the Central Bank  has made major advancements towards paying back the monies of the customers of DKM Microfinance.
He revealed plans of implementing a buy-back scheme with a commercial bank who will buy DKM’s debt to customers and  redeem the debt  owed them.
"If a commercial bank is interested in buying back the debt, it can then be making the payment whiles we wait for the audit process to the completed," he added.
Addressing journalists at the monetary policy press conference in Accra, Dr. Nashiru Issahaku maintained that, the Bank of Ghana through the Registrar General has appointed Price WaterHouse Coopers to audit the accounts of DKM.


The General Secretary of the Union of Industry, Commerce and Finance Workers (UNICOF) John Esiape has threatened legal action against the union over his suspension. According to the John Esiape the Management committee of the Union has no power to suspend him per the rules of UNICOF.
A document citied by Citi Business News earlier dated May 13, 2016 and signed by the Chairman of UNICOF Alex Nyarko – Opoku stated that John Esiape was suspended until investigation over alleged malfeasance is completed and directed John Esiape to return all assets of UNICOF in his possession by close of work on Tuesday. The document stated that “the Management Committee of UNICOF after a meeting has resolved to that until the work of an investigative panel is concluded, we are by this letter suspending you as the General Secretary with effect from 13th May, 2016.” 


U.S Dollar USDGHS 3.8 4.1
Pound Sterling GBPGHS 5.4 
5.7


Euro                                                                                                                      4.3              4.6                                                                                              
On how your stocks performed on the GSE Index, 

Standard Chartered Bank recorded the biggest loss, dropping 25p to close at GHCC14.5

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