Buzz
Menzgold Sues Bank of Ghana and SEC
MenzGold Ghana[/caption] Menzgold Ghana Limited has sued the Bank of Ghana and the Securities and Exchange Commission at the Commercial Division of the High Court for alleged illegal decisions and notices that the gold dealing firm says have harmed its business. Menzgold is asking the court to make some declarations bordering on the nature of its business, as well as restrain the two regulatory bodies from further ‘baseless’ acts and to award exemplary damages against them. Among the specific reliefs sought by Menzgold are; a. A Declaration that the Plaintiff’s business does not fall within the present legislated scope of the Banks and Specialized Deposit – Taking Institutions Act 2016 (Act 930). b. A Declaration that Plaintiff’s business activities does not fall within the present legislated scope of the Security Industry Act, 2016 (Act 929); c. A Declaration that the 1st Defendant’s Notices No. BG/GOV/SEC/2018/12 and BG/GOV/SEC/2017/24 dated 6th August 2018 and 28th November, 2017 respectively have hurt the business reputation of the Plaintiff; d. A Declaration that the 2nd Defendant’s Notice No. SEC/PN/002/09/2017 dated 22nd September 2017 has harmed the business reputation of the Plaintiff; and e. A Declaration that the 1st Defendant’s Notices No. BG/GOV/SEC/2018/12 and BG/GOV/SEC/2017/24 dated 6th August 2018 and 28th November, 2017 respectively are an abuse of the Defendant’s discretionary powers contrary to Article 23 and Article 296 of the 1992 Constitution. The rest of the reliefs are for; f. A Declaration that the 2nd Defendant’s Notice No. SEC/ PN/002/09/2017 dated 22nd September 2017 is an abuse of the Defendant’s discretionary powers contrary to Article 23 and Article 296 of the 1992 Constitution; g. A Declaration that the directives contained in the letter of 7th September 2018 was an abuse of the 2nd Defendant’s discretion as same was arbitrary, capricious and contrary to Article 23 and Article 296 of the 1992 Constitution; h. An order setting aside the directives contained in the 2nd Defendant’s letter dated 7th September 2018; i. An order of the Court directed at the lst and 2nd Defendants to publish an unqualified retraction and an apology with the same prominence with respect to the Notices dated 6th August 2018 and 22nd September 2017 respectively; j. An order of Perpetual Injunction to restrain the 1st and 2nd Defendants, its officers, servants and agents from interfering with the Plaintiff’s business activities or further acts of disobedience and non-compliance with law by publishing any such derogatory Notices; k. Exemplary and Aggravated Damages for the harm caused to the Plaintiff’s business reputation; l. An order specifying a time limit within which the judgment of this Court should be complied with; m. General Damages; and n. Cost inclusive of the Plaintiff’s Legal Fees. Source: www.graphic.com.gh]]>
Buzz
Afronita’s mum was against me managing Endurance Grand alongside her daughter – Quables
Quables, the co-founder of DWP Academy, recently addressed the departure of Afronita, a core member of the dance academy, during an interview with Kwadwo Sheldon. (more…)
Buzz
let’s be thankful for the Peace we’re enjoying; war can devastate a nation – ACP Kofi Sarpong to Ghanaians
Renowned Ghanaian Gospel singer, ACP Kofi Sarpong has urged Ghanaians to maintain the peace they are currently enjoying, stressing the detrimental effects of war on a nation’s economy and societal fabric. (more…)
Buzz
Train crash: Truck driver receives 6-month Jail sentence
The Juapong Circuit Court has sentenced Abel Dzidotor, a 41-year-old truck driver, to six months in jail after he admitted guilt to three charges. (more…)
Buzz
Kofi Kinaata Declares No Interest in Rap Beef; Focuses on Setting Positive Example
Multiple award-winning Highlife singer and songwriter, Martin King Arthur, otherwise known as Kofi Kinaata has firmly stated his disinterest in participating in any form of lyrical confrontation with fellow musicians, commonly referred to as rap beef. (more…)
Buzz
Musical Unity: Rocky Dawuni Encourages Artistes to Work Together, Not Against Each Other
Ghanaian Reggae luminary, Rocky Dawuni has called on fellow musicians to steer clear of conflict and rivalry within the industry. (more…)
- Buzz2 days ago
My wife sent her nudes to her Dubai lover while I was on my sick bed – Erico speaks on divorce
- Buzz1 week ago
Nigerian dancer Korra Obidi attacked with Knife and acid during live stream
- Buzz2 days ago
Stonebwoy performs ‘Activate’ with Davido at sold-out Madison Square Garden show
- Buzz1 week ago
Ghana’s entertainment industry mourns death of DJ Isaac Cool
- Buzz17 hours ago
Afronita’s mum was against me managing Endurance Grand alongside her daughter – Quables
- Buzz1 week ago
Medikal confirms separation from Fella Makafui; offers to perform at her future wedding
- Buzz1 week ago
Stonebwoy inks new deal with Warner Music’s ADA Worldwide
- Buzz1 week ago
Selly Galley suffered five miscarriages – Praye Tietia reveals
- Buzz3 days ago
Family of accident victims refuses to press charges against Funny Face despite pressure
- Buzz1 week ago
Jerry Amilo apologises for posting Junior Pope’s corpse
- Buzz2 days ago
Ghana’s New Train from Poland Crashes During Test Run
- Buzz1 week ago
We need ‘utmost privacy’ – Family of the late Mawuena Adzo Trebarh Requests