BUSINESS

BoG will shut down authorized forex bureaus soon

Published

1 year ago

August 22, 2022

Lionel

BoG will shut down authorized forex bureaus soon

According to the Bank of Ghana, authorized foreign exchange offices that are not abiding by the law will soon be shut down.

After conducting various field exercises to assess the level of compliance with some agencies in the city, Central Bank officials said.

There is a perception that certain operators’ actions have aided in currency market speculation, which has a negative impact on the stability of the cedi.

Dr. Joseph France, the Central Bank’s head of financial stability, stated that his organization will not hesitate to halt the operations of any currency bureaus proved to be at fault and engaged in illegal activity.

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He also said that the Central Bank has started looking into complaints about certain forex bureaus that aren’t following the rules governing foreign exchange.

Additionally, he said that some foreign exchange bureaus set forward rates incorrectly and fail to give receipts.

“We’ve started looking into a few complaints. According to what we’ve heard, some companies don’t send out receipts, and others are also setting forward rates, which is awful. We’ll make sure they all succeed commercially.

“We will close their bureaus to act as a deterrence to others when we are done with the investigations and it justifies it,” he said.

This, according to the Bank of Ghana, is one of the steps being taken to slow the fast depreciation of the cedi.

Therefore, it urged all authorized foreign exchange bureaus in the nation to act in accordance with the applicable legislation.

It expressed confidence in its ability to restore some normalcy to the nation’s FX market.

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Lionel

God is my Sheperd, and I shall not want

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Related Topics:Bank Of Ghana forex Bureaus

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BUSINESS

Jucad Pharmacy Introduces Kidics Syrups To Boost Babies Appetite To Help Them Grow Well And Healthy

Published

6 months ago

April 2, 2023

Lionel

Jucad Pharmacy is one of the trusted registered pharmaceutical companies we have in motherland Ghana, fully registered under the company code 1963 (Act 179) and approved by the Food and Drug Administration (FDA).

Jucad Pharmacy is here again with another quality, affordable, and result-providing pharmaceutical product dubbed ‘Kidics Syrup’.

Kidics contains vitamins B and lysine to boost your child’s appetite, as well as other multivitamins and minerals that will boost your child’s growth and immune system. Babies between the ages of 6 months and 12 years who can’t eat well need Kidics Syrup.

For customers in Kumasi, kindly go to Danny Pharma and Osons Chemist; in Accra, distributors should get in touch with Darose Pharmacy, Base Line Pharmacy, & Blepomen Pharmacy. TAKWA: Kekule pharmacy, etc.

KIDICS SYRUP ALSO CONTAINS:
Each 5ml.(One teaspoonful) contains:
Vitamins A palmitate B.P. 1500 IU
Vitamin D3 B.P. 100IU
Vitamin E( Acetate) B.P. 3mg
Vitamin B1 B.P. 1.5mg
Vitamin B2 B.P. 1.5mg
Vitamin B6. B.P. 1mg
Vitamin B12 B.P. 1.5mcg.
Niacinamide B.P. 5mg
Vitamin C B.P. 30mg
D-Panthenol B.P. 2.5mg
L-Lysine Hydrochloride. U S.P. 40mg
Ferrous Gluconate B.P. 60mg
eq. to elemental Zinc 5mg.
Magnesium Gluconate U.S.P. 185.41 mg.
eq.to elemental Magnesium 10mg.
Flavored syrupy bas. q.s.
Overages of vitamins added to compensate loss on storage.
Dosage: As directed by the physician
Storage: Store in a cool,dry place
Protect from light.
Keep all medicines out of reach of children.

SHAKE WELL BEFORE USE.

About Author

Lionel

God is my Sheperd, and I shall not want

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BUSINESS

Glitz Galleria Launches Maiden Edition Of “Entrepreneurship Made Easy” Successfully

Published

8 months ago

January 13, 2023

Lionel

Glitz Galleria a beauty brand which offers services in makeup, hair and nails but has a vision to be a brand that impacts beyond beauty has set its light on startups and young entrepreneurs. The summit “Enterprenuership Made Easy” is a program that seeks to inspire, motivate and encourage every aspiring /rising entrepreneur to take that bold step to achieving his/her dreams. It also seeks to create a network where there’ll be opportunities for the startups to excel in what they do.

The maiden edition of “entrepreneurship made easy” took place on the 7th November,2022 at the UDS guesthouse, it was well attended with entrepreneurs from different fields ( trades and services), young and old, people traveled as far as Kumasi to attend. It was a very insightful, inspiring session as speakers spoke on the theme “ dare to dream,dare to achieve “ and share their success stories as well.

The event hosted by Albertha Bossman felt the honorable presence of special guest speakers such as Media Personality; Maxbel Coleman of Kantanka TV, Maxbel modeling agency, Fashion Fusion Ghana , Madam Afua Asantewaa Aduonum; CEO of Askof Productions, Dr Charity Twumasi Ankrah; CEO of Chartma Herbal Center.