Business Articles
Fix The Cedi And Don’t “Worry” About The Launch Of Freedom Coin – Freedom Jacob Caesar To BoG
“Good morning Ghana our cedi is depreciating almost 8 cedis to a dollar. I think the Bank of Ghana has more to worry about than a Freedom coin that’s not even launched. 🤩”
His comments come after the BoG released a statement on Wednesday, March 9 about the yet-to-be-launched digital currency.
In the press release signed by the Central Bank’s Secretary, Sandra Thompson, explicitly cautioned Ghanaians to avoid dealing with the cryptocurrency, as it has not been approved to operate in Ghana’s financial system.
“It has come to the attention of Bank of Ghana that there is an impending launch of a cryptocurrency named “Freedom Coin”. The public is hereby cautioned that neither this cryptocurrency nor the promoting company has approval from Bank of Ghana to operate in the banking and payment sector,’” sections of the notice read.
In furtherance, BoG repeated in the statement that it has not approved the use of any cryptocurrencies in the country, and individuals trade in them at their peril.
“Cryptocurrencies such as Bitcoin are not regulated under any laws in Ghana, and are therefore not backed by any guarantees or safeguards.”
“The general public” is therefore admonished “to exercise caution in respect of cryptocurrency transactions.”
According to Apex Bank, this directive is in agreement with notice NO.BG/GOV/SEC/2018/02, which is issued on 22nd January 2018. The notice can be found on the Bank’s website.
To conclude, the bank directed “all licensed institutions including banks, specialized deposit-taking institutions, dedicated electronic money issuers and payment service providers to refrain from facilitating cryptocurrency transactions via their platforms or agent outlets.”
Bank of Ghana’s Statement
Freedom Jacob Caesar is also an industrialist, philanthropist, and magnate in Ghana’s real estate. His Kwarleyz Group is the parent company for numerous brands such as, Belfast City & Property management, Petronia City Construction, and Wonda World Estates.
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Source : GhArticles.com
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Lemonade Finance is a cross-border payment solution that enables Africans in the Diaspora to send money to Ghana and other African countries. The App is available on the iOS and Google Play Store.
On October 14th, 2022, Lemonade Finance announced seasoned media personality and serial entrepreneur Deloris Frimpong Manso “Delay” as a brand ambassador, alongside John Dumelo and Ras Nene “Dr Likee”.
In “Wo si woyε musician?”, an upcoming act misses his chance to impress Delay with his singing.
What happens next?
Find out when you watch the video here:
“To us, what the Delay brand brings is trust and discipline” says Precious Ama Kwartemaa Oduro, the Ghana country manager for Lemonade Finance.
“Her wit in this ad captures what audiences, young and old have come to expect from the interview style of Obaa Afia Delay. The Yaa Asantewaa of the media industry”.
You can download Lemonade Finance by following: Customers who use the code DELAY during signup will get a $10, £10 or C$10 cashback when they send over 100 Dollars, Pounds or Canadian Dollars to someone in Ghana or any of our other supported African countries.
Find out more about the possibilities of Lemonade Finance on this dedicated page for Ghana.
About Lemonade Finance
Lemonade Finance was founded on a simple goal, to make it easy for Africans to send and receive money from home easily.
With Lemonade Finance, Ghanaians in the UK, USA and Canada can send money to mobile money and bank accounts, at the best rates, instantly and at zero fees.
The Lemonade Finance app is used by thousands of Africans in the United States, Canada and the UK to send money back home to Ghana, Kenya, Nigeria and seven other African countries.
The Official Lemonade Finance channels are:
Instagram: @lemonade.finance, @lemonadefinance.gh
Twitter: @LemonadeFinance, @LemonadeFinGH
Facebook: @lemonade.finance, @lemonade.finance.gh
LinkedIn: lemonade-finance
YouTube: LemonadeFinance
Lemonade Finance presents Dr Likee in “Wo bεka nukrε”
Lemonade Finance is a cross-border payment solution that enables Africans in the Diaspora to send money to Ghana and other African countries. The App is available on the iOS and Google Play Store.
On October 14th, 2022, Lemonade Finance announced prolific actor and comedian, Dr Likee as a brand ambassador, alongside Deloris Frimpong Manso and John Dumelo. Now, Lemonade Finance is delighted to present the one and only ‘Ras Nene’ in “Wo bεka nukrε”. A first in a series of ads from the company.
Dr Likee stays in his usual character of spreading joy and laughter to his audience. Here, he brings his sharp wit and carefree character to a Chop Bar, hoping to eat and impress his long-time crush, Naomi. Spoiler alert! Thanks to Lemonade Finance, his Borga comes through. You can watch the ad here:
Dolapo Omotoso, Online Community Manager for Lemonade Finance, who has quickly become Dr Likee’s biggest fan in-house had this to say about the ad and about working with his team.
“The way Dr Likee and his team have taken to bringing our vision to life, in their own unique way has been exciting to watch, he really is a fan favourite. ”
You can download Lemonade Finance by following Customers who use the code DRLIKEE during signup will get a $10, £10 or C$10 cashback when they send over 100 Dollars, Pounds or Canadian Dollars to someone in Ghana or any our other supported African countries.
In addition to this series of ads, the Lemonade Finance website now has a new look, improved functionality, more information and a dedicated page for Ghana.
About Lemonade Finance
Lemonade Finance was founded on a simple goal, to make it easy for Africans to send and receive money from home easily.
With Lemonade Finance, Ghanaians in the UK, USA and Canada can send money to mobile money and bank accounts, at the best rates, instantly and at zero fees.
The Lemonade Finance app is used by thousands of Africans in the United States, Canada and the UK to send money back home to Ghana, Kenya, Nigeria and seven other African countries.
The Official Lemonade Finance channels are:
Instagram: @lemonade.finance, @lemonade.finance.gh
Twitter: @LemonadeFinance, @LemonadeFinGH
Facebook: @lemonade.finance, @lemonade.finance.gh
LinkedIn: lemonade-finance
YouTube: LemonadeFinance
The Ghana Revenue Authority (GRA) has indicated that workers who receive their salaries through mobile money platforms will have E-Levy charges on them.
According to a Principal Revenue Officer and Head of the Project Management Unit at GRA, Isaac Kobina Amoako, workers should brace themselves for this, starting May 2022.
“… salaries are paid from their bank accounts onto mobile money platforms, the 1.50% fee will be deducted into the government coffers.”
The incident of the E-Levy charges on salaries paid via MoMo will be on the employer and not the employee.
He stated that this is because a portion of their money is expected to be affected by the recently passed E-Levy.
Mr. Amoako explained that the controversial E-Levy is structured so that tax is factored into all revenue mobilisation streams.
In an interview with Joy News, the GRA official added that the Authority is ready to implement the E-Levy from May 1.
The official further explained that the current framework created by the law as it stands does not distinguish a corporate mobile money account and an individual mobile money account.
“For the banks, the disbursements from corporate accounts were not mentioned so it is clear that one is exempt. But in the MoMo, there was no distinction between the corporate MoMo account and the individual MoMo account,” he told JoyNews.
He also revealed that this will also affect loan disbursement among other banking transactions.
He concluded by saying E-Levy will not be charged on salaries paid through the traditional way, i.e banks.
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Source: GhArticles.com
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