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B.O.G approves the merger of Sahel Sahara and Omni banks

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Source: Graphic Business           The Bank of Ghana has approved the proposal by Sahel Sahara and Omni Bank to consolidate their operations into one entity to help meet the new minimum capital requirement of GHS400 million. The approval was communicated to the two banks on August 14, paving the way for the board and management of Sahel Sahara Bank and Omni Bank to announce their merger deal later this month. Sources say the boards of the two banks had been locked in meetings to finalise the plan and allow for actual integration of their respective operations to start. While Omni Bank is owned by Dr Joseph Siaw Agyepong and his wife, Sahel Bank is owned by 13 Sahelian countries and has been operating in the country since March 2009. Sahel Sahara's merger with Omni follows its decision to exit an earlier merger deal with GN Bank and Premium Bank. Reason for merger The consolidation of the two banks is to create a stronger ban...
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Ghanaians should stand with Hon. Agyapong- Ghanaian based London urged.

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A Ghanaian based in London Mr. Ebenezer Adjei-Sarpong has called on Ghanaians to stand with the Member of Parliament of Assin Central, Hon. Kennedy Agyapong to condemn the sanction by the Washington administration.  According to him, it is sad and very unfortunate that this pre meditated act had to happen, he categorically condemns such wicked action, and that Ghanaians should help condemning the sanction. Background A Member of the US Congress, Henry Johnson Jr. wants the American government to place a travel ban on Ghanaian legislator, Kennedy Agyapong, for his possible role in the murder of undercover investigator, Ahmed Hussein-Suale. The Congressman in a letter to the Secretary of State, Mike Pompeo, also recommends a ban on access to the U.S. banking system by Mr. Agyapong, his businesses, and any other appropriate and applicable sanctions. According to Mr. Johnson, the “professional execution-style slaying of Mr. Hussein-Suale’s murder in the aftermath of Mr...
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Remember Slavery

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The idea of slavery or slave trade was not foreign to Africa before their contact with the Europeans.There is evidence that Africans were involved in the slave trade through the trans-Saharan and ocean slave trade . The trans-Atlantic  slave emerged as a result of the Portuguese contact with west African especially in Africa in the  15thcentury. Slavery was not an important component of the trans-Atlantic slave trade in the early 15th century. The main items of the slave between the Portuguese and west Africa were gold,beads,copperbars,clothes,cowries,spices etc.However,the discovery of the Americas by the Spaniards and the subsequent exploitation of Africa interms of mining and agriculture led to a special type of labour which could meet the labour needs of the Europeans. Due to the exploration and exploitation of the Americas its still stimulated the need for African slaves.The European Chose African slaves because of their prior experience of using Eas...
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