Accra (Greater Accra) 24 December 2001 - The Police Criminal Investigations Department (CID) on Friday warned the public to be wary of organisations and individuals involved in money transfers within and outside the country.
This is because most of these organisations were not licensed and properly regulated by the Bank of Ghana and could in effect defraud members of the public.
A statement signed by Mr Patrick Kwesi Acheampong, Director of the CID, in Accra said: "Any person dealing with them is embarking on highly risky venture."
He said in order to protect the public the Police CID on Friday invited a number of firms including 'Family Spirit Company' and 'Homeservers' to begin investigations into their transactions.
Meanwhile the Bank of Ghana had at the moment, authorised the following companies to operate cash transfers. They are: PVI Finance Company, Telecash Financial Services, Express Funds International Limited, Trans-Continental Financial Services and 1st African Financial Services Limited.
The statement however indicated that traditional commercial banks operations in money transfers in varied and extensive forms were not affected by this police alert information.
GRi.../
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Sefwi Yawmatwa (Western Region) 24 December 2001 - This year's National Best Farmer, Nana Matthew Bonsu, has appealed to banks to reduce interest rates on loans to farmers and fishermen to generate more interest in agriculture for increased food production.
He said farmers and fishermen did not enjoy subsidies from the government and prices of agricultural and fishing inputs were too high.
Nana Bonsu, who is also the chief of Sefwi Yawmatwa, was interacting with newsmen on his farm spanning more than 100 hectares at Sefwi Yawmatwe on Saturday.
He said the lack of good roads from Sefwi Wiawso to Sefwi Yawmatwa in the
Juabeso-Bia District was hampering the transportation of foodstuffs, and other farm produce to the urban centres.
The National Best Farmer urged the government to speed up action on the improvement of the roads and communication network to link the area with the rest of the country.
GRi.../
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