COVID-19 and cedi depreciation to push debt stock to 76.8% of GDP – Seth Terkper
Former Finance Minister, Seth Terkper, has revealed that the nation’s debt stock to Gross Domestic Product (GDP) could go as high as 76.8 per...
Seth Terkper’s point of view: Is deficit financing back?
IS DEFICIT FINANCING BACK: BOG 2020 BUDGET DEFICIT SUPPORT AT 53%?Seth E. TerkperIntroductionIt seems the Bank of Ghana (BOG) May 2020 Monetary Policy Committee...
Seth Terkper writes: Public debt higher than BoG’s 59.3% of GDP
PUBLIC DEBT HIGHER THAN BOG’s 59.3 PERCENT: CAN’T DEFY GRAVITY WITHOUT BOGIntroductionThe Bank of Ghana (BOG) Monetary Policy Committee (MPC) Report for May 2020...
Bankers Association appoints John Awuah as deputy CEO
The Ghana Association of Bankers has appointed the former Chief Executive Officer (CEO) of the Universal Merchant Bank, John Awuah as the Deputy Chief Executive...
Cedi falls by 1.18% to dollar, trades at GHS 5.93
The Ghana cedi has returned to the depreciation trajectory despite a strong performance in the first three-and-a-half months of this year.As of 6 May...
Access Bank protects employees; rejects decision to lay off employees despite declining profit margins
Access Bank Plc, in an effort to avoid job losses of staff members, has decided to cut salaries of its employees.The potential loss of...
Good news for SMEs as access to Govt’s GHS 600 million soft loan begins in May
Micro, Small and Medium Scale Enterprises (MSMEs), according to the National Board for Small Scale Industries (NBSSI)Â will, from May this year, have access to...
COVID-19: Criteria for SMEs to access govt’s GH¢ 600 million soft loan
The criteria for Small and Medium Scale Enterprises (SMEs) in the country to access government’s GHc 600 million soft loan has been outlined by...
COVID-19: Govt promises GHc 600 million soft loans for SMEs with one year debt moratorium
President of the Republic, Nana Addo Dankwa Akufo-Addo, has announced some GH¢ 600 million soft loan support for all micro, small and medium scale...
GCB Bank reacts to death of customer in banking hall
GCB Bank has reacted to an allegation brought against it over the death of a client at the Boundary Road branch of the bank....
COVID-19: BoG advises public against panic withdrawals
Bank of Ghana (BoG) has advised Ghanaians to refrain from panic withdrawals from the various financial institutions due to the impending restrictions to be...
UBA announces $14m for coronavirus relief support across Africa
United Bank for Africa Plc (UBA) today announced a donation of over $14 million through the UBA Foundation, to catalyse a comprehensive pan-African response...
BoG threatens to sanction banks that defy ‘COVID-19 liquidity policies’
The Bank of Ghana (BoG) has indicated that it would not hesitate to sanction banks that fail to comply with rules governing the recent...
Coronavirus: BoG projects 4.3% decline in GDP growth over Coronavirus
An assessment of the adverse economic impact of the novel coronavirus on the Ghanaian economy has been made by Bank of Ghana (BoG).The...
Female employees of FBN Bank Ghana urged to nurture healthy relationships
Female employees of the First Bank of Nigeria (FBN Bank) have been entreated to nurture healthy relationships to enhance their overall development as women....
Collapse of Menzgold, others cause of economic hardship – IEA
The collapse of MenzGold & DKM Savings and Loans has
been cited as a major cause of economic hardships in the country today.Speaking...
uniBank saga: AG makes case against Duffuor, Asiama, others
Attorney-General Gloria Akuffo has presented in court her case against Dr Kwabena Duffuor and eight others over the collapse of uniBank.Read details of document...
GT Bank renovates ICT centre at Anumle Cluster of Schools
The Guaranty Trust Bank Ghana Limited, on Friday commissioned a state of the art refurbished Information Technology Centre (ICT) at the Anumle Cluster of...
Defunct savings and loans customers push for creation of ‘Consolidated Savings and Loans Company’
Customers of defunct savings and loans and finance house companies have called on government to set up a Consolidated Savings and Loans Company or...
We’ve started prosecuting those responsible for banking crisis – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo, has said his government has begun prosecuting individuals believed to be responsible for the banking crisis. “We have begun prosecuting...
Defunct UT Banks CEO Kofi Amoabeng arrested
Founder of the now-defunct UT Bank, Prince Kofi Amoabeng, has been arrested, adomonline.com can confirm.He was arrested on the morning of Tuesday, January 14,...
Ghana Cedi Depreciation: Importer fingers banks; here is why
The
Executive Secretary to the Importers and Exporters Association of Ghana,
believes the Central Bank of Ghana is gradually losing control over the
activities of illegal forex...
Watch: Features of new GH¢200, GH¢100 notes and GH¢2 coins
The Central Bank has added GH¢100 and GH¢200 notes and GH¢2 coins to the country’s currency denomination.The new notes go into circulation Friday after...
How Ghanaians are reacting to BoG’s new GH₵ 2 coin, 100, 200 Cedi notes
Following the release of GH₵ 2 coin, 100 and 200 Cedi notes into the circulation by the Bank of Ghana, a number of...
BoG goes after compensation package policies of Bank CEOs
The Central Bank has directed banks in the country to publish Value Added Statements disclosing details of compensation package policies of Chief Executive Officers...
Salary publication of bank CEOs to fight cronyism – Economist says
Dr Lord Mensah, a senior lecturer at the Department of Finance of the University of Ghana, has commended the Bank of Ghana’s decision to...
BoG maintains policy rate for fifth time in row
Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) for the fifth time, since January this year kept the lending rate to commercial...
Ghana’s economy has seen a miraculous turn-around – Ken Ofori-Atta
Finance Minister, Ken Ofori-Atta says Ghana’s economy has been fixed after the government inherited a very bad economy from the erstwhile John Dramani Mahama...
Infographics: Highlights of 2020 budget statement
The Finance Minister, Ken Ofori-Atta has presented before Parliament the 2020 budget statement and economic policies set to drive Ghana's economy in the coming...
Finance Minister presents 2020 budget
Finance Minister, Ken Ofori-Atta, is scheduled to present the Akufo-Addo government’s fourth Budget and Economic Policy in Parliament.Wednesday’s presentation, according to the Finance Ministry, will...
Audio: Distraught customer shares frustration after SEC’s closure of investment companies
A distraught customer of First Banc Financial Services at the Airport residential area in Accra has shared his frustrations after the closure of 53...
Monetary Policy Committee to hold crucial meeting Nov. 20
The Monetary Policy Committee (MPC) of the Bank of Ghana is set to hold its 91st regular meeting from Wednesday, November 20, 2019 at...
Secret for closure of Nigeria border exposed!
Member of Parliament (MP) for Odododiodoo constituency, Nii Lante Vanderpuye, says he feels the closure of the Nigerian border to other Africans including Ghana...
Corporate Income Taxes stifling rural banks’ support for communities
The decision by the government to up Corporate Income Taxes imposed on Rural and Community Banks (RCBs) from eight (8) to 25% is stifling...
BoG to improve cedi stability with $125 million injection
The Bank of Ghana has planned to inject $125 million into the Ghanaian economy in the last quarter of the year to shore up...
Electricity tariff up by 5.94%, water 2.22%
The Public Utilities Regulatory Commission (PURC) has announced an upward adjustment of electricity and water tariffs.Electricity is up by 5.94%, while water is up...
Just in: Auctioneers move to sell NPP chairman’s assets on court order but NIB insiders attempt to block move [Photos]
Reliable information available to adomonline.com indicates that auctioneers
have moved in to execute a court order against Allship Logistics Limited
through the auctioning of the company’s...
Banking crisis: Submission date of ‘proof of debt forms’ extended for customers
The Receiver of
collapsed financial institutions, Eric Nana Nipah, has extended the deadline
for the submission of ‘Proof of Debt forms’ to Friday, September 27, 2019.The...
BoG pegs mobile money minimum requirement at GH¢20 million
The Bank of
Ghana (BoG) has pegged the minimum capital requirement for the operation of a
mobile money company at GH¢20 million.A statement signed by the...
Techiman hosts Bono East regional town hall meeting today
Government is scheduled to hold a town hall meeting on Monday, September 9, 2019, at Techiman in the Bono East Region to address issues...