Banking

High court orders closure of Nsawam GCB branch

The Koforidua High Court on Thursday morning ordered for the closure of the Nsawam branch of GCB Bank due to its failure to release...

First Ghana Savings and Loans appeals for restoration of license

Staff of the First Ghana Savings and Loans (FGSL) Limited have appealed to government to restore the company’s license to enable it to serve its customers,...

Bawumia’s spokesperson justifies closure of GN Savings and Loans

Spokesperson of the Vice President, Dr Mahamudu Bawumia, Dr Gideon Boako, says the government does not owe GN Savings and Loans, contrary to the...

PPP guru suspects ‘dirty’ politics in closure of GN Savings and Loans

Director of Operations of the Progressive People’s Party (PPP), Nana Ofori Owusu, has said the closure of Groupe Nduom's GN Savings and Loans Limited...

Shocked Nduom reacts to shut down of GN Savings and Loans by BoG

The Chief Executive Officer (CEO) of Groupe Nduom, Dr Papa Kwesi Nduom, has described as "widely inaccurate" the Bank of Ghana's (BoG) statement...

PDS accounts frozen over anomalies in bank guarantee

The Financial Intelligence Centre (FIC) has frozen the bank accounts of Power Distribution Services (PDS) following the detection of anomalies in the bank guarantee...

GTBank, Ria partner Zeepay to launch MOMO transfer service

Guaranty Trust Bank and Ria Money Transfer have teamed up with Zeepay, a local financial technology company to launch a mobile money transfer service...

ECOBANK supports 16 medical students to study abroad

Ecobank Ghana and its partners have provided support for some 16 medical students to go study abroad as part of the banks annual Sponsored...

Audio: Car dealership company refunds cash to angry customers after failing to deliver

Customers of car dealing company, Eddu Motors Company Limited, based in Kasoa in the Central region will now heave a sigh of relief following...

Opportunity International Marks Staff Welfare Day With a Health Walk and Donation to Akropong School for the Blind

The Management and staff of Opportunity International Savings and Loans (OISL) drawn from various branches of the company, embarked on a 5-kilometer health walk...

National Service person remanded for defrauding GCB customers

A 29-year-old National Service person serving at the...

Town Hall meeting: Bawumia explains Cedi drop [Video]

Vice President of Ghana, Dr Mahamudu Bawumia, has...

Uber Country manager woos customers with juicy packages

As part of efforts to improve customer service,...

UT Bank could’ve survived if BoG had given us time – Kofi Amoabeng

The President of UT Holdings, Prince Kofi Amoabeng...

Nigeria and Ghana now among the leading crypto-markets globally for Paxful

While much of the recent crypto-related news headlines...

Old Mutual Limited gets new Ghana CEO

Tavona Biza has been appointed as the new...

Businessman sues BoG to stop warnings

A businessman, Daniel Darko, has filed a suit...

BoG officials in collapsed banks scandal in trouble

Finance Minister Ken Ofori-Atta has announced his government’s decision...

SSNIT taps into mobile money to receive contributions

The Social Security and National Trust (SSNIT) will...

Panic withdrawals could collapse economy – Paa Kwesi Nduom

In the wake of the crisis in the...

BoG injects more dollars into economy

The Bank of Ghana (BoG) has stepped up...

Panic withdrawals hit Menzgold

Scores of customers of gold trading company, Menzgold Ghana Limited, are trooping to the premises of the company to withdraw their investments.This has come...

Panic withdrawals hit Menzgold – AdomOnline.com

Scores of customers of gold trading company, Menzgold...

2,000 defunct bank staff to lose jobs – Deputy Employment minister

About 2,000 staff of the five defunct indigenous...

Akufo-Addo breaks silence on banking rot [AUDIO]

President Addo Dankwa Akufo-Addo has spoken for the...

Staff of Consolidated Bank asked to re-apply

Staff of Consolidated Bank Ghana (CBG) have been...

BoG makes major changes at top management level

The sources say, however, that the changes have...

Give me back my bank – Duffour sues BOG

Former Governor of the Bank of Ghana and major shareholder of the defunct uniBank Ghana Limited, Dr Kwabena Duffuor, has sued the central bank...

BoG approves merger of Sahel Sahara and Omni banks

The Bank of Ghana has approved the proposal by Sahel Sahara and Omni Bank to consolidate their operations into one entity to help meet...

AUDIO: Otabil’s statement on Capital Bank collapse needless – Banking expert

A banking consultant and finance expert, Dr Richmond...

ICAG to investigate auditors of collapsed banks

The Institute of Chartered Accountants, Ghana (ICAG) has begun an enquiry into the role of auditors in the collapse of seven banks within the last...

Revocation of local banks’ licences is in public interest – BoG

The Bank of Ghana (BoG) says the revocation of the licences of seven indigenous banks within a year was done in the overall best...

VIDEO: BOG Merger: People will soon save under their beds – NDC Man

Former Member of Parliament for Ablekuma Central, Theophilus Chaie Tetteh says the Central Bank is responsible for the collapse of financial institutions in the...

BOG’s merger: Job losses in the offing – Financial Consultant

A Financial Consultant, Ken Thompson, has predicted job...

BOG officials who issued fraudulent licenses to be dealt with – BOG

The Bank of Ghana says officials who issued fraudulent licenses to three of the banks which were merged by the Central Bank to operate...

The 5 CEOs/MDs behind the ‘collapsed’ banks

The Bank of Ghana on Wednesday, August 1,...