Banking

Ratings agency, Fitch is warning that the profitability of Ghanaian banks will weaken due to the Bank of Ghana’s (BoG) recent decision to link...

The Ghana cedi returned to its loss trajectory last week as it has depreciated by 9.65% to the dollar on the retail market since...

Total turnover on the bond market retreated by 52.94% week-on-week to GH¢336.90 million last week.The decrease in activity partly came on the back of...

It is the most spectacular trial ever held in Vietnam, befitting one of the greatest bank frauds the world has ever seen.Behind the stately...

From central banks to Costco customers, it seems everyone is buying gold these days.The price of spot gold reached $2,364 per ounce Tuesday, after hitting record highs for...

The Bank of Ghana (BoG) says it intends to hand over the Gold for Oil programme to a commercial bank to operate.This, according to...

The Bank of Ghana’s decision to set higher cash reserve requirements for commercial banks could impact negatively on credit to the private sector, a...

Interest rates continued a downward trend for the 14th consecutive week in 2024 in line with the disinflation process.Nonetheless, the government failed to...

The Bank of Ghana (BoG) has cautioned banks to comply with its monthly report on fraud cases.This is to aid the regulator in consolidating...

The Bank of Ghana (BoG) has appointed Dr. Joseph O. France as an Advisor to Universal Merchant Bank LTD (UMB).The appointment which took...

Protestors who were seeking audience with the Finance Ministry for the release of their locked-up funds but denied access have expressed their disappointment. ...

The $300 million World Bank facility to support some projects in 2024 has finally hit the Bank of Ghana’s (BoG) account.This was after Ghana...

Banks' appetite for treasury bills in favour of lending is expected to drop following the increase in the Cash Reserve Ratio (CRR) of banks.The...

The Locked-up Investment Holders Forum will today March 27, 2024, embark on a protest against the Bank of Ghana (BoG).Their action is to impress...

GCB Bank offered the cheapest loans to household consumers, the latest Annualized Percentage Rates by the Bank of Ghana has revealed.It offered a rate...

Ethiopia's biggest commercial bank is scrambling to recoup large sums of money withdrawn by customers after a "systems glitch".The customers discovered early on Saturday...

Ethiopia's biggest commercial bank is scrambling to recoup large sums of money withdrawn by customers after a "systems glitch".The customers discovered early on...

Ghana is close to signing a Memorandum of Understanding (MoU) with bilateral creditors as part of the restructuring of debts owed to these lenders....

The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has pledged to establish a $50 million fund to strengthen Ghana’s rapidly growing...

The Ghana Association of Banks has notified customers of all banks the nationwide internet breakdown has interrupted service delivery.A statement signed by...

The Minority in Parliament has accused the Bank of Ghana (BoG) management of illegal activities related to the write-off of around GH¢48 billion in...

The share of banks investments comprising bills, securities, and equity in total assets increased to 36.4% in 2023 from 32.0% in 2022, according to...

The Bank of Ghana(BoG) has suspended the Foreign Exchange Trading Licenses of Guaranty Trust Bank Ghana Limited (GTB) and FBN Bank Ghana Limited (FBN),...

The Bank of Ghana (BoG) has effective today, March 1, 2024, revised the balance and transaction limits of customers’ mobile money wallets upward. ...

The Development Bank Ghana (DBG) has emphasised its commitment to supporting the growth and development of women entrepreneurs in the country.The bank’s deputy...

The Bank of Ghana (BoG) has revised the balance and transaction limits of customers' mobile money wallets upward, effective March 1, 2024.A statement...

The Government has plans to set up a FinTech Innovation Fund to support Start-ups to drive Ghana's digital revolution.Vice President Mahamudu Bawumia announced this...

RightCard Payment Services Limited trading as LemFi, has received approval from the Bank of Ghana to partner Nsano Limited to deliver money transfer services...

The outgoing Chief Executive of the MTN Ghana, Selorm Adadevoh, has insisted that the company does not have any immediate plan of establishing a...

The total value of secured loans granted and registered by banks and Specialised Deposit-Taking Institutions (SDIs) in the 4th quarter of 2023 was GH¢5.9 billion.This...

GBC Bank PLC (GCB) has appointed Daniel Kwaku Tweneboah Asirifi as the new board chairman.Asirifi’s assumption of office as board chairman of the bank...

Former President John Mahama has sympathised with the family of the late Chief Executive Officer(CEO) of Access Bank, Dr Herbert Wigwe.Dr Wigwe was...

The ad-hoc committee set up by the Speaker of Parliament to probe the non-payment of customers of the defunct Gold Coast Fund is set...

Access Bank has confirmed the death of its Group Chief Executive Officer, Dr. Herbert Wigwe.Mr. Wigwe, was killed in a helicopter crash in the...

The Vice President of Ghana, Dr Mahumudu Bawumia has expressed readiness to establish a credit card system if elected as President in the December...

The Bank of Ghana has received praise for enhancing the accessibility of economic data via its recently launched Database Portal.On Monday, February 5, 2024,...

The Bank of Ghana will tomorrow February 6, 2024, meet officials of the Ghana Revenue Authority and stakeholders within the financial sector to address...

A court order has been granted to the Agricultural Development Bank (ADB) and five other banks, namely Cal Bank, Bank of Africa, GCB, Universal...

The second tranche of International Monetary Fund (IMF cash has hit the Bank of Ghana’s (BoG) account on Tuesday, January 23, 2024.The IMF...

Former Convener of Individual Bondholders Forum, Senyo Hosi, has taken a swipe at the Ghana Cocoa Board (COCOBOD) and the government over the non-payment...