Speaker constitutes 9-member committee to probe uniBank, UT Bank collapse
Parliament has set up a nine-member committee to probe circumstances that led to the collapse of UT bank and uniBank after a petition presented...
Kejetia traders protest high electricity bills
Traders at the new Kejetia market have given managers of the facility a two-week ultimatum to address challenges with their electricity bills.The over seven...
7-member Parliamentary committee to probe collapse of UT Bank, uniBank
The Speaker of Parliament, Alban Bagbin, has directed the formation of a seven-member committee to probe the collapse of UT Bank and uniBank.Two majority...
Kwabena Duffuor, Kofi Amoabeng petition Parliament
A former Finance Minister, Dr Kwabena Duffuor and former Chief Executive Officer of UT Bank, Kofi Amoabeng have petitioned Parliament over the Bank of...
Kuami Eugene lacks communication skills – Kidi [Video]
Musician KiDi has revealed that his label mate Kuami Eugene sometimes does not know how to communicate with people around him.The ‘Say Cheese’ hitmaker...
Akufo-Addo reveals difficult problem in first term
President Akufo-Addo has described the banking sector crisis as one of the difficult problems his government encountered in his first term.According to him, many...
GCB warns customers against fake reward scheme
GCB bank has warned customers against an ongoing fraudulent reward scheme in its name.The bank explains there are viral reports on social media in...
GT Bank commissions ICT centre at Ayi Mensah Basic School [Photos]
Guaranty Trust Bank Ghana Limited (GT Bank) has commissioned and handed over a fully furnished state-of-the-art computer laboratory to the Ayi Mensah Basic School...
Registrar-General begins payment of bailout funds of first batch of investors
The Official Liquidator of Fund Management Companies, the Registrar-General has started paying off the bailout funds of the first batch of investors.This comes after...
Ghana’s Embassy in Belgium ordered by ING Bank to withdraw all its funds and close accounts
Ghana’s Embassy in Belgium capital, Brussels, has been ordered by its banker to withdraw all its money so that the bank will proceed to...
Govt to borrow GH¢22.7bn within next 3 months – Finance Ministry
The government will borrow GH¢22.7 billion within the next three months, beginning this month.According to the Bank of Ghana's issuance calendar, GH¢19 billion...
Agyapa Royalties deal increases risks of Anti-Money Laundering blacklisting by EU – Seth Terkper
Former Finance Minister, Seth Emmanuel Terkper, has warned the government of the elevated risks the registration and establishment of its Special Purpose Vehicle Agyapa...
Banks lose GH¢ 102 million in profits for 2020
The Ghana Association of Bankers has estimated that about GH¢102 million has been forfeited by commercial banks in the country through various measures they...
I have paid all depositors of defunct banks – Akufo-Addo
President Nana Akufo-Addo says the government has paid all depositors of collapsed banks.According to the president, no single depositor has been left out...
Samini lands juicy ambassadorial deal with FBN bank Ghana
Dancehall musician, Samini has inked a deal with FBN Bank Ghana Limited, a subsidiary of First Bank of Nigeria in Ghana.The musician took to social...
GCB Bank announces huge profit at 26th Annual General Meeting
GCB Bank recorded significant growth in profit before tax of ¢573.67 million from ¢450.17 million in 2018.This is a growth in profit by 27.4...
Ex-Staff writes: Was the collapse of the banking sector pre-meditated murder based on a self-fulfilling prophecy?
I have been thinking of why some banks, savings and loans companies and finance houses were shut down in 'Rambo style' and the only...
‘Pussy Cat’, others on the run after hacking and stealing GH¢46 million from bank
A man identified by law enforcement agencies as Pussy Cat and another identified as Boateng Mends are on the run after allegedly aiding one...
Sinapi Aba Savings and Loans makes donation to clients
Sinapi Aba Savings and Loans (SASL) Ghana, has provided for its clients some 5,000 face masks and 5,000 hand sanitizers to help combat the...
Seth Terkper’s view: BoG reversing its stance on budget deficit financing
IntroductionDuring the decade-long Global Financial and other crisis from 2008, BOG did not apply any of its fiscal powers under the Act 612. On...
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...