Akufo-Addo appoints Rosemary Beryl Archer as Deputy CEO of Ghana Exim Bank
President Nana Akufo-Addo has appointed Rosemary Beryl Archer as Deputy Chief Executive (CEO) of Ghana Exim Bank.The new Deputy Chief Executive in Charge...
GCB announces closure of three branches until further notice
The Ghana Commercial Bank (GCB) has announced the closure of its Dzorwulu, Tantra Hill and Takoradi harbour branches.Though reasons for the closure...
Santander: Bank hands out £130m in Christmas blunder
Tens of thousands of people awoke on Christmas morning to a surprise from an unexpected benefactor – Santander.The bank mistakenly deposited £130m into...
Togbe Afede XIV hits back at BoG over high interest rates
Togbe Afede XIV has described responses made by the Bank of Ghana (BoG) over his earlier submission on the Monetary Policy Rate as “misrepresentations...
Duffuor shares painful story of uniBank collapse
Founder of now-defunct uniBank, Dr Kwabena Duffuor, has opened up about his struggles with the collapse of his financial institution.According to him, it was...
Capital Bank case: Ato Essien suffers sleep disorder
The founder of the defunct Capital Bank, William Ato Essien, has been reported sick and has been diagnosed with 'Obstructive Sleep Disorder.'Mr Essien and...
Failing to pay regulators huge sums of money results in collapse of companies – Nduom
Founder of Group Nduom, Dr Papa Kwasi Nduom, has blamed governmental interference and a lack of support for local companies as what has accounted...
Kofi Amoabeng reveals why he has no regrets over UT Bank’s collapse
The Chief Executive Officer of defunct UT Bank, Prince Kofi Amoabeng, has revealed he has no regrets venturing into the banking sector.Despite the...
Capital Bank case: I’m a nation builder – Ato Essien
The founder of the defunct Capital Bank, William Ato Essien Thursday morning described himself as a nation builder whose work was the engine of growth for...
Restructured Agyapa Royalties Agreement to be submitted to Parliament
The government has disclosed its intention to submit a restructured Agyapa Royalties Agreement to Parliament for approval.Finance Minister, Ken Ofori-Atta, made this known when...
Elon Musk mocks Jeff Bezos as he extends lead as world’s richest man with $222 billion
Elon Musk has come through on his promise to send Jeff Bezos a silver medal now that the Tesla CEO has surpassed the Amazon founder to become...
Dormant accounts with NIB to be transferred to BoG
The National Investment Bank (NIB) has issued a notice of its intention to transfer a list of dormant customer accounts to the Bank of...
Sim-registration: NIA to establish 291 offices by November
The National Identification Authority (NIA) says it is establishing 291 offices across the country to help Ghanaians who have not registered for the Ghana...
CalBank receives two prestigious awards
CalBank Plc has picked two prestigious awards at the just-ended International Business Magazine Awards held in September 2021.The bank was recognised for Best...
China declares all crypto-currency transactions illegal
China's central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin."Virtual currency-related business activities are illegal...
One acquitted and discharged in Capital Bank collapse case
The Accra High Court has acquitted and discharged Kate Quartey-Papafio, the Managing Director of Reroy Cables Limited, who was on trial with three others...
African Development Bank advocates public finance reforms
The African Development Bank (ADB) on Friday, July 2, 2021, launched its Strategy for Economic Governance in Africa (SEGA).The strategy is aimed at fostering...
TikTok boss quits at age 38 after amassing $44bn fortune from controversial app
One of the billionaire brainboxes behind TikTok is stepping down as Chief Executive Officer (CEO) of ByteDance, the Chinese company that owns the hit...
Committee probing uniBank, UT Bank collapse requests documents from petitioners
The nine-member committee tasked to probe the collapse of Unibank and UT Bank has directed the petitioners to submit all necessary documents to support...
Works and Housing Minister praises FNB over homeownership initiative [Photos]
The Minister for Works and Housing, Francis Asenso-Boakye, has praised First National Bank Ghana for its initiatives to boost homeownership in Ghana.Mr Asenso-Boakye was...
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...