23 banks operating after recapitalization – BoG

February 5, 2019 The Bank of Ghana have confirmed that 23 banks have been left to operate now following the recapitalization exercise that ended on December 31,2018. It follows an initial 36 banks that were...

Written by:

February 5, 2019 / Comments (0)

Bank of Ghana reduces policy rate to 16 percent

February 1, 2019 The Bank of Ghana on Monday reduced the policy rate to 16 percent representing a 100 basis points. In March, 2018, the Bank reduced its rate by 200 basis points from 20 percent to 18...

Written by:

February 1, 2019 / Comments (0)

Recapitalisation to drive interest rates down

January 15, 2019 The Managing Director/COE of Zeinth Bank Ghana, Mr Henry Oroh, has said that the recent recapitalisation exercise that has seen 23 banks increase their minimum stated capital to GH 400...

Written by:

January 15, 2019 / Comments (0)

BoG withdraws licences of 9 banks-Injects GH¢12bn to protect depositors

January 8, 2019 The Bank of Ghana (BoG) has completed a major clean-up of the banking sector, in the course of which the licences of nine banks have been withdrawn and over GH¢12 billion spent to protect...

Written by:

January 8, 2019 / Comments (0)

BoG to take action on financial institutions that cannot pay depositors’ funds.

November 2, 2018 The Bank of Ghana says it will soon close down microfinance institutions and savings and loans companies that cannot payback returns to customers. According to the Central Bank, the reform...

Written by:

November 2, 2018 / Comments (0)

Government working to ensure safe, secure banking sector

October 30, 2018 The government is working to ensure that the banking sector is safe and secure, an Economic Advisor to the Minister of Finance, Mr. Sampson Akilgoh, has said. “The systems we have put in...

Written by:

October 30, 2018 / Comments (0)

BoG holds key for reduction in fuel prices – GOIL

October 18, 2018 The Ghana Oil Company Limited (GOIL) on Monday asserted that the Bank of Ghana holds the key for reduction in the prices of fuel which is on the upper trajectory. Mr. Alex Josiah Adzew,...

Written by:

October 18, 2018 / Comments (0)

Ghana Stock Exchange closes week in the red

October 16, 2018 The Ghana Stock Exchange (GSE) closed the second trading week of October in the red as selling pressures in blue-chip companies weighed on the equity indices. At the closing bell, the GSE...

Written by:

October 16, 2018 / Comments (0)

Senior Minister leads government delegation to World Bank/IMF meetings

October 15, 2018 Senior Minister, Yaw Osafo Maafo, is leading Ghana’s delegation attending the World Bank/IMF Annual Meetings in Bali, Indonesia. The meeting, which lasts from October 8-14, 2018, is...

Written by:

October 15, 2018 / Comments (0)

Recapitalisation will strengthen indigenous banks

October 10, 2018 A banking consultant, Nana Otuo Acheampong, has said he is optimistic that the successful completion of the recapitalisation of banks in December this year will place indigenous banks on a...

Written by:

October 10, 2018 / Comments (0)