BoG revokes licenses of 23 S&L companies

August 19, 2019 The Bank of Ghana has finally put paid on insolvent savings and loans companies, with renowned ones including GN Savings and Loans and Ideal Finance been part of the 23 banks whose licenses...

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August 19, 2019 / Comments (0)

Gov’t officials to use cards during travels – Bawumia …as GhIPSS unveils e-zwich/gh-link dual card

August 9, 2019 All government officials who travel on assignment outside the country will soon be required to use a credit and debit card in their transactions in a bid to ensure accountability and...

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August 9, 2019 / Comments (0)

BoG holds policy rate over stability concerns

July 22, 2019 The central bank has, for the third consecutive time, maintained the country’s policy rate – citing risks to macroeconomic stability brought on by increments in utility tariffs, subdued...

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July 22, 2019 / Comments (0)

Inflation drops marginally for first time in 2019

June 14, 2019 The general price levels of goods and services has dropped marginally for first time since beginning of the year, the Ghana Statistical Service (GSS) data have shown. The GSS release,...

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June 14, 2019 / Comments (0)

Exporters encouraged to repatriate export proceeds

June 14, 2019 Exporters have been encouraged to repatriate proceeds from merchandise exports in compliance with the provisions of Section 15 of the Foreign Exchange Act, 2006 (Act 723) which relates to...

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June 14, 2019 / Comments (0)

BoG collapses 400 microfinance, microcredit companies

June 3, 2019 The Central Bank has revoked the licences of more than 300 microfinance companies and 39 microcredit or money lending companies effective Friday, May 31, 2019. In two statements released on...

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June 3, 2019 / Comments (0)

BoG secures GH¢900m to sanitise microfinance sector

May 28, 2019 The Bank of Ghana (BoG) has received GH¢900 million to undertake a clean-up of the troubled microfinance sub-sector of the financial services industry. The move is part of cleaning up the...

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May 28, 2019 / Comments (0)

Poor records and non-existent data pose challenge to debt recovery – Governor

May 24, 2019 Dr. Ernest Yedu Addison, Governor of the Bank of Ghana, has stated that poor records and non-existent data has become a major challenge for receivers of the nine collapsed banks to recover...

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May 24, 2019 / Comments (0)

Banking sector outlook positive—BoG

May 23, 2019 The banking sector remains robust with strong growth prospects in various operational areas, the latest Banking Sector Report by the Bank of Ghana (BoG) has revealed. Given the liquidity in...

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May 23, 2019 / Comments (0)

BoG woo investors to the financial sector

May 6, 2019 The Bank of Ghana (BoG) has said the current macro-economic gains coupled with recent regulatory changes introduced to the financial sector provides several opportunities for investors to...

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May 6, 2019 / Comments (0)