Financial institutions falling victim to a new fraud method – BoG

July 13, 2020 The Bank of Ghana (BoG) has served notice that a number of financial institutions are falling victim to a new method being adopted by fraudsters to dupe banks and other financial...

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July 13, 2020 / Comments (0)

Digitalisation offers brighter future for banks amid pandemic

July 1, 2020 It was all going well until…. Yes, many individuals, businesses and other organisations could identify with those words in the past few months. For businesses especially, this year looked...

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July 1, 2020 / Comments (0)

BoG confident of stable cedi despite 2.4% depreciation

July 1, 2020 In spite of the annihilative impact of the coronavirus pandemic on the country’s local currency, making it record its highest depreciation against the US dollar since the beginning of the...

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July 1, 2020 / Comments (0)

Total revenue falls short by GH¢3.59bn in first quarter

June 23, 2020 During the period under review, total revenue and grants amounted to GH¢10.35 billion, which is lower than the target of GH¢13.94 billion. This outturn represented a 1.0 per cent...

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June 23, 2020 / Comments (0)

UniBank collapse: Charges against Duffuor and others amended from 68 to 71

June 19, 2020 The State has amended its charges against the Founder of defunct Unibank, Dr. Kwabena Duffuor and some former executives over their alleged roles in the bank’s collapse. The one-time...

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June 19, 2020 / Comments (0)

Gov’t plans to issue GH¢17,837 securities – BoG announces

June 16, 2020 For the period between June to August this year, the Government plans to issue securities to the tune of GH¢17,837.87 million (gross), of which GH¢15,806.61 million is to rollover...

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June 16, 2020 / Comments (0)

SEC in talks with MoF to secure comprehensive solution in paying defunct investment banks’ clients

June 15, 2020 The Securities and Exchange Commission (SEC) is in talks with the Ministry of Finance to secure a comprehensive solution for customers of the defunct investment banks who have their monies...

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June 15, 2020 / Comments (0)

EXPOSED: Banks caught in major violations

June 10, 2020 Changes made to loan agreements without notice Borrowers not provided pre-agreement contracts Exposing customer details to third parties Unfriendly environment for the physically challenged...

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June 10, 2020 / Comments (0)

BoG declares no dividend for 2019 despite GH¢1.8bn profit

June 10, 2020 The Bank of Ghana posted a profit of 1.8 billion cedis for 2019. This is about twice the operating loss of 793 million cedis it recorded in 2018. This has largely been attributed to the...

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June 10, 2020 / Comments (0)

IEA backs BoG’s GH¢10bn bailout decision, Commends it for interventions to support private sector

June 8, 2020 The Institute of Economic Affairs (IEA) has commended the Bank of Ghana’s measures introduced to support banks and the economy deal with impacts from the coronavirus pandemic, including...

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June 8, 2020 / Comments (0)