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Ghana rated higher by Standards & Poor’s from B- to B

September 17, 2018 International rating agency, Standards and Poor’s (S&P) Global, has raised Ghana’s long-term local and foreign currency sovereign credit rating to B from B-, with a...

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September 17, 2018 / Comments (0)

Exciting times await banking sector in 2019 — PricewaterhouseCoopers

September 13, 2018 In spite of what many experts have described as a big turmoil in the financial services sector, PricewaterhouseCoopers (PwC) is predicting exciting times for the banking industry next year....

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September 13, 2018 / Comments (0)

BoG injects more dollars into the economy

September 13, 2018 The Bank of Ghana (BoG) has stepped up its supply of United States (US) dollars to meet daily demands for foreign exchange as global pressures and the exit of investors from emerging...

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September 13, 2018 / Comments (0)

Banks not keen on mergers – PwC survey

September 11, 2018 A survey by PricewaterhouseCoopers (PwC) has found that banks racing against time to meet the BoG’s GH¢400million minimum capital requirement by end of year would rather explore other...

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September 11, 2018 / Comments (0)

BoG acts to curb banking fraud…Value of reported fraud hits GH¢190.38 million

September 10, 2018 The Bank of Ghana is to issue new directives as part of measures to curb the growing incidents of fraud in the banking sector. A member of the Financial Stability Department of the Bank of...

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September 10, 2018 / Comments (0)

IMF commends BoG for banking sector clean up

August 28, 2018 The International Monetary Fund (IMF) has described the recent Bank of Ghana action on some banks as crucial for stability and confidence in the financial sector. IMF country representative...

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August 28, 2018 / Comments (0)

New development bank in the offing – Mr. Ken Ofori-Atta

August 28, 2018 Minister for Finance, Ken Ofori-Atta has revealed that there are plans to have another development bank, which would create a guarantee system to support agriculture. He made this known at...

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August 28, 2018 / Comments (0)

Local banks to receive gov’t cash…to meet GH₵400m capital by Dec 31

August 7, 2018 Government is to support ‘well-governed and managed’ local banks meet the new minimum capital requirement of GH₵400million set by the Bank of Ghana by December 31, 2018 deadline, Dr....

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August 7, 2018 / Comments (0)

Central bank executive to banks: ‘It won’t be business as usual’

August 6, 2018 The head of banking supervision at the Bank of Ghana, Mr. Osei Gyasi, admits there were errors in bank oversight, causing the collapse of five banks last week, but he cautioned that under...

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August 6, 2018 / Comments (0)

Consolidated Bank Ltd takes over assets of 5 collapsed banks

August 2, 2018 The Bank of Ghana (BoG) has revoked the licences of five banks and subsequently merged them into a new bank — the Consolidated Bank Ghana Limited — to be headed by Mr Nii Amanor Dodoo...

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August 2, 2018 / Comments (0)