BoG sets Feb 2020 deadline for RCBs/MFIS to meet minimum capital

August 22, 2019 The Bank of Ghana (BoG) has sent a final notice to Rural and Community Banks (RCBs) and Microfinance institutions to comply with the GH¢2million minimum capital requirement, before 28th...

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August 22, 2019 / Comments (0)

Total banks’ assets hits GH₵112.8 billion

July 30, 2019 The total banks’ assets have inched up to GH₵112.8 billion through the clean-up and reforms introduced to bring confidence to the banking sector, Finance Minister, Ken Ofori-Atta has...

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July 30, 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)