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...

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November 2, 2018 / Comments (0)

Bank of Ghana plans to prosecute executives of failed banks

August 15, 2018 Ghana’s central bank plans to prosecute executives of failed local lenders suspected of dissipating depositors’ funds and insider dealing, the regulator told Reuters on Tuesday....

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August 15, 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)