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Breaking News: BoG creates Consolidated Bank to take over 5 struggling banks
The Bank of Ghana (BoG) has announced it is creating the Consolidated Bank Gh. Ltd to take over some struggling banks in the country.
Royal Bank, Beige...
Defunct savings and loans customers push for creation of ‘Consolidated Savings and Loans Company’
Customers of defunct savings and loans and finance house companies have called on government to set up a Consolidated Savings and Loans...
Banks’ collapse: I am uncomfortable with how uniBank has been handled – Kweku Baako
Editor-in-Chief of the New Crusading Guide Newspaper, Abdul Malik kweku Baako Junior, expressing concerns over the Central Bank’s decision to take over...
Banks show signs of growth with increased profit margins after sector reforms
Unaudited financial statements released by some banks, indicate that the banks have registered significant gains with profit margins either almost doubled or increased...
BoG officials in collapsed banks scandal in trouble
Bank of Ghana
Finance Minister Ken Ofori-Atta has announced...
Bank of Ghana releases list of licensed banks in Ghana
The Bank of Ghana has released a list of banks that are duly licensed and of good standing in the country.
The Central Bank is...
Audio: Greedy bastards invested in collapsed banks – Ken Agyapong
Member of Parliament for Assin Central, Kennedy Ohene Agyapong has described those who invested in the collapsed banks as ‘greedy bastards’.
“No greedy person will...
Persons culpable for collapsed banks will face the law – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo, has assured the Ghanaian people that “those responsible for the sequence of activities that led to the ‘banking crisis’...
Teller, Cash Boy held after stealing 200K from Consolidated Bank
Two persons who allegedly conspired and stole an amount of GH¢200,000 from the Consolidated Bank Ghana Limited were on Tuesday put before an Accra...
Staff of Consolidated Bank asked to re-apply
Staff of Consolidated Bank Ghana (CBG) have been...
Seize properties of collapsed banks’ managers – Ace Ankomah
A private legal practitioner, Ace Ankomah, has said the required legal backing for the recovery of depositors’ funds from the officials of the recently...
NDC will return collapsed banks to owners unless ‘tangible wrong’ established – MP
Bolgatanga Central Legislator, Isaac Adongo, has solidarised with shareholders of collapsed banks, explaining that the attempt to describe them as thieves was uncalled for...
Consolidated bank sacks over 400 former Beige bank staff
At least 400 workers of defunct Beige bank are set to exit the company from Monday (August 27, 2018) following a restructuring by the...
Market confidence in UMB, CAL, Fidelity banks high
Three indigenous banks have assured the public that they have put in place strong corporate governance structures, efficient operating mechanisms and robust capital plans...
Parliament to investigate collapse of 7 banks – Ato Forson
The Finance Committee of Parliament is set to open a full probe into the circumstances leading to the collapse of seven indigenous banks since...
AUDIO: Parliament to investigate collapse of 7 banks
The Finance Committee of Parliament is set to open a full probe into the circumstances leading to the collapse of seven indigenous banks since...
Probe BoG over collapsed banks – financial analyst
A Financial Analyst is calling on the government to immediately set up an independent committee to investigate Bank of Ghana (BOG) following the collapse...
The banks did not fail, greed and recklessness must not go unpunished – Ken...
On August 2nd we woke up to 30 banks. When we went to bed a day before there were 34 banks. Five banks that...
Banks collapse only deliberate attempt to dupe state – Ato Forson alleges
A ranking member of Parliament's Select Committee on Finance has attributed the recent bank closures to some greedy individuals who are bent on duping...
Prove yourself in 60 days or get fired – Consolidated Bank tells staff
Staff of the newly-established Consolidated Bank will have their employment assessed after a 60-day period to determine whether they are to continue working with...
Revocation of local banks’ licences is in public interest – BoG
The Bank of Ghana (BoG) says the revocation of the licences of seven indigenous banks within a year was done in the overall best...
Directors of 5 closed banks face possible ban from working in financial sector
The former directors of the five banks which were closed down by the Central Bank on Wednesday may struggle taking up new jobs in the banking...
5 Collapsed Banks: Be ready for job loses – John Boadu envisages
The announcement of the collapse of Beige Bank, Royal, Unibank, Construction and Sovereign Banks by the Bank of Ghana (BoG) leading to the emergence...
Prosecute and jail culprits of collapsed banks – Casely-Hayford fumes
A financial connoisseur, Sydney Casely-Hayford is pushing for officials of the Bank of Ghana (BoG) who issued fraudulent licenses to some banks to operate...
The 5 CEOs/MDs behind the ‘collapsed’ banks
The Bank of Ghana on Wednesday, August 1,...
Local banks beg gov’t over single treasury
Indigenous banks in the country have indicated that even though they accept government’s moves to consolidate its accounts via the Treasury Single Account (TSA),...
Govt to establish bank for traders
Minister of Trade and Industry, Alan Kyerematen, has hinted that the government will soon establish a bank for traders.
Isaac Adongo’s suggestions on what should be done with NIB
The Minority in Parliament has expressed its opposition to the government's plans to either collapse the National Investment Bank (NIB) or merge...
Ken Ofori-Atta writes: Citizens – Standing Strong with the Bank of Ghana
There is an anonymous quote that says “banks are to the economy what the heart is to the human body. They cycle...
NAM 1’s docket almost ready for prosecution – Attorney-General
The Attorney-General and Minister for Justice, Godfred Yeboah Dame, has indicated the docket for the prosecution of the Chief Executive Officer (CEO)...
List of entities responsible for charging E-levy
The Ghana Revenue Authority (GRA) has highlighted the entities responsible for deducting the yet-to-be-implemented Electronic Transfer Levy (E-Levy).
According...
Capital Bank collapse: Ato Essien’s lawyers grill BoG official
Lawyers for the founder of the defunct Capital Bank, William Ato Essien, on Thursday, March 17, 2022, grilled an official of the Bank of...
Court orders BoG to produce Capital Bank’s statement of accounts
The High Court has ordered the Governor of Bank of Ghana, Dr Ernest Addison, to produce and tender into the court, on...
Duffuor shares painful story of uniBank collapse
Founder of now-defunct uniBank, Dr Kwabena Duffuor, has opened up about his struggles with the collapse of his financial institution.
Ghana is in crisis – Kwabena Duffuor
Former Governor of the Bank of Ghana (BoG), Dr Kwabena Duffuor, says the country is in crisis.
According to...
GRA rolls out cashless payments system
The Ghana Revenue Authority (GRA), since the beginning of this month, has begun the implementation of a cashless policy geared towards the...
One acquitted and discharged in Capital Bank collapse case
The Accra High Court has acquitted and discharged Kate Quartey-Papafio, the Managing Director of Reroy Cables Limited, who was on trial with...
uniBank, UT collapse: Speaker to set up 7-member committee
The Speaker of Parliament, Alban Bagbin, is to set up a seven-member committee to look into a petition by a former Governor...
Kwabena Duffuor, Kofi Amoabeng petition Parliament
A former Finance Minister, Dr Kwabena Duffuor and former Chief Executive Officer of UT Bank, Kofi Amoabeng have petitioned Parliament over the...