Banking

NDK moves to settle GH¢1.2b locked-up funds

Finance house, NDK Financial Services, has said it is working to settle a GH¢1.2 billion indebtedness to depositors who have their funds locked up...

Lemonade Finance names Delay, Dumelo and Dr Likee as brand ambassadors

Lemonade Finance, a cross-border payment solution that enables Africans in the Diaspora to send money back home, has announced Deloris Frimpong Manso , John...

Former Groupe Nduom workers appeal for release of Provident Fund

Former workers of the defunct Groupe Nduom (GN) Savings and Loans Limited have appealed to the government to facilitate the immediate release of their...

Cedi depreciation: Over 70 ‘black market’ dealers arrested [Video]

https://youtu.be/MzVBnFRR2e8A joint operation by the Bank of Ghana (BoG) and the Ghana Police Service has led to the arrest of over 76 illegal foreign...

British pound falls to its lowest level against dollar since 1985

The British pound on Wednesday (7 September) plummeted to its lowest level against the U.S. dollar since 1985.Sterling fell to US$1.1407 in afternoon trade...

Papa Kwesi Nduom fills eyes of Ghanaians with tears

Chief Executive of Groupe Nduom, Dr Papa Kwesi Nduom, has left social media users in tears with his latest post on his grace to...

From university ‘money exchange agent’ to CEO – The story of FXKudi’s Abioye Oyetunji

Economic and societal challenges in Africa are everyday phenomena that continue to beg for answers.Taking an initiative to get any of the...

We haven’t printed ¢22.04bn to support govt’s budget – BoG

The Bank of Ghana (BoG) has dismissed claims by the Minority in Parliament that it has printed ¢22.04 billion to finance government’s budget.In a...

Nduom sues Republic Press for ¢1m over ‘false’ GN Bank story

The Chairman and President of Groupe Nduom, Dr Papa Kwesi Nduom, has sued the Republic Press over a news story published in its Monday,...

Access Bank touts success amid covid-19 pandemic

Access Bank (Ghana) Plc has recorded an impressive growth performance across key indicators of its operations for the year ended 31st December 2021.This...

Ghana’s public debt hits ¢391bn as of quarter 1, 2022

Ghana’s public debt stock remarkably shot up by ¢40.1 billion to ¢391.9 billion as of the end of March, 2022, the Summary of Economic...

Burkina Faso can’t determine prices of tomatoes for us – Samini backs Dumelo

Dancehall musician, Samini has backed actor, John Dumelo who has charged government to invest in tomato production.He argued that, until government takes a decision,...

Access Bank announces closure of Ring Road branch

The management of Access Bank has closed down its Ring Road branch in the Greater Accra Region.According to the bank, the closure is...

BoG to sell $350m to dealers in quarter 2, 2022

The Bank of Ghana will sell a total of $350 million dollars to authorised dealers in the second quarter of this year, in the...

GH¢1bn fraud: Banks line up staff for prosecution

The Bank of Ghana has revealed that some of the persons involved in the GH¢1bn fraud that hit the banking sector in 2020 are...

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 Ghana (BoG)...

CIMG releases results of Ghana’s maiden professional marketing qualification examinations

The Chartered Institute of Marketing, Ghana (CIMG), last Thursday, officially announced results of the Institute’s maiden professional marketing qualification (PMQ) examinations, which was held...

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 March 10,...

76% of global investors look set to grow their African investments – Study

Global investors are set to see a significant increase in their African investments, with 76 percent either studying the markets, preparing for entry or...

Capital Bank Collapse: ‘You stole GH¢200 million’ – Prosecutor grills Ato Essien

State Prosecutors have accused the Founder of the defunct Capital Bank, William Ato Essien, of causing the insolvency of the bank by stealing about...

Russia’s richest 22 billionaires have lost $39 billion in one day after the invasion of Ukraine

Russia's 22 richest individuals saw their net worths plunge by a collective $39 billion in less than 24 hours after their country invaded Ukraine, according...

Stanbic Bank clears air on arrest of customer in banking hall

Stanbic Bank Ghana has reacted to the arrest of a customer in the banking hall of one of its branches.The customer had alleged on...

No need to reinvestigate banking sector crisis – Special Prosecutor told

Anti-Corruption crusader, Vitus Azeem, says the Special Prosecutor’s decision to investigate the 2017 to 2020 financial sector crisis amounts to double investigations as the...

Office of Special Prosecutor probes banking sector crisis

The Office of the Special Prosecutor (OSP) says it has commenced investigations into the financial sector crisis which led to the collapse of some...

Ghanaians are not against E-Levy – Ken Ofori-Atta

The Finance Minister, Ken Ofori-Atta, says Ghanaians are not against the Electronic Transaction Levy aka E-Levy, following his interactions with citizens in some constituencies...

BoG sacks two employees over ‘fake certificates’

The Bank of Ghana (BoG) has dismissed reports suggesting that 90% of newly recruited staff were found to have presented fake certificates.A statement...

Venture Capital Fund to be recapitalised with $40 million

The government is capitalising Venture Capital Trust Fund (VCTF) with $40 million to enable it to fund more viable start-ups in the country.The...

Judge threatens to revoke Ato Essien’s bail in ¢620m Capital Bank trial

An Accra High Court has expressed frustration with counsel for the Chief Executive of defunct Capital Bank, William Ato Essien’s attitude towards his ongoing...

Akufo-Addo appoints Rosemary Beryl Archer as Deputy CEO of Ghana Exim Bank

President Nana Akufo-Addo has appointed Rosemary Beryl Archer as Deputy Chief Executive (CEO) of Ghana Exim Bank.The new Deputy Chief Executive in Charge...

GCB announces closure of three branches until further notice

The Ghana Commercial Bank (GCB) has announced the closure of its Dzorwulu, Tantra Hill and Takoradi harbour branches.Though reasons for the closure...

Santander: Bank hands out £130m in Christmas blunder

Tens of thousands of people awoke on Christmas morning to a surprise from an unexpected benefactor – Santander.The bank mistakenly deposited £130m into...

Togbe Afede XIV hits back at BoG over high interest rates

Togbe Afede XIV has described responses made by the Bank of Ghana (BoG) over his earlier submission on the Monetary Policy Rate as “misrepresentations...

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.According to him, it was...

Capital Bank case: Ato Essien suffers sleep disorder

The founder of the defunct Capital Bank, William Ato Essien, has been reported sick and has been diagnosed with 'Obstructive Sleep Disorder.'Mr Essien and...

Failing to pay regulators huge sums of money results in collapse of companies – Nduom

Founder of Group Nduom, Dr Papa Kwasi Nduom, has blamed governmental interference and a lack of support for local companies as what has accounted...

Kofi Amoabeng reveals why he has no regrets over UT Bank’s collapse

The Chief Executive Officer of defunct UT Bank, Prince Kofi Amoabeng, has revealed he has no regrets venturing into the banking sector.Despite the...

Capital Bank case: I’m a nation builder – Ato Essien

The founder of the defunct Capital Bank, William Ato Essien Thursday morning described himself as a nation builder whose work was the engine of growth for...

Restructured Agyapa Royalties Agreement to be submitted to Parliament

The government has disclosed its intention to submit a restructured Agyapa Royalties Agreement to Parliament for approval.Finance Minister, Ken Ofori-Atta, made this known when...

Elon Musk mocks Jeff Bezos as he extends lead as world’s richest man with $222 billion

Elon Musk has come through on his promise to send Jeff Bezos a silver medal now that the Tesla CEO has surpassed the Amazon founder to become...

Dormant accounts with NIB to be transferred to BoG

The National Investment Bank (NIB) has issued a notice of its intention to transfer a list of dormant customer accounts to the Bank of...