Collapse of GN Bank and others amounted to policy failure – Alan Kyerematen
The leader of the Movement for Change, Alan Kwadwo Kyerematen, says the decision to close down Groupe Nduom Bank and other financial institutions was...
Mahama Ayariga notifies Police on second demo against BoG Governor
Bawku Central Member of Parliament(MP) Mahama Ayariga has notified the Police of the planned second demonstration against the Bank of Ghana(BoG) Governor, Dr Ernest...
Minority threatens another demo against BoG Governor
The Minority in Parliament has threatened another massive demonstration against the Bank of Ghana (BoG) Dr. Ernest Kwamina Yedu Addison over what they describe...
Tell Ghanaians why you couldn’t account for over $11bn of remittances – BoG told
Banking Consultant, Dr Richmond Atuahene has insisted that the Bank of Ghana is under-reporting forex inflows from inward remittances, leaving over $11 billion unaccounted...
My dollar advice was honest – Adongo tells Finance Minister
The Ranking Member on the Finance Committee of Parliament, Isaac Adongo has responded to the Finance Minister, Dr Mohammed Amin Adam's criticisms of his...
Bank of Ghana to issue climate risk directive to commercial banks
The Bank of Ghana (BoG) has completed a draft document on climate risk assessment to be issued to the commercial banks operating in the...
GCB Bank PLC posts strong financial performance in 2023
Ghana Commercial Bank PLC has reported a remarkable financial performance for the 2023 fiscal year, showcasing resilience and a robust recovery following the Domestic...
CalBank announces discontinuation of legal action against bank’s GH¢600m Rights Issue
CalBank Plc has informed its shareholders that the legal challenge to its GH¢600 million Rights Issue has been discontinued.This development follows an injunction placed...
Increase ¢1.5bn bailout – Aggrieved Gold Coast Fund customers appeals to govt
Customers of the Aggrieved Customers of defunct Gold Coast Fund Management (ACGCFM) have lauded the steps initiated by the government to pay victims of...
Ghana places 2nd in remittances to Africa in 2023
Ghana placed 2nd in remittance flows to Africa in 2023, the World Bank has revealed in its 2024 Migration Development Report.The country recorded $4.6 billion...
Ghana lacks indicators to assess economic turnaround – Banking consultant
Banking consultant, Richmond Atuahene says Ghana lacks indicators to assess economic turnaround.According to him, Ghana’s inflation level meets the international accounting standard classification for...
BoG committed no wrong in revoking license of UniCredit – Supreme Court
The Supreme Court has in a unanimous decision reversed the decision of the Court of Appeal and affirmed the decision of the High Court...
Debt Restructuring: Nothing will change; next 10 years will be rough – Ken Thompson
Kenneth Kwamina Thompson, the CEO of Dalex Finance, warns that Ghanaians should brace themselves for tough economic times over the next decade.Speaking to Evans...
‘Give us back our license, give us back our assets’ – Nduom’s bold appeal to BoG
The owner of the defunct GN Bank has issued a passionate appeal to Dr Ernest Addison, the Governor of the Bank of Ghana (BoG),...
Akufo-Addo orders release of ¢1.5bn bailout to banking sector clean-up victims
President Akufo-Addo has instructed the Finance Ministry to disburse ¢1.5 billion to assist customers affected by the banking sector clean-up operation.Finance Minister Dr Mohammed...
Former Medeama and Ashgold striker, Hans Kwoffie passes on in accident
Former Medeama and AshantiGold striker, Hans Kwoffie has tragically passed away following a fatal accident in Dadwen.The accident reportedly occurred on Friday when the...
I took loan from UT Bank to help my company – CEO thanks Amoabeng
Board Chairman of Bills Micro-credit Limited, Richard Nii-Armah Quaye, has acknowledged the founder of the defunct UT Bank, Captain Prince Kofi Amoabeng.According to the...
Remittances: Ghana’s missing billion dollars?
The World Bank estimates that $4 billion worth of remittances flowed into Ghana's economy between 2016 and 2022.This makes forex inflows from remittances the...
IMF sets date for Board to consider Ghana’s second programme review
The International Monetary Fund (IMF) has set June 28, 2024 for its Board Meeting to consider Ghana’s second programme review and possibly approve $360...
BoG justifies revocation of GN Bank’s license
The Bank of Ghana (BOG) has justified its decision to revoke the license of GN Bank in 2019, citing significant regulatory breaches.In a lengthy...
Be deliberate about financing renewable energy and sustainability-focused projects – KPMG Ghana urges banks
Kenneth Agyei-Duah, a manager in the Governance, Risk, and Compliance (GRC) Services at KPMG Ghana has urged banks and other financial institutions to be...
UBA Nigeria ordered to pay ₦8m for violating customer’s data privacy
A Nigerian court has ruled that the United Bank of Africa (UBA) must pay a customer, Folashade Molehin, the sum of ₦8,000,000 for violating...
I’ll reinstate collapsed banks – Mahama
The flagbearer of the National Democratic Congress (NDC), John Mahama, has reiterated his pledge to revive collapsed banks and financial institutions when elected President...
Cedi to end 2024 at GH¢15.91 to a dollar – Report
Research firm, IC Securities has revised its end-2024 US dollar to Ghana cedi rate to GH¢15.91/US$, from its initial forecast of GH¢13.2/US$.This, it said,...
IMF deal couldn’t have been secured without DDEP – BoG
The Bank of Ghana (BoG) has clarified that securing a bailout from the International Monetary Fund (IMF) would have been challenging without the implementation...
DDEP impacts BoG as bank seeks early recapitalisation – Report
The Bank of Ghana has been impacted by the Domestic Debt Exchange Programme (DDEP) as it seeks recapitalisation from development partners, a report has...
Bank of Ghana suffers GH₵10.5 billion loss in 2023
The Bank of Ghana has announced a loss of GH₵10.50 billion for the financial year ending 2023.This significant loss is primarily attributed to an...
My cedi depreciation a ritual problem statement taken out of context – Minister
Deputy Minister for Finance, Dr Stephen Amoah, has clarified that his statement that the cedi depreciation is a ritual problem has been taken out...
Bank of Ghana explains inflation dynamics [Video]
The Bank of Ghana has initiated a program to explain the dynamics of inflation.Additionally, the Central bank has offered insights into how it determines...
BoG to demand list of all interested parties in any sale of SG Ghana shares
The Governor of the Bank of Ghana (BoG) Dr. Ernest Addison has revealed that the Central bank will demand for a list of all...
Cedi depreciation: Black market dealer reveals deep secret
An illegal foreign exchange dealer, operating in the ‘black market,’ is blaming some banks in the country for the constant depreciation of the cedi...
Fiscal discipline critical for economic confidence – BoG
The Bank of Ghana (BoG) has highlighted the importance of maintaining strict fiscal discipline to enhance economic confidence.This statement comes at a time of...
Monetary Policy Committee of BoG keeps policy rate at 29 percent
The Monetary Policy Committee of the Bank of Ghana (BoG) has kept the policy rate at 29 percent.Addressing the media, Governor of the BoG,...
Govt approves GH¢2.3bn to restructure and recapitalise NIB
Cabinet has approved GH¢2.3 billion for the restructuring and recapitalisation of the National Investment Bank (NIB).The amount is the first tranche of GH¢400 million...
Ministry of Finance, BoG working to address cedi depreciation – Amin Adam
Finance Minister, Dr. Mohammed Amin Adam, has assured that the Ministry of Finance is working with the Bank of Ghana to implement measures to...
Gov’t meets zero Central Bank borrowing and non-concessional borrowing limit
Finance Minister, Dr. Mohammed Amin Adam has pointed out the government met some key fiscal targets under the International Monetary Fund-supported programme.They include zero...
Tanker drivers strike: COPEC warns of possible fuel shortage
The Chamber of Petroleum Consumers (COPEC) has warned of a potential fuel scarcity should the ongoing concerns of the striking Ghana National Petroleum Tanker...
Mobile money accounts with commercial banks hit GH¢18.69bn in March 2024
The 2024 Fintech Sector Report released by the Bank of Ghana has shown that the total value of mobile money accounts with commercial banks...
IMF programme blamed for the cedi’s decline
Professor Godfred Bokpin, an economist and finance expert, has attributed part of the cedi’s depreciation to the International Monetary Fund’s (IMF) programme with Ghana.He...
Banks deny engaging in practices contributing to cedi’s depreciation
The Managing Director and Chief Executive of FirstBank Ghana, Victor Yaw Asante has rejected claims that some banks are actively engaged in practices that...