Ghana Commercial Bank (GCB) has appointed Farihan Alhassan as its new Managing Director.
The appointment follows the resignation of Kofi Adomako.
In a statement, GCB explained...
Ghana Commercial Bank (GCB) has appointed Professor Joshua Alabi as an Independent Non-Executive Director and Chairman of the Board of Directors.
The appointment, which takes...
Ghana's public debt stock has seen a decline, falling to GH¢736.0 billion in November 2024 from GH¢761.0 billion in October 2024, according to the...
Fidelity Bank has strongly dismissed allegations of seizing US$25 million from the Minerals Income Investment Fund (MIIF).
Earlier reports suggested that in 2024, MIIF, operating...
Member of Parliament for Nungua and Minister-designate for Women, Children, and Social Protection, Dr. Agnes Naa Momo Lartey, has said that plans to establish...
Former UT Bank founder and CEO, Captain (Rtd) Prince Kofi Amoabeng, has expressed strong reservations about how Ghana's banking sector clean-up was conducted, describing...
The Ghana Commercial Bank(GCB) has temporarily closed down its Nkwanta branch in the Oti Region due to the renewed chieftaincy clashes.
The re-emergence which has...
Former UT Bank founder and CEO, Captain Prince Kofi Amoabeng, has dismissed allegations of misappropriating funds from the bank he founded, describing the claims...
Former UT Bank founder and CEO Prince Kofi Amoabeng has questioned the International Monetary Fund's (IMF) involvement in the closure of UT Bank and...
Energy Minister-Designate John Abdulai Jinapor has emphasized the importance of private sector participation in the operations of the Electricity Company of Ghana (ECG) to...
The Finance Minister-designate, Dr. Cassiel Ato Forson, has refuted claims that he intends to request additional finance from the International Monetary Fund (IMF).
Speaking during...
The new Mahama government could seek extra funding from the International Monetary Fund (IMF) during its current, three-year programme with the lender to cushion...
Ghana is the second most indebted country to the International Monetary Fund in Africa in terms of Concessional Lending and Debt Relief Trust.
The country’s...
The President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has urged President John Dramani Mahama to reconsider his decision to...
The Bank of Ghana injected about US$2.8 billion into the foreign exchange market between August 2024 and December 2024.
It subsequently auctioned US$480 million to...
The Bank of Ghana has issued the Large Exposures Directive for Banks, Savings and Loans, Finance Houses and Financial Holding Companies.
The objectives of the...
The Board of Directors of the Agricultural Development Bank (ADB) Plc has explained that the alleged last-minute $750,000 contract is a renewal.
In a statement,...
Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa has raised an alarm on the approval of an electronic servicing agreement worth US$750,000 by...
Trading activities in the secondary bond market declined by 50.1% last week due to risk-off sentiments among offshore investors.
Total volume traded fell to GH¢762...
Fitch Ratings expects the outlook for sub-Saharan African sovereigns to be neutral in 2025.
This the UK-based firm says will reflect a stronger macroeconomic outlook...
Ghana spent 42% of its revenue to servicing debt between 2017 and 2022, according to the 2024 United Nations report on Unpacking Africa’s Debt.
This...
The Agricultural Development Bank PLC (ADB) has strongly refuted circulating allegations aimed at tarnishing the reputation of the Bank and its Deputy Managing Director,...
The recapitalisation of banks is progressing, but credit risks have increased, the International Monetary Fund has stated.
The Washington-based multilateral institution, however, said the banking...
Former Minister of Finance Seth Terkper has revealed that President-elect John Mahama’s proposals to renegotiate the International Monetary Fund (IMF) programme will be guided...
SikaFX, an innovative money transfer platform, is excited to announce its launch in Ghana’s financial sector.
The company’s goal is to streamline international remittances, providing...
Consolidated Bank Ghana (CBG) has resumed its foreign exchange trading operations following the restoration of its licence by the Bank of Ghana (BoG).
The Central...
Claim 1: A Facebook user claims John Mahama, the NDC 2024 flagbearer, left office on January 6, 2017, when Ghana’s debt-to-GDP ratio was 56%.Â
Verdict: False!
Explanation
Data from...
