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BOST Board Chairman resigns over collapse of Sovereign Bank

Board Chairman of the Bulk Oil Storage and Transportation Company (BOST) has resigned from office over the collapse of Sovereign Bank, one of five...

Panic withdrawals hit some savings and loans companies

Some savings and loans companies in the country have been hit by panic withdrawals. The development has already made it difficult for these companies to...

Over-reliance on natural resources not answer for Ghana Beyond Aid – Expert

Some experts have warned the government against the over-reliance on the country’s natural resources as part of its commitment to move the country beyond...

Strengthen BoG to build up small local banks – Nduom

Dr Papa Kwesi Nduom, Chairman of Groupe Nduom, says the Bank of Ghana should be strengthened with the requisite resources to support small, local...

BoG might have been misled by KPMG – Dr. Oduro Osae

A legal consultant, Dr Eric Oduro Osae, says the Bank of Ghana (BoG) may have been misled by the report submitted by KPMG to...

Less than ¢255K was stolen from us, not ¢110M; CalBank clarifies

CalBank has denied media reports that an Ivorian has been arrested for syphoning over GH¢110Million from the bank According to a press statement released by...

Give me back my bank – Duffour sues BOG

Former Governor of the Bank of Ghana and major shareholder of the defunct uniBank Ghana Limited, Dr Kwabena Duffuor, has sued the central bank...

Small-scale mining should be banned – Ken Agyapong

Outspoken Member of Parliament for Assin Central, Kennedy Agyapong is hinting Ghana will soon be inhabitable if the ban on small-scale mining is lifted. He...

Amewu to attempt AMERI III negotiations

Mr John Peter Amewu, the Energy Minister, on Monday said he would hold further engagement with managers of the Africa and Middle East Resources...

NPA clears Globex Energy over tax evasion

The National Petroleum Authority (NPA) has cleared Globex Energy Limited to do business in all petroleum downstream activities. Earlier in a press release, the NPA...

We’ll go after bank fraudsters — Gov’t

The government has given a firm indication of its preparedness to hold persons involved in the unethical and criminal conduct in the banking sector...

Prince Amoabeng breaks silence on the collapse of UT Bank a year after

Prince Kofi Amoabeng has broken his silence on the collapse of UT Bank and said he was quiet and refrained from commenting on the...

BoG approves merger of Sahel Sahara and Omni banks

The Bank of Ghana has approved the proposal by Sahel Sahara and Omni Bank to consolidate their operations into one entity to help meet...

Inflation For July drops to 9.6%

The inflation rate for July 2018 declined to 9.6% compared with the rate of 10% recorded in June this year. The monthly change rate in...

Otabil should have kept quiet – expert

A Banking Consultant and finance expert, Dr. Richmond Akwasi Atuahene, has berated comments by former Board Chair of now-defunct Capital Bank, Dr Mensa Otabil,...

Inflation for July drops to 9.6%

The inflation rate for July 2018 declined to 9.6% compared with the rate of 10% recorded in June this year. The monthly change rate in...

VIDEO: Otabil, others would’ve been cooling off in jail if this happened in Nigeria – Expert

A banking Expert, Dr Richmond Akwasi Atuahene, says persons found to have breached prudential or banking regulations should not be left to go scot-free. According...

I’m sorry BoG; Menzgold boss eats humble pie

The Chief Executive of gold dealing firm, Menzgold has eaten humble pie after calling the bluff of the Bank of Ghana. Nana Appiah Mensah posted on...

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 Thompson

On August 2nd we woke up to 30 banks. When we went to bed a day before there were 34 banks. Five banks that...

GRA soon to roll out of EPOS devices nationwide to monitor VAT

The Ghana Revenue Authority (GRA) is to introduce the Electronic Point of Sale (EPOS) device to monitor Value Added Tax (VAT) collection on real-time...

How Capital Bank ‘misapplied’ BoG cash

Details are emerging of how the defunct Capital Bank misapplied 620 million cedis Liquidity Support extended to it by the Bank of Ghana. The amount...

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...

FABEWOSO: Shareholders caused collapse of UT bank – Captain Smart (VIDEO+PHOTOS)

Adom FM's "Dwaso Nsem" host, Captain Smart on Monday's edition of Fabewoso disclosed how shareholders of UT Bank Limited collapsed the financial institution. According to...

2017 is new base year for inflation – Statistical Service

The Ghana Statistical Service has announced the rebasing of the calculation of the Consumer Price Inflation effective July this year. This means that the reference...

Ghana won’t return to IMF after current programme – Akufo-Addo

Government is working hard to build a strong and resilient economy to avoid a return to the International Monetary Fund (IMF) for financial bailout...

Boliden to increase market share

One of the world’s most trusted batteries, Boliden has marked its 30th milestone with a dealer’s seminar in Accra after a successful spell. Chairman of...

BoG Governor must resign – Adongo

Member of Parliament for Bolgatanga Central constituency in the Upper East Region, Isaac Adongo says the Governor of the Bank of Ghana, Dr. Ernest...

VIDEO: Stop being armchair collectors – Tax Experts tell GRA

Tax experts have urged the Ghana Revenue Authority (GRA) to be proactive in collecting taxes in the country. According to the tax experts, GRA’s monitoring...

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...

Menzgold tells PMMC to stay off after telling BoG to shut up

Menzgold Company Limited has disputed claims by the Precious Minerals Marketing Company (PMMC), that it is violating the law in its trade of gold in the...

Menzgold not licensed – PMMC reveals

Precious Minerals Marketing Company (PMMC) says Menzgold Company Limited is not licensed to either buy or sell gold. The Managing Director of the Company, Kwadwo...

How Capital Bank put BoG in their pocket to get a licence without cash – Report

Perhaps tired of being a Savings and Loans company after three years, ambitious shareholders of First Capital Plus planned to become a bank but...

ICAG to investigate auditors of collapsed banks

The Institute of Chartered Accountants, Ghana (ICAG) has begun an enquiry into the role of auditors in the collapse of seven banks within the last...

FABEWOSO: Tax Expert shocked at GRA’s laxity in chasing tax evaders [Video]

A tax expert, Mr Kwasi Asare says he is shocked at how the Ghana Revenue Authority (GRA) appears unperturbed by the number of companies...

‘Insensitive’ BoG should leave us alone – Menzgold ‘ignores’ public notice

An August 6 public notice issued by the Bank of Ghana cautioning the public against doing business with Menzgold Company Limited has angered the commodity...

We’re coming after you – Bank of Ghana to Menzgold

The Bank of Ghana (BoG) has issued a public notice that it is in discussions with relevant regulatory authorities to sanction Menzgold Company Limited...

AMERI deal: VRA staff wants Boakye Agyarko sacked

Staff of the Volta River Authority (VRA) are calling for the immediate removal of Energy Minister, Boakye Agyarko over the revised AMERI deal. According to...

Postponing ban on fishing risky – Prof Yankson

The chairman of the scientific and technical working group of sustainable fisheries management project has described government’s decision to postpone the closed season for...

Money laundering: BoG places GH¢60,000 fine on banks, others

Banks and Specialised Deposit Taking Institutions (SDIs) that fail to comply with the central bank’s Anti-Money Laundering regulations risk paying as much as sixty...