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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,...

Only 66% of Rural Banks have met BoG’s minimum capital requirement – Apex Bank

The ARB Apex Bank is urging all Rural and Community Banks (RCB’s) that have not met the Bank of Ghana’s minimum capital requirement of...

Photos: Lexis Bills sparks amazing support for graduate rice seller

One lady’s decision not to let a chocked job market frustrate her and dim her future has caught the eye of the host of...

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...

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,...

Shareholders, ex-directors of UT and 2 others banned from financial market

Shareholders and ex-directors of three defunct banks – UT, Capital and Sovereign banks have been banned from Ghana’s financial market with immediate effect. The embargo...

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...

AUDIO: Otabil’s statement on Capital Bank collapse needless – Banking expert

A banking consultant and finance expert, Dr Richmond...

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...

Capital Bank Board squandered BoG cash – Report

The then-Board Chair of the now-defunct Capital Bank, Dr Mensa Otabil is suspected to have been party to the misuse of liquidity support given...

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...

COCOBOD to pump 600 million dollars into cocoa sector

The Ghana Cocoa Board (COCOBOD) is to pump 600 million dollars into the cocoa sector industry to resuscitate the sector in the country, Mr...

‘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...

Menzgold CEO calls BoG’s bluff; calls caution a joke

Chief Executive Officer (CEO) of Menzgold Ghana Company Limited, Nana Appiah Mensah, also known as NAM1, has described as the “joke of the day”,...

Kings of Comedy to shut down Accra at Glo Laffta fest 

Ahead of the upcoming Glo Laffta fest comedy show on Sunday, August 12, 2018, artistes billed to perform at the event say they would lock down the...

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...

This year’s ban on fishing postponed to 2019

Cabinet has decided to postpone the one month ban on all fishing activities in Ghana, which was expected to start August 7, 2018 to...

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...

We’re sticking to 5-year BOOT deal – AMERI to government

Dubai-based power company, AMERI Energy, says it is committed to the five-year Build, Own, Operate & Transfer (BOOT) deal it signed with the previous...