28.2 C
Accra
Tuesday, December 3, 2024
BusinessBoG downgrades GN Bank, now Savings and loans

Date:

BoG downgrades GN Bank, now Savings and loans

The Bank of Ghana has downgraded GN Bank to a savings and loans company. This was after the central bank finished what it describes as the banking resolution requiring each commercial bank operating in the country to have a minimum capital of 400 million cedis. 

More soon.

Source: Myjoyonline.com

[forminator_poll id="710479"]

Latest stories

There must be fairness and equity in the recruitment of staff of the ICC – A-G

Ghana's Attorney-General and Minister for Justice, Godfred Dame, has...

A-G pushes for laws against genocide, war crimes in African States

Ghana's Attorney-General and Minister for Justice, Godfred Dame, has...

I shouldn’t have taken help from a woman – Big Akwes tells a story of regret

Ghanaian Kumawood actor Big Akwes has expressed regrets for...

Defective ballots for Eastern region destroyed

The Ghana Police Service, in collaboration with the Eastern...

Your support can make voting easier for PWDs – Centre for Disability urges Ghanaians

The Centre for Disability, Entrepreneurship, and Public Policy has...

Police look into alleged attack on Otumfuo’s convoy

The Ghana Police Service is investigating an alleged attack...

Total assets in banking sector surge by 3.4% to GHC367.2bn – BoG

The Bank of Ghana (BoG) reports that total assets...

Related stories

Total assets in banking sector surge by 3.4% to GHC367.2bn – BoG

The Bank of Ghana (BoG) reports that total assets...

Ghana on track to achieve fiscal surplus despite economic challenges – IMF

The International Monetary Fund (IMF) has announced that Ghana...

Cedi strengthens as it trades at GHS15.20 to a dollar

Ghana's cedi has shown steady improvement against major currencies,...

$2m spent weekly on onion imports as Ghana struggles with food security

Peasant Farmers Association of Ghana (PFAG) have revealed that...

Ghana’s cedi strengthens against major currencies as year ends

Ghana's currency, the cedi, has shown improvement against major...

Ghana Stock Exchange named West Africa’s best by CFi.co

The Ghana Stock Exchange (GSE) has been recognized as...