Tag: Banking Sector
Business
Akufo-Addo directs disbursement of GHS1.5bn bailout to victims of banking sector clean-up
President Akufo-Addo has directed the Finance Ministry to allocate ¢1.5 billion to aid customers impacted by the banking sector's clean-up initiative.Finance Minister Dr. Mohammed...
Business
Impact of new cash reserve requirement policy on Ghanaian banking sector
Recent analysis by Black Star Brokerage suggests that with the implementation of the new Cash Reserve Requirement (CRR) policy, an estimated GH¢16.2 billion –...
Business
Court clears BoG of wrongdoing in revoking GN Bank’s license
A Human Rights Court in Accra has ruled in favour of the Bank of Ghana (BoG) in a case brought by Dr Papa Kwesi...
Business
Fraudulent activities in the Financial sector drops to GHS56m in 2022 – BoG report
In 2022, Ghana's banking industry and Specialised Deposit-Taking Institutions (SDI) lost roughly GH56 million, a 7.88 percent decrease from the GH61 million reported in...
Business
Banking sector still strong and liquid despite economic hiccups – BoG
The banking industry's stakeholders have been reassured by the Central Bank's second deputy governor, Elsie Addo Awadzi, that the industry is still strong, liquid,...
Business
Association of Women Accountants Ghana elects new leaders
The Association of Women Accountants Ghana (AWAG), a group of professional female accountants, have been sworn into office to steer the affairs of the...
Business
State will prosecute other culprits in banking sector crisis – Deputy AG assures
Government says persons believed to have caused financial losses to the State leading to the banking sector clean-up will be duly prosecuted.Deputy Attorney General...
Business
Banking sector crisis was not systemic – Alhassan Andani
Former President of the Ghana Association of Banks, Alhassan Andani, says the banking sector crisis was not systemic but rather an institutional one.According to...
Business
Five rescued banks from 2019 posting huge profit GAT
The Ghana Amalgamated Trust (GAT) has disclosed that some five banks bailed out by government in 2019 to enable them meet the minimum capital...
Business
Banks urged to adapt to shifting customer expectations post coronavirus pandemic
Chief Executive Officer of FBNBank Ghana, Victor Yaw Asante, says banks must reshape their products and services by providing a consolidated offering to meet...