Tag: Banks
News
COCOBOD can’t borrow from foreign banks due to its financial instability – Minority
Minority Leader Cassiel Ato Forson has labeled the Ghana Cocoa Board’s (COCOBOD) decision to refrain from borrowing from foreign banks as a strategic maneuver...
Business
Technology outage hits banks, airports, telco companies, supermarkets and others – Reports
Businesses such as banks, airlines, train operators, telecom providers, TV and radio stations, and supermarkets have been hit by a massive global outage, causing...
Business
Mining sector repatriates $4.2bn to Ghana – Report
Mining companies sent back over US$4.2 billion to Ghana, amounting to slightly more than 1.4% of the repatriation value in 2022.This information is from...
Business
Banks prioritizing cash reserves over private-sector lending despite CRR directive
Recent data from the regulator suggests that banks are showing a greater inclination to maintain a significant portion of their deposits as reserves with...
Business
Naira strengthens as Central Bank offloads dollars amidst liquidity worries
The naira surged to its strongest level in over a month as Nigeria's central bank intervened in the foreign exchange market by selling dollars.On...
Business
Banks urged to partner and invest in modern technologies
Head of Digital and Innovation at Stanbic Bank, Estelle Jacqueline Asare, has urged banks to collaborate with service providers and embrace modern technologies to...
Business
Over-subscription of govt bonds will collapse banks – Report
A fiscal analysis conducted by Banking Consultant, Dr. Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei presents a bleak outlook for Ghana’s...
Business
Over 11 banks financially stable after converting assets to capital – BoG
More than half of Ghana's 23 banks have successfully met the required capitalization, according to Dr. Ernest Addison, the Governor of the Bank of...
Business
Banks’ share in securities, equity, other investments surged by 4.4% in 2023 – BoG
According to the Bank of Ghana’s January 2024 Banking Sector Development Report, the composition of banks' investments, including bills, securities, and equity, as a...
Business
GRA chases receiver of collapsed banks over GHC91M unpaid taxes
The Ghana Revenue Authority (GRA) is actively pursuing a receiver of defunct banks for an amount of GHȼ91 million in evaded taxes.The licenses...