GN Bank has revealed that it made a “conscious decision” not to sell the bank to foreign interests in the process of looking for the GH¢400 million minimum capital. It said the foreign investors were […]
It has emerged that owners of the now defunct Heritage Bank Limited used suspicious funds to establish the financial institution in October 2016. Governor of the Bank of Ghana Dr. Ernest Addison in announcing the […]
Pursuant to Section 123 of the Banks and Specialised-Deposit-Taking Institutions Act, 2016 (Act 930), the Bank of Ghana has revoked the banking licences of Premium Bank Limited and Heritage Bank Limited with effect from the […]
The Bank of Ghana (BoG) has downgraded GN Bank into a Savings and Loans company. GN Bank owned by business man cum politician, Dr. Papa Kwesi Ndoum has lost its banking license and will now […]
The Bank of Ghana (BoG) has given final approval for the merger of indigenous lender, Omni Bank, with Sahel Sahara Bank into one entity to be known as Omni-BSIC Bank Ghana Limited. This is after five months of rigorous […]
The Bank of Baroda (Ghana) Ltd has rejected reports that, it is winding up its operations in Ghana due to the backs lack of funds to meeting the GH₵400 million minimum capital imposed on banks […]
The Bank of Ghana (BoG) will, this week, announce the list of banks that have successfully raised their minimum capitals to GHS400 million in compliance with its earlier directive, which elapsed on 31 December 2018.Ahead […]
The government is to announce a GH₵2 billion bailout package for some six indigenous banks to enable them to meet the Bank of Ghana (BoG) deadline on recapitalization, which expires today, December 31. The package […]
Ghana could cut interest rates early next year if inflation continues to drift lower, the central bank governor said on Tuesday.“I could easily see the policy rate going further down,” Ernest Addison told Reuters on […]
For the first time since leading the team to revoke the licences of seven banks in 12 months, the Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has openly taken a swipe at […]
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