Police Invited Me -Beige Bank Boss
Mike Nyinaku, Chief Executive Officer (CEO) of the defunct Beige Bank, has denied reports that he was arrested by the police, saying he was only invited by the law enforcement agency to assist in ongoing […]
Bank of Ghana
Beige Bank Boss Arrested For Selling Bank’s Assets
The Chief Executive Officer (CEO) of the defunct Beige Bank, Mike Nyinaku whose firm is one of the five financial institutions that were merged into an entity known as the Consolidated Bank Ghana Limited, has […]
“Many banks” close to meeting GHS400m Minimum Capital Requirement – Dr Ernest Addison
Many banks are close to meeting the Bank of Ghana’s GHS400 million Minimum Capital Requirement (MCR) as the 31 December 2018 deadline approaches, Governor of the central bank, Dr Ernest Addison, has said.“We are happy […]
Bank of Ghana keeps policy rate at 17 percent
ACCRA – Ghana’s central bank, also known as The Bank of Ghana, has kept its benchmark interest rate unchanged at 17 percent on Monday to cushion the West African economy against possible global pressures […]
Consolidated Bank could close down 100 branches
About 100 branches of the new Consolidated Bank face closure, as the newly-formed bank seeks to streamline its operations and downsize to minimise cost and remain profitable. A source confirmed to the B&FT that a […]
Over 90% of banking fraud comes from employees – BOG
Dr Joe France, the Director of Financial Stability, Bank of Ghana has said that over 90 per cent of fraud related cases in the banking sector is associated with the employees. According to him, their […]
‘Sack Ursula’: Sam George urges after ‘rude’ letter to BoG Secretary
A Member of Parliament’s Select Committee on Communications has called for the immediate dismissal of Communications Minister, Ursula Owusu-Ekuful, over the contents of a letter her office sent to the Bank of Ghana (BoG). Sam George has […]
Communications ministry fights Bank of Ghana over Mobile Money data
Mobile money data has become a source of a feud between the Communications ministry demanding it and the Central Bank which is keeping it. Letters from the Communications ministry contain requests wrapped in strong […]
Otabil, ICGC, and 13 others sued over collapse of Capital Bank
15 shareholders including renowned preacher, Pastor Mensa Otabil and his church, the International Central Gospel Church (ICGC), have been sued over the collapse of Capital Bank. The suit was brought against the shareholders by Vish Ashiagbor and Eric Nana […]
Former employees of UT and Capital Bank struggle to cope
Some former staff of collapsed UT and Capital Bank are asking for support be able to cope. According to the group, a lot of the workers are yet to recover from the shock they suffered […]