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 […]
Dr. Kwabena Duffuor’s suit against the Bank of Ghana (BoG) over the revocation of the license of defunct uniBank has been struck out by the Supreme Court. The court presided over by Justice Angelina Mensah-Homiah, […]
Some 100 retired and active Police Officers at the Kasoa Divisional Police Command in the Central Region have filed a writ at the Accra High Court against Gold dealership Company Menzgold, in a bid to […]
President Nana Akufo-Addo has revealed that a Special Investigations Team has been put in place to undertake criminal investigations into the failures of all seven banks for possible prosecutions by the relevant State agencies. Addressing the media […]
President Nana Akufo-Addo has said about 3,500 jobs were salvaged from the banking crisis that hit Ghana’s economy. In his encounter with the media on Wednesday, he said customer deposits worth GHc 10 billion had […]
Some staff of embattled gold dealership firm Menzgold Ghana Limited, have claimed that the company is conniving with some powers in government, to secretly pay the investments and entitlements of high-profile clients.In a statement, the […]
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 […]
Visa has teamed up with banks in Ghana to launch Visa-on-mobile, a mobile payment service, in the country. The mobile payment solution allows customers to directly access funds in their bank accounts to pay merchants (person-to-merchant […]
Kwame Osei Yeboah, an employee of the defunct uniBank who was absorbed into Consolidated Bank Ghana Limited (CBG), accused of illegally transferring GH₵11.2 million of depositors’ money to some microfinance companies, has been remanded into […]
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 […]
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