Tag: Banking Crisis

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‘We stopped taking new deposits in 2018’ – Gold Coast responds to SEC

‘We stopped taking new deposits in 2018’ – Gold Coast responds to SEC

The Gold Coast Fund Management (GCFM) has revealed that, it ceased taking new deposits for its Structured Finance product from investors since October [...]
Seidu Agongo Writes: We can only grow when we empower our own

Seidu Agongo Writes: We can only grow when we empower our own

Once, I asked myself: why are the staff of the World Bank and the International Monetary Fund (IMF) so much interested in the wellbeing of countries f [...]
Nduom’s customers on the neck of SEC

Nduom’s customers on the neck of SEC

An angry group by name Concerned Gold Coast Fund Management Customers is demanding answers from the Securities and Exchange Commission (SEC) to be swi [...]
Why can’t we allow our neighbors, school mates or ‘friends’ to succeed? – Dr. Nduom asks

Why can’t we allow our neighbors, school mates or ‘friends’ to succeed? – Dr. Nduom asks

President of Groupe Nduom, Dr. Papa Kwesi Nduom has raised concerns over the unfair treatment of Ghanaian-owned businesses and what seems to be a sche [...]
Delay in prosecuting people for banking sector rots may affect public confidence – Ken Thompson

Delay in prosecuting people for banking sector rots may affect public confidence – Ken Thompson

Dalex Finance Chief Executive Officer, Ken Thompson has warned that the financial system risks being undermined due to delays in prosecuting people wh [...]
Banks make huge profits

Banks make huge profits

Majority of the 23 banks that met the Bank of Ghana’s recapitalization requirement of GH₵400 million, made huge profits in the last financial year. U [...]
It’s not unlawful to use Pensions Fund to rescue distress local banks – Prof. Gatsi on GAT concerns

It’s not unlawful to use Pensions Fund to rescue distress local banks – Prof. Gatsi on GAT concerns

Prof. John Gatsi said this during a discussion on issues surrounding the Ghana Amalgamated Trust (GAT) on TV3`s Key Points show. [...]
Isaac Adongo accuses BoG Governor of deceiving investors with manipulated economic data

Isaac Adongo accuses BoG Governor of deceiving investors with manipulated economic data

He alleged that the Central Bank has concealed and manipulated Ghana’s Net International Reserves (NIR) which is evident in the bank’s silence on the [...]
TUC meets tomorrow on GHc2 billion Private Pension Funds for Troubled Banks

TUC meets tomorrow on GHc2 billion Private Pension Funds for Troubled Banks

On Monday, 14th January, 2019, the Trades Union Congress (TUC) is likely to hold a crunch meeting on government’s decision to support some banks that [...]
Ghana’s Banking Sector Reforms From Another Perspective

Ghana’s Banking Sector Reforms From Another Perspective

Last week the statutory regulator of the banking sector, the Bank of Ghana closed down two additional universal banks and announced 23 banks as fit fo [...]
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