Tag: BoG

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Breaking News: BoG revokes licences of 23 Savings & Loan companies

Breaking News: BoG revokes licences of 23 Savings & Loan companies

The Bank of Ghana has revoked the licences of twenty three savings and loan companies across the country. GN Bank which was downgraded to GN Saving [...]
Ghana officially exits IMF; read the goodbye letter

Ghana officially exits IMF; read the goodbye letter

Ghana has officially exited the Extended Credit Facility (ECF) programme with the International Monetary Fund (IMF) following a successful completio [...]
Cedi’s performance remarkable – Gabby Asare Otchere-Darko

Cedi’s performance remarkable – Gabby Asare Otchere-Darko

A high ranking member of the governing New Patriotic Party (NPP), Gabby Asare Otchere-Darko has described the current performance of the Ghana Cedi as [...]
The Banking sector reform is not complete without restoring liquidity – Prof. Gatsi

The Banking sector reform is not complete without restoring liquidity – Prof. Gatsi

Since 2017, about seven bank has collapsed. The crisis has lead to unending panic withdrawals at some local bank with GN Bank being one of the most af [...]
Banking crisis: BoG and Gov’t approach cause the unending panic withdrawals – Prof. John Gatsi

Banking crisis: BoG and Gov’t approach cause the unending panic withdrawals – Prof. John Gatsi

Prof. John Gatsi, the head of finance Department of University of Cape Coast has said the approach used by the central bank and government at the earl [...]
Menzgold investment crisis is now a serious social problem – Prof. John Gatsi

Menzgold investment crisis is now a serious social problem – Prof. John Gatsi

An economist and head of finance department of the University of Cape Coast, Prof. John Gatsi has waded into the Menzgold crisis describing it as "now [...]
Bank of Ghana bans EC Commissioner

Bank of Ghana bans EC Commissioner

A senior member of the Electoral Commission Ghana, Mr. Ebenezer Aggrey-Fynn has been blacklisted by the Bank of Ghana for violating the banking l [...]
Breaking: BoG collapses 5 banks into Consolidated Bank Ghana Ltd

Breaking: BoG collapses 5 banks into Consolidated Bank Ghana Ltd

The Bank of Ghana has collapsed five banks into one bank, Consolidated Bank of Ghana Limited. The banks are The BEIGE Bank, Sovereign, Construction [...]
BoG records GHC1.6bn loss

BoG records GHC1.6bn loss

Challenges in the financial sector have taken a toll on the Bank of Ghana (BoG) leaving it to record a loss of GH¢1.64 billion in 2017 having regi [...]
Banks, Telcos subscribe to AlexPay

Banks, Telcos subscribe to AlexPay

Some banking institutions and the major telecommunications networks in the country have signed on to Alexpay, a product of Allied Exchange Africa, to [...]
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