The Bank of Ghana has given approval to 11 out of 23 banks to pay dividend to shareholders in respect of the 2020 financial year. Following the effects of the covid-19 pandemic, the Central Bank introduced some regulatory measures that include the financial institutions meeting certain key requirements before they could pay dividend to shareholders. […]
Tag: cal bank
BoG gives 11 banks out of 23 go ahead to pay dividends to shareholders
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison The Deputy Head of Banking Supervision at the Bank of Ghana, Mr Ismail Adam made the announcement at the UPSA Law School Quarterly Banking Roundtable webinar. “ The idea is to make the institutions more robust and resilient such that they wouldn’t suffer because […]
Hostage of CAL Bank staff in Kejetia ‘false alarm’
The Anti-Robbery Unit of the Ghana Police Service say no evidence of robbers Report of some staff of the Kejetia branch of CAL Bank held hostage by some armed robbers has been described as “false alarm” by sources within the Ghana Police Service. On the evening of Thursday, July 1, reports were rife that some […]
2020 Tokyo Olympics: Ugandan weightlifter runs away from camp in Japan to seek greener pastures
A Ugandan athlete has run away from the team camp in Japan He wrote a note to say he did not want to return to his home country because life there was hard Julius Sekitoleko failed to qualify to participate in the games Our manifesto: This is what YEN.com.gh believes in The Uganda Olympic Committee […]
PAC tasks Auditor-General on compliance issues
James Klutse Avedzi The Public Accounts Committee (PAC) has tasked the Auditor General to ensure that all government agencies comply with the accounting systems and procedures specified by the Audit Service. Speaking after the committee brought its public sittings to an end, the Chairman of the committee , Mr James klutse Avedzi, said lots of […]
Tokyo 2020: Ghana’s sole judoka Sensei Kwadjo Anani hopeful of success
Sensei Anani is one of the 14 athletes representing Ghana at the Olympics The judoka plans to make a name for himself and Ghana He won a silver medal at the African Championship in Senegal to qualify Our manifesto: This is what YEN.com.gh believes in Ghana’s only representative in Judoka, Sensei Anani Kwadjo is optimistic […]
Govt tables $170m loan facility to fund 2023 AG
Sports Minister, Mustapha Ussif Govenment is seeking approval from Parliament for a US$170m loan facility to finance the upcoming African Games. The amount would be used for the provision of sports infrastructure and residential facilities for the games to be staged in Ghana in 2023. The amount, expected to be obtained through a facility from […]
US makes available $100m to support SMEs – Eligible companies asked to apply
FLASHBACK: Mrs Stephanie Sullivan, United States Ambassador to Ghana, when she met President Nana Addo Dankwa Akufo-Addo at the Jubilee House in Accra The U.S. International Development Finance Corporation (DFC) has established a US$100 million loan facility with CAL Bank to support on lending to small and medium scale enterprises (SMEs) in the country. The […]
Capital Bank trial: Reroy Cables MD acquitted and discharged
An Accra High Court hearing the case of Ato Essien and three others over the collapse of Capital Bank has acquitted and discharged Kate Quartey-Papafio, Managing Director of Reroy Cables Limited. “A prima facie case has not been established against her. Rather she acted childish in the deal and the law does not punish the […]
US makes available $100m to support SMEs – Eligible companies asked to apply
FLASHBACK: Mrs Stephanie Sullivan, United States Ambassador to Ghana, when she met President Nana Addo Dankwa Akufo-Addo at the Jubilee House in Accra The U.S. International Development Finance Corporation (DFC) has established a US$100 million loan facility with CAL Bank to support on lending to small and medium scale enterprises (SMEs) in the country. The […]