President Akufo-Addo The President of the Republic, Nana Addo Dankwa Akufo-Addo, has assured the Ghanaian people that “those responsible for the sequence of activities that led to the ‘banking crisis’ will face the full brunt of the law if they are found to have broken the law”. According to President Akufo-Addo, “It is not right […]
Tag: cal bank
Persons culpable for collapsed banks will face the law – Akufo-Addo
President Akufo-Addo delivered a speech at the 80th Anniversary of the Presbyterian Boys’ SHS President Nana Addo Dankwa Akufo-Addo, has assured the Ghanaian people that “those responsible for the sequence of activities that led to the ‘banking crisis’ will face the full brunt of the law if they are found to have broken the law”. […]
Ivorian nabbed for allegedly siphoning over GH¢110m from CAL Bank
The Ghana Police Service has grabbed an Ivorian for allegedly siphoning GH ¢110,610,000 from CAL Bank Ghana Limited. William Djedehard Anselme Boscaud Dieou, a trader, is alleged to have logged on a CAL Bank Computer and used the credentials of two employees of the bank to debit the said amount from the bank’s internal account […]
GHC100m wasn’t siphoned from us – CAL Bank
The Bank says about GHC255,000 was rather taken through illegal means The management of CAL Bank has denied media reports that an amount of GHS100million has been siphoned from the the Bank. The Bank says about GHC255,000 was rather taken from them through illegal activities. On Tuesday, 21 August 2018, a GNA report indicated that […]
Market Confidence In UMB, CAL, Fidelity Banks High
Three indigenous banks have assured the public that they have put in place strong corporate governance structures, efficient operating mechanisms and robust capital plans that will make them continue to serve their customers better. As a result, they have asked Ghanaians to have confidence in them as they inch closer to raising their respective minimum […]
Prudential Life organises Health Walk for Bancassurance partners
Prudential Life Insurance Ghana, one of the leading life insurers in the country, organised a 10km health walk to promote a healthy lifestyle among its Bancassurance partners namely Societe Generale Bank, Fidelity Bank, Cal Bank, Zenith Bank and Standard Chartered Bank. The company’s insurance agents were also in attendance. The walk, which served as a […]
Ghana: Six Banks Jostle for Getfund’s Ghc2.3 Billion Loan
One consortium and five investment and universal banks have been shortlisted as likely arrangers of a GH¢2.3 billion loan for the Ghana Education Trust Fund (GETFund). The six banks are looking for an opportunity to raise the total amount or part of it for the GETFund under a financing arrangement that will see between 30 […]
Unibank Directors Fight Back
Dr Kwabena Duffuor II Shareholders of uniBank, one of five local banks, which were recently merged into a new entity – Consolidated Bank – have called on the Bank of Ghana (BoG) to provide them with an official copy of the KPMG report on the financial condition and future prospects of their bank. According to […]
Don’t desert indigenous banks – Consultant appeals to public
Nana Otuo Acheampong A banking consultant, Nana Otuo Acheampong, has appealed to the public to continue to patronise the services of banks, in spite of the collapse of seven local banks over the last 12 months. In an interview with the Daily Graphic in Accra, Nana Acheampong said although seven local banks had collapsed due […]
Over a dozen banks yet to meet GHC400m minimum capital
Governor of Bank of Ghana, Dr. Ernest Addison At least fifteen (15) banks are yet to announce their position on meeting the new minimum capital requirement with four months to the deadline. This is because Citi Business News’ analysis has shown that six (6) banks have reached the target with seven (7) others undertaking various […]