Today, Wednesday 18, December 2019, the Human Rights Court will be in session for the ruling on whether that court has the right to hear the GN Savings case or refer it to arbitration. On 30 August 2019, Dr Papa Kwesi Nduom together with some shareholders of GN Bank/Savings filed an application at the Human […]
Tag: ghana commercial bank
GCB now has its own mobile money platform called G-Money
GCB G-Money Ghana Commercial Bank (GCB) has finally launched the electronic money platform we reported late last month. This new mobile money platform is called G-Money . The service is scheduled to go live in January next year. Just like the mundane mobile money service we already have, the GCB G-Money will allow users to […]
President grants GHC15.6bn support for banking sector
President Nana Addo Dankwa Akufo-Addo President Akufo-Addo has given executive approval for an expenditure totalling GHC15.6 billion for the Ministry of Finance to protect depositors and investors of failed financial institutions. The amount is also to improve the liquidity of the financial sector. A letter dated 29th November this year, signed by the Secretary to […]
GCB launches ‘G-Money’ to help move funds within financial ecosystem
Ghana Commercial Bank (GCB) has launched G-Money to send and receive money, buy goods, pay for services and move funds within the financial ecosystem. G-Money will also afford customers a variety of financial and micro-financial services at competitive rates. Speaking at the launch of G-Money in Accra on Thursday, Managing Director of GCB Bank Raymond […]
New Currency redenomination Wahala; where have we come from and where are we going as a Country?
Can Ghanaians trust the Central Bank under the leadership of Governor Ernest Addison and the Akufo Addo’s government any longer? This question is premised on the background of the denial that came from Bank of Ghana in October 2018 when the new 100 cedi note popped up on social media platforms. I remember the Head […]
Ghana Commercial Bank Gets Approval From Bank Of Ghana To Issue “Electronic Money”
The Bank of Ghana (BoG) has given approval for Ghana Commercial Bank to issue electronic money similar to what is popularly known as “mobile money”. Speaking at a press conference in Accra on Monday, Dr. Ernest Addison , Governor of BOG said, “ In its issuance of electronic money, GCB Bank would create electronic value […]
Somanya: Massive rainstorm soaks Barclays Bank cash as staff run for cover
The violent rainstorm occurred Monday, November 25, 2019, between 3:30 pm and 4 pm The Somanya township has been devastated by a violent rainstorm which has damaged many properties including cash of some financial institutions. Officials of the Ghana National Fire Service, the Police and National Disaster Management Organization are currently embarking on a joint […]
Ghana Commercial Bank can now issue “electronic money” as BoG gives approval
Ghana Commercial Bank can now issue “electronic money” Ghana Commercial Bank has now been given the green light by the Bank of Ghana (BoG) to issue electronic money. This is a transaction that is similar to the widely-known mobile money we already have. The Governor of the Bank of Ghana, Dr. Ernest Addison, revealed this […]
Police probe shooting of mentally-ill man by officer in Akyem Tafo
Police have begun investigations into the shooting of a purportedly mentally-ill man by an officer at the Akyem Tafo Branch of Ghana Commercial Bank on Monday. The man, known as Ishmael, was shot in the thigh by the police officer and taken to the hospital for treatment. According to the police, Ishmael was armed with […]
‘Weird’ charges against Capital Bank owner would be difficult to prove – Lawyer
Ato Essien is the owner of defunct Capital Bank Legal practitioner, Elikplim Agbemava believes that the government’s charges against the owner of defunct Capital Bank will be difficult to prove in court. He told Raymond Acquah, host of JoyNews’ UpFront programme on Thursday that there are no provisions in the Banking Act which criminalise the […]