A scene of the minority addressing the press Wednesday. The Minority in Parliament has asked the government to immediately submit a fresh budget statement to the house, insisting the 2019 budget has been thrown out of gear by the depreciation of the cedis. Minority spokesperson on Finance, Cassiel Ato Forson said investor confidence in the […]
Ghana’s Central Bank on Saturday disclosed the revocation of the operating licences of two more banks, Premium Bank and Heritage Bank. Announcing the decision, Ernest Addison, Governor of Bank of Ghana, said the two years long banking sector cleanup had come to an end, leaving 23 universal banks out of an initial 35. While Premium […]
The clean up in Ghana’s financial sector has seen yet another set of casualties, as two banks got there licences revoked. Central Bank of Ghana on Saturday disclosed the revocation of the operating licences of both Premium Bank and Heritage Bank. For Heritage Bank, Addison explained that while the bank which was licenced in 2016 […]
Accra – Ghana’s Central Bank on Saturday disclosed the revocation of the operating licences of two more banks, Premium Bank and Heritage Bank. Announcing the decision, Ernest Addison, Governor of Bank of Ghana, said the two years long banking sector cleanup had come to an end, leaving 23 universal banks out of an initial 35. […]
Government says it has spent a whopping 12.7 billion cedis of taxpayer’s on the seven collapsed indigenous banks in the country within the last one year. The decision, President Nana Akufo-Addo justified, stating the huge amount injected into those banks has safeguarded depositors money and minimised job losses. He said he is committed to having […]
President Nana Addo Dankwa Akufo-Addo has backed the decision of the Bank of Ghana to sanitise the banking sector by taking over seven indigenous banks which were poorly managed. President Nana Addo Dankwa Akufo-Addo has backed the decision of the Bank of Ghana to sanitise the banking sector by taking over seven indigenous banks which […]
Governor of the Bank of Ghana, Dr. Ernest Addison An economist, Dr Kofi Lindsay, is demanding punitive sanctions against directors at the Supervisory Division of the Bank of Ghana for negligence and dereliction of duty that led to the collapse of some seven banks in the country. He argued that if the supervision division of […]
The Institute of Internal Auditors Ghana has called for reports of internal auditors working in the banking sector to be copied to the audit committees and the regulator, Bank of Ghana (BoG). According to the Institute, this will be another way for the regulator to have first-hand information if these banks are complying with controls, […]
The Ghana Commercial Bank (GCB) Sunyani branch has constructed a mechanised a borehole estimated at GHC15,000 to provide potable drinking water for residents, an emerging settlement in the Sunyani Municipality. In addition, the bank has also built six-unit classroom block costing GHC25,000 for the Bomaa local Roman Catholic Primary and Junior High School in the […]
The Institute of Internal Auditors Ghana has called for reports of internal auditors working within the banking sector to go beyond the audit committees and copied to the regulator, Banking of Ghana (BoG). According to the Institute, this will be another way for the regulator to have first-hand information if these banks are complying with […]
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