Seven Ghanaian banks have collapsed since August 2017, after the Bank of Ghana, working with the Ministry of Finance, embarked on a comprehensive clean-up exercise in a bid to repair, restructure and strengthen the banking sector. As Ghanaians continue to express grave concerns about the loss of jobs and livelihoods, a growing number of citizens […]
Tag: ghana commercial bank
Economist demands punitive sanction against BoG directors
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 […]
GN Bank head office, branches and contacts
Source: CitiNewsRoom Contact Physical address: Adjacent Domod, On top of Pacific Savings. Tel: +233 (0) 50-141-1360 Apart from their ATM services, all banking services are available at this branch. Their professionally trained staff are ever available to answer all financial questions related to the bank operations. Mallam branch Contact Physical address: Opposite ECOBANK, MacCarthy Hill, […]
GCB constructs GH¢ 40, 000 projects in two communities
Asufufu, (B/A), Aug 27, GNA – The Ghana Commercial Bank (GCB) Sunyani branch has constructed a mechanised a borehole estimated at GH¢ 15,000 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 GH¢ 25,000 for the Bomaa local Roman […]
Daylight Thievery Caused Collapse Of Banks
Plain thievery on the part of shareholders and directors of some banks in the country is to blame for the current banking crisis, Finance Minister, Ken Ofori-Atta has said. “The heart of the matter is that it is really plain thievery on the citizens by certain bank shareholders and directors, also, with a clear compromise […]
Experts speak on banking sector clean up
Finance Minister – Ken Ofori-Atta Seven Ghanaian banks have collapsed since August 2017, after the Bank of Ghana, working with the Ministry of Finance, embarked on a comprehensive clean-up exercise in a bid to repair, restructure and strengthen the banking sector. As Ghanaians continue to express grave concerns about the loss of jobs and livelihoods, […]
Gov’t Spends GH¢8b On Bank Reforms
Ken Ofori-Atta speaking at the event while Dr Osei-Assibey and Dr Ashley look on Government says it has so far spent GH¢8 billion to deal with the mess created in the country’s banking sector to ensure the protection of depositors’ funds and jobs. Minister of Finance, Ken Ofori-Atta, disclosed this yesterday at a public forum […]
Staffers of collapsed indigenous banks battle for redundancy packages
More than 300 Ghanaian workers, who were working in the five collapsed local banks in Ghana, are currently battling for their redundancy packages.The affected workers of the collapsed banks on Friday besieged the premises of the Industrial and Commercial Workers Union (ICU) and requested the union to negotiate for their packages. The Bank of Ghana […]
Experts Speak On Banking Sector Clean Up
Seven Ghanaian banks have collapsed since August 2017, after the Bank of Ghana, working with the Ministry of Finance, embarked on a comprehensive clean-up exercise in a bid to repair, restructure and strengthen the banking sector. As Ghanaians continue to express grave concerns about the loss of jobs and livelihoods, a growing number of citizens […]
Ghana: Central bank collapses five banks, takes over assets
The Bank of Ghana (BoG) has revoked the licenses of five banks operating in Ghana and merged them into one bank, APA learns here.The uniBank, The Royal Bank, The Construction Bank, The Sovereign Bank and the Beige Bank, were found to have committed various regulatory and financial breaches that made them insolvent and unfit to […]