The Parliamentary Candidate for the opposition National Democratic Congress (NDC) in the Effutu constituency, Dr James Kofi Annan has denied claims of being a thief alleging that the incumbent Alexander Kwamina Afenyo-Markin is the one using the police to intimidate him. Contrary to police claims that he dishonestly used money which is not his, Dr […]
Tag: ghana commercial bank
Banks up precautionary measures to prevent spread of Covid-19
In the wake of recently recorded cases of the novel Coronavirus in the country, government and health experts have outlined a number of precautionary measures to be observed by citizens to contain the pandemic. These precautions include regular washing of hands or the use of hand sanitizers, covering the mouth or nose when coughing or […]
1.7 billion cedis disbursed to 172 companies under 1D1F – Trade Minister
The Minister for Trade and Industries, Alan Kyeremanten, says his outfit has partnered some financial houses to disburse 1.7 billion cedis to assist 172 companies under the One District One Factory initiative since 2017. As part of the country’s industrialization agenda, government has sought to facilitate development through private-public initiative. Speaking to Citi News, the […]
Impact of Graphic on two oldest vendors
Mr Timothy Gobah, a Staff Writer of the Daily Graphic (right), interviewing Mr Binney in Cape Coast He was introduced into the newspaper business right after he completed the Catholic Jubilee School in Cape Coast in 1971 and ever since he has been an agent of the Daily Graphic and other brands of the group. […]
‘Don’t blame NDC for banking sector crisis’ – Seth Terkper
Former Finance Minister, Seth Emmanuel Terkper Former Finance Minister Seth Terkper has discounted claims that the previous government’s negligence led to the collapse of many banks in the country. Mr Terkper in an interview with Kwame Minkah on Power 97.9 FM revealed that the National Democratic Congress (NDC) government made lots of sacrifices to save […]
Ghana@63: Banking, local players face an uphill task in regaining confidence
File photo Yes, confidence in the banking sector is bouncing back and yes, banks are returning to profitability. Big cheers to the Central Bank for embarking on an unprecedented financial sector reform that has seen the revoking of more than 400 licences of banks, savings and loans, finance houses, microfinance and microcredit companies. The reforms […]
Former top banker to appear before High Court over stealing charges
Kofi Amoabeng Prince Kofi Amoabeng, former Chief Executive Officer of UT Bank who is being held for allegedly stealing $8.6 million and GH¢51 million belonging to customers is to appear before an Accra High Court. This was after the state led by Assistant Superintendent of Police (ASP) Emmanuel Nyamekye had told the Circuit Court that […]
Indigenous Banks Were Not Intentionally Collapsed — Bawumia Rubbishes Claims
Vice President Dr. Mahamadu Bawumia has denied claims by the opposition National Democratic Congress (NDC) that the governing New Patriotic Party intentionally closed down some nine indigenous banks during the financial sector clean-up. As part of the banking sector clean-up, the Bank of Ghana (BoG) revoked the licences of nine universal banks, 347 microfinance companies […]
Your ‘irresponsibility aggravated’ banking crisis and ‘you want claps?’ – Fifi Kwetey
The “irresponsible” decisions taken by the Akufo-Addo government in relation to the banking sector are what “aggravated” the banking sector crisis which led to the collapse of nine local banks and loss of jobs, a former Deputy Finance Minister in the Mahama administration, Fifi Kwetey has said. The licences of nine local banks were revoked […]
Ghana Commercial Bank can now issue “electronic money” as BoG gives approval
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 at a press conference in Accra this week. […]