In order to achieve progress in financial inclusion across West African countries by year 2020, the region’s stakeholders and leaders in its banking industry are set to converge on Lagos at The Future Banking Technology Summit. The summit will address issues with inclusion that is becoming highly sought so as to cater for the demand […]
Tag: XGHA_GCB
PRESIDENT BACKS BOG: TAKEOVERS ARE TO SANITISE BANKING SECTOR
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 […]
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 […]
Internal Auditors Ghana Issues New Directives
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, […]
GCB constructs GHC40, 000 projects in two communities
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 […]
Internal Auditors Ghana gives new directives on sending reports to regulator
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 […]
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 […]
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 […]
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 […]
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, […]