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 […]

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 […]

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 […]

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 […]

A private legal practitioner has condemned what he says is the indecent haste with which some Ghanaians are crucifying directors of failed banks even without the benefit of the full facts. Yonny Kulendi insists the attempts by Ghanaians to “stampede decision makers” into jailing people may invariably end up with “failed outcomes,” as has happened […]