BoG Moves To the Rescue of Banks
All banks in the country have been directed by the Bank of Ghana (BoG) to strictly comply with recommendations from a recent Asset Quality Review (AQR) exercise conducted by the Bank. The findings...
Tag: bank of ghana
President Akufo-Addo and the Ghost Names
“President Nana Addo Dankwa Akufo-Addo says the country has been saved the amount of GHC443 million following Finance Ministry's suspension of salary payment to some 26,589 workers in April,...
Non-Bank Financial Institutions Appeal For Cheaper Funds
The current high lending rate offered to non-bank financial institutions by the Central Bank is rendering them uncompetitive and unproductive. This is according to the Chief Executive Officer of the...
Money Lenders Sweat Over New BOG Minimum Capital Requirement
About 500 members of Micro-Credit Association of Ghana will not meet the deadline for the minimum capital requirement. Results of a research supported by Business Sector Advocacy Challenge (BUSAC) in...
Impact of Policy Rate On Ghana’s Interest Rates
In slashing the policy rate in November 2016 from 26% to 25.50% and subsequently by 200 basis points in March 2017 to 23.50%,the Bank of Ghana (BoG), amongst others seek to boost consumer spending...
New Minimum Capital For Banks Pegged At GHc200-260m
Commercial banks in Ghana would have to increase their minimum capital for operation to at least 200 million cedis. This follows the revision of the minimum capital requirement by the Bank of Ghana....
BoG Limits CEOs Tenure To 15 Years
The Bank of Ghana (BoG) is to implement new corporate governance guidelines for the banking sector next month, as it seeks to ensure that proper corporate governance practices are entrenched. The new...
BoG Directs Banks To Plug Loopholes
The Bank of Ghana (BoG) says it has prescribed remedial measures both general and specific to the risk exposure of each of the 31 commercial banks operating in the country to help ensure resilience...
You Can’t Be CEO For More Than 15 Yrs
The Bank of Ghana (BoG) is to implement new corporate governance guidelines for the banking sector next month, as it seeks to ensure that proper corporate governance practices are entrenched. The new...
Bank of Ghana To Cap CEOs Tenure
The Bank of Ghana (BoG) is to implement a new corporate governance guidelines for the banking sector next month, as it seeks to ensure that proper corporate governance practices are entrenched. The...
Bank of Ghana Puts 15-Year Limit On Bank CEOs
The Bank of Ghana (BoG) is to implement new corporate governance guidelines for the banking sector next month, as it seeks to ensure that proper corporate governance practices are entrenched. The new...
U.S Tops Most Remitted Funds To Ghana
Ghanaians all over the world continue to send money back home to families and friends Ghanaians all over the world continue to send money back home to families and friends for specific reasons. These...
Mortgage Rates Seen Falling
More workers are expected to qualify for mortgages to buy homes, as the local currency stabilises and Treasury Bills (T-Bills) rate show a downward trend. The Managing Director of HFC Bank, Robert Le...
Banks To Merge Over Projected GHC260m Capital Review – Zenith Bank MD
The Bank of Ghana’s decision to peg the new minimum capital requirement for commercial banks at an estimated 260 million cedis should culminate in mergers and deepen the financial sector. This is...
Banks To Merge Over Projected GHc260m Capital Review – Zenith Bank MD
The Bank of Ghana’s decision to peg the new minimum capital requirement for commercial banks at an estimated 260 million cedis should culminate in mergers and deepen the financial sector. This is...
Target Media Websites
Hackers have targeted major Ghanaian news websites, as the coalition of media houses intensifies a campaign, for the ban of illegal mining commonly referred to as galamsey in Ghana. At least four...
Implement Findings of AQR Exercise – BoG Orders Banks
The Bank of Ghana (BoG) has directed all banks to strictly comply with its recommendations from a recent Asset Quality Review (AQR) exercise conducted by the bank. The findings which have been...
Public Accounts System Must Be More Flexible – George Loh
A former Member of Parliament for North Dayi, George Loh, believes the Auditor General’s report comes under the scrutiny of the Public Accounts Committee (PAC) a little too late for any lasting...
Implement Findings of AQR Exercise
The Bank of Ghana (BoG) has directed all banks to strictly comply with its recommendations from a recent Asset Quality Review (AQR) exercise conducted by the bank. The findings which have been...
Public Accounts System Must Be More Flexible
A former Member of Parliament for North Dayi, George Loh, believes the Auditor General’s report comes under the scrutiny of the Public Accounts Committee (PAC) a little too late for any lasting...