The Vice President of the People’s Republic of China, Li Yuanchao, has announced his country’s preparedness to partner Ghana to undertake a massive transformation of her economy. Speaking at a...
Social Security and National Insurance Trust (SSNIT) is suffering from the knock-on effect of loans gone bad in the banking sector, due to its large shareholding in the sector. With equity stake in...
GN Foundation, a non-governmental organisation of Groupe Nduom (GN), in collaboration with Safe Water Project, an NGO, yesterday opened a clean and safe water facility for the people of Etwereso in...
The largest US banks would withstand a severe recession and still be able to lend to American households and businesses, the Federal Reserve announced Thursday. The results of the first part of the...
Societe Generale Ghana (SOGEGH) appears to have a firm footing within the banking industry since it successfully deployed a brand expansion strategy last two years. The French bank has managed to...
The Qatar crisis presents Rex Tillerson with his first challenge as Washington's top diplomat and an opportunity for the former oilman to use his vast network of contacts. But while his former life...
The Asset Retrieval Taskforce at the Presidency yesterday seized expensive vehicles said to belong to the state from an individual. The taskforce stormed an area called Oforikrom, near Nsawam in the...
The Supreme Court has asked the National Investment Bank (NIB) not to pay the $60million judgment debt the High Court in Accra asked it to pay Dominion Corporate Trustees Limited in 2013. The...
The Bank of Ghana’s Monetary Policy Rate (MPR) has been lowered by 350 basis points from 26% in January to 22.5%. This is the rate at which commercial banks borrow from the central bank on...
The Vice President, Dr Mahamudu Bawumia, has challenged the investor community to take advantage of Ghana’s competitive advantages, especially within the West Africa sub-region, to make significant...
Mosul's trademark leaning minaret was missing from its skyline for the first time in centuries Thursday after desperate jihadists blew it up as Iraqi forces advanced on an ancient mosque compound....
Shares in a film unit of Chinese conglomerate Dalian Wanda Group were suspended from trading in Shenzhen after a dramatic fall on Thursday following rumours that banks would dump the firm's bonds....
Twenty people were killed Thursday when a powerful car bomb struck a bank in Afghanistan's Lashkar Gah city as government employees were queueing to withdraw salaries, the latest bloody attack during...
A powerful car bomb Thursday struck a bank in Afghanistan's Lashkar Gah city when civilian and military government employees were queueing to withdraw their salaries, causing multiple casualties,...
Bank of Ghana (BoG) has warned financial institutions in the country to tighten their security system to check money laundering activities. The central bank’s warning comes on the back of global...
Barclays and four former executives have been charged with fraud over their actions in the 2008 financial crisis. The Serious Fraud Office case relates to the way the bank raised billion of pounds...
"There is little doubt that the US financial system is stronger today than it was a decade ago," Jerome Powell said in testimony to be delivered before the Senate Banking Committee, but "we must also...
The steady interest rate decline in recent months, with a corresponding reduction in lending rates, augurs well for government’s quest to deepen financial inclusion in the country, CEO of...
Boarded-up homes became a ubiquitous symbol of the US housing crash, with once-prosperous neighborhoods left to decay as mortgage defaults soared and no new buyers emerged. Some 10 years later, the...
Former Barclays chief executive John Varley quit as a director of mining giant Rio Tinto on Wednesday after being charged with conspiracy to commit fraud in Britain. He was among four senior...
