The Chartered Institute of Bankers (CIB) is highly confident of the industry’s ability to meet the proposed increase in the minimum capital requirement for banks. The Institute contends that the...
MBG Limited and Holman Brothers, businesses owned by Ibrahim Mahama have fulfilled all financial obligations to the Ghana Revenue Authority (GRA). The GRA had been engaged in a tussle with the two...
Ecobank Ghana Limited has announced an increase in the bank’s total revenue of GHS1.2 billion for the year 2016, representing an 18 percent growth from the 2015 performance. Per the increase, the...
Ibrahim Mahama, a brother of former President John Mahama, has settled a Ghs12 million debt owed the Ghana Revenue Authority (GRA). Mr. Mahama was given a two-week ultimatum to defray the whopping...
The Institute for Fiscal Studies (IFS) has said the new central bank governor, Dr. Ernest Addison, must ensure the issue of high non-performing loans within the banking industry is dealt with...
The Institute for Fiscal Studies (IFS) has said the new central bank governor, Dr. Ernest Addison, must ensure the issue of high non-performing loans within the banking industry is dealt with...
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...
Frank Adu Jnr, Managing Director of CAL Bank, has proposed an increment in the current minimum capital requirement for universal banks from GH¢120million to US$200million, to create larger banks...
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....
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...
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...
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...
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...
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...
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...
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...
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...
The Ministry of Finance has set a target to increase the country’s banked population from 58% to 75 % by the year 2020. In line with the target, the ministry will in June this year launch a...
China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities...
HFC Bank recorded an 18% growth in its assets from GH¢1.6 billion to GH¢1.89 billion in the 2016 financial year. The Bank also saw its deposits going up 31%, outperforming the industry average of...
