Bank of Ghana (BOG) has announced that, UniBank Ghana Limited (UniBank) has been placed under administration.
The appointment of the official administrator according to the central bank is aimed at saving UniBank from imminent collapse.
The announcement comes just two weeks after uniBank announced a takeover of adb after some shareholders...
Even though their umbrella sector – services - remains the largest contributor to GDP in the country, holding 56.2 percent of economic activities, the financial and insurance subsectors saw a drop in their contribution to the economy from 9.4 to 8.8 percent, Ghana Statistical Service (GSS) data have shown.
The...
The Payment Systems Oversight report by the Bank of Ghana (BoG) shows the value of mobile money transactions as of December 2016 reached GH¢78.5billion, indicating a 121.5 percent growth compared to the GH¢35.4billion recorded over the same period in 2015.
The report also shows that the number of registered mobile...
Managing Director of CalBank, Frank Adu Jnr., has won the prestigious African Banker of the Year at an award ceremony held at the Sandton Convention Centre, Johannesburg, South Africa.
In addition to this recognition, Frank Adu Jnr. was also inducted into Africa’s CEOs Hall of Fame for 2018 for his...
On March 21, 2017, 44 African leaders gathered at Kigali, Rwanda, to sign the framework that establishes the African Continental Free Trade Agreement (AfCTFA) - aimed at creating a single continental market for goods and services as well as a Customs union with free movement of capital and business...
UniBank has secured over GH¢600million of fresh capital injection to position itself as one of the earliest banks to meet the central bank's increased stated capital requirement, a source close to the deal has told B&FT.
In a move that is expected to repose some much-needed confidence in local banks,...
set to charge fees on Instant Pay, MoMo interoperability & ACH Direct
waivers affecting GhIPSS’ sustainability
fees charge takes effect from May 23
The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) has said it is unable to continue waiving the fees it charged on services including Mobile Money...
Mr. Jai Mirchandani, Chief Executive Officer of Avnash Industries Ghana Limited - the country’s most formidable agro-industrial processing company, has said it is ready to invest over US$100million into government’s One District, One Factory (1D, 1F) policy to ensure its success.
“We are investing over US$100million from next year. I...
The Bank of Ghana (BoG) is engaging directors of ASN Financial Services Limited, a licensed Finance House, to find an amicable solution to the troubled indigenous institution.
The company, which specializes in investment services, credit issuance, and mortgage products, is currently struggling to meet the demands of some of its...
Despite impressive performances in 2017, banks are not likely to dole out dividends this year; at least not so generously, as they struggle to meet the new GH¢400million stated capital set by the central bank.
With annual general meetings coming up in a matter of weeks, banks will be requesting...