Tag: Bank of Ghana

The use of pension funds to rescue some five local banks unable to meet the Bank of Ghana’s GH¢400million minimum capital is a very...

The Bank of Ghana have confirmed that 23 banks have been left to operate now following the recapitalization exercise that ended on December 31,2018....

Local financial institution, GN Bank has been downgraded to savings and loans company, the Bank of Ghana (BoG) has announced. According to the  Central Bank,...

Heritage  and Premium banks’ licenses have been revoked and merged with Consolidated Bank Ghana, the Bank of Ghana have announced. At a press conference in...

An economist and a financial analyst, Prof. John Gatsi has questioned the timing of government’s GH₵2bn bailout to six local banks, aimed at supporting...

The central bank has given the green light for First Atlantic and Energy Commercial banks to move on swiftly with their merger talks. The two...

The central bank is expected to issue a ‘No Objection’ shortly, to allow the merger of First Atlantic Bank and Energy Commercial Bank to...

Banks are expected to ‘slowly’ tackle the non-performing loans on their books and remain competitive in the coming year, Moody’s Investor Service’s outlook for...

Edward Effah, Board Chairman of Fidelity Bank, has said Ghanaians must back the central bank’s on-going reforms to create a stronger financial sector. “I think...

Banks in the country must scale-up their support for the private sector, considering the gains of ongoing reforms in the sector and restoration of...